Activities of Ashley FOX related to 2009/0140(COD)
Shadow opinions (1)
OPINION Proposal for a Regulation of the European Parliament and of the Council on Community macro prudential oversight of the financial system and establishing a European Systemic Risk Board
Amendments (3)
Amendment 43 #
Proposal for a regulation
Recital 16
Recital 16
(16) The interconnectedness of financial institutions and markets implies that the monitoring and assessment of potential systemic risks should be based on a broad set of relevant macro-economic and micro- financial data and indicators. The ESRB should therefore have access to all therelevant information necessary to perform its duties while preserving the confidentiality of these data as required, with the aim of maintaining market stability.
Amendment 51 #
Proposal for a regulation
Article 15 – paragraph 5
Article 15 – paragraph 5
5. Before requesting information in accordance with paragraphs 3 and 4, the ESRB shall duly consult the relevant European Supervisory Authority in order to ensure that the request is proportionatecipient of the request in order to ensure that the request is proportionate. Where the recipient does not consider that a request is proportionate, it may ask the General Board of the ESRB to decide whether the request is justified. If the General Board confirms the request, the recipient shall provide the information without delay.
Amendment 56 #
Proposal for a regulation
Article 20
Article 20
The Council shall examine this Regulation on the basis of a report from the Commission threewo years after its entry into force and shall determine whether the missions and organisation of the ESRB need to be reviewed after having received an opinion from the ECB.