14 Amendments of Ashley FOX related to 2011/0202(COD)
Amendment 258 #
Proposal for a regulation
Article 4 – paragraph 1 – point 84
Article 4 – paragraph 1 – point 84
Amendment 602 #
Proposal for a regulation
Article 100 – paragraph 2 – subparagraph 2
Article 100 – paragraph 2 – subparagraph 2
Amendment 766 #
Proposal for a regulation
Article 185 – paragraph 1
Article 185 – paragraph 1
Amendment 767 #
Proposal for a regulation
Article 185 – paragraph 2
Article 185 – paragraph 2
Amendment 768 #
Proposal for a regulation
Article 185 – paragraph 3
Article 185 – paragraph 3
3. Internal ratings-based analysis of the institution's credit risk profile shall be an essential part of the management reporting to these parties. Reporting shall include at least risk profile by grade, migration across grades, estimation of the relevant parameters per grade, and comparison of realised default rates, and to the extent that own estimates are used of realised LGDs and realised conversion factors against expectations and stress-test results. Reporting frequencies shall depend on the significance and type of information and the level of the recipient.
Amendment 769 #
Proposal for a regulation
Article 185 – paragraph 4
Article 185 – paragraph 4
Amendment 801 #
Proposal for a regulation
Article 280 – paragraph 4
Article 280 – paragraph 4
4. An institution's management body and senior management shall be actively involved in, and ensure that adequate resources are allocated to, the management of CCR. Senior management shall be aware of the limitations and assumptions of the model used and the impact those limitations and assumptions can have on the reliability of the output through a formal process. Senior managementThe institution shall be also aware of the uncertainties of the market environment and operational issues and of how these are reflected in the model.
Amendment 802 #
Proposal for a regulation
Article 280 – paragraph 8
Article 280 – paragraph 8
8. An institution shall establish and maintain a routine and rigorous program of stress testing. The results of that stress testing shall be reviewed regularly and at least quarterly by senior managementthe institution and shall be reflected in the CCR policies and limits set by the management body or senior managementinstitution. Where stress tests reveal particular vulnerability to a given set of circumstances, the institution shall take prompt steps to manage those risks.
Amendment 803 #
Proposal for a regulation
Article 285 – paragraph 6
Article 285 – paragraph 6
Amendment 804 #
Proposal for a regulation
Article 287 – paragraph 1 – point d
Article 287 – paragraph 1 – point d
(d) the management body and senior management shall be involved in the risk control process and shall ensure that adequate resources are devoted to credit and counterparty credit risk control. In this regard, tThe daily reports prepared by the independent risk control unit established in accordance Article 281(1)(a) shall be reviewed by a level of management with sufficient seniority and authority to enforce both reductions of positions taken by individual traders and reductions in the overall risk exposure of the institution;
Amendment 806 #
Proposal for a regulation
Article 296 – paragraph 1
Article 296 – paragraph 1
1. Institutions shall monitor all their exposures to CCPs and shall regularly report information on those exposures to their senior management and appropriate committee or committees of the management body.
Amendment 814 #
Proposal for a regulation
Article 307 – paragraph 2 – point f
Article 307 – paragraph 2 – point f
Amendment 833 #
Proposal for a regulation
Article 357 – paragraph 1 – point c
Article 357 – paragraph 1 – point c
(c) the institution's management body and senior management shall be actively involved in the risk-control process and the daily reports produced by the risk- control unit are reviewed by a level of management with sufficient authority to enforce both reductions of positions taken by individual traders as well as in the institution's overall risk exposure;
Amendment 1313 #
Proposal for a regulation
Article 422 – paragraph 2 – point e
Article 422 – paragraph 2 – point e
(e) the description of the information flow on risk to the management body in its supervisory function.