BETA

2 Amendments of Burkhard BALZ related to 2014/0807(CNS)

Amendment 13 #
Draft regulation
Recital 10 a (new)
(10a) Given the globalisation of banking services and the increased importance of international standards, the ECB should, in association with the competent authorities of participating Member States, establish a regular dialogue with supervisors outside the Union to foster the international coordination and to agree on shared principles in the imposition and application of sanctions. The dialogue should include a common understanding on the implications of diverging sanctions policies on market access and competition, and should aim to improve the international level playing field.
2014/10/21
Committee: ECON
Amendment 25 #
Draft regulation
Article 1 – point 5 a (new)
Regulation (EC) No 2532/98
Article 6a (new)
5a. The following Article is inserted: “Article 6a International Dialogue Pursuant to Article 8 of Regulation (EU) No 1024/2013 the ECB shall establish a regular dialogue with supervisory authorities outside the Union to work towards a coherent application of sanctions and sanction mechanisms on the international level.”
2014/10/21
Committee: ECON