5 Amendments of Burkhard BALZ related to 2017/2253(INI)
Amendment 58 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that the Member States may not always entirely support international cooperation owing toagreements in the field of financial regulation in cases of concerns about the protection of national interests and the inherent incentive to shiftabout a shift of excessive risks tofrom other jurisdictions to the EU;
Amendment 75 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that, in many cases, the granting of equivalence is a unilateral decision taken by the EU and is not applied in a reciprocal manner by third countries; considers that international cooperation could be better advanced by dint of international agreements negotiated between the EU and third countries if these are designed in a way that prevents regulatory arbitrage and are continuously monitored by competent authorities with a view to ensuring a regulatory level playing-field; notes that, unlike equivalence, international agreements can provide mutual access between the EU and third countries for financial institutions and for the mutual recognition of rules;
Amendment 169 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for equivalence decisions to be reviewed at least once every three years or in case of significant changes in the third country's regulatory framework which would call the equivalence decision into question, by the relevant ESA and for such reviews to be made public;
Amendment 196 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 226 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls to that end, moreover, for the EU-US Financial Markets Regulatory Dialogue to be upgraded to include more regular meetings; stresses that the EU should push to have a financial services chapter as part of any potential future EU-US trade agreement with the aim of a more frequent and consistent coordination;