16 Amendments of Sylvie GOULARD related to 2010/2006(INI)
Amendment 1 #
Motion for a resolution
Citation 1 a (new)
Citation 1 a (new)
- having regard to its resolution of 13 April 2000 on the Commission communication on implementing the framework for financial markets: Action plan1,
Amendment 7 #
Motion for a resolution
Recital D
Recital D
D. whereas the lack of European regulations and supervision encouraged uncoordinated actions by national authorities which increased the risk of protectionist behaviour, distortion of competition and threatened the construction of an internal market for financial services,
Amendment 11 #
Motion for a resolution
Recital F
Recital F
F. whereas citizens demand that the EU institutions urgentlythe crisis has created strong expectations on the part of citizens and made it necessary to create an adequate framework which, in the event of crisis, would preserve financial stability, would minimise the cost to taxpayers, would preserve basic banking services and would protect depositors,
Amendment 26 #
Motion for a resolution
Recital M
Recital M
M. whereas wide gaps between national regulatory and insolvency regimes must be bridged through a harmonised framework and reinforced dialogue among national supervisors and authorities within the Cross Border Stability Groups,
Amendment 27 #
Motion for a resolution
Recital N
Recital N
N. whereas a limited number of banks (“Systemic Banks”) represent an extremely high level of systemic risk due to their size, complexity and interconnectedness across Europe, calling for an urgent and targeted special regimethe systemic risk can arise from banks of any size whose complexity and interactions justify the creation of a Community regime for crisis resolution,
Amendment 42 #
Motion for a resolution
Recital P
Recital P
Amendment 76 #
Motion for a resolution
Annex – recommendation 1 – paragraph 3
Annex – recommendation 1 – paragraph 3
3. Attribute to the relevant supervisor the responsibility for crisis management and the approval of each bank’s contingency plan, as follows: • for Systemic Banks: to the relevant supervisor, that is the European Banking Authority (EBA)Banking), in close cooperation, depending on the case, with the college of national supervisors andor the Cross Border Stability Groups (as defined in the above- mentioned Memorandum of Understanding of June 2008); • for all other cross border non-systemic banks: the consolidated supervisor within the college, underconsolidated supervisor or the local supervisor. The specific form which theis coordinperation of the EBA and in consultation with the Cross Border Stability Groups; • for local banks: the local supervisorwill take, and the degree to which the Authority will intervene, shall be defined.
Amendment 95 #
Motion for a resolution
Annex – recommendation 1 – paragraph 6 – introductory part
Annex – recommendation 1 – paragraph 6 – introductory part
6. Design, before December 2011, an European supervisory rating for banks that respects confidentiality and is based on a common set of quantitative and qualitative indicators ("Risk Dashboard") comprising at least:
Amendment 99 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – introductory part
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – introductory part
8. Expand the crisis management minimum intervention toolbox available toProvide supervisors, beyond the Article 136 of Directive 2006/48/EC, to include at least the powerwith appropriate legal instruments enabling them to:
Amendment 141 #
Motion for a resolution
Annex – recommendation 2 – title
Annex – recommendation 2 – title
Recommeandation 2 on S– Risques systeémic Bankques
Amendment 146 #
Motion for a resolution
Annex – recommendation 2 – paragraph 1
Annex – recommendation 2 – paragraph 1
Amendment 155 #
Motion for a resolution
Annex – recommendation 2 – paragraph 2
Annex – recommendation 2 – paragraph 2
Amendment 171 #
Motion for a resolution
Annex – recommendation 2 – paragraph 3
Annex – recommendation 2 – paragraph 3
3. The Commission shall adopt a measure setting up, before April 2011, criteria for definition of Systemic Banks based on a draft elaborated by the European Systemic Risk Board (ESRB)European Systemic Risk Board (ESRB) shall draw up a report on the systemic risks which may arise in the banking sector, with a view to enabling the Commission to adopt a communication on the subject before 2012 in which it will, where applicable, prepare legislative proposals.
Amendment 181 #
Motion for a resolution
Annex – recommendation 2 – paragraph 5
Annex – recommendation 2 – paragraph 5
5. For each of the Systemic Banks, the EBA shall lead the college ofOn the basis of this work, the European Authority (Banking) shall monitor banks under threat, in close cooperation with national supervisors, act under normal circumstances through national supervisors and retain the ultimate decision power and a binding mediating rolend national central banks. The Authority shall if necessary use the binding mediating powers given to it by the Regulation of the European Parliament and of the Council establishing a European Banking Authority. The authority shall keep the ESRB informed of actions it takes to avert a systemic risk.
Amendment 192 #
Motion for a resolution
Annex – recommendation 2 – paragraph 6
Annex – recommendation 2 – paragraph 6
6. An EU Financial Stability Fund and a Resolution Unit shall support interventions led by the EBA (resolution or insolvency) as regards Systemic BanksThe Authority may make use of the Financial Stability Fund created by the Regulation of the European Parliament and of the Council establishing a European Banking Authority (EBA); the arrangements for this fund are set out in Recommendation 3.
Amendment 210 #
Motion for a resolution
Annex – recommendation 3 – paragraph 2 – indent 2
Annex – recommendation 3 – paragraph 2 – indent 2
• funded ex-ante by the Systemic Banksbanking sector on the basis of risk-based, countercyclical criteria; in order to ensure a level playing field, banks' contributions shall be adjusted in accordance with a bonus/penalty system to take account of the quality of their management;