7 Amendments of Tibor SZANYI related to 2014/0020(COD)
Amendment 489 #
Proposal for a regulation
Article 10 – title
Article 10 – title
Power of competent authority to require that a core credit institution does not carry out certain activities and to impose other measures
Amendment 494 #
Proposal for a regulation
Article 10 – paragraph 1
Article 10 – paragraph 1
1. Where the competent authority concludes that, following the assessment referred to in Article 9(1), the limits and conditions linked to the metrics referred to in points (a) to (h) of Article 9(2) and specified in the delegated act referred to in paragraph 5 are met, and it therefore deems that there is a threat to the financial stability of the core credit institution or to the whole or part of the Union financial system as a whole, , taking into account the objectives referred to in Article 1, it shall, no later than two months after the finalisation of that assessment, start the procedure leading to a decision as referred to in the second subparagraph of paragraph 3.
Amendment 516 #
Proposal for a regulation
Article 10 – paragraph 3 – subparagraph 2
Article 10 – paragraph 3 – subparagraph 2
Unless the core credit institution demonstrates, within the time limit referred to in the first subparagraph, to the satisfaction of the competent authority, that the reasons leading to the conclusions are not justifiedactivities referred to in paragraphs 1 and 2 of this Article do not pose a threat to financial stability of the core credit institution or to the whole or part of the Union financial system, the competent authority shall adopt a decision addressing the core credit institution and requiring it not to carry out the trading activities specified in those conclusions. The competent authority shall state the reasons for its decision and publicly disclose it.
Amendment 531 #
Proposal for a regulation
Article 10 – paragraph 3 – subparagraph 3
Article 10 – paragraph 3 – subparagraph 3
For purpose of paragraph 1, where the competent authority decides exceptionally to allow the core credit institution to carry out those trading activities it shall also state the reasons for that decision and publicly disclose it.
Amendment 543 #
Proposal for a regulation
Article 10 – paragraph 3 – subparagraph 6
Article 10 – paragraph 3 – subparagraph 6
The competent authority shall adopt its final decision within two months from having received the written comments referred to in the first subparagraph or four months after the notification referred to in the first subparagraph, whichever is earlier.
Amendment 546 #
Proposal for a regulation
Article 10 – paragraph 4 a (new)
Article 10 – paragraph 4 a (new)
4 a. Notwithstanding separation decisions, the competent authority may impose additional capital and liquidity requirements that it deems necessary to counter a threat to the financial stability of the core credit institution or to the whole or part of the Union financial system.
Amendment 559 #
Proposal for a regulation
Article 10 – paragraph 5 – point b – introductory part
Article 10 – paragraph 5 – point b – introductory part
(b) specify which type of securitisation is not considered to pose a threat to the financial stability of the core credit institution or to the whole or part of the Union financial system as a whole with regard to each of the following aspects: