11 Amendments of Lieve WIERINCK related to 2017/0230(COD)
Amendment 286 #
Proposal for a regulation
Recital 8
Recital 8
(8) It is therefore crucial that the financial system plays its full part in meeting critical sustainability challenges. This will require a deep re-engineering of the financial system to which the ESAs should make an active contribution starting with reformof the ESAs to create the right regulatory and supervisory framework to mobilise and orient private capital flows towards sustainable investments.
Amendment 349 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a a (new)
Article 1 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) No 1093/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(aa) paragraph 3 is replaced by the following: "The Authority shall also act in the field of activities of credit institutions, financial conglomerates, investment firms, payment institutions and e-money institutions in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting and ESG aspects, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 368 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point -i (new)
Article 1 – paragraph 1 – point 5 – point -i (new)
Regulation (EU) No 1093/2010
Article 8 – paragraph 1 – point a
Article 8 – paragraph 1 – point a
(-i) point (a) is replaced by the following: "(a) to contribute to the establishment of high-quality common regulatory and supervisory standards and practices, including on ESG aspects, in particular by providing opinions to the Union institutions and by developing guidelines, recommendations, draft regulatory and implementing technical standards, and other measures which shall be based on the legislative acts referred to in Article 1(2); " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 445 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7 – point d a (new)
Article 1 – paragraph 1 – point 7 – point d a (new)
Regulation (EU) No 1093/2010
Article 16 – paragraph 5a (new)
Article 16 – paragraph 5a (new)
Amendment 515 #
Proposal for a regulation
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Regulation (EU) No 1093/2010
Article 29a – paragraph 1 – subparagraph 2
Article 29a – paragraph 1 – subparagraph 2
The Strategic Supervisory Plan shall identify specific priorities for supervisory activities in order to promote consistent, efficient and effective supervisory practices and the common, uniform and consistent application of Union law and to address relevant micro-prudential trends, potential risks and vulnerabilities identified in accordance with Article 32. (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112), developments including new risk assessment- and business models, identified in accordance with Article 32. Or. en
Amendment 581 #
Proposal for a regulation
Article 1 – paragraph 1 – point 16 – point -a (new)
Article 1 – paragraph 1 – point 16 – point -a (new)
REGULATION (EU) No 1093/2010
Article 32 – paragraph 1
Article 32 – paragraph 1
(-a) In article 32, paragraph 1 is amended as follows: "1. The Authority shall monitor and assess market developments in the area of its competence and, where necessary, inform the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), the ESRB and the European Parliament, the Council and the Commission about the relevant micro-prudential trends, potential risks and vulnerabilities, including with respect to ESG aspects and new technological developments. The Authority shall include in its assessments an economic analysis of the markets in which financial institutions operate and an assessment of the impact of potential market developments on such institutions. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 586 #
Proposal for a regulation
Article 1 – paragraph 1 – point 16 – point -a (new)
Article 1 – paragraph 1 – point 16 – point -a (new)
Regulation (EU) No 1093/2010
Article 32 – paragraph 2 – point aa (new)
Article 32 – paragraph 2 – point aa (new)
Amendment 656 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point -a (new)
Article 1 – paragraph 1 – point 22 – point -a (new)
Regulation (EU) No 1093/2010
Article 37 – paragraph 1 – subparagraph 1
Article 37 – paragraph 1 – subparagraph 1
(-a) in paragraph 1, subparagraph 1 is replaced by the following: “1. To help facilitate consultation with stakeholders in areas relevant to the tasks of the Authority, a Banking Stakeholder Group shall be established, contributing the knowledge and expertise that is needed to support the Authority. This knowledge and expertise shall encompass aspects of ESG, technological innovation and sustainable business models. The Banking Stakeholder Group shall be consulted on actions taken in accordance with Articles 10 to 15 concerning regulatory technical standards and implementing technical standards and, to the extent that these do not concern individual financial institutions, Article 16 concerning guidelines and recommendations. If actions must be taken urgently and consultation becomes impossible, the Banking Stakeholder Group shall be informed as soon as possible. ” Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 660 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point –a a (new)
Article 1 – paragraph 1 – point 22 – point –a a (new)
Regulation (EU) No 1093/2010
Article 37 – paragraph 2
Article 37 – paragraph 2
(-a b) paragraph 2 is amended as follows: "2. The Banking Stakeholder Group shall be composed of 30 members, representing in balanced proportions credit and investment institutions operating in the Union, their employees’ representatives as well as consumers, users of banking services, and representatives of SMEs. At least five of its members shall be independent top-ranking academics. Ten of its members shall represent financial institutions, three of whom shall represent cooperative and savings banks. (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)Its composition shall include members with knowledge and expertise of ESG. " Or. en
Amendment 669 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point a
Article 1 – paragraph 1 – point 22 – point a
Regulation (EU) No 1093/2010
Article 37 – paragraph 4 – subparagraph 1
Article 37 – paragraph 4 – subparagraph 1
(a) in paragraph 4, the last sentence of the first subparagraph is replaced by the following:subparagraph 1 is replaced by the following: "The Authority shall provide all necessary information subject to professional secrecy as set out in Article 70 and ensure adequate secretarial support for the Banking Stakeholder Group. Adequate compensation shall be provided to members of the Banking Stakeholder Group representing non-profit organisations, excluding industry representatives. Such compensation shall be at least equivalent to the reimbursement rates of officials pursuant to Title V, Chapter 1, Section 2 of the Staff Regulations of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union laid down in Council Regulation (EEC, Euratom, ECSC) No 259/68 ( 13 ) (Staff Regulations). The Banking Stakeholder Group may establish working groups on technical issues and ESG-related developments. Members of the Banking Stakeholder Group shall serve for a period of four years, following which a new selection procedure shall take place. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 869 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
Regulation (EU) No 1094/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(1a) In Article 1, paragraph 3 is replaced by the following: "3. The Authority shall also act in the field of activities of insurance undertakings, reinsurance undertakings, financial conglomerates, institutions for occupational retirement provision and insurance intermediaries, in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting and ESG aspects, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1094-20140523)" Or. en