5 Amendments of Peter SKINNER related to 2012/0244(COD)
Amendment 120 #
Proposal for a regulation
Recital 5
Recital 5
(5) In view of the supervisory tasks conferred on the ECB by Council Regulation (EU) No …/….../... [127(6) Regulation], EBA should be able to carry out its tasks also in relation to the ECB in the same manner as in relation to other supervisory authorities. In order to ensure that existing mechanisms for settlement of disagreements and actions in emergency situations remain effective, a specific procedure should be provided for. In particular, if the ECB does not comply with an action by EBA to settle a disagreement or to address an emergency situation, it should be required to explain its reasons. In that case, whenever based on requirements set out in directly applicable Union law EBA can adopt an individual decision addressed to the financial institution concerned, it should do soa dispute in supervisory action should arise between the ECB and EBA, the ECB should be required to explain its reasons in writing.
Amendment 134 #
Proposal for a regulation
Recital 7
Recital 7
(7) Decisions concerning breaches of Union law and settlement of disagreements should be examined by an independent panel composed of voting members of the Board of Supervisors which do not have any conflicts of interest, appointed by the Board of Supervisors. The decisions proposed by the panel to the Board of Supervisors should be considered as adopted unless rejected by a simple majority using a weighted system to ensure equal representation of Euro area and non- Euro area countries alike, which should include an adequate number of votes from members from Member States participating in the ECB component of the SSM and from Member States that do not participate in the SSMECB component of the SSM. Furthermore, in order to maintain the necessary incentives for closer integration of Member States within a single Union- wide supervisory mechanism, where disagreements occur between home and host competent authorities, a balance should be maintained in the decision- making process to ensure that the ability of host Member States to apply stricter prudential standards is not undermined.
Amendment 160 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11 a) In order to achieve an effective single supervisory mechanism it is indispensable that the Council and the Commission give full consideration to the review of Regulation (EU) No 1093/2010, which is due by 2 January 2014. The role of the EBA should remain as coordinator of prudential supervision across the 27 Member States.
Amendment 178 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 b (new)
Article 1 – paragraph 1 – point 1 b (new)
Regulation (EU) No 1093/2010
Article 7
Article 7
1 b. Article 7 is replaced by the following: "Seat "The Authority shall have its seat in an appropriate location to facilitate the functioning of the SSM."
Amendment 280 #
Proposal for a regulation
Article 2 – paragraph 2
Article 2 – paragraph 2
The report shall take into account in particular any developments in the number of Member States whose currency is the Eeuro or whose competent authorities have entered into a close cooperation in accordance with Article 6 of Regulation …/…(EU) No .../... [conferring specific tasks on the ECB] and shall examine whether in light of such developments any further adjustments of those provisions are necessary to ensure that EBA decisions are taken in the interest of maintaining and strengthening the internal market for financial services and that those decisions are complied with consistently across all competent authorities who have opted for the mechanism or are within the Euro area as defined in Article 4(2)(i).