10 Amendments of József SZÁJER related to 2012/0242(CNS)
Amendment 91 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
The ECB shall co-operate closely with the European Stability Mechanism (ESM) or any other similar facility for participating Member States whose currency is not the Euro where a credit institution has received or applied for financial assistance from that facility.
Amendment 97 #
Proposal for a regulation
Article 4 – paragraph 1 – point d
Article 4 – paragraph 1 – point d
Amendment 98 #
Proposal for a regulation
Article 4 – paragraph 1 – point e
Article 4 – paragraph 1 – point e
Amendment 109 #
Proposal for a regulation
Article 6 – paragraph 3
Article 6 – paragraph 3
Amendment 111 #
Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 2
Article 13 – paragraph 1 – subparagraph 2
If the credit institution complies with all conditions of authorisation set out in national law of that Member State, the national competent authority shall take, within the period provided for by national law, a decision to propose to the ECB to grant the authorisation. The decision shall be notified to the ECB and to . In other credit instituases, the national concernedmpetent authority shall reject the application for authorisation.
Amendment 112 #
Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 3
Article 13 – paragraph 1 – subparagraph 3
When the ECB receives the proposal from the national competent authority referred to in the second subparagraph, it shall grant the authorisation where the conditions set out in Union law are met. The decisionexamine the proposal within 45 working days, extendable once for the same period in duly justified cases, and grant the authorisation where the conditions set out in Union law are met. In all other cases, the ECB shall reject the application for authorisation. The decision taken in accordance with this paragraph shall be notified and explained to the credit institution and to the national competent authority concerned.
Amendment 113 #
Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 1
Article 13 – paragraph 2 – subparagraph 1
Amendment 114 #
Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 2
Article 13 – paragraph 2 – subparagraph 2
Where the national competent authority which has proposed the authorisation in accordance with paragraph 1 considers that the authorisation must be withdrawn in accordance with the national law, it shall submit a proposal to the ECB to that end. In that case, the ECB may withdraw the authorisation. shall take a decision on the proposed withdrawal taking full account of the justification for withdrawal put forward by the national competent authority.
Amendment 139 #
Proposal for a regulation
Article 26 a (new)
Article 26 a (new)
Article 26 a 1. The ECB shall ensure that none of its supervisory decision impinges in any way on the fiscal responsibilities of non- participating Member States. 2. Where a Member State considers that a decision taken by ECB impinges on its fiscal responsibilities, it may notify the ECB, the Commission and the Council within 3 working days after notification of the ECB's decision. In its notification, the Member State shall clearly and specifically explain why and how the decision impinges on its fiscal responsibilities. In the case of such notification, the decision of the ECB shall be suspended. The Council shall, within 10 working days, convene a meeting and take a decision, by a simple majority of its members, as to whether the ECB's decision is revoked. Where the Council, after having considered the matter, does not take a decision to revoke the ECB's decision, the suspension of the ECB's decision shall be terminated.
Amendment 140 #
Proposal for a regulation
Article 26 b (new)
Article 26 b (new)
Article 26 b 1. The Commission shall monitor the functioning of the Single Supervisory Mechanism on an ongoing bases. 2. In the case of adverse developments which may seriously jeopardise the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the Union or threaten to distort competition in the internal market, especially in relation to the non- participating Member States, the Commission shall actively facilitate and, where deemed necessary, coordinate any actions undertaken by the relevant competent authorities including the ECB. 3. The Commission shall issue a warning or use other remedial action in response to the risks identified. 4. The Commission shall submit the warning, together with any appropriate proposal to the European Parliament and to the Council. 5. In order to be able to perform its role, the Commission shall be fully informed of any relevant developments, and shall participate as an observer in the supervisory board of the ECB.