13 Amendments of Gunnar HÖKMARK related to 2010/2006(INI)
Amendment 34 #
Motion for a resolution
Recital N
Recital N
N. whereas a limited number of banks (“Systemic Bcross border 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 regime,
Amendment 40 #
Motion for a resolution
Recital O
Recital O
O. whereas a special regime for Systemic Bcross- border banks, in order to be effective in supporting interventions, requires a common set of rules, appropriate expertise and financial resources,
Amendment 48 #
Motion for a resolution
Recital P
Recital P
P. whereas the fast-track special framework for Systemic Bcross-border banks should evolve in the medium/long term towards a universal regime covering all banks in the Union.
Amendment 80 #
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 Bcross-border banks: the European Banking Authority (EBA) in close cooperation with the college of national supervisors and 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, under the coordination of the EBA and in consultation with the Cross Border Stability Groups; • for local banks: the local supervisor.
Amendment 130 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 2
Annex – recommendation 1 – paragraph 8 – subparagraph 2
Amendment 142 #
Motion for a resolution
Annex – recommendation 2 – title
Annex – recommendation 2 – title
Recommendation 2 on SystemicCross-Border Banks
Amendment 149 #
Motion for a resolution
Annex – recommendation 2 – paragraph 1
Annex – recommendation 2 – paragraph 1
1. Systemic Banks, due to their special risk profile,Cross-border banks require to be urgently addressed by a new special regime to be known as the European Bank Company Law to be designed until the end of 2011.
Amendment 161 #
Motion for a resolution
Annex – recommendation 2 – paragraph 2
Annex – recommendation 2 – paragraph 2
2. Systemic BCross-border banks shall adhere to the new special regime which shall overcome legal impediments to effective action across borders while ensuring clear and predictable treatment of shareholders, depositors, creditors and other stakeholders.
Amendment 167 #
Motion for a resolution
Annex – recommendation 2 – paragraph 3
Annex – recommendation 2 – paragraph 3
Amendment 184 #
Motion for a resolution
Annex – recommendation 2 – paragraph 5
Annex – recommendation 2 – paragraph 5
5. For each of the Systemic Bcross-border banks, the EBA shall lead the college of supervisors, act under normal circumstances through national supervisors and retain the ultimate decision power and a binding mediating role.
Amendment 190 #
Motion for a resolution
Annex – recommendation 2 – paragraph 6
Annex – recommendation 2 – paragraph 6
Amendment 199 #
Motion for a resolution
Annex – recommendation 3
Annex – recommendation 3
Amendment 238 #
Motion for a resolution
Annex – recommendation 4 – paragraph 1
Annex – recommendation 4 – paragraph 1
1. A resolution unit shall be established within the EBA to lead the resolution and insolvency procedures for Systemic Bcross-border banks. This unit shall: • operate within the strict boundaries defined by the legal framework and the EBA’s competencies; • be a pool of legal and financial expertise specially skilled in bank restructurings, turnarounds and liquidation; • cooperate closely with national authorities on implementation, technical assistance and sharing of staff; • propose the disbursements from the Stability Fund.