3 Amendments of Andreas SCHWAB related to 2012/0244(COD)
Amendment 85 #
Proposal for a regulation
Recital 2
Recital 2
(2) The provision for a single supervisory mechanism is the first step towards the creation of a European banking union, underpinned by a true single rulebook for financial services and composed also of a common deposit insurance andrising also harmonisation of the various national deposit insurance systems and a common European resolution framework.
Amendment 152 #
Proposal for a regulation
Recital 10
Recital 10
(10) In order to ensure the proper functioning of the EBA and adequate representation of all Member States, the voting modalities, the composition of the Management Board, and the composition of the independent panel should be reviewed after an appropriate period of time of two years from the entry into force of this Regulation, taking into account any experience gained and further developments.
Amendment 158 #
Proposal for a regulation
Recital 11
Recital 11
(11) Since the objectives of this Regulation, namely ensuring a high, effective and consistent level ofuniform prudential regulation and supervision across the European Unionin all the EU Member States, protecting the integrity, efficiency and orderly functioning of financial markets and maintaining the stability of the financial system, cannot be sufficiently achieved by the Member States and can, therefore, by reason of the scale of the action, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Regulation doesmay not go beyond what is necessary in order to achieve those objectives,