Activities of Sharon BOWLES related to 2008/0199(COD)
Plenary speeches (1)
Deposit-guarantee schemes as regards the coverage level and the payout delay (debate)
Amendments (9)
Amendment 17 #
Proposal for a directive – amending act
Recital 5
Recital 5
(5) The payout period of three months currently provided for, which can be extended to 9 months, runs counter to the need to maintain depositors' confidence and does not meet their needs. Therefore, the payout delay should be reduced to a period of threeen working days from the date on which the deposit-guarantee scheme concerned has received the relevant information. If deposit-guarantee funds are being used to support the continuity of banking services, they should also be available within ten working days. Furthermore, in the cases where payout is triggered by a determination of the competent authorities, the decision period of 21 days currently provided for should be reduced to 3 days in order not to impede rapid payout.
Amendment 19 #
Proposal for a directive – amending act
Recital 5 a (new)
Recital 5 a (new)
(5a) Member States should be encouraged to pursue options for maintaining the continuity of banking service and access to monies for depositors, and, where appropriate, to allow access to deposit- guarantee funds for that purpose.
Amendment 20 #
Proposal for a directive – amending act
Recital 5 b (new)
Recital 5 b (new)
(5b) In the event that a deposit-guarantee scheme is triggered, depositors should have a local point of contact in their own country.
Amendment 29 #
Proposal for a directive – amending act
Article 1 – point 2 – subpoint a
Article 1 – point 2 – subpoint a
Directive 94/19/EC
Article 4 – paragraph 5
Article 4 – paragraph 5
5. In the cases referred to in paragraphs 1 to 4, Member States shall ensure that Deposit-guarantee Sschemes cooperate with each otherenter into agreements concerning their respective obligations.
Amendment 30 #
Proposal for a directive – amending act
Article 1 – point 2 – subpoint b
Article 1 – point 2 – subpoint b
Directive 94/19/EC
Article 4 – paragraph 6
Article 4 – paragraph 6
6. The Commission shall review the functioning of this Article every three years or whenever urgency demands and, if appropriate, propose amendments thereto.
Amendment 39 #
Proposal for a directive – amending act
Article 1 – point 3 – subpoint a
Article 1 – point 3 – subpoint a
Directive 94/19/EC
Article 7 – paragraph 1 – subparagraph 2 a (new)
Article 7 – paragraph 1 – subparagraph 2 a (new)
Member States that are not members of the euro area may apply the exchange rate prevailing at ...*. Updating that exchange rate may be effected at the discretion of the Member State concerned and shall be effected in the event that the converted amount falls to more than 5 % below the minimum amount in euro. * OJ: please insert the date of adoption of the amending act.
Amendment 43 #
Proposal for a directive – amending act
Article 1 – point 3 – subpoint a
Article 1 – point 3 – subpoint a
Directive 94/19/EC
Article 7 – paragraph 3
Article 7 – paragraph 3
3. This Directive shall cover all depositors who are natural persons acting for purposes other than their trade, business or profession.
Amendment 49 #
Proposal for a directive – amending act
Article 1 – point 5 – subpoint a
Article 1 – point 5 – subpoint a
Directive 94/19/EC
Article 10 – paragraph 1 – subparagraph 2
Article 10 – paragraph 1 – subparagraph 2
Deposit-guarantee schemes shall be in a position to pay duly verified claims by depositors in respect of unavailable deposits within threeen working days of the date on which the data referred to in the first subparagraph have been made available to them. In the event that deposit-guarantee funds are to be used to support the continuity of banking services, any necessary funding shall be made available within ten days.
Amendment 53 #
Proposal for a directive – amending act
Article 1 – point 6
Article 1 – point 6
Directive 94/19/EC
Article 12 – paragraph 1
Article 12 – paragraph 1
1. By 31 December 2009 at the latest, the Commission shall submit to the European Parliament and to the Council a report on athe effect of potential harmonisation of the funding mechanisms of deposit-guarantee schemes and the possible introduction of a Community deposit-guarantee scheme, together with any appropriate proposals and whether such harmonisation and Community deposit-guarantee scheme have any benefits in the absence of harmonised cross-border winding-up.