94 Amendments of Sharon BOWLES related to 2008/2148(INI)
Amendment 1 #
Motion for a resolution
Recital A
Recital A
A. whereas the condition set out in Rule 39(2), that no proposal should be in preparation, is duly fulfilled, apart from the review of Directives 2006/48/EC and 2006/49/EC and expected proposal on Credit Rating Agencies,
Amendment 3 #
Motion for a resolution
Recital B
Recital B
B. whereas the Commission has not fully taken into account Parliament's earlier requests, including those made in its above- mentioned resolutions, the annex to this resolution therefore includes a list of possible suggestions as to how to improve the functioning of financial markets supervision,
Amendment 7 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas any suggestion made by Parliament should be principle based, details such as presented in the annex need to be developed in cooperation with the supervisory authorities, financial markets participants and other relevant bodies,
Amendment 13 #
Motion for a resolution
Recital C
Recital C
C. whereas the current financial crisis, which was triggered by US subprime mortgages, has spread worldwide due to the increasingly integrated and contagious nature of markets, indicating that existing financial market regulation and supervision could not cope with it and a significant reform isis not sufficiently integrated on either EU or international level and a significant review and the reforms being undertaken are therefore welcome,
Amendment 17 #
Motion for a resolution
Recital D
Recital D
D. whereas the crisis has led to a credit crunchsqueeze entailing a higher price of credit for allmany market players; whereas long-term economic growth and employment are threatened by fragilcan be put under pressure by the current turmoil on the financial markets,
Amendment 21 #
Motion for a resolution
Recital E
Recital E
E. whereas poorinsufficiently regulated capital market s disintermediation and the shadow banking system have emerged asnew kinds of financial vehicles have emerged providing both benefits and new sources of systemic risk globally; whereas the exponential growth in derivatives has increasedfollowed new risk mand facilitatedagement strategies also creating risks including new methods of speculation,
Amendment 23 #
Motion for a resolution
Recital F
Recital F
F. whereas the possibility to transfer credit riskerception that credit risk could be transferred through an "origination and e-to-distributione" model has weakened incentives to evaluate and monitor risk, and has led to a breakdown in due diligence; whereas the "originate- to-distribute" model has, however, in may cases properly facilitated competition, lower prices and access to credit for less well off consumers,
Amendment 25 #
Motion for a resolution
Recital G
Recital G
G. whereas herding,improper practices by some actors such as inadequate risk management, irresponsible lending, and excessive debt (leverage), and illiquid and complex financial instruments pose significant risks to financial stabilpose significant risks to financial institutions which in some cases has transferred to wider financial stability, as can market stress that leads to herding and illiquidity,
Amendment 29 #
Motion for a resolution
Recital H
Recital H
H. whereas financial regulation and innovation, which was designed to diminish risk at the micro level, has led to risk concentration and has exacerbated risk at the macro level, thus amplifyingand innovation may not have adequately anticipated and dispersed risk concentration and systemic risk,
Amendment 35 #
Motion for a resolution
Recital I
Recital I
I. whereas harmful regulatory arbitrage must be prevented,
Amendment 37 #
Motion for a resolution
Recital J
Recital J
J. whereas adequate levels of transparency towards the public, investors and supervisory authorities must be restoensured,
Amendment 39 #
Motion for a resolution
Recital K
Recital K
K. whereas many of the current compensremuneration schemes reward excessive risk at the expense ofmay create incentives that reward risk over a short time horizon at the expense of longer term performance and prudence,
Amendment 44 #
Motion for a resolution
Recital L
Recital L
L. whereas conflicts of interest that may arise from the business model used by some financial institutions, credit rating agencies, and audit and law firms must be addressed and monitored,
Amendment 48 #
Motion for a resolution
Recital M
Recital M
M. whereas failures by credit rating agencies generated substantial negative externalities and market uncertainties; whereas credit rating agencies have offered unin respect of complex structured products and misconception of the meaning of ratings by market participants were factors leading to the illiquidity in the markets; whereas credit rating agencies have been too slow in achieving sufficiently comprehensive and satisfactory selfregulatory solutions,
Amendment 53 #
Motion for a resolution
Recital N
Recital N
N. whereas market integration, while generally beneficial, does not necessarily enhance financial stability and should be accompanied by an appropriately integrated approach to supervision,
Amendment 56 #
Motion for a resolution
Recital O
Recital O
O. whereas the EUglobally there is a needs for more coherent and harmonis, compatible and integrated regulation and supervision in order to mitigate the risk of future financial crises and to ensure a level playing field across borders and between regulated and unregulated market participants; whereas the EU should play a leading international role as well as reinforce consistent implementation and convergence of its own regulation and supervision,
Amendment 59 #
Motion for a resolution
Recital P
Recital P
P. whereas a comprehensive review and considered reform of current EU regulatory and supervisory arrangements is necessary together with ongoing measures to improve global supervisory cooperation; whereas such a reform should refer to the capital adequacy framework, transparency, and governance as key prerequisites for improved and effective regulatory and supervisory arrangements,
Amendment 63 #
Motion for a resolution
Recital P a (new)
Recital P a (new)
Pa. whereas the middle- to long-term goal should be to establish a European supervisory system that is similar to the European System of Central Banks (ESCB); whereas the Commission should be urged to work on proposals towards this end,
Amendment 73 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that the financial implications of the requested proposal or proposalsuggestions should be covered by EU budgetary allocationeither Member States for the establishment of any EU supervisory authorityEU budgetary allocations.
Amendment 75 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Instructs its President to forward this resolution and the accompanying detailed recommendalist of possible suggestions to the Commission, the Council and the governments and parliaments of the Member States.
Amendment 77 #
Motion for a resolution
Annex – recommendation 1 – introductory part
Annex – recommendation 1 – introductory part
The European Parliament considers that the proposals, legislative act(s) or recommendations to be adopted should aim to regulate:
Amendment 78 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – title
Annex – recommendation 1 – point 1.1 – title
Amendment 79 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – introductory part
Annex – recommendation 1 – point 1.1 – introductory part
Amendment 80 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – introductory part
Annex – recommendation 1 – point 1.1 – introductory part
Capital adequacy framework: In particularRecognising the ongoing review of Directives 2006/48/EC and 2006/49/EC promotes the following points:
Amendment 82 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point a
Annex – recommendation 1 – point 1.1 – point a
Amendment 83 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point a
Annex – recommendation 1 – point 1.1 – point a
(a) impose capital requirements on all entities operating on financial marketenhance the scope of regulatory capital requirements, including a consideration as to whether to impose capital requirements on all entities operating on financial markets taking into account the level of risk and the entity exposed, systemic impact and whether there is or can be cover through related entities or counterparties;
Amendment 87 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point b
Annex – recommendation 1 – point 1.1 – point b
Amendment 88 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point b
Annex – recommendation 1 – point 1.1 – point b
(b) strengthenenhance the resilience of the capital adequacy framework in extreme situationsto cope with financial market disruption, whilst respecting national authorities' responsibilities for crisis management;
Amendment 90 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point c
Annex – recommendation 1 – point 1.1 – point c
Amendment 91 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point c
Annex – recommendation 1 – point 1.1 – point c
(c) ensure that the rules are anti-cyclicalforce the recently implemented capital rules for excessive pro-cyclicality and if need be include further measures to counter pro-cyclical behaviour at times of stress;
Amendment 94 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point d
Annex – recommendation 1 – point 1.1 – point d
Amendment 96 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point d
Annex – recommendation 1 – point 1.1 – point d
(d) reform the framework to improve implementation of risk management and not to rely excessivelyto ensure the adequacy and appropriate use onf mathematical models and consider whether to widen the scope of stress testing of assumptions;
Amendment 98 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point e
Annex – recommendation 1 – point 1.1 – point e
Amendment 101 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point e
Annex – recommendation 1 – point 1.1 – point e
(e) require higherestablish appropriate risk weighting and capital charges for complex financial products and derivatives on the basis of the principle "same risk- same capital charge";
Amendment 103 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point f
Annex – recommendation 1 – point 1.1 – point f
Amendment 106 #
Motion for a resolution
Annex – recommendation 1 – point 1.1 – point f
Annex – recommendation 1 – point 1.1 – point f
(f) requirimprove disclosure of off-balance-sheet items, structured investment vehicles (SIVs) and any liquidity assistance facility, and require proper assessment of the risks that they pose.
Amendment 107 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – title
Annex – recommendation 1 – point 1.2 – title
Amendment 108 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point a
Annex – recommendation 1 – point 1.2 – point a
Amendment 109 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point a
Annex – recommendation 1 – point 1.2 – point a
(a) Securitisation: FosterImplement and monitor the industry led initiatives from the European Securitisation Forum to foster appropriate levels of transparency, clarity, and disclosure of underlying data (quarterly) on complex financial products and the securitisation process.
Amendment 112 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point b
Annex – recommendation 1 – point 1.2 – point b
Amendment 114 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point b
Annex – recommendation 1 – point 1.2 – point b
(b) Complex Financial Products (CFS): Require investors to develop methodologies to evaluate and monitor risk of CFS. Consistent rating terminology that clearly differentiates rating for such products should be established and ratings should reflect the vulnerability of such products toredit rating agencies should provide consistent and concise rating disclosures that clearly distinguish, where appropriate, how such products differ from other products especially in terms of volatility, complexity and vulnerability to market stress and downgrades.
Amendment 115 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point c – introductory part
Annex – recommendation 1 – point 1.2 – point c – introductory part
Amendment 116 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point c – point i
Annex – recommendation 1 – point 1.2 – point c – point i
Amendment 119 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point c – point i
Annex – recommendation 1 – point 1.2 – point c – point i
(i) require rules on secure the International Accountrol to ensureing Standards Board (IASB) review of IAS 27 and SIC-12 to ensure that material securitisation vehicles are given appropriate accounting treatment so that companies and financial institutions cannot artificially keep material special purpose vehicles or SIVs, etc. off their balance sheets;
Amendment 120 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point c - point ii
Annex – recommendation 1 – point 1.2 – point c - point ii
Amendment 123 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point c – point ii
Annex – recommendation 1 – point 1.2 – point c – point ii
(ii) requireimplement with the IASB and other competent international bodies rules on valuation and pricing standards of complex financial products in particular in the context of IAS 39.
Amendment 124 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point d
Annex – recommendation 1 – point 1.2 – point d
Amendment 127 #
Motion for a resolution
Annex – recommendation 1 – point 1.2 – point d
Annex – recommendation 1 – point 1.2 – point d
(d) Unregulated markets: RequireEstablish increased transparency of over-the-counter (OTC) markets and address major sources of systemic risk (i.e. counterparty concentration risk), e.g. by requiringwhere feasible and not detrimental to liquidity and promote initiatives for OTC trades to be cleared in clearing houses.
Amendment 128 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – title
Annex – recommendation 1 – point 1.3 – title
Amendment 129 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point a
Annex – recommendation 1 – point 1.3 – point a
Amendment 133 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point a
Annex – recommendation 1 – point 1.3 – point a
(a) Securitisation: Require originators to assess and monitor risk and retain a significant portion of the debt or mortgage backed securities originated by them on their booksEnsure and monitor the frequency with which originators and credit rating agencies reassess and monitor ongoing risk; introduce measures to align interests of originators and investors including evaluating the effect of expecting originators to retain a representative portion of the products originated by them on their books unless there are good and disclosed reasons not to.
Amendment 134 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point b
Annex – recommendation 1 – point 1.3 – point b
Amendment 135 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point b
Annex – recommendation 1 – point 1.3 – point b
(b) Remuneration schemes: Require financial institutions to disclose their remuneration policy, remuneration of individual directors, and remuneration packages for individuals other than directors and that all elements in compensation packages are expensed. Ensure that all transactions involving management can be clearly identified in the financial statements. Require prudential supervisors to include in their assessment of risk management the influence of remuneration and bonus schemes to ensure that they contain balanced incentives and do not encourage extreme risk takingEncourage Member States to implement the existing Commission Recommendation 2004/913/EC on remuneration policy.
Amendment 138 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point c
Annex – recommendation 1 – point 1.3 – point c
Amendment 140 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point c
Annex – recommendation 1 – point 1.3 – point c
(c) Corporate liability regime: Require a liability regime addressingSecure agreement from Member States to ensure national liability regime provide appropriate fines and other penalties for failure to comply with financial services legislation. E and to widen the scope of liability regimes so as to ensure that executives in financial institutions in case of omission of duties or wrongful trading can be suspended or disqualified from working in all or relevant parts of the financial sector.
Amendment 142 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point d
Annex – recommendation 1 – point 1.3 – point d
Amendment 143 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point d
Annex – recommendation 1 – point 1.3 – point d
(d) Credit rating agencies: Measures addressing e.g. conflicts of interests, quality assurance systems and oversight in a manner similar to those applicable to auditors. Ensure that credit rating agencdrawing lessons where appropriate from the oversight of auditors. Particular consideration to be given to: transparency on rating methodologies, apply differentiated symbols for the rating of complex debt products, mortgage related products and traditional debt. Ensure that full transparency is pssumptions and stress tests; for supervisors to be able to call for an' audit trail' of the originator/credit rating agency correspondence and to be notified in the event of significant concerns over models; that the securitisation and credit ractised in ratings and that credit rating agenciesng process does not result in an unjustified increase of the total value of the securitised product beyond the value of the underlying assets and do not turn sub- investments into investment grade securities, and the need for investors to develop comprehension of the products that they purchase.
Amendment 146 #
Motion for a resolution
Annex – recommendation 2 – introductory part
Annex – recommendation 2 – introductory part
The European Parliament considers that the proposals, legislative act(s) and recommendations to be adopted should aim to regulate:
Amendment 148 #
Motion for a resolution
Annex – recommendation 2 – point a
Annex – recommendation 2 – point a
(a) Financial stability and systemic risks: RequirePredicate a role for the ECB to develop databases and forward-looking scenarios and policies on macro prudential supervision and financial stability. EU supervisors and central banks shwould provide non-public and confidential up-to-date micro prudentialaggregate information to the ECB for it to fulfil this function and prevent systemic risk. The extension of the jurisdiction of the ECB in particular to non-euro area Member States would need to be on a voluntary basis.
Amendment 152 #
Motion for a resolution
Annex – recommendation 2 – point b
Annex – recommendation 2 – point b
Amendment 158 #
Motion for a resolution
Annex – recommendation 2 – point c– point i– indent 2
Annex – recommendation 2 – point c– point i– indent 2
- set up an EUissue guidance on early-intervention mechanismprocedures for dealing with weak and failing banks if the EU financial stability is threatened. Such a mechanism should be well-defined, clear, ableor confidence is threatened and having regard to prcompt action, and financed by the financial institutionsetition rules on state aid;
Amendment 162 #
Motion for a resolution
Annex – recommendation 2 – point c– point i – indent 3
Annex – recommendation 2 – point c– point i – indent 3
- facilitate the cross-border transfer of funds within a group in extreme situations, having due regard to updates of Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions1;
Amendment 165 #
Motion for a resolution
Annex – recommendation 2 – point c – point i – indent 4
Annex – recommendation 2 – point c – point i – indent 4
Amendment 169 #
Motion for a resolution
Annex – recommendation 2 – point c – point i – indent 5
Annex – recommendation 2 – point c – point i – indent 5
- set clear and binding rulfacilitate monitoring of the Memorandum of Understanding and seek updating when necessary so as to maintain clear guidelines on cross- border crisis management and; clarify state aid rules in cases of cross-border crisis;
Amendment 175 #
Motion for a resolution
Annex – recommendation 2 – point d
Annex – recommendation 2 – point d
(d) Amend EU rules on deposit guarantees to introduce obligatory ex- n analysis should be conducted in order to asses whether the current set-up of deposit guarantee schemes financed by contributions from financial ins the EU distorts competitutions and administered independ, leads to unequal treatmently of these institutions. The level of refund should be significantly increased and made available to retail clients within a clearly defined and short timeframecustomers, negative consequences on cross-border risk management or threatens the financial stability in the European Union within a clearly defined and short timeframe. The minimum level of refund could be set with reference to purchasing price parities.
Amendment 178 #
Motion for a resolution
Annex – recommendation 2 – point e
Annex – recommendation 2 – point e
Amendment 183 #
Motion for a resolution
Annex – recommendation 2 – point f
Annex – recommendation 2 – point f
Amendment 185 #
Motion for a resolution
Annex – recommendation 2 – point g
Annex – recommendation 2 – point g
Amendment 190 #
Motion for a resolution
Annex – recommendation 3 – introductory part
Annex – recommendation 3 – introductory part
The European Parliament considers that the proposals, legislative act(s) and recommendations to be adopted should aim to regulate:
Amendment 193 #
Motion for a resolution
Annex – recommendation 3 – point 3.1 – point a
Annex – recommendation 3 – point 3.1 – point a
(a) By Autumn 2008 a rlegulational proposal shall require colleges of supervisors for the [40 - 50] largest cross-border financial groups or holdings operating in the EU. The regulation should conta, including clear criteria for identifying the cross- border financial groups or holdings for which such colleges will be mandatoryshould be established.
Amendment 199 #
Motion for a resolution
Annex – recommendation 3 – point 3.1 – point b
Annex – recommendation 3 – point 3.1 – point b
(b) The colleges should be composed of representatives of the national supervisory authorities dealing with prudential supervision. The regulation should contain clear criteria for theprinciples for deciding which national supervisors that havehave the right to be represented in the mandatory colleges, taking into account the group’s market size in a Member State, volume of cross border operations, volume and value of assets to reflect the importance of the group activities and also taking into account the need to involve third country supervisors.
Amendment 201 #
Motion for a resolution
Annex – recommendation 3 – point 3.1 – point c
Annex – recommendation 3 – point 3.1 – point c
(c) The colleges should normally be chaired by the leadconsolidating supervisor from the Member State where the central administration or the main EU office of the cross border financial groups or holdings is established. The lead supervisor will host and primarily staff the secretariat. Where there is substantial third country involvement care must be taken not to cause separate parallel structures.
Amendment 202 #
Motion for a resolution
Annex – recommendation 3 – point 3.1 – point d
Annex – recommendation 3 – point 3.1 – point d
(d) RWithin the EU require collection, exchange and access to relevant information amongst the members of the college and amongst all supervisors involved and make arrangements to maximise exchange of information with third country supervisors.
Amendment 206 #
Motion for a resolution
Annex – recommendation 3 – point 3.1 – point e – introductory part
Annex – recommendation 3 – point 3.1 – point e – introductory part
(e) The colleges willWhilst it may be too early or not possible to be prescriptive about voting, guidelines for preferred operation where relevant within the EU should be for the colleges to decide and vote on the basis of a qualified majority voting (QMV) system based taking into account:
Amendment 214 #
Motion for a resolution
Annex – recommendation 3 – point 3.1 – point e a (new)
Annex – recommendation 3 – point 3.1 – point e a (new)
(ea) Proposals should take account of negotiations on the Solvency II proposal and the review of Directives 2006/48/EC and 2006/49/EC.
Amendment 218 #
Motion for a resolution
Annex – recommendation 3 - point 3.2
Annex – recommendation 3 - point 3.2
Amendment 233 #
Motion for a resolution − point a
Annex – recommendation 3 – point 3.3−
Annex – recommendation 3 – point 3.3−
(a) By Autumn 2008 a regulation shall require transforming the existing Lamfalussy Level 3 committees into a configuration of EU supervision and giving the Lamfalussy Level 3 committees the status of supervisory agencies with an executive board (similar to the Eurosystem) and appropriate staffing and resourcproposal shall provide ways to more fully implement the Lamfalussy procedures and options for the Lamfalussy Level 3 committees to be given a legal status commensurate with their duties.
Amendment 243 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point b
Annex – recommendation 3 – point 3.3 − point b
(b) In addition to the advisory tasks the supervisory agenciLamfalussy Level 3 committees shall be given the task (and the tools and resources) to ensure actively promote supervisory convergence and a level playing field in the implementation and enforcement of EU legislation.
Amendment 247 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point c
Annex – recommendation 3 – point 3.3 − point c
Amendment 253 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point d
Annex – recommendation 3 – point 3.3 − point d
(d) The supervisory agenciLamfalussy Level 3 committees should present an annual work plan. Parliament, the Council and the Commission should approve the annual work plans and reports.
Amendment 259 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point f – introductory part
Annex – recommendation 3 – point 3.3 − point f – introductory part
(f) The supervisoryLamfalussy Level 3 committees should:
Amendment 274 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point g
Annex – recommendation 3 – point 3.3 − point g
Amendment 281 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point h − introductory part
Annex – recommendation 3 – point 3.3 − point h − introductory part
Amendment 286 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point h − point i
Annex – recommendation 3 – point 3.3 − point h − point i
(i) coordinate between the agencies andwith other sectors;
Amendment 295 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 – title
Annex – recommendation 3 – point 3.4 – title
Amendment 299 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 – point a
Annex – recommendation 3 – point 3.4 – point a
Amendment 301 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 − point a
Annex – recommendation 3 – point 3.4 − point a
(a) By Autumn 2008 a regulation shall requireA proposal shall issue guidelines for establishing an EU financial stability oversight body that is able to collect and analyse microaggregated and macro prudential information with the central banks. This must be and linked to monetary and macro-economic information. The oversight body should also actmay also have a role as a rapid reaction forceadvisory body in crisis situations with a systemic impact for the EU. Any such oversight body should be integrated with global work on financial stability.
Amendment 304 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 − point b
Annex – recommendation 3 – point 3.4 − point b
Amendment 310 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 – point c – introductory part
Annex – recommendation 3 – point 3.4 – point c – introductory part
Amendment 314 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 – point c – points i to iv
Annex – recommendation 3 – point 3.4 – point c – points i to iv
Amendment 318 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 – point c – point v
Annex – recommendation 3 – point 3.4 – point c – point v
Amendment 319 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 − point c − point v
Annex – recommendation 3 – point 3.4 − point c − point v
(v) act as rapid reaction forceadvisory body in case of a threat to financial stability;
Amendment 323 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 – point c – point vi
Annex – recommendation 3 – point 3.4 – point c – point vi
Amendment 327 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 – point d
Annex – recommendation 3 – point 3.4 – point d