6 Amendments of Dirk STERCKX related to 2011/2010(INI)
Amendment 21 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Welcomes the objectives, as put forward by the Commission, of any future European legislation: ensuring comprehensive and even protection for policyholders and beneficiaries, avoiding distortions of competition, ensuring cost efficiency and enhancing market confidence and stability;
Amendment 22 #
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Underlines that any new European legislation should prevent regulatory arbitrage and promote a level playing field for insurance companies operating in different Member States;
Amendment 31 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Insists that thAsks the Commission to study all impacts of alternative models of funding for national IGS be a matterfore introducing any legislative proposals, taking into account the principle of subsidiarity, and reflecting the ‘home’ country principle of supervision and the divergence of models used by existing IGS; urges the Commission against advocating an ex- ante approach to funding given the absence of compelling arguments in favour of such an approach and the disruption it could cause;
Amendment 36 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges that subsidiarity in relation to choice of ex-ante or ex-post funding models can result in competitive distortions between Member States; believes that such distortions are of secondary concern compared with ensuringequal importance to consumer and taxpayer protection and that the Commission should take a cautious, long-term approach to addressing such distortions;
Amendment 71 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recognises that market concentration issues could place strains on the ability of an IGS to absorb all policyholder claims resulting from the bankruptcy of one or a number of insurers; believes that in order to avoid taxpayer exposure to such claims it is incumbent upon the responsible ‘home’ supervisor to ensure the robustness of the national IGS, if necessary employing additional supervisory standards to account for additional risks, which may include establishing an ex-ante IGS or additional capital requirements for certain insurers; foresees an oversight role for EIOPA in coordinating market-specific stress testing by national authorities and in conducting Europe-wide stress testing of IGS, issuing recommendations where appropriate, and in conducting regular peer reviews to ensure sharing of best practice approachesrules on IGS that could lead to further strains on concentrated markets must be avoided;
Amendment 76 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Foresees an oversight role for EIOPA in coordinating market-specific stress testing by national authorities and in conducting Europe-wide stress testing of IGS, issuing recommendations where appropriate, and in conducting regular peer reviews to ensure sharing of best practice approaches;