3 Amendments of Helmut SCHOLZ related to 2012/0244(COD)
Amendment 11 #
Proposal for a regulation
Recital 3
Recital 3
(3) In order to provide for the single supervisory mechanism, Council Regulation (EU) No …/….../...3 [127(6) Regulation] confers for a transitional phase and until all legal aspects have been thoroughly examined specific tasks on the ECB concerning policies relating to the prudential supervision of certain credit institutions in the Member States whose currency is the euro. Other Member StTaking into consideration the necessity to reduce possible threates may enter in a close cooperation with the ECB. Under that Regulation, the ECB is to coordinate and express the position of those Member States on the decisions to be taken by the Board of Supervisors of the European Banking Authority (EBA) falling withinof financial markets for the European integration process, a single supervisory mechanism should be established for the whole European Union in the close future to the extent of all possible institutional preconditions. Under that Regulation, the ECB in close cooperation with national supervisory authorities is to ensure that systemically important financial institutions (SIFIs) posing particular threats to Europe's economies apply business models which serve the scpeople of the ECB taskEurope rather than their shareholders.
Amendment 13 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3 a) At a later stage, after a thorough evaluation of the supervisory mechanism established in this transitional phase, the EU-wide prudential supervision of all credit institutions shall be fully entrusted to the EBA or to a new dedicated independent European body to be created with involvement of the national supervisory authorities as regards the harmonised implementation of the decisions taken by the European supervisory body. If necessary the legal status of the EBA shall be changed accordingly.
Amendment 19 #
Proposal for a regulation
Article 1 – paragraph 1 – point 8 a (new)
Article 1 – paragraph 1 – point 8 a (new)
8 a. In Article 81, paragraph 3 is replaced by the following: "3. Concerning the issue of direct supervision of institutions or infrastructures of EU-wide reach and taking account of market developments, the stability of the internal market and the cohesion of the Union as a whole, the Commission shall draw up an annual assessment report on the appropriate timing for proposals entrusting the Authority or a new supervisory body to be created with full and pan-European supervisory responsibilities in this area while granting this supervisory body with an independent status subject to the control of the European Parliament and of the Council. Should the EBA take over the EU-wide supervision responsibilities, the report shall determine whether Article 114 TFEU as legal basis of this Regulation establishing the Authority remains appropriate while granting the Authority with extended responsibilities and a new status and if necessary propose another legal basis."