8 Amendments of Elena BĂSESCU related to 2010/2303(INI)
Amendment 33 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Stresses that ultimate responsibility for risksetting the risk appetite and the governance lies with the board;
Amendment 35 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Believes that firms should establish an internal procedure, reviewed by the supervisor, to address conflicts which may arise between their risk management and operational units; in addition there should be an obligation for the board of directors to inform the supervisor authorities of any material risks they are aware of;
Amendment 44 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls on national supervisors to develop objective criteria for a ‘fit and proper person’ test to assess the suitability of individuals to be added to an ‘approved persons’ list for supervised functions; supervisors must perform their assessments and approvals procedure in a timely and efficient mannerEuropean Supervisory Authorities to jointly develop for capital market oriented and internationally operating financial institutions objective criteria for a ‘fit and proper person’ test to assess the suitability of individuals;
Amendment 75 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Believes that there should be a basic assumption that no person should serve on more than three boards of directors of financial institutiongroups;
Amendment 119 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. The primary purpose and objectives of audits should be defined. Stresses that an auditor's primary role should not be compromised by the burden of extra duties, such as an examination and assessment of non-audit information, which falls outside his or her area of expertise;
Amendment 128 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Believes that significant transactions above a set size, with the benchmark to be decided by ESMA, should require specific shareholder approval or be subject to a requirement to inform shareholders before the transaction can take effect, provided that the involvement of the shareholders is feasible, the principle of confidentiality is met and the daily business of the financial institution is not undermined;
Amendment 138 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Recognises that transparency is necessary with regard to substantial related party transactions and that, on the basis of a benchmark to be set by ESMA, transactions which involve a related party should be notified to the listing authority and be accompanied by a letter from an independent adviser confirming that the transaction is fair and reasonable, or should be subject to a vote by shareholders from which the related party is excluded;
Amendment 141 #
Motion for a resolution
Paragraph 29
Paragraph 29