Leonardo DOMENICI
Constituencies
-
Italy
Partito Democratico
2009/07/14 - 9999/12/31
Groups
-
S&D
Member
Group of the Progressive Alliance of Socialists and Democrats in the European Parliament
2009/07/14 - 9999/12/31
Committees
| Role | Committee | Start | End |
|---|---|---|---|
| Member of | Committee on Economic and Monetary Affairs | 2012/01/19 | 9999/12/31 |
| Substitute of | Committee on Regional Development | 2012/01/19 | 9999/12/31 |
Show earlier commitees...
Delegations
| Role | Delegation | Start | End |
|---|---|---|---|
| Member of | Delegation to the EU-Russia Parliamentary Cooperation Committee | 2009/09/16 | 9999/12/31 |
Contact
Online
- Homepage
- http://www.leonardodomenici.eu
- [javascript protected email address]
Brussels
- Phone
- +322 28 45522
- Fax
- +322 28 49522
- Office
- Bât. Altiero Spinelli 15G218
- Full Address
-
- City
- Bruxelles/Brussel
- Zip
- B-1047
- Street
- 60, rue Wiertz / Wiertzstraat 60
Strasbourg
- Phone
- +333 88 1 75522
- Fax
- +333 88 1 79522
- Office
- Bât. Louise Weiss T06131
- Full Address
-
- City
- Strasbourg
- Zip
- CS 91024 - F-67070
- Street
- 1, avenue du Président Robert Schuman
Postal
- Parlamento europeo
- Rue Wiertz
- Altiero Spinelli 15G218
- B-1047 Bruxelles
Rapporteur
| Shadow | 2013/2047(INI) | Recovery and resolution framework for non-bank institutions |
| Responsible | 2011/0361(COD) | Credit rating agencies: integrity, transparency, responsibility, good governance and reliability of activities |
| Responsible | 2011/0360(COD) | Undertakings of collective investment in transferable securities (UCITS) and Alternative Investment Funds Managers: risk management |
| Responsible | 2009/2174(INI) | Promoting good governance in tax matters |
Born
1955/07/12 Firenze- Degree in moral philosophy from the Faculty of literature and philosophy, University of Florence (1988).
- Secretary of the Florence federation of the Democratic Party of the Left (PDS) (1991-1994); member of the PDS national leadership (1991-1998); national coordinator for PDS and DS local authorities (1996-1999); member of the national secretariat of the Democrats of the Left (DS) (1998-1999); member of the '45 Committee', responsible for the founding of the Democratic Party (PD) (2007); member of the PD national assembly and leadership (since 2007).
- Member of Florence city council (1990-1995); Mayor of Florence (1999-2009); national coordinator for PDS and DS local authorities (1996-1999); Chairman of ANCI, the national association of Italian municipalities (2000-2009); Chairman of the delegation of Italian municipalities to the Unified Conference of the government and local and regional authorities (2000-2009).
- Member of the Italian Chamber of Deputies; member of the Committee on production activities (1994-1996); member of the Italian Chamber of Deputies; member of the Committee on constitutional affairs (1996-1999);
- Member of the Bureau of the Committee of the Regions (2008-2009).
- President of the Cittalia Foundation for research and studies (since 2008).
Amendments
| Amendments | Dossier |
| 1 |
2009/0064(COD) Alternative Investment Fund Managers
2010/12/02
ECON
1 amendments...
Amendment 309 #
Proposal for a directive Recital 29 (29) Since the objectives of th
source: PE-439.111
|
| 16 |
2009/0140(COD) European Systemic Risk Board ESRB: establishment; macro-prudential oversight of the financial system
2010/03/19
ECON
16 amendments...
Amendment 89 #
Proposal for a regulation Recital 5 (5) In its Communication entitled “European Financial Supervision” of 27 May 2009 , the Commission set out a series of reforms to the current arrangements for safeguarding financial stability at the EU level, notably including the creation of a European Systemic Risk Board (ESRB) responsible for macro- prudential oversight. The Council on 9 June 2009 and the European Council at its meeting of 18 and 19 June supported the view of the Commission and welcomed the Commission’s intention to bring forward legislative proposals so that the new framework is in place in the course of 2010. In line with the views of the Commission, it concluded inter alia that the ECB “should provide analytical, statistical, administrative and logistical support to the ESRB, also drawing on technical advice from national
Amendment 94 #
Proposal for a regulation Recital 8 (8) The ESRB should, where appropriate, issue warnings and recommendations of a general nature concerning the Community as a whole, individual Member States or groups of Member States, with a specified timeline for the relevant policy response. Where appropriate, the ESRB should declare the existence of an emergency situation and trigger the intervention of the European Supervisory Authorities.
Amendment 101 #
Proposal for a regulation Recital 9 (9) In order to increase their weight and legitimacy, such warnings and recommendations should be transmitted
Amendment 104 #
Proposal for a regulation Recital 10 (10) The ESRB should also monitor compliance with its recommendations, based on reports from addressees, in order to ensure that its warnings and recommendations are effectively followed. Addressees of recommendations should a
Amendment 114 #
Proposal for a regulation Article 1 – paragraph 1 a (new) 1a. The ESFS shall comprise: (a) the ESRB; (b) the European Supervisory Authority (Securities and Markets) established by Regulation (EU) No .../2010 (ESMA); (c) the European Supervisory Authority (Insurance and Occupational Pensions) established by Regulation (EU) No …/2010 (EIOPA); (d) the European Supervisory Authority (Banking) established by Regulation (EU) No …/2010 (EBA); (e) the European Supervisory Authority (Joint Committee ) provided for by Article 40 of each of Regulation (EU) No …/… [EBA], No .../... [ESMA], No …/…[EIOPA]; (f) the authorities in the Member States as specified in Article 1(2) of Regulation (EU) No .../... [ESMA], Article 1(2) of Regulation (EU) No …/2009 [EIOPA] and Article 1(2) of Regulation (EU) No …/… [EBA]; (g) the Commission, for the purposes of carrying out the tasks referred to in Articles 7 and 9 of Regulations (EU) No.../...[EBA], No .../... [ESMA] and No …/…[EIOPA]; The ESAs referred to in points (b), (c) and (d) shall have their seat in Frankfurt.
Amendment 124 #
Proposal for a regulation Article 3 – paragraph 2 – point c (c) issue warnings where risks are deemed to be significant and, where appropriate, declare the existence of an emergency situation;
Amendment 159 #
Proposal for a regulation Article 10 – paragraph 1 1.
Amendment 192 #
Proposal for a regulation Article 12 – paragraph 4 a (new) 4a. In order to provide advice and assistance on substance issues relevant to the work of the ESRB, the Advisory Scientific Committee shall work closely with the experts' working groups of the ESCB.
Amendment 196 #
Proposal for a regulation Article 13 In performing its tasks, the ESRB shall seek, where appropriate, the
Amendment 199 #
Proposal for a regulation Article 15 – paragraph 3 3.
Amendment 208 #
Proposal for a regulation Article 15 – paragraph 5 a (new) 5a. Staff of the ESRB may attend, together with staff of the ESAs, meetings between supervisors and the systemically important financial groups, in particular the colleges of supervisors, and may ask questions and receive first-hand relevant information.
Amendment 219 #
Proposal for a regulation Article 16 – paragraph 3 3. The warnings or recommendations shall also be transmitted to the addressees in accordance with paragraph 2, to the Council and, where addressed to one or more national supervisory authority, to the European Supervisory Authorities.
Amendment 221 #
Proposal for a regulation Article 16 a (new) Article 16a Action in emergency situations 1. In the event of adverse developments which may seriously jeopardise the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the European Union, the ESRB in accordance with point (b) of Article 3(2) and Article 10 of each of Regulation (EU) No …/… [EBA], No .../... [ESMA], No …/…[EIOPA], may issue warnings, on its own initiative or following a request by an ESA, the European Parliament, the Council or the Commission, declaring the existence of an emergency situation. 2. As soon as it issues a warning, the ESRB shall simultaneously notify the European Parliament, the Council, the Commission and the European Supervisory Authority. 3. The ESRB shall review the warning referred to in paragraph 1 upon its own initiative or following a request by a European Supervisory Authority, the Council, the European Parliament or the Commission.
Amendment 225 #
Proposal for a regulation Article 16 a (new) Article 16a Action in emergency situations 1. In the case of adverse developments which may seriously jeopardise the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the European Union, the ESRB in accordance with point b of Article 3(2) may issue warnings, upon its own initiative or following a request by an Authority, the Council, the European Parliament or the Commission, and, where appropriate, declare the existence of an emergency situation. 2. A soon as it issues a warning the ESRB shall simultaneously notify the European Parliament, the Council, the Commission and the European Supervisory Authority.
Amendment 228 #
Proposal for a regulation Article 17 – paragraph 1 1. Where a recommendation referred to in
Amendment 231 #
Proposal for a regulation Article 17 – paragraph 2 2. If the ESRB decides that its recommendation has not been followed
source: PE-439.845
|
| 25 |
2009/0142(COD) European Banking Authority EBA: establishment (amend. Decision No 716/2009/EC)
2010/03/26
ECON
9 amendments...
Amendment 195 #
Proposal for a regulation Recital 14 (14) There is a need to introduce an effective instrument to establish harmonised technical standards in financial services to ensure, also through a single rulebook, a level playing field and an adequate protection of depositors, investors and consumers across Europe. As a body with highly specialised expertise, it is efficient and appropriate to entrust the Authority, in areas defined by Community law, with the elaboration of draft technical standards, which do not involve policy choices. The Commission should endorse those draft technical standards in accordance with Community law in order to give them binding legal effect. The draft technical standards have to be adopted by the Commission. They
Amendment 212 #
Proposal for a regulation Recital 21 (21) Serious threats to the orderly functioning and integrity of financial markets or the stability of the financial system in the Community require a swift and concerted response at Community level. The Authority should therefore be able to require national supervisory authorities to take specific actions to remedy an emergency situation.
Amendment 219 #
Proposal for a regulation Recital 22 (22) In order to ensure efficient and effective supervision and a balanced consideration of the positions of the competent authorities in different Member States, the Authority should be able to settle disagreements between those competent authorities with binding effect, including within colleges of supervisors. A conciliation phase should be provided for, during which the competent authorities may reach an agreement. The Authority’s competence should cover disagreements on procedural obligations in the cooperation process as well as on the interpretation and application of
Amendment 256 #
Proposal for a regulation Recital 34 a (new) (34a) Within three years from the entry into force of that Regulation, clear and sound guidance on when the safeguard clause may and may not be triggered by Member States shall be laid down at EU level by the Commission on the basis of the experience acquired. The use of the safeguard clause shall then be assessed against that guidance.
Amendment 366 #
Proposal for a regulation Article 7 – paragraph 1 – subparagraph 2 Before submitting them to the Commission, the Authority shall
Amendment 374 #
Proposal for a regulation Article 7 – paragraph 1 – subparagraph 4 Where the Commission
Amendment 383 #
Proposal for a regulation Article 7 – paragraph 1 – subparagraph 4 a (new) Within a period of 6 weeks, the Authority shall amend the draft standards duly taking into account the Commission’s concerns.
Amendment 787 #
Proposal for a regulation Article 66 – paragraph 1 – subparagraph 1 1. Within three years from the date set out in the second paragraph of Article 67 and every three years thereafter, the Commission shall examine this Regulation, and in particular the functioning of Article 23, and publish a general report on the experience acquired as a result of the operation of the Authority and the procedures laid down in this Regulation.
Amendment 793 #
Proposal for a regulation Article 66 – paragraph 1 – subparagraph 2 That report shall also evaluate progress achieved towards regulatory and supervisory convergence in the fields of crisis management and resolution in the Community and shall submit a report to the Parliament and the Council together with any appropriate proposals to amend this Regulation. The evaluation shall be based on extensive consultation, including with the Banking Stakeholder Group.
source: PE-439.457
2010/04/15
ECON
16 amendments...
Amendment 414 #
Proposal for a regulation Article 9 – paragraph 1 1. Where a competent authority has not correctly applied the legislation referred to in Article 1(2), including the technical standards adopted in accordance with Article 7, in particular by failing to ensure that a financial institution satisfies the requirements laid down in that legislation, the Authority shall have the powers set out in paragraphs 2, 3 and 6 of this Article.
Amendment 421 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 1 4. Where the competent authority has not complied with Community law within
Amendment 423 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 2 The
Amendment 425 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 3 The
Amendment 426 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 4 The
Amendment 428 #
Proposal for a regulation Article 9 – paragraph 5 5. The competent authority shall, within ten working days of receipt of the decision referred to in paragraph 4, inform the Commission and the Authority of the steps it has taken or intends to take to implement the
Amendment 433 #
Proposal for a regulation Article 9 – paragraph 6 – subparagraph 1 6. Without prejudice to the powers of the Commission under Article 2
Amendment 436 #
Proposal for a regulation Article 9 – paragraph 6 – subparagraph 2 The decision of the Authority shall be in conformity with the decision adopted
Amendment 438 #
Proposal for a regulation Article 9 – paragraph 7 – subparagraph 1 a (new) Decisions adopted under paragraph 6 are applicable, if the case be, to all relevant financial institutions which are active in the non-complying jurisdiction.
Amendment 441 #
Proposal for a regulation Article 9 – paragraph 7 – subparagraph 2 Amendment 450 #
Proposal for a regulation Article 10 – paragraph 1 1. In the case of adverse developments which may seriously jeopardise the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the Community, the
Amendment 465 #
Proposal for a regulation Article 10 – paragraph 2 2. Where the
Amendment 478 #
Proposal for a regulation Article 10 – paragraph 3 3. Without prejudice to the powers of the Commission under Article 2
Amendment 481 #
Proposal for a regulation Article 10 – paragraph 4 – subparagraph 2 Any action by the competent authorities in relation to facts which are subject to a decision pursuant to paragraph 2 or 3 shall be comp
Amendment 494 #
Proposal for a regulation Article 11 – paragraph 3 3. If, at the end of the conciliation phase, the competent authorities concerned have failed to reach an agreement, the Authority may take a decision requiring them to take specific action or to refrain from action in order to settle the matter,
Amendment 505 #
Proposal for a regulation Article 12 a (new) source: PE-440.017
|
| 19 |
2009/0143(COD) European Insurance and Occupational Pensions Authority EIOPA: establisment (amend. Decision No 716/2009/EC)
2010/03/23
ECON
19 amendments...
Amendment 244 #
Proposal for a regulation Article 7 – paragraph 1 – subparagraph 2 Before submitting them to the Commission, the Authority shall
Amendment 248 #
Proposal for a regulation Article 7 – paragraph 1 – subparagraph 4 Where the Commission
Amendment 278 #
Proposal for a regulation Article 9 – paragraph 1 1. Where a national supervisory authority has not correctly applied the legislation referred to in Article 1(2), including the technical standards adopted in accordance with Article 7, in particular by failing to ensure that a financial institution satisfies the requirements laid down in that legislation, the Authority shall have the powers set out in paragraphs 2, 3 and 6 of this Article.
Amendment 280 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 1 4. Where the national supervisory authority has not complied with
Amendment 283 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 2 The
Amendment 285 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 3 The
Amendment 287 #
Proposal for a regulation Article 9 – paragraph 4 – subparagraph 4 The
Amendment 290 #
Proposal for a regulation Article 9 – paragraph 5 5. The national supervisory authority shall, within ten working days of receipt of the decision referred to in paragraph 4, inform the Commission and the Authority of the steps it has taken or intends to take to implement the
Amendment 294 #
Proposal for a regulation Article 9 – paragraph 6 – subparagraph 1 6. Without prejudice to the powers of the Commission under Article 2
Amendment 298 #
Proposal for a regulation Article 9 – paragraph 6 – subparagraph 2 The decision of the Authority shall be in conformity with the decision adopted
Amendment 301 #
Proposal for a regulation Article 9 – paragraph 7 – subparagraph 1 a (new) 7a. Decisions adopted under paragraph 6 shall, where appropriate, be applicable to all relevant financial institutions which are active in the non-complying jurisdiction.
Amendment 303 #
Proposal for a regulation Article 9 – paragraph 7 – subparagraph 2 Amendment 307 #
Proposal for a regulation Article 10 1. In the case of adverse developments which may seriously jeopardise the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the
Amendment 316 #
Proposal for a regulation Article 10 – paragraph 2 2. Where the
Amendment 328 #
Proposal for a regulation Article 10 – paragraph 3 3. Without prejudice to the powers of the Commission under Article 2
Amendment 333 #
Proposal for a regulation Article 10 – paragraph 4 – subparagraph 2 Any action by the
Amendment 351 #
Proposal for a regulation Article 11 – paragraph 3 3. If, at the end of the conciliation phase, the national supervisory authorities concerned have failed to reach an agreement, the Authority may take a decision requiring them to take specific action or to refrain from action in order to settle the matter,
Amendment 566 #
Proposal for a regulation Article 66 – paragraph 1 – subparagraph 1 1. Within three years from the date set out in the second paragraph of Article 67 and every three years thereafter, the Commission shall examine this Regulation, and in particular the functioning of Article 23, and publish a general report on the experience acquired as a result of the operation of the Authority and the procedures laid down in this Regulation.
Amendment 569 #
Proposal for a regulation Article 66 – paragraph 1 – subparagraph 2 That report shall also evaluate progress achieved towards regulatory and supervisory convergence in the fields of crisis management and resolution in the Community and shall submit a report to the Parliament and the Council together with any appropriate proposals to amend this Regulation. The evaluation shall be based on extensive consultation, including with the Insurance, Reinsurance and Occupational Pension Funds Stakeholder Group.
source: PE-439.921
|
| 4 |
2009/0161(COD) Financial supervision: powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority (amend. Directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC, 2005/60/EC, 2006/48/EC, 2006/49/EC and 2009/65/EC)
2010/03/19
ECON
4 amendments...
Amendment 370 #
Proposal for a directive – amending act Recital 4 (4) The European Council, in its conclusions of 19 June 2009, recommended that a European System of Financial Supervisors, comprising three new European Supervisory Authorities, be established. The system should be aimed at upgrading the quality and consistency of national supervision, strengthening oversight of cross border groups
Amendment 449 #
Proposal for a directive – amending act Article 9 – point 22 Directive 2006/48/EC Article 124 – paragraph 6 – first subparagraph 6. In order to ensure uniform application of this Article, the European Banking Authority shall develop draft technical standards to determine the conditions of application of this Article and a common risk assessment procedure and methodology. The Authority shall submit those draft technical standards to the Commission by 1 January 2014.
Amendment 453 #
Proposal for a directive – amending act Article 9 – point 22 c (new) Directive 2006/48/EC Article 129 – paragraph 1 – subparagraph 1 a (new) (22c) In Article 129(1), the following subparagraph is inserted after the first subparagraph: "Where any competent authority concerned has referred a matter referred to in points (a), (b) and (c) of the first subparagraph to the European Banking Authority in accordance with Article 11 of Regulation .../...[EBA], that competent authority shall await the decision of the European Banking Authority, and shall take its decision in conformity with the decision of the European Banking Authority."
Amendment 457 #
Proposal for a directive – amending act Article 9 – point 22 d (new) Directive 2006/48/EC Article 129 – paragraph 1 – subparagraph 1 b (new) (22d) In Article 129(1), the following subparagraph is added after subparagraph 1 a: "To ensure uniform application of this Article, the European Banking Authority shall develop draft technical standards and guidelines to determine the conditions of the coordination and cooperation process with regard to the application of Articles 22, 123 and 124."
source: PE-439.899
|
| 12 |
2009/2174(INI) Promoting good governance in tax matters
2009/11/17
ECON
12 amendments...
Amendment 4 #
Motion for a resolution Recital A a (new) Aa. whereas the lack of good governance in tax matters encourages tax fraud and tax evasion and has serious consequences for Member States’ budgets and the European Union’s resource system, corresponding to 2.5 % of the European Union’s GDP per annum; whereas this leads to violations of the principle of fair and transparent taxation; whereas honest businesses are at a competitive disadvantage because of tax fraud; and whereas the loss of tax revenue due to tax fraud is ultimately met by taxpaying citizens of the European Union through other forms of taxation,
Amendment 13 #
Motion for a resolution Recital D a (new) Da. whereas, according to some estimates, tax fraud across all tax systems in the European Union amounts to more than EUR 200 billion a year, which represents more than 2 % of the European Union’s GDP; whereas the economic recovery plan proposed by the Commission to combat the consequences of the financial crisis amounts to around 1 % of the European Union’s GDP, which shows that the fight against tax fraud is clearly a major economic issue; whereas good governance in tax matters should result in more resources being made available to Member States and to developing countries in order to reach the Millennium Development Goals,
Amendment 17 #
Motion for a resolution Recital G G. whereas tax governance is an important pre-condition for preserving the integrity of financial markets, for maintaining favourable conditions for fair competition, and for enhancing the functioning of the internal market; whereas the financial crisis has shed new light on the consequences of the lack of good tax governance, showing the risks associated with opaque jurisdictions
Amendment 19 #
Motion for a resolution Recital H a (new) Ha. whereas there is evidence that the financial crisis was driven by new types of complex financial instruments and derivatives placed, to a large extent, in funds domiciled in secrecy jurisdictions; whereas that evidence shows that many financial institutions involved in the financial crisis had off-balance-sheet liabilities in their accounts which were located in tax havens,
Amendment 22 #
Motion for a resolution Paragraph 1 1. Considers
Amendment 26 #
Motion for a resolution Paragraph 2 2. Recalls that the Parliament has delivered its
Amendment 31 #
Motion for a resolution Paragraph 4 a (new) 4a. Recalls that VAT-related tax fraud is a matter of particular concern for the functioning of the internal market in so far as it has a direct cross-border impact, involves substantial amounts of lost revenue and directly affects the EU budget; urges the Council to adopt a directive on administrative cooperation in the field of taxation and to fight fraud in the area of VAT, taking due account of Parliament’s position;
Amendment 32 #
Motion for a resolution Paragraph 5 a (new) 5a. Calls for increased cooperation, such as the automatic exchange of information between countries, so as to ease the recovery of capital flow abroad via illegal activity to the detriment of the internal market;
Amendment 45 #
Motion for a resolution Paragraph 11 11. Considers that the EU should actively promote the improvement of the OECD standards, with the aim of making the automatic, multilateral exchange of information the global standard; urges the EU, furthermore, to adopt
Amendment 48 #
Motion for a resolution Paragraph 13 13. Urges the EU to implement a consistent approach to good tax governance in the context of the European Neighbourhood Policy, the enlargement policy and the development cooperation policy; stresses that the tax governance policy should actively contribute to building sustainable and transparent tax systems in developing countries, in particular with a view to eradicating tax fraud, which leads to an annual loss of tax revenue corresponding to 10 times the amount of injected development aid from the developed countries; considers that an appropriate level of resources must be allocated to reach that objective; recalls that tax governance will ultimately attract investment in so far as it contributes to legal tax certainty, transparency and stability;
Amendment 51 #
Motion for a resolution Paragraph 14 14. Emphasises the need for Member States to coordinate their policies in order to reinforce the implementation of anti- avoidance rules; calls furthermore for increased Member State cooperation in implementing anti-amnesty programmes and in tackling ‘forum-shopping’ practices;
Amendment 58 #
Motion for a resolution Paragraph 16 16. Urges the EU to examine a range of options for sanctions and incentives to promote good tax governance such as a special levy on all movements to or from non-cooperative jurisdictions, the non- recognition, within the EU, of the legal status of companies set up in non- cooperative jurisdictions and the prohibition for EU financial institutions to establish or maintain subsidiaries and branches in non-cooperative jurisdictions; calls for the introduction of a financial transaction tax so as to reduce speculation and increase efforts towards the tackling of tax havens with the aim of establishing sound long-term financial stability;
source: PE-430.689
|
| 1 |
2010/0207(COD) Deposit Guarantee Schemes. Recast
2011/05/04
ECON
1 amendments...
Amendment 276 #
Proposal for a directive Article 11 – paragraph 1 1. The contributions to Deposit Guarantee Schemes referred to in Article 9 shall be determined for each member on the basis of the degree of risk incurred by it. Credit institutions shall not pay less than 75% or more than 200% of the amount that a bank with an average risk would have to contribute. Member States may decide that members of Schemes referred to in Article 1(3) and (4) pay lower contributions to Deposit Guarantee Schemes but not less than 3
source: PE-460.968
|
| 88 |
2010/0250(COD) Financial markets: OTC derivatives, central counterparties and trade repositories
2011/03/30
ECON
88 amendments...
Amendment 222 #
Proposal for a regulation Recital 53 a (new) (53 a) To ensure coherent and effective legislation and due to the close links between trading and post-trading, this regulation should be aligned with the Markets in Financial Instruments Directive (MiFID). MiFID will determine the appropriate trading venue requirements to be imposed on the venues on which OTC derivatives as defined in EMIR, are executed. These requirements may include transparency, access, order execution, surveillance, robustness and system safety as well as other necessary requirements.
Amendment 223 #
Proposal for a regulation Recital 53 b (new) (53 b) The rise in price volatility on food and agricultural markets calls for the adoption of an appropriate regulatory framework for commodity markets. The Commission shall address these concerns in the incoming reviews of the Market in Financial Instruments Directive and the Market Abuse Directive in which the Commission shall provide for stringent reporting obligations and other appropriate requirements to prevent systemic risks and manipulative practices, including margin requirements, position limits and punitive disgorgement of profit.
Amendment 224 #
Proposal for a regulation Recital 53 c (new) (53 c) The sale of complex derivative products to local public authorities calls for special attention. The Commission shall include specific proposals in the incoming review of the Market in Financial Instruments Directive to address this concern. These proposals will include specific due diligence, information and disclosure requirements.
Amendment 230 #
Proposal for a regulation Article 1 – paragraph 1 a (new) 1 a. Articles 3 through 5 shall not apply to derivative contracts executed on a regulated market or on a multilateral trading venue provided that such contracts are cleared by a CCP. This is without prejudice to the clearing obligation applying to the same contracts when executed OTC.
Amendment 246 #
Proposal for a regulation Article 2 – paragraph 1 – point 3 (3) ’clearing' means the process
Amendment 250 #
Proposal for a regulation Article 2 – paragraph 1 – point 4 (4) ’class of derivatives' means a
Amendment 256 #
Proposal for a regulation Article 2 – paragraph 1 – point 5 (5) ’over the counter (OTC) derivatives' means derivative contracts whose execution does not take place on a regulated market as defined by Article 4 (1) point 14 of Directive 2004/39/EC or on any other organised trading venue established under Directive 2004/109/EC;
Amendment 272 #
Proposal for a regulation Article 2 – paragraph 1 – point 12 (12) ’client' means an undertaking with a direct or indirect contractual relationship with a clearing member or one of its affiliates which enables that undertaking to clear
Amendment 283 #
Proposal for a regulation Article 2 – paragraph 1 – point 22 b (new) (22 b) ‘trade compression’ means the process of legally substituting a given set of derivative contracts with a different set of contracts characterised, from the perspective of each participant to the process, by: a) lower number of contracts and aggregated notional value; and b) the same or a similar risk profile as the original set of derivative contracts;
Amendment 284 #
Proposal for a regulation Article 2 – paragraph 1 – point 22 a (new) (22 a) ‘occupational pension scheme" means either an institution for occupational retirement provision as defined in Directive 2003/41/EC or an arrangement where the provisions of national law accord particular benefits to the client in relation to the product by virtue of its use for the purposes of retirement planning.
Amendment 286 #
Proposal for a regulation Article 2 – paragraph 1 – point 22 c (new) (22 c) 'acting in concert' means acting in concert as defined in Article 10 (a) of Directive 2004/109/EC
Amendment 287 #
Proposal for a regulation Article 2 – paragraph 1 – point 22 d (new) (22 d) 'haircuts' means (…)
Amendment 295 #
Proposal for a regulation Article 3 – paragraph 1 – subparagraph 1 a (new) That clearing obligation shall apply to all OTC derivative contracts that are classified as eligible for the clearing obligation following publication of the ESMA decision pursuant to Article 4(2)a.
Amendment 318 #
Proposal for a regulation Article 3 – paragraph 2 – subparagraph 1 (new) When complying with the clearing obligation under paragraph 1, clearing members shall distinguish in separate accounts with the CCP the positions of each client. Clients shall be known to the CCP.
Amendment 323 #
Proposal for a regulation Article 3 – paragraph 2 a (new) 2 a. Derivative contracts used for the purposes of risk mitigation by occupational pension schemes shall be excluded from the clearing obligation set out in Article 3.
Amendment 400 #
Proposal for a regulation Article 5 – paragraph 1 A CCP that has been authorised to clear eligible OTC derivative contracts shall accept clearing such contracts on a non- discriminatory basis, regardless of the venue of execution subject to the application by the CCP of its membership, risk management, operational, technical and legal requirements.
Amendment 415 #
Proposal for a regulation Article 6 – paragraph 1 – subparagraph 1 Amendment 423 #
Proposal for a regulation Article 6 – paragraph 1 – subparagraph 1 a (new) The reporting obligations under subparagraph 1 shall be satisfied by the CCP where the derivative contracts subject to the clearing obligation are cleared. When derivative contracts are subject to a process of trade compression, the reporting obligations under subparagraph 1 shall be satisfied by the operator of the trade compression service.
Amendment 435 #
Proposal for a regulation Article 6 – paragraph 2 – subparagraph 1 Where a trade repository is not able to record the details of a
Amendment 439 #
Proposal for a regulation Article 6 – paragraph 2 – subparagraph 2 The details to be reported to
Amendment 441 #
Proposal for a regulation Article 6 – paragraph 3 – subparagraph 1 A counterparty which is subject to the reporting obligation may delegate the reporting of the details of the
Amendment 452 #
Proposal for a regulation Article 6 – paragraph 4 – subparagraph 2 – point a (a) the parties to the contract and,
Amendment 468 #
Proposal for a regulation Article 7 – paragraph 1 – subparagraph 1 Where a non-financial counterparty takes net positions in
Amendment 483 #
Proposal for a regulation Article 7 – paragraph 3 – subparagraph 1 Powers are delegated to the Commission to adopt regulatory technical standards specifying
Amendment 497 #
Proposal for a regulation Article 7 – paragraph 3 – subparagraph 2 Th
Amendment 508 #
Proposal for a regulation Article 7 – paragraph 4 4. In calculating the positions referred to in
Amendment 515 #
Proposal for a regulation Article 7 – paragraph 5 5. The Commission, in consultation with ESMA, ESRB and other relevant authorities, shall periodically review the threshold
Amendment 521 #
Proposal for a regulation Article 8 – paragraph 1 – subparagraph 1 – point a (a)
Amendment 523 #
Proposal for a regulation Article 8 – paragraph 1 – subparagraph 1 – point b (b) standardised processes which are robust, resilient and auditable
Amendment 539 #
Proposal for a regulation Article 9 – paragraph 1 1. Based on guidelines adopted by ESA (ESMA) and taking into consideration the Commission's Communication on reinforcing sanctioning regimes in the financial sector, Member States shall lay down the rules on penalties applicable to infringements of the rules under this Title and shall take all measures necessary to ensure that they are implemented. Those penalties shall include at least administrative fines. The penalties provided for shall be effective, proportionate and dissuasive.
Amendment 544 #
Proposal for a regulation Article 9 – paragraph 3 3. The Commission, with the assistance of ESMA, shall verify that the administrative penalties referred to in paragraph 1 and the threshold
Amendment 553 #
Proposal for a regulation Article 10 – paragraph 3 3. The authorisation
Amendment 560 #
Proposal for a regulation Article 12 – paragraph 1 1. A CCP shall have a permanent, available and separate initial capital of at least EUR 15 million to be authorised pursuant to Article 10.
Amendment 571 #
Proposal for a regulation Article 13 – paragraph 1 1. The competent authority shall only grant authorisation where it is fully satisfied that the applicant CCP complies with all the requirements set out in this Regulation, the requirements adopted pursuant to Directive 98/26/EC, and following the
Amendment 572 #
Proposal for a regulation Article 13 – paragraph 2 2. The applicant CCP shall provide all information, necessary to enable the competent authority to satisfy itself that the applicant CCP has established, at the time of initial authorisation, all the necessary arrangements to meet its obligations set out in this Regulation. The competent authority shall immediately transmit all information received from the applicant CCP to ESMA and the College.
Amendment 577 #
Proposal for a regulation Article 14 – paragraph 1 – subparagraph 1 The competent authority of the
Amendment 579 #
Proposal for a regulation Article 14 – paragraph 1 – subparagraph 2 – introductory part The college shall
Amendment 582 #
Proposal for a regulation Article 14 – paragraph 1 – subparagraph 2 – point c Amendment 584 #
Proposal for a regulation Article 14 – paragraph 1 – subparagraph 2 – point d Amendment 586 #
Proposal for a regulation Article 14 – paragraph 1 – subparagraph 2 – point e Amendment 590 #
Proposal for a regulation Article 14 – paragraph 2 – point a (a) the preparation of the
Amendment 595 #
Proposal for a regulation Article 14 – paragraph 3 – subparagraph 1 The establishment and functioning of the college shall be based on a written agreement between among all its members.
Amendment 603 #
Proposal for a regulation Article 15 – paragraph 1 – subparagraph 1 The competent authority of the Member State where the CCP is established shall conduct a risk assessment of the CCP and submit a report to the college within four months of the submission after having received the application by the CCP.
Amendment 608 #
Proposal for a regulation Article 15 – paragraph 2 2. ESMA shall facilitate the adoption of
Amendment 611 #
Proposal for a regulation Article 15 – paragraph 2 a (new) 2 a. The college shall look to form its opinion on the basis of consensus otherwise it should reach its opinion on the basis of a majority of its members.
Amendment 614 #
Proposal for a regulation Article 16 – paragraph 1 – point d (d) has seriously and
Amendment 621 #
Proposal for a regulation Article 17 – paragraph 2 a (new) The CCP shall be subject to on-site inspections by ESMA
Amendment 628 #
Proposal for a regulation Article 19 – paragraph 1 1. Competent authorities shall cooperate closely with each other and with ESMA. ESMA shall be provided with adequate resources by the European Institutions in order to effectively perform the tasks it is allocated in this Regulation.
Amendment 630 #
Proposal for a regulation Article 20 – paragraph 1 – subparagraph 2 No confidential information they may receive in the course of their duties may be divulged to any person or authority whatsoever, except in summary or aggregate form such that an individual CCP, trade repository or any other person cannot be identified, without prejudice to cases covered by criminal law or taxation law or the other provisions of this Regulation.
Amendment 644 #
Proposal for a regulation Article 23 – paragraph 1 1. A CCP established in a third country may provide clearing services to entities established in the Union only where that CCP is recognised by ESMA. Third- country CCPs shall be subject to review by a process of similar rigueur to the one EU CCPs are subject to.
Amendment 651 #
Proposal for a regulation Article 23 – paragraph 2 – point b a (new) (b a) the third country is subject of a decision by the Commission stating that the standards to prevent money laundering and terrorist financing meet the Financial Action Task Force requirements and are to the same effect as the requirements set out in Directive 2005/60/EC.
Amendment 652 #
Proposal for a regulation Article 23 – paragraph 2 – point b b (new) (b b) the third country has signed an agreement with the home Member State of the authorised CCP which fully complies with the standards laid down in Article 26 of the OECD Model Tax Convention and ensures an effective exchange of information in tax matters, including, if any, multilateral tax agreements.
Amendment 656 #
Proposal for a regulation Article 23 – paragraph 2 – point c a (new) (c a) it has sufficient elements to consider that the third country's legal framework is not discriminatory vis-à-vis EU legal entities.
Amendment 667 #
Proposal for a regulation Article 23 – paragraph 4 – point b a (new) (b a) the procedures relating to the withdrawal of the authorisation granted to the CCP.
Amendment 681 #
Proposal for a regulation Article 25 – paragraph 2 – subparagraph 1 A CCP shall have a board of which at least one
Amendment 683 #
Proposal for a regulation Article 25 – paragraph 2 – subparagraph 2 The members of the board, including its independent members, shall be of sufficiently good repute and have
Amendment 688 #
Proposal for a regulation Article 26 – paragraph 1 1. A CCP shall establish a risk committee, which shall be composed of
Amendment 692 #
Proposal for a regulation Article 26 – paragraph 2 2. A CCP shall clearly determine the mandate, the governance arrangements to ensure its independence, the operational procedures, the admission criteria and the election mechanism for risk committee members. The governance arrangements shall be publicly available and shall, at least, determine that the risk committee is chaired by an independent member
Amendment 697 #
Proposal for a regulation Article 27 – paragraph 1 1. A CCP shall maintain, for a period of at least
Amendment 698 #
Proposal for a regulation Article 27 – paragraph 2 2. A CCP shall maintain, for a period of at least
Amendment 709 #
Proposal for a regulation Article 28 – paragraph 4 4. Where the persons referred to in paragraph 1 exercise an influence which is likely to be prejudicial to the sound and prudent management of the CCP, the competent authority shall take appropriate measures to terminate that situation or withdraw the authorisation of the CCP.
Amendment 712 #
Proposal for a regulation Article 29 – paragraph 3 – subparagraph 2 For the period between the date of request for information by the competent authority and the receipt of a response thereto by the proposed acquirer, the assessment period shall be interrupted.
Amendment 714 #
Proposal for a regulation Article 29 – paragraph 6 6. Where the competent authority does not
Amendment 722 #
Proposal for a regulation Article 31 – paragraph 1 1. A CCP shall maintain and operate effective written organisational and administrative arrangements to identify and manage any potential conflicts of interest between itself, including its managers, employees, or any person directly or indirectly linked to them by control or close links and its clearing members or their clients or between them. It shall maintain and implement adequate resolution procedures whenever possible conflicts of interest occur in order to remove them.
Amendment 741 #
Proposal for a regulation Article 33 – paragraph 1 – point i a (new) (i a) activities linked to risk management shall not be outsourced.
Amendment 759 #
Proposal for a regulation Article 37 – paragraph 1 1. A CCP shall keep records and accounts that shall enable it, at any time and without delay, to
Amendment 763 #
Proposal for a regulation Article 37 – paragraph 2 2.
Amendment 776 #
Proposal for a regulation Article 37 – paragraph 3 3.
Amendment 781 #
Proposal for a regulation Article 37 – paragraph 3 – subparagraph 1 (new) Clients shall be given by clearing members the possibility to have their positions recorded in omnibus accounts with the CCP (opt-out).
Amendment 789 #
Proposal for a regulation Article 37 – paragraph 4 4.
Amendment 794 #
Proposal for a regulation Article 37 – paragraph 5 5.
Amendment 809 #
Proposal for a regulation Article 39 – paragraph 2 2. A CCP shall adopt models and parameters in setting its margin requirements that capture the risk characteristics of the products cleared and take into account the interval between margin collections, market liquidity and the possibility of changes over the duration of the transaction. The models and parameters shall be validated by the competent authority and subject to a
Amendment 813 #
Proposal for a regulation Article 39 – paragraph 3 a (new) 3 a. A CCP shall call and collect margins that are adequate to cover the positions registered in each account kept in accordance with article 37 with respect to specific financial instruments. A CCP may calculate margins with respect to a portfolio of financial instruments only when the price correlation among the financial instruments included in the portfolio is high and stable.
Amendment 816 #
Proposal for a regulation Article 39 – paragraph 4 Amendment 821 #
Proposal for a regulation Article 39 – paragraph 5 – subparagraph 1 Powers are delegated to the Commission to adopt regulatory technical standards specifying the appropriate percentage and time horizon, as referred to in paragraph 1, to be considered for the different classes of financial instruments and the conditions referred to in paragraph 3a.
Amendment 832 #
Proposal for a regulation Article 40 – paragraph 2 2. A CCP shall establish the minimum size of contributions to the default fund and the criteria to calculate the contributions of the single clearing members. The contributions shall be proportional to the exposures of each clearing member, in order to ensure that the contributions to the default fund at least enable the CCP to withstand the default of the two clearing member to which it has the largest exposures
Amendment 840 #
Proposal for a regulation Article 41 – paragraph 2 2. A CCP shall develop scenarios of extreme
Amendment 863 #
Proposal for a regulation Article 44 – paragraph 1 1. A CCP shall only invest its financial resources in highly liquid financial instruments with minimal market and credit risk. The investments shall be capable of being liquidated rapidly with minimal adverse price effect. A CCP shall invest a substantial proportion of its financial resources in reserves with a central bank. Collateral segregated pursuant to Article 49a, paragraph 2, shall not be counted for the purpose of subparagraph 1.
Amendment 883 #
Proposal for a regulation Article 47 – paragraph 1 1. A CCP shall, where practical and available, use central bank money to settle its transactions. Where central bank money is not
Amendment 891 #
Proposal for a regulation Article 48 – paragraph 2 a (new) 2 a. A CCP shall grant non- discriminatory access to Securities Settlement Systems (SSS) requesting to obtain data feed.
Amendment 892 #
Proposal for a regulation Article 48 – paragraph 3 3. Entering into an interoperability arrangement
Amendment 895 #
Proposal for a regulation Article 49 a (new) Article 49a Provision of margins among CCPs 1. A CCP shall segregate the collateral received by CCPs with whom it has entered into an interoperability arrangement. 2. Collateral received in the form of cash shall be segregated in accounts with the central bank of issue. 3. Collateral received in the form of financial instruments shall be segregated in accounts with operators of securities settlement systems notified under Directive 98/26/EC. 4. Collateral segregated under paragraphs 1, 2 and 3 shall be available to the receiving CCP only in case of default of the CCP which has provided the collateral in the context of an interoperability arrangement. 5. In case of default of the CCP which has received the collateral in the context of an interoperability arrangement, the collateral segregated under paragraphs 1, 2 and 3 shall be readily returned to the providing CCP. 6. In case of interoperability among more than two CCPs, the interoperable CCPs may make use of a netting arrangement which calculates their net reciprocal obligations.
Amendment 908 #
Proposal for a regulation Article 55 – paragraph 2 2. The fines referred to in paragraph 1 shall be dissuasive and proportionate to the nature and seriousness of the breach, the duration of the breach and the economic capacity of the trade repository concerned.
Amendment 927 #
Proposal for a regulation Article 63 – paragraph 2 – point d a (new) (d a) the third country is subject of a decision by the Commission stating that the standards to prevent money laundering and terrorist financing meet the Financial Action Task Force requirements and are to the same effect as the requirements set out in Directive 2005/60/EC.
Amendment 928 #
Proposal for a regulation Article 63 – paragraph 2 – point d b (new) (d b) the third country has signed an agreement with the home Member State of the authorised CCP which fully complies with the standards laid down in Article 26 of the OECD Model Tax Convention and ensures an effective exchange of information in tax matters, including, if any, multilateral tax agreements.
Amendment 940 #
Proposal for a regulation Article 64 – paragraph 6 6. A trade repository shall publicly disclose the prices and fees associated with services provided. It shall disclose the prices and fees of single services and functions provided separately, including discounts and rebates and the conditions to benefit from those reductions. It shall allow reporting entities to access specific services separately. The prices and fees charged by a trade repository shall
Amendment 975 #
Proposal for a regulation Article 71 a (new) Article 71a Staff and resource of ESA (ESMA) By 15 September 2011, ESA (ESMA) shall assess the staffing and resources needs arising from the assumptions of its powers and duties in accordance with this Regulation and submit a report to the European Parliament, the Council and the Commission.
source: PE-460.860
|
| 7 |
2010/2006(INI) Cross-border crisis management in the banking sector
2010/05/05
ECON
7 amendments...
Amendment 79 #
Motion for a resolution Annex – recommendation 1 – paragraph 3 3. Attribute to the relevant supervisor the responsibility for crisis management and the approval of each bank’s contingency plan, as follows: • for
Amendment 147 #
Motion for a resolution Annex – recommendation 2 – paragraph 1 1.
Amendment 160 #
Motion for a resolution Annex – recommendation 2 – paragraph 2 2.
Amendment 166 #
Motion for a resolution Annex – recommendation 2 – paragraph 3 Amendment 174 #
Motion for a resolution Annex – recommendation 2 – paragraph 4 Amendment 183 #
Motion for a resolution Annex – recommendation 2 – paragraph 5 5. For each of the
Amendment 195 #
Motion for a resolution Annex – recommendation 2 – paragraph 6 6. An EU Financial Stability Fund and a Resolution Unit shall support interventions led by the EBA (resolution or insolvency) as regards
source: PE-441.146
|
| 27 |
2010/2008(INI) Derivatives markets: future policy actions
2010/04/13
ECON
27 amendments...
Amendment 11 #
Motion for a resolution Recital C a (new) Ca. whereas the basis for international cooperation should be established in order to handle internationally traded derivatives so as to achieve international standards and information sharing arrangements between CCPs as a minimum,
Amendment 13 #
Motion for a resolution Recital D Amendment 56 #
Motion for a resolution Recital I I. whereas, as a rule, non-financial institutions’ interest rate, foreign-exchange and commodity contracts need no additional regulation, but such measures cannot be ruled out in future,
Amendment 61 #
Motion for a resolution Recital I a (new) Ia. whereas the latest events involving the sale of OTC derivatives to local governments and the dealings with sovereign Credit Default Swaps reinforce the need for financial stability and market transparency to be primary goals for the drafting of legislation;
Amendment 62 #
Motion for a resolution Recital I a (new) Ia. whereas derivatives speculation has had serious social consequences, in particular with regard to agricultural products; whereas speculation with credit default swaps has had grave economic consequences for some Member States of the euro area,
Amendment 69 #
Motion for a resolution Recital I b (new) Ib. whereas derivatives prices should adequately correspond to risk and the cost of the future market infrastructure should be borne by market participants,
Amendment 94 #
Motion for a resolution Paragraph 2 2. Backs the call for the compulsory introduction of
Amendment 103 #
Motion for a resolution Paragraph 3 Amendment 112 #
Motion for a resolution Paragraph 4 4. Notes that, as regards regulation, a distinction must be made between derivatives to hedge
Amendment 116 #
Motion for a resolution Paragraph 4 a (new) 4a. Calls on the commission to look into ways of reducing the overall volume of derivatives significantly so the volume is proportionate to the underlying securities so as to avoid a distortion of price signals and reducing the risk to market integrity and cutting down systemic risk;
Amendment 117 #
Motion for a resolution Paragraph 4 b (new) 4b. Considers important to pay particular attention to corporate derivatives to which a financial institution is a counterparty in order to avoid abusing such contracts not as corporate risk but as financial market instruments;
Amendment 118 #
Motion for a resolution Paragraph 4 c (new) 4c. Warns about the access of unsophisticated investors to derivatives trading and calls for a monitoring of such practises;
Amendment 126 #
Motion for a resolution Paragraph 6 6. Is of the opinion that, through clearing arrangements and by adjusting capital requirements, counterparty credit risk can be reduced for contracts cleared centrally via central counterparty clearing facilities (CCPs)
Amendment 142 #
Motion for a resolution Paragraph 8 Amendment 151 #
Motion for a resolution Paragraph 8 a (new) 8a. Calls that CCPs and other risk management system must be independent from key market participants or risk takers organised on the base of a mutualistic model and in competition with each other, under ESMA’s financial supervision;
Amendment 157 #
Motion for a resolution Paragraph 9 9. Backs the introduction of repositories for all trades and positions not
Amendment 181 #
Motion for a resolution Paragraph 12 a (new) 12a. Insist on the need to have regulatory standards to ensure that CCPs remain resilient to a broader set of risks, including multiple participant failures, sudden sales of financial resources and rapid reduction in market liquidity;
Amendment 205 #
Motion for a resolution Paragraph 15 15. Calls, as a matter of priority, for credit default swaps to be made subject to independent central clearing and, if necessary, checked to establish whether individual types of derivative with cumulative risks should only be conditionally authorised or even, on a case- by-case basis, prohibited; particularly , a sufficient capital and reserves should be required to cover the CDS in the case of a credit event;
Amendment 207 #
Motion for a resolution Paragraph 15 15. Calls, as a matter of priority, for credit default swaps to be made subject to independent central clearing and
Amendment 211 #
Motion for a resolution Paragraph 15 a (new) 15a. Demands that CDS protection should be payable only upon the production and proof of an underlaying bond exposure and be limited to the amount of this exposure;
Amendment 213 #
Motion for a resolution Paragraph 15 a (new) 15a. Is of the opinion that all financial derivatives that concerning public finances in EU (including sovereign debt of Members States and local administration balance sheets) must be standardised and traded on exchange or other regulated trading platforms, to promote transparency of derivatives market to the public;
Amendment 218 #
Motion for a resolution Paragraph 16 16. Is of the view that all high-risk derivatives
Amendment 224 #
Motion for a resolution Paragraph 16 a (new) 16a. Calls for any derivative position, whether taken by financial or non- financial institutions, above a certain threshold (to be specified by ESMA) to be centrally cleared by a CCP;
Amendment 226 #
Motion for a resolution Paragraph 16 a (new) 16a. Calls on the Commission to examine more closely the extent to which speculation influences price formation with regard to commodities, agricultural products and greenhouse gas emission allowances, to the detriment of society;
Amendment 231 #
Motion for a resolution Paragraph 17 17.
Amendment 239 #
Motion for a resolution Paragraph 17 a (new) 17a. Supports that any future legislative proposal on derivatives markets follows a functional approach by which similar activities are subject to the same or similar rules;
Amendment 243 #
Motion for a resolution Paragraph 18 18. Underlines the
source: PE-440.018
|
| 4 |
2011/0092(CNS) Taxation of energy products and electricity: restructuring the Community framework
2011/01/12
ECON
4 amendments...
Amendment 79 #
Proposal for a directive Recital 18 Amendment 182 #
Proposal for a directive Article 1 – point 13 – point a – point i Directive 2003/96/EC Article 15 – paragraph 1 – point i (i)
Amendment 184 #
Proposal for a directive Article 1 – point 13 – point a – point i a (new) Directive 2003/96/EC Article 15 – paragraph 1 – point l a (new) (ia) the following point is added: “(la) LPG used as heating fuel, including by way of derogation from Article 4(3);”
Amendment 216 #
Proposal for a directive Annex 1 – table A – row 4 LPG CN codes 2711 12 11 to 2711 19 20 €/t CO2 1
source: PE-475.931
|
| 30 |
2011/0202(COD) Financial supervision: prudential requirements for credit institutions and investment firms
2012/07/03
ECON
12 amendments...
Amendment 155 #
Proposal for a regulation Recital 16 a (new) (16a) The report from the High Level Group on Financial Supervision in the European Union, chaired by Jacques de Larosière, stated that micro-prudential supervision cannot effectively safeguard financial stability without adequately taking account of macro-level developments, while macro-prudential oversight is not meaningful unless it can somehow impact on supervision at the micro level. Close cooperation between EBA and the ESRB is essential to give full effectiveness to the functioning of the ESRB and the follow-up to its warnings and recommendations. In particular, EBA should be able to transmit to the ESRB all relevant information gathered by competent authorities in accordance with the reporting obligations set out in this Regulation.
Amendment 165 #
Proposal for a regulation Recital 27 (27) In line with the decision of the BCBS, as endorsed by the GHOS on 10 January 2011, all Additional Tier 1 and Tier 2 instruments of a
Amendment 355 #
Proposal for a regulation Article 24 – paragraph 1 – point a (a)
Amendment 365 #
Proposal for a regulation Article 24 – paragraph 4 4.
Amendment 417 #
Proposal for a regulation Article 30 – paragraph 1 – point b a (new) (ba) unrealized gains or losses on EU sovereign debt that are valued at fair value and held in the available for sale category. Until the review of the IFRS due to eliminate the available for sale category, EBA shall draft technical standards to specify the conditions according to which point (ba) shall apply.
Amendment 427 #
Proposal for a regulation Article 36 – paragraph 1 1. Institutions shall apply a risk weight in accordance with Chapter 2 or 3 of Title II of Part Three, as applicable, to
Amendment 429 #
Proposal for a regulation Article 36 – paragraph 2 – introductory part 2. Deferred tax assets that do not rely on future profitability
Amendment 431 #
Proposal for a regulation Article 36 – paragraph 2 – point c (c) deferred tax assets arising from temporary differences, wh
Amendment 470 #
Proposal for a regulation Article 46 – paragraph 3 – point b – introductory part (b) where an institution referred to in Article 25 has a holding in another such institution, or in the parent undertaking of its central or regional credit institution, and the following conditions are met:
Amendment 476 #
Proposal for a regulation Article 46 – paragraph 3 – point b – point i (i) where the holding is in a central or regional credit institution, the institution with that holding is associated with that central or regional credit institution in a network subject to legal or statutory or contractual provisions and the central or regional credit institution is responsible, under those provisions, for cash-clearing operations within that network;
Amendment 479 #
Proposal for a regulation Article 46 – paragraph 3 – point b – point ii (ii) the institutions referred to in Article 25 and its central or regional credit institution fall within the same institutional protection scheme referred to in Article 108(7);
Amendment 482 #
Proposal for a regulation Article 46 – paragraph 3 – point b – point v (v) the institution draws up and reports to the competent authorities the
source: PE-483.850
2012/08/03
ECON
4 amendments...
Amendment 490 #
Proposal for a regulation Article 49 – paragraph 1 – point n (n) the provisions governing the instruments require the principal amount of the instruments - except for the provisions contained under Article 51, paragraph c), let.(i) below - to be written down
Amendment 494 #
Proposal for a regulation Article 49 – paragraph 2 – subparagraph 1 – point b (b) the nature of the permanent and temporarily write down of the principal amount;
Amendment 579 #
Proposal for a regulation Article 87 – paragraph 3 – point a a (new) (aa) the risk weighted exposure amounts for credit risk for loans to SMEs (as defined in Title II Chapter 3 Section 2 Sub-section 2 Art.148 (4)) for which the risk weighted exposure amounts have to be calculated in accordance with Title II and then multiplied by 76.19% (application of an SMEs Supporting Factor);
Amendment 580 #
Proposal for a regulation Article 87 – paragraph 3 – point a b (new) (ab) risk weighted exposure amounts from the trading book business of the institution;
source: PE-483.852
2012/09/03
ECON
14 amendments...
Amendment 834 #
Proposal for a regulation Article 372 – paragraph 1 1. An institution shall calculate the own funds requirements for CVA risk in accordance with this Title for all OTC derivative instruments in respect of all of its business activities, other than those granted an exemption from clearing and collateralization under article 1 paragraph 4 and non financial counterparties not exceeding the clearing threshold as specified under Article 5 paragraph 3 of the European Market Infrastructure Regulation (EMIR), than credit derivatives recognised to reduce risk-
Amendment 878 #
Proposal for a regulation Article 389 – paragraph 1 – subparagraph 1 – point i a (new) (ia) asset items constituting claims on institution in the form of minimum reserves required by ECB or by the central bank of a Member State to be held by an institution provided that the conditions laid down in Article 114 (4) are met;
Amendment 1158 #
Proposal for a regulation Article 410 – paragraph 8 – subparagraph 1 – point a – introductory part (a) the depositor is one of following: (i) a parent or subsidiary institution of the institution or another subsidiary of the same parent institution or linked to the institution by a relationship within the meaning of Article 12(1) of Directive 83/349/EEC; or (ii) an institution falling within the same institutional protection scheme meeting the requirements of Article 108(7);
Amendment 1201 #
Proposal for a regulation Article 413 – paragraph 2 – introductory part 2. The liquidity inflows shall be measured over the next
Amendment 1210 #
Proposal for a regulation Article 413 – paragraph 2 – point b (b) monies due from
Amendment 1212 #
Proposal for a regulation Article 413 – paragraph 2 – point b a (new) (b a) Furthermore monies due that the institution owing those monies treats according to Article 410(4), as well as any undrawn credit or liquidity facilities and any other commitments received shall receive corresponding symmetric treatment.
Amendment 1213 #
Proposal for a regulation Article 413 – paragraph 2 – point c Amendment 1226 #
Proposal for a regulation Article 413 – paragraph 4 – subparagraph 1 – point b (b) the
Amendment 1346 #
Proposal for a regulation Article 443 – paragraph 1 – introductory part Amendment 1363 #
Proposal for a regulation Article 443 – paragraph 1 – point k a (new) (k a) the requirements for large exposures, laid down in Article 381 and Articles 384 to 392;
Amendment 1367 #
Proposal for a regulation Article 443 – paragraph 1 – point k b (new) (k b) the liquidity requirements and the leverage ratio [once introduced into the Union regulatory framework].
Amendment 1566 #
Proposal for a regulation Article 482 – paragraph 1 1. The Commission shall submit by 31 December 2016 a report on the impact and effectiveness of the leverage ratio to the European Parliament and the Council.
Amendment 1600 #
Proposal for a regulation Article 485 – title Amendment 1607 #
Proposal for a regulation Article 485 – paragraph 2 – point b a (new) (b a) With regard to Article 87: an analysis of the SMEs Supporting Factor's appropriateness in achieving the goal of supporting economic recovery and growth in Europe without being detrimental for the banking industry's stability.
source: PE-483.853
|
| 3 |
2011/0203(COD) Financial supervision: access to the activity of credit institutions and supervision of credit institutions and investment firms
2012/07/03
ECON
3 amendments...
Amendment 195 #
Proposal for a directive Article 75 – paragraph 3 – subparagraph 1 3. Competent authorities shall ensure that institutions establish a risk committee composed of members of the management body who do not perform any executive function in the institution concerned. An adequate number of members of the committee shall also be independent. Members of the risk committee shall have appropriate knowledge, skills and expertise to fully understand and monitor the risk strategy and the risk appetite of the institution.
Amendment 253 #
Proposal for a directive Article 86 – paragraph 2 – subparagraph 1 2. Competent authorities shall ensure that institutions establish a nomination committee composed of members of the management body who do not perform any executive function in the institution concerned. An adequate number of such members shall also be independent.
Amendment 292 #
Proposal for a directive Article 87 – paragraph 1 – point a – subparagraph 2 Executive or non-executive directorships held within the same group
source: PE-483.816
|
| 13 |
2011/0275(COD) European Regional Development Fund (ERDF): support to the Investment for growth and jobs goal
2012/07/06
REGI
13 amendments...
Amendment 75 #
Proposal for a regulation Recital 5 bis (new) (5a) In its resolution of 8 June 2011, the European Parliament pointed out that youth and culture policies are essential and among the priorities recognised for the added value they bring and their ability to reach out to citizens. It also called on the EU and the Member States to acknowledge the increasing importance of cultural and creative industries to the European economy, and their spill-over effects on other economic sectors. It also strongly emphasised that the full potential of these policies can only be realised if they are provided with adequate levels of funding in the context of cohesion policy.
Amendment 78 #
Proposal for a regulation Recital 5 b (new) (5b) In its resolution of 8 June 2011, the European Parliament recalled that tourism is a new EU competence under the Lisbon Treaty, which should, therefore, also be reflected in the next MFF. It stressed the important contribution of tourism to the European economy and the need for a European strategy for tourism aimed at strengthening the competitiveness of the sector to be supported by adequate funding under the ERDF.
Amendment 79 #
Proposal for a regulation Recital 5 quater (new) (5c) As noted by the European Court of Auditors in Special Report No 6/2011 entitled ‘Were ERDF co-financed tourism projects effective?’, tourism interventions achieved their objectives in terms of performance, growth and employment, by creating tourism capacity and by creating or maintaining jobs
Amendment 178 #
Proposal for a regulation Article 3 – paragraph 1 – subparagraph 1 – point d – point i bis (new) (i a) investment to promote tourism including maritime tourist activity and to protect artistic and cultural heritage
Amendment 213 #
Proposal for a regulation Article 3 – paragraph 1 – subparagraph 2 Amendment 227 #
Proposal for a regulation Article 3 – paragraph 2 – point a Amendment 252 #
Proposal for a regulation Article 4 – paragraph 1 – point a – point i (i) at least 80 % of the total ERDF resources
Amendment 281 #
Proposal for a regulation Article 4 – paragraph 1 – point b – point i (i) at least 50 % of the total ERDF resources
Amendment 355 #
Proposal for a regulation Article 5 – paragraph 1 – point 1 – point b bis (new) (b) a) support appropriate synergies and linkages with the EU’s Horizon 2020 programme;
Amendment 367 #
Proposal for a regulation Article 5 – paragraph 1 – point 1 bis (new) Amendment 419 #
Proposal for a regulation Article 5 – paragraph 1 – point 3 – point b a (new) (b a) development of SMEs in emerging areas linked to European and regional challenges such as creative and cultural industries, new forms of tourism including cultural tourism, and innovative services reflecting new societal demands or products and services linked to ageing population, care and health, eco- innovations, the low carbon economy and resource efficiency, including coordination with public procurement to speed up the market take-up of innovative solutions to address these challenges.
Amendment 521 #
Proposal for a regulation Article 5 – paragraph 1 – point 6 – point c – point i (new) i) promoting sustainable tourism through efficient use of natural and cultural resources;
Amendment 528 #
Proposal for a regulation Article 5 – paragraph 1 – point 6 – point e (e) action to improve the urban environment, including regeneration of deprived urban and outlying areas and brownfield sites and reduction of air pollution;
source: PE-491.053
|
| 23 |
2011/0276(COD) Structural instruments: common provisions for ERDF, ESF, Cohesion Fund, EAFRD and EMFF; general provisions applicable to ERDF, ESF and Cohesion Fund
2012/04/06
REGI
17 amendments...
Amendment 229 #
Proposal for a regulation Recital 18 (18) A performance framework should be defined for each programme with a view to monitoring progress towards the objectives and targets set for each programme over the course of the programming period. The Commission should undertake a performance review in cooperation with the Member States in 2017 and 2019.
Amendment 303 #
Proposal for a regulation Recital 58 Amendment 306 #
Proposal for a regulation Recital 58 Amendment 397 #
Proposal for a regulation Part 2 – article 5 – paragraph 1 – introductory part 1. For the Partnership Contract and each programme respectively,
Amendment 407 #
Proposal for a regulation Part 2 – article 5 – paragraph 1 – point a a)
Amendment 472 #
Proposal for a regulation Part 2 – article 9 – paragraph 1 – point 1 a (new) 1a) preserving and promoting the cultural and creative heritage of the Union;
Amendment 486 #
Proposal for a regulation Part 2 – article 9 – paragraph 1 – point 6 6) preserving and protecting the environment, cultural and creative heritage and promoting resource efficiency;
Amendment 551 #
Proposal for a regulation Part 2 – article 13 – paragraph 1 1. Each Member State shall prepare a Partnership Contract
Amendment 645 #
Proposal for a regulation Part 2 – article 15 – paragraph 2 2. The Commission shall adopt a decision, by means of implementing acts, approving the Partnership Contract no later than six months after its submission by the Member State, provided that any observations made by the Commission have been satisfactorily taken into account. As part of its decision to adopt the Partnership Contract, the Commission shall take account of the effective involvement of the autonomous regional territories called to enter into the Partnership Contract, in accordance with the institutional system of each Member State. The Partnership Contract shall not enter into force before 1 January 2014.
Amendment 646 #
Proposal for a regulation Part 2 – article 15 – paragraph 3 – introductory part 3. Where a Member State proposes an amendment to the Partnership Contract, the Commission shall carry out an assessment in accordance with paragraph 1 and, where appropriate, shall adopt a decision, by means of implementing acts, approving the amendment within three months of its submission by the Member State.
Amendment 650 #
Proposal for a regulation Part 2 – article 16 – paragraph 1 Member States shall concentrate support, in accordance with the Fund-specific rules, on actions bringing the greatest added value in relation to the Union strategy for smart, sustainable and inclusive growth, addressing the challenges identified in the country-specific recommendations under Article 121(2) of the Treaty and the relevant Council recommendations adopted under 148(4) of the Treaty, and taking into account national and regional needs. In accordance with the principle of subsidiarity, the managing authorities shall independently select the thematic objectives and investment priorities on which to concentrate the Union's support.
Amendment 679 #
Proposal for a regulation Part 2 – article 17 – paragraph 5 5. The Commission shall assess the information provided on the fulfilment of the ex ante conditionalities in the framework of its assessment of the Partnership Contract and programmes. It may decide, when adopting a programme, to suspend all or part of interim payments to the programme pending the satisfactory completion of actions to fulfil an ex ante
Amendment 695 #
Proposal for a regulation Part 2 – article 18 Amendment 749 #
Proposal for a regulation Part 2 – article 23 – paragraph 3 3. Programmes shall be submitted by the Member States
Amendment 755 #
Proposal for a regulation Part 2 – article 23 – paragraph 3 – subparagraph 1a (new) The possibility of multi-fund operational programmes (ERDF, ESF, Cohesion Fund, EAFRD, EMFF) shall be encouraged. For this purpose the European Commission adopts any measure for the setting up and implementation of these programmes with due respect to the proportionality principle.
source: PE-489.656
2012/05/06
REGI
4 amendments...
Amendment 815 #
Proposal for a regulation Part 2 – article 29 – paragraph 1 – point c (c) a description of the strategy and its objectives,
Amendment 1156 #
Proposal for a regulation Part 2 – article 74 – paragraph 1 – introductory part 1. The payment deadline for an interim payment claim may be interrupted by the authorising officer by delegation within the meaning of the Financial Regulation for a maximum period of
Amendment 1174 #
Proposal for a regulation Part 2 – article 77 – paragraph 2 – point b b) the
Amendment 1331 #
Proposal for a regulation Part 3 – article 86 – paragraph 1 – point 3 bis (new) 3a) Public or equivalent structural expenditure supported by the public administration by way of co-financing of investments activated as part of CSF funding will be deducted from the calculation of structural deficit in the definition of the specific medium-term objectives for the country within the framework of EU Regulation 1466/97, and will equally be deducted in the assessment of compliance with the preventive arm of the Stability and Growth Pact, within the framework of EU Regulation 1467/97.
source: PE-491.054
2012/06/06
REGI
2 amendments...
Amendment 1450 #
Proposal for a regulation Part 3 – article 91 – paragraph 2 2. Major projects submitted to the Commission for approval shall be contained in the list of major projects in an operational programme.
Amendment 1693 #
Proposal for a regulation Part 3 – article 120 – paragraph 1 1. The Commission shall reimburse as interim payments 9
source: PE-491.057
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| 1 |
2011/0283(COD) Structural Funds and Cohesion Fund: provisions relating to risk sharing instruments for Member States experiencing or threatened with serious difficulties with respect to their financial stability
2012/02/03
REGI
1 amendments...
Amendment 22 #
Proposal for a regulation – amending act Recital 13 a (new) (13a) To prevent the risk of other Member States finding themselves in circumstances which dictate they have to apply to access financial stabilisation mechanisms, a derogation should be granted to the Stability and Growth Pact which allows national cofinancing of projects considered to be of particular relevance to economic recovery and job creation.
source: PE-483.747
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| 2 |
2011/0295(COD) Financial supervision: insider dealing and market manipulation (market abuse)
2012/11/05
ECON
2 amendments...
Amendment 291 #
Proposal for a regulation Article 12 – paragraph 8 8. This Article shall not apply to issuers who have not requested or approved admission of their financial instruments to trading on a regulated market in a Member State or, have issued only bonds traded exclusively on a MTF, according to specific technical requirements to be determined by ESMA, or in the case of an instrument only traded on a MTF
Amendment 296 #
Proposal for a regulation Article 12 – paragraph 9 – subparagraph 1 – indent 1 a (new) - the technical requirements of issuer and financial instrument only traded on a MTF subject to the exemption referred to in paragraph 8;
source: PE-489.421
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| 31 |
2011/0296(COD) Financial supervision: markets in financial instruments; OTC derivatives, central counterparties and trade repositories
2012/05/14
ECON
31 amendments...
Amendment 102 #
Proposal for a regulation Recital 7 (7) In order to make European markets more transparent, safer, more efficient, and to level the playing field between various venues offering trading services, it is necessary to
Amendment 111 #
Proposal for a regulation Recital 8 (8) Th
Amendment 166 #
Proposal for a regulation Recital 31 Amendment 168 #
Proposal for a regulation Recital 32 Amendment 205 #
Proposal for a regulation Article 2 – paragraph 1 – point 2 b (new) (2 b) 'Bilateral system' means a system that brings together or facilitates the buying and selling interests in financial instruments, whereby the operator of the investment firms takes on capital risk;
Amendment 272 #
Proposal for a regulation Article 4 – paragraph 2 a (new) 2 a. Competent authorities shall be able to withdraw the authorisation for regulated markets, market operators or investment firms to use one of the waivers specified in paragraph 3. Competent authorities shall withdraw the authorisation if they observe that the waiver is used in a way that is deviating from its original purpose or if they believe that the waiver is used to circumvent the rules established in this article. Before withdrawing the authorisation to use a waiver, competent authorities shall notify ESMA and other competent authorities of their intention providing a full explanation of the rationale behind such an intention. Notification of the intention to withdraw the authorisation to use a waiver shall be made as soon as possible. Within 1 month following receipt of the notification, ESMA shall issue a non-binding opinion to the competent authority in question. After receiving the opinion, the competent authority shall make its decision effective.
Amendment 312 #
Proposal for a regulation Article 7 – paragraph 1 1. Regulated markets and investment firms and market operators operating an MTF
Amendment 342 #
Proposal for a regulation Article 8 – paragraph 3 a (new) 3 a. Competent authorities shall be able to withdraw the authorisation for regulated markets, market operators or investment firms to use one of the waivers specified in paragraph 4. Competent authorities shall withdraw the authorisation if they observe that the waiver is used in a way that is deviating from its original purpose or if they believe that the waiver is used to circumvent the rules established in this article. Before withdrawing the authorisation to use a waiver, competent authorities shall notify ESMA and other competent authorities of their intention providing a full explanation of the rationale behind such an intention. Notification of the intention to withdraw the authorisation to use a waiver shall be made as soon as possible. Within 1 month following receipt of the notification, ESMA shall issue a non-binding opinion to the competent authority in question. After receiving the opinion, the competent authority shall make its decision effective.
Amendment 367 #
Proposal for a regulation Article 9 – paragraph 1 1. Regulated markets and investment firms and market operators operating an MTF
Amendment 458 #
Proposal for a regulation Article 19 – paragraph 1 1. Investment firms which, either on own account or on behalf of clients, conclude transactions in shares, depositary receipts, exchange-traded funds, certificates or other similar financial instruments admitted to trading on a regulated market or which are traded on an MTF
Amendment 463 #
Proposal for a regulation Article 19 – paragraph 2 2. The information which is made public in accordance with paragraph 1 and the time- limits within which it is published shall comply with the requirements adopted pursuant to Article 6. Where the measures adopted pursuant to Article 6 provide for deferred reporting for certain categories of transaction in shares, depositary receipts, exchange-traded funds, certificates or other similar financial instruments, this possibility shall also apply to those transactions when undertaken outside regulated markets, MTFs
Amendment 467 #
Proposal for a regulation Article 19 – paragraph 3 a (new) 3 a. ESMA shall identify the principles and criteria where the provisions regarding the use of APAs as per paragraph 1 shall be waived for investment firms which execute relatively small volumes of transactions in respect of shares, depositary receipts, exchange- traded funds, certificates and other financial instruments. In such cases, ESMA shall prescribe specific provisions as it regards the minimum content and format of the information published through the use of own proprietary disclosure systems.
Amendment 470 #
Proposal for a regulation Article 20 – paragraph 1 1. Investment firms which, either on own account or on behalf of clients, conclude transactions in bonds and structured finance products admitted to trading on a regulated market
Amendment 478 #
Proposal for a regulation Article 20 – paragraph 2 2. The information which is made public in accordance with paragraph 1 and the time- limits within which it is published shall comply with the requirements adopted pursuant to Article 10. Where the measures adopted pursuant to Article 10 provide for deferred reporting for certain categories of transaction in bonds, structured finance products, emission allowances or derivatives, this possibility shall also apply to those transactions when undertaken outside regulated markets, MTFs
Amendment 482 #
Proposal for a regulation Article 20 – paragraph 3 – point b a (new) (b a) ESMA shall identify the principles and criteria where the provisions regarding the use of APAs as per paragraph 1 shall be waived for investment firms which execute relatively small volumes of transactions in respect of bonds, structured finance products, emission allowances and derivatives. In such cases, ESMA shall prescribe specific provisions with regards to the minimum content and format of the information published through the use of own proprietary disclosure systems.
Amendment 521 #
Proposal for a regulation Article 24 – title Obligation to trade on regulated markets
Amendment 542 #
Proposal for a regulation Article 24 – paragraph 5 a (new) 5 a. The obligation to trade on regulated markets or MTFs shall be implemented by 31st December 2013. All technical standards and delegated acts that refer to this obligation should be completed in time before this deadline.
Amendment 547 #
Proposal for a regulation Article 26 – paragraph 1 – subparagraph 1 – introductory part ESMA shall develop draft implementing technical standards to determine
Amendment 549 #
Proposal for a regulation Article 26 – paragraph 1 – subparagraph 1 – point a Amendment 558 #
Proposal for a regulation Article 26 – paragraph 2 – point a (a) the class of derivatives or a relevant subset thereof has to be admitted to trading or traded on at least one regulated market
Amendment 561 #
Proposal for a regulation Article 26 – paragraph 2 – point b (b) the class of derivatives or a relevant subset thereof
Amendment 566 #
Proposal for a regulation Article 26 – paragraph 3 Amendment 589 #
Proposal for a regulation Article 26 – paragraph 4 Amendment 590 #
Proposal for a regulation Article 26 – paragraph 4 – subparagraph 1 Amendment 592 #
Proposal for a regulation Article 26 – paragraph 4 – subparagraph 2 Amendment 594 #
Proposal for a regulation Article 26 – paragraph 5 Amendment 596 #
Proposal for a regulation Article 26 – paragraph 6 source: PE-489.472
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| 1 |
2011/0298(COD) Financial supervision: markets in financial instruments. Recast
2012/05/15
ECON
1 amendments...
Amendment 682 #
Proposal for a directive Article 24 – paragraph 1 a (new) 1 a. Member States shall ensure that investment firms assess a general consistency of the financial instruments distributed, especially when directly designed, with due regard to their characteristics, against the characteristics and needs of the potential target group of clients to whom these instruments are being addressed. Member States shall require that investment firms take reasonable steps to ensure that the sale and distribution policy is consistent with suitability and appropriateness assessment rules.
source: PE-489.465
|
| 1 |
2011/0385(COD) Economic governance: strengthening of economic and budgetary surveillance of Member States experiencing or threatened with serious difficulties with respect to their financial stability in the euro area. 'Two pack'
2012/03/13
ECON
1 amendments...
Amendment 223 #
Proposal for a regulation Article 10 source: PE-485.871
|
| 8 |
2011/2035(INI) EC 5th Cohesion Report and Strategy for the post-2013 Cohesion Policy
2011/04/20
REGI
8 amendments...
Amendment 154 #
Motion for a resolution Paragraph 9 9. Doubts whether specific operational programmes for functional geographical entities such as
Amendment 244 #
Motion for a resolution Paragraph 19 19. Takes the view that GDP must be retained as the key criterion in the definition of areas eligible for maximum support (those with GDP/PE below 75% of the EU average) and, where appropriate, cohesion countries (GDP/PE below 90% of the EU average);
Amendment 348 #
Motion for a resolution Paragraph 30 – subparagraph 1 (new) points out that the European Globalisation Adjustment Fund (EGF) is a complementary means of achieving the objectives of the European Social Fund, as it seeks to enable workers made redundant as a result of globalisation and the crisis to find work;
Amendment 373 #
Motion for a resolution Paragraph 35 35. Calls
Amendment 400 #
Motion for a resolution Paragraph 37 37. Calls for
Amendment 494 #
Motion for a resolution Paragraph 51 Amendment 504 #
Motion for a resolution Paragraph 51 – subparagraph 1 (new) is opposed to structural funding being made subject to any kind of macroeconomic conditions connected with the Stability and Growth Pact since this would conflict with the very aims of cohesion policy; in the interests of enhancing programming credibility and achieving tangible results, insists on the introduction of appropriate sets of conditions, verified ex-ante and based on a place-based approach to policies, that cover all the institutional, administrative, regulatory, planning and project-related requirements needed to ensure an effective implementation of the programmes;
Amendment 513 #
Motion for a resolution Paragraph 53 53. Envisages that the Commission will, in future, have a greater responsibility for the improvement of national administrative procedures; takes the view, therefore, that it will be incumbent on the Commission to implement accreditation procedures for national or federal-state administrative and auditing bodies;
source: PE-462.896
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| 19 |
2012/0150(COD) Credit institutions and investment firms: framework for recovery and resolution
2012/12/20
ECON
19 amendments...
Amendment 264 #
Proposal for a directive Article 1 – paragraph 1 – point a a (new) (aa) The competent authorities shall ensure when establishing and applying the requirements under this Directive and when using the different tools at their disposal to take account of risk, size, legal status interconnectedness, the nature, the scope and the complexity of the activities of institutions and membership to an IPS as according to Art. 80(8) CRD or other cooperative mutual solidarity systems as according to Art. 80(7) CRD and Art. 3 CRD.
Amendment 275 #
Proposal for a directive Article 2 – paragraph 1 – point 1 (1) ‘resolution’ means the restructuring of an institution in order to ensure the continuity of its essential functions, preserve financial stability and restore the viability of all or part of that institution. The resolution phase is formally declared by the resolution authorities when conditions are met;
Amendment 278 #
Proposal for a directive Article 2 – paragraph 1 – point 1 a (new) (1a) ‘early intervention’ means any action taken by a competent authority or any preventive and supportive measures taken by the DGS or by the IPS in consultation with a competent authority before the resolution phase is formally declared.
Amendment 282 #
Proposal for a directive Article 2 – paragraph 1 – point 7 a (new) (7a) ‘IPS’ means an Institutional Protection Scheme meeting the requirements laid down in art. 80(8) of Directive 48/2006/CE.
Amendment 319 #
Proposal for a directive Article 3 – paragraph 3 3. Resolution authorities may be the competent authorities for supervision for the purposes of Directives 2006/48/EC and 2006/49/EC, central banks, competent ministries or other public administrative authorities, provided that Member States adopt
Amendment 354 #
Proposal for a directive Article 4 – paragraph 1 – introductory part 1. Having regard to the impact that the failure of the institution could have, due to the legal model of the institution, the nature of its business, its size or its interconnectedness to other institutions or to the financial system in general, on financial markets, on other institutions, on funding conditions, having also regard to the existence of IPS for those institutions which participate in them, Member States shall ensure that competent and resolution authorities determine the extent to which the following apply to institutions:
Amendment 363 #
Proposal for a directive Article 4 – paragraph 1 – point a a (new) (aa) The obligation to draw up and maintain a recovery plan is not necessary for those institutions for which the failure, due to its reduced size or limited interconnectedness to other institutions or to the financial system in general, would not have both in the case of an idiosyncratic event or at time of broader financial instability or system wide events, an adverse effect on financial stability including through contagion to other institutions. Competent authorities can define triggers after which occurrence even the aforementioned institutions have to draw up a recovery plan.
Amendment 851 #
Proposal for a directive Article 24 – paragraph 1 1. Where there is a significant deterioration in the financial situation of an institution or where there are serious violations of law, regulations or bylaws or serious administrative irregularities, and other measures
Amendment 853 #
Proposal for a directive Article 24 – paragraph 1 a (new) 1a. The functions of the general meeting shall be suspended by effect of the appointment of a special manager except as provided for in paragraph 3 of this Article.
Amendment 903 #
Proposal for a directive Article 27 – paragraph 1 a (new) 1a. Resolution authorities shall also take resolution actions if the authorisation has been withdrawn according to Article 18 of Directive [CRD IV] and a resolution action is necessary in the public interest pursuant to paragraph 2.
Amendment 976 #
Proposal for a directive Article 30 – paragraph 1 1. Before taking resolution action and in particular, for the purposes of Articles 31, 34, 36, 41, 42 and 65, resolution authorities shall ensure that a fair and realistic valuation of the assets and liabilities of the institution is carried out
Amendment 981 #
Proposal for a directive Article 30 – paragraph 2 2. Without prejudice to the Union State aid framework, where applicable, the valuation required by paragraph 1 shall be based on prudent and realistic assumptions, including as to rates of default and severity of losses, and its objective shall be to
Amendment 1024 #
Proposal for a directive Article 34 – paragraph 2 – subparagraph 1 Except where the bail-in tool is applied for the purpose specified in point (b) of Article 37(2), for the purposes of the bridge institution tool a bridge institution shall be a legal entity that is
Amendment 1048 #
Proposal for a directive Article 36 – paragraph 2 2. For the purposes of the asset separation tool, an asset management vehicle shall be a legal entity that is
Amendment 1089 #
Proposal for a directive Article 38 – paragraph 2 – subparagraph 1 – point b a (new) (b a) liabilities that are guaranteed by an institutional protection scheme meeting the requirement of art. 108(7) CRR;
Amendment 1125 #
Proposal for a directive Article 38 – paragraph 2 – subparagraph 3a (new) Point (ba) of paragraph 2 shall not prevent resolution authorities, where appropriate, from exercising those powers in relation to any amount of a liability that exceeds the coverage of the IPS.
Amendment 1178 #
Proposal for a directive Article 39 – paragraph 3 – point d (d) the
Amendment 1423 #
Proposal for a directive Article 91 – paragraph 1 1. Member States shall establish financing arrangements for the purpose of ensuring the effective application by the resolution authority of the resolution tools and powers. Institutional Protection Schemes shall be considered as financing arrangements, provided that they meet the requirements laid down in art. 80(8) of Directive 48/2006/CE. The financing arrangements shall be used only in accordance with the resolution objectives and the principles set out in Articles 26 and 29.
Amendment 1499 #
Proposal for a directive Article 94 – paragraph 7 – point a a (new) (a a) the existence of a risk mitigating cooperative solidarity system, which ensures the prevention of resolution events by reporting requirements and early interventions in the sense of the DGS Directive;
source: PE-502.085
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| 1 |
2012/2151(INI) Towards a genuine Economic and Monetary Union
2012/02/10
ECON
1 amendments...
Amendment 748 #
Motion for a resolution Annex – part 1 – point 1.3 – paragraph 6 a (new) The ESM should recapitalise banks directly as soon as regulation on the SSM has been approved.
source: PE-496.553
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