Traduction de «Groupe ad hoc Mécanisme de surveillance bancaire » (Français → Anglais) :

The mechanism would complement the Single Supervisory Mechanism (SSM) (IP/12/953) which, once operational in late 2014, will see the European Central Bank (ECB) directly supervise banks in the euro area and in other Member States which decide to join the Banking Union.

(2) Following the adoption of the Treaty establishing the European Stability Mechanism, the provision for a single supervisory mechanism, is a key step to break the vicious circle between banks and sovereigns and to have the possibility to recapitalise banks directly.It is also the first step towards the creation of an European Banking Union underpinned at EU level by a true single rulebook for financial services and which need to be complemented by common mechanisms to resolve banks and guarantee customer deposits..

16. RECALLS the urgency the December European Council has put on moving towards a more integrated financial framework, including through finalising the negotiations with the European Parliament on the Single Supervisory Mechanism (SSM) and bank capital and liquidity (CRD IV and CRR), on the basis of the position agreed by the Council, and reaching a swift agreement in the Council on the deposit guarantee and bank resolution proposals, to provide a more effective framework for the prevention and management of financial crises; and that, when an effective SSM is established, the ESM will have the possibility, following a regular decision, ...[+++] to recapitalize banks in the euro area directly; REAFFIRMS that action is under way at the EU level to address possible distortions within regulation and supervision systems, including in view of reducing the fragmentation of markets which has in some cases resulted in limited and/or inappropriately costly access to lending.

34. Believes that, in parallel, there is an urgent need to recapitalise the European banking sector and to complete the single market for financial services in the EU; welcomes the proposals of the Commission to establish a single European supervisory mechanism for banking institutions as well as a single European recovery and resolution regime, ideally in parallel with the entry into force of the single supervisory mechanism; further requests that. in the future, the ESM may fund banks in difficulties directly after the single supervisory mec ...[+++]hanism is made operational; stresses that the single supervisory mechanism needs to be accountable to Parliament and the Council for the actions and decisions taken in the field of European supervision and should report to the competent committee of Parliament;

34. Believes that, in parallel, there is an urgent need to recapitalise the European banking sector and to complete the single market for financial services in the EU; welcomes the proposals of the Commission to establish a single European supervisory mechanism for banking institutions as well as a single European recovery and resolution regime, ideally in parallel with the entry into force of the single supervisory mechanism; further requests that. in the future, the ESM may fund banks in difficulties directly after the single supervisory mec ...[+++]hanism is made operational; stresses that the single supervisory mechanism needs to be accountable to Parliament and the Council for the actions and decisions taken in the field of European supervision and should report to the competent committee of Parliament;

A communication outlining the Commission's overall vision for the banking union, covering the single rulebook and the single supervisory mechanism, as well as the next steps involving a single bank resolution mechanism.