Translation of "Dispositif de surveillance non réenclenchable " (French → English) :

(9) Whilst banks in Member States remaining outside the SSM are subject to supervision, resolution and financial backstop arrangements which are aligned at national level , banks in Member States participating in the SSM are subject to Union arrangements for supervision and national arrangements for resolution and financial backstops.

(44) With regard to the recognition of third-country firms, and in accordance with the Union’s international obligations under the agreement establishing the World Trade Organisation, including the General Agreement on Trade in Services, decisions determining third-country regulatory and supervisory frameworks as equivalent to the regulatory and supervisory framework of the Union should be adopted only if the legal and supervisory framework of the third country provides for an effective equivalent system for the recognition of investment firms authorised under foreign legal regimes in accordance with, amongst others, the general regulato ...[+++]ry goals and standards set out by the G-20 in September 2009 of improving transparency in the derivatives markets, mitigating systemic risk, and protecting against market abuse.

(9) Whilst banks in Member States remaining outside the SSM benefit at national level from supervision, resolution and financial backstop arrangements which are aligned, banks in Member States participating in the SSM are subject to Union arrangements for supervision and national arrangements for resolution and financial backstops.

The range of such supervisory arrangements should, inter alia, be set out in this Directive and the competent authorities should be able to exercise their judgment as to which arrangements should be imposed.

3. The Commission shall adopt delegated acts in accordance with Article -68 and on the basis of a joint opinion provided by ESMA, EBA, the ESCB and the competent authorities responsible for the supervision of the three clearing members established in the Member states with the largest contributions to the default fund of the CCP, determining that the legal and supervisory arrangements of a third country ensure that CCPs authorised in that third country comply with legally binding requirements which are equivalent to the requirements resulting from this Regulation and that these CCPs are subject to effective supervision and enforcement in ...[+++] that third country on an ongoing basis.

35. Recalls that the financing of other crucial elements is still pending and will need to be taken into account and agreed upon in the course of the budgetary procedure, even though they were not foreseen in the MFF for 2011: implementation of the financial supervision package consisting of the creation of a European System of Financial Supervisors (ESFS); financing for the decommissioning of the Kozloduy nuclear power plant (EUR 75 million in 2011), which was financed by the flexibility instrument in 2010; and financing of Global Monitoring for Environment and Security (EUR 10 million in 2011);