Translation of "Engagements bancaires " (French → English) :

As part of this restructuring, the UK had committed to divest RBS's UK retail and SME banking operations, Williams Glyn (also known as "Rainbow"), to remedy competition concerns in the concentrated UK SME banking sector, where RBS is the leading bank.

B. whereas the current approach being taken with banking control is one of ‘prudential supervision’, based on the notion that all banking and finance risks are predictable, and that any bank can therefore undertake any financial activity by taking on financial risk capital that is weighted according to parameters;

6. Believes that a fuller overview and better monitoring and analysis will allow the identification both of those aspects of the SB system which have beneficial effects for the real economy and of those raising concerns related to systemic risk or regulatory arbitrage; stresses the need for stronger risk assessment procedures and for disclosure and oversight in respect of all institutions presenting a concentrated risk profile with systemic relevance; recalls the commitments made by the G20 at its Los Cabos summit to establish a legal entity identifier system, and stresses the need to ensure the adequate representation of European inte ...[+++]rests in its governance;

AZ. whereas Parliament has repeatedly and consistently asserted that there is an urgent need for additional and far-reaching measures to solve the crisis in the banking sector; whereas a distinction should be made between short-term measures to stabilise an acute bank crisis situation and medium and long-term measures, including the G-20 commitment to the timely, full and consistent implementation of internationally agreed rules on bank capital, liquidity and leverage, aimed at the realisation of a fully operational European banking union;

AZ. whereas Parliament has repeatedly and consistently asserted that there is an urgent need for additional and far-reaching measures to solve the crisis in the banking sector; whereas a distinction should be made between short-term measures to stabilise an acute bank crisis situation and medium and long-term measures, including the G-20 commitment to the timely, full and consistent implementation of internationally agreed rules on bank capital, liquidity and leverage, aimed at the realisation of a fully operational European banking union;

An internal selection limited to staff who have contracts with the Committee of European Banking Supervisors or its Secretariat shall be carried out after the entry into force of this Regulation by the authority authorised to conclude contracts in order to check the ability, efficiency and integrity of those to be engaged.