Translation of "Sous-groupe sur la gestion des risques interarmées " (French → English) :

75. Notes with satisfaction that the Risk Manager took up his functions on 1 June 2010 and reports directly to the Secretary-General; understands that it is not possible to staff the service fully in 2011 and that the first risk profile is expected to be presented during the first half of 2011 and the approach and strategy for risk management will be developed under the authority of the Secretary-General by summer 2011; expects its competent committee to be fully informed of any new development and strategic document regarding Parliament's risk management and to be provided with the Risk Manager's annual activity report from the 2010 d ...[+++]ischarge exercise;

In this regard, the Commission should be able to request the Authority to contribute to the assessment referred to in Article 242 of Directive 2009/138/EC, in particular as regards the cooperation of supervisory authorities within, and functionality of, the colleges of supervisors; the supervisory practices concerning setting the capital add-ons; the assessment of the benefit of enhancing group supervision and capital management within a group of insurance or reinsurance undertakings, including possible measures to enhance the sound cross-border management of insurance groups, notably in respect of risks and assets; and reporting on a ...[+++]ny new developments and progress concerning a set of coordinated national crisis management arrangements, including the necessity or otherwise of a system of coherent and credible funding mechanisms, with appropriate financing instruments.

The Authority may be requested by the Commission to contribute to the assessment referred to in Article 242 of Directive 2009/138/EC, in particular as regards the cooperation of supervisory authorities within, and functionality of, colleges of supervisors; the supervisory practices concerning setting the capital add-ons; the assessment of the benefit of enhancing group supervision and capital management within a group of insurance or reinsurance undertakings, including possible measures to enhance a sound cross-border management of insurance groups, in particular in respect of risks and asset management; and may report on any new deve ...[+++]lopments and progress concerning:

26. Backs the Commission in its plan to establish CCPs under agreed European standards, overseen by ESMA; and demands that key market participants should not have a controlling influence on the governance and risk management of the CCPs but should be included in the risk management board; takes the view that, additionally, mechanisms to make useful contributions to the risk management process should be proposed;

26. Backs the Commission in its plan to establish CCPs under agreed European standards, overseen by ESMA; and demands that key market participants should not have a controlling influence on the governance and risk management of the CCPs but should be included in the risk management board; takes the view that, additionally, mechanisms to make useful contributions to the risk management process should be proposed;

1. Welcomes the Commission's efforts to put forward various risk and crisis management options for discussion, but questions the one-sided approach, based on compensation and indemnification, underpinning the proposals; calls on the Commission to pay greater attention to preventive measures to reduce risks and avert crises such as the use of vaccination and better surveillance for illegal imports;