Translation of "translation of surveillance prudentielle " (French → English) :

financial supervision [ ESFS | European Supervisory Framework | European System of Financial Supervision | EU Supervisory Framework | financial market supervision | financial surveillance | prudential control | prudential supervision | supervision of financial institutions ]

supervisory review process

prudential control | prudential supervision

Single Supervisory Mechanism Supervisory Board | SSM Supervisory Board | Supervisory Board | Supervisory Board of the ECB | Supervisory Board of the European Central Bank

financial intermediary supervised under special legislation | financial intermediary subject to supervision under special legislation | financial intermediary subordinated to prudential supervision

supervision set up by a special legislation | prudential supervision

Enhancing the Supervision of Pension Plans under the Pension Benefits Standards Act, 1985 [ Enhancing the Supervision of Pension Plans under the Pension Benefits Standards Act, 1985: Changes to the Prudential and Supervisory Framework for Federally-Regulated Private Pension Plans ]

For this purpose the Commission will propose, by the end of 2016, legislation on business insolvency and early restructuring, building on the experience with the Recommendation issued by the Commission in 2014 on a new approach to business failure and insolvency; increasing legal certainty on the effects of assignment of claims on third parties (where the original creditor transfers the claim to someone else); and improving the quality of supervision through convergence of supervisory outcomes.

Taking account of the principle of separation and the establishment of the Supervisory Board and the Administrative Board of Review, two distinct procedures should apply: (a) where the ECB contemplates the imposition of administrative penalties in the exercise of its supervisory tasks, decisions to this effect are taken by the Governing Council of the ECB based on a complete draft decision from the Supervisory Board and subject to review by the Administrative Board of Review; and (b) where the ECB contemplates the imposition of sanctions in the exercise of its non-supervisory tasks, decisions to this effect are taken by the Executive Bo ...[+++]ard of the ECB and subject to review by the Governing Council of the ECB.

Furthermore, the Single Resolution Mechanism is imbricated to the process of harmonisation in the field of prudential supervision, brought about by the establishment of the European Banking Authority, the single rule book on prudential supervision (Regulation 575/2013 and Directive 2013/36), and, in the participating Member States, the establishment of a Single Supervision Mechanism to which the application of Union prudential supervision rules is entrusted.

50. Recalls the necessity of a European prudential supervisory system under which the EIB should be subjected to the same prudential rules as credit establishments; such prudential control should oversee the quality of the EIB's financial situation and ensure that its results are accurately measured and the profession's rules of good conduct are observed; reiterates the call of the EP to subject the EIB to prudential regulatory supervision;