23.2.2010   

EN

Official Journal of the European Union

CE 45/15

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having regard to Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (1), in particular Article 150(1) thereof,

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having regard to the draft Commission directive amending certain annexes to Directive 2006/48/EC of the European Parliament and of the Council as regards technical provisions concerning risk management,

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having regard to the Commission proposal of 1 October 2008 for a Directive of the European Parliament and of the Council amending Directives 2006/48/EC and 2006/49/EC as regards banks affiliated to central institutions, certain own funds items, large exposures, supervisory arrangements, and crisis management (COM(2008)0602) (proposal for a review of the CRD),

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having regard to the Commission proposal of 12 November 2008 for a Regulation of the European Parliament and of the Council on Credit Rating Agencies (COM(2008)0704) (proposal for a CRA Regulation),

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having regard to Article 5a(3)(b) of Council Decision 1999/468/EC of 28 June 1999 laying down the procedures for the exercise of implementing powers conferred on the Commission (2),

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having regard to Rule 81(2) and (4)(b) of its Rules of Procedure,

A.

whereas the Commission has put forward its proposal for a review of the CRD,

B.

whereas the Commission has also put forward a draft directive amending certain annexes to Directive 2006/48/EC of the European Parliament and of the Council as regards technical provisions concerning risk management, which includes provision concerning disclosure by External Credit Assessment Institutions (ECAIs),

C.

whereas the Commission subsequently put forward its proposal for a CRA Regulation,

D.

whereas disclosure and transparency obligations on ECAIs and Credit Rating Agencies should be dealt with coherently and consistently,

E.

whereas the disclosure obligations relating to ECAIs proposed by the Commission go beyond a technical adjustment and therefore require appropriate consideration by Parliament and should be dealt with in accordance with the codecision procedure,

F.

whereas such coherence and consistency and Parliament's appropriate consideration require that the provision concerning disclosure obligations relating to ECAIs be dealt with, in accordance with the codecision procedure, in the framework of either the proposal for a review of the CRD or the proposal for a CRA Regulation,

G.

whereas it supports the remaining technical amendments,