Examples of using Supervisory function in English and their translations into Greek
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Costs of the supervisory function in 2015.
Such annual statements should be also made by persons exercising the supervisory function.
The body entrusted with the supervisory function shall report on the exercise of its responsibilities to the general meeting of members.
Accountability arrangements 47 90 Formal performance indicators are a common part of the supervisory function in other jurisdictions.
It is only when the parliaments take on this supervisory function that we can ensure that financial aid reaches the areas where it is needed.
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The decision sets out the ECB's arrangements for complying with the separation of the monetary policy function from the new supervisory function under SSM.
( c) the management body( supervisory function) of the credit institution establishes the general principles of the remuneration policy and is responsible for its implementation;
Supervision of Private Insurance Banking Supervision This section presents the supervisory function of the Bank of Greece in the new financial environment.
That separation should not prevent the resolution function from having access to any information available to the supervisory function.
This means that, in order to fulfil its supervisory function, the EPPO's Central Office needs sufficient staff and resources, including national legal experts54.
The internal credit quality assessment procedure shall be approved by the senior management, the governing body, and,where it exists, the supervisory function of the manager of an MMF.
For the purposes of this Article, the supervisory function shall be the function within an investment firm responsible for the supervision of its senior management.
From an institutional perspective,the SSM Regulation provides specific safeguards against any conflict of interests by enshrining the principle of separation of the monetary policy and the supervisory function.
For the purpose of exercising their supervisory function, national supervisory authorities shall have access to the offices and documents of their respective liaison officers at Europol.
On behalf of the ALDE Group.- Mr President,I think it is fair to remind ourselves what would be the position without the existence of these regulatory agencies performing a vital supervisory function at the federal level.
Each member of the body exercising the supervisory function shall make an annual individual statement on conflict of interest containing the information referred to in the second subparagraph of Article 9.
Instead, administrative complaints can be lodged with local orregional administrative authorities with a supervisory function, such as a superior municipal authority, the above-mentioned ETE-centre or the RSA-agency.
GRECO also acknowledged the amendments that were made to the rules on judicial recruitment and selection procedures between 2012 and2014 in Hungary, through which the NJC received a stronger supervisory function in the selection process.
To this end,collecting societies should establish a supervisory function appropriate to their organisational structure and allow members to be represented in the body that exercises this function. .
( d) the implementation of the remuneration policy is, at least annually, subject to central and inde pendent internal review for compliance with policies andprocedures for remuneration defined by the management body( supervisory function);
Member States shall ensure that the collective management organisation has a body entrusted with a supervisory function which is responsible for continuous monitoring of the activities and the performance of the duties of the persons who manage the business of the organisation.
(20) All board systems distinguish between executive directors, who are involved in the daily management of the company, and non-executive directors who arenot involved in the daily management, but do perform a supervisory function.
Furthermore, there is a risk to the perceived independence of the supervisory function, in that the Chair and Vice-Chair of the Supervisory Board are only consulted and do not exercise control over the supervisory budget or human resources(paragraphs 47 to 52).
( d) the implementation of the remuneration policy is, at least annually, subject to central and inde pendent internal review for compliance with policies andprocedures for remuneration defined by the management body( supervisory function);
This runs counter to the principle of transparency and limits the role of Parliament,which after all must perform a supervisory function. Influence over the negotiating process would allow Members to discharge their mandate properly as Members of the European Parliament.
The fact that the Supervisory Board does not exercise control over the supervisory budget or human resources is in the ECB's view compatible with the principle of separation anddoes not jeopardise the independence of the ECB's monetary policy and its supervisory function.
In a two-tier management body, the supervisory function is performed by a separate supervisory board which has no executive functions, and the executive function is performed by a separate management board which is responsible and accountable for the day-to-day management of the bank.
This is said to create the moral hazard of excessive risk-taking by the supervised entities, since the central bank would come to the rescue of the banks via emergency liquidity assistance( or by manipulating interest rates),possibly also seeking to cover up a failure in the supervisory function.
Depending on the organisational structure of the collective management organisation, the supervisory function may be exercised by a separate body, such as a supervisory board, or by some or all of the directors in the administrative board who do not manage the business of the collective management organisation.
The planning and execution of the supervisory activity is undertaken by the Supervisory Board, while the Governing Council remained responsible as final decision maker andfor the overall governance of the ECB which encompasses both the monetary and the supervisory function.