a. Considerations relating to the possibility of the United Nations serving as supervisory authority under the future protocol

a. Considerations relating to the possibility of the United Nations serving as supervisory authority under the preliminary draft protocol

The competent supervisory authority has also the power to impose a fine on anyone who

That delegation expressed the view that the assumption of the role of supervisory authority by the United Nations was totally inappropriate and in conflict with its fundamental mandate.

(c) The managerial competencies for supervisory staff so as to provide an assessment of their supervisory skills

Report of the Working Group on the question of the appropriateness of the United Nations serving as the supervisory authority under the future protocol on matters specific to space assets

Those delegations also expressed the view that there remained a risk that the United Nations might have to pay compensatory damages should it decide to assume the role of supervisory authority.

The recently created European Banking Authority has only limited powers over national supervisors, whose daily work is guided mainly by national considerations.

The oversight function of parliamentarians is an important tool in checking corruption and corrupt practices in the executive, the civil service, the judiciary, etc.

Working paper submitted by Canada, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Spain, Sweden and the United States of America

Some delegations expressed the view that there were no legal barriers to the United Nations serving as supervisory authority under the future protocol.

The view was expressed that the final decision regarding the identity of the supervisory authority remained with the diplomatic conference that would be convened to adopt the future protocol.

The view was expressed that, as there was no consensus on the United Nations assuming the role of supervisory authority, serious consideration should be given to alternative solutions.

First, the identity of the single European banking supervisor remains undecided, and the ECB has seen an opportunity for a power grab.

The view was expressed that those delegations which had objected to the United Nations serving as supervisory authority under the future protocol had not offered a detailed analysis of viable options.

Power corrupts, and financial power corrupts the financial system.

Article 6 Supervisory Committee By its decision 16 CP.7, the COP recommended to the COP MOP that it establish an Article 6 Supervisory Committee to verify emission reduction units to be transferred and acquired pursuant to Article 6 of the Kyoto Protocol.

The flow of money to the new Palestinian Authority was evident mostly in high rise buildings, which the PA built to deal with overcrowding.

(d) Report on the question of the United Nations serving as the supervisory authority under the future protocol on matters specific to space assets (A AC.105 C.2 2005 CRP.7 Rev.1)

In parallel, the European Banking Authority will continue to perform its existing tasks, namely developing the single rulebook for the entire single market and ensuring convergent supervisory practice throughout the EU.

Some delegations expressed the view that there was no legal impediment to the United Nations assuming the role of supervisory authority, and that such a role was consistent with all the purposes of the United Nations detailed in its Charter.

The view was expressed that although proposals were made during the course of discussions regarding alternatives to the United Nations assuming the role of supervisory authority, those proposals were not the subject of a detailed analysis.

The view was expressed that if the United Nations did not assume the role of supervisory authority, it should still have unlimited access to all information in the registry to be set up under the future protocol.

The view was expressed that the decision of the Subcommittee should be delayed until the Unidroit subcommittee formed to develop proposals for the international registration system had completed its consideration of the role of the supervisory authority.

With regard to the possibility of the United Nations serving as supervisory authority, his delegation took note of the concerns of certain delegations and supported further consideration of that matter by the COPUOS.

Yet the dollar, a symbol of American financial power, has surged rather than declined.

Some delegations expressed the view that acceptance by the United Nations or any of its offices of the role of supervisory authority under the future protocol was inappropriate and in conflict with the fundamental mandate of the United Nations.

The view was expressed that given the complex institutional nature of the question of the United Nations assuming the role of supervisory authority, the matter should be referred to the Sixth Committee of the General Assembly before being referred to its Fourth Committee.

The view was expressed that a precondition to the United Nations assuming the functions of supervisory authority would be that the Organization should not be responsible for any cost associated with exercising those functions and that it should enjoy immunity from liability for damages.

The case for returning fiscal responsibility to national authorities is also strong and not only because centralized fiscal authority has proved to be so inefficient.

Some delegations noted that a number of options for the supervisory authority, such as ITU, were under consideration by delegations participating in the group of governmental experts convened by Unidroit to review the future protocol, as well as the possibility of creating a committee of States parties.

are then directed to the designated authority and reviewed and evaluated by the Financial Investigations Unit (FIU).

For the financial period 2003 2004, the Authority expended 99 per cent of the contributions received.

The view was expressed that the functions of the supervisory authority should be entrusted to an existing international organization such as ITU or to an international ad hoc entity set up by the States parties to the Convention and the future protocol.

The supervisor of the home country (Italy) has the opposite interest.

Supervisors should be bound by a presumption that they will act.

In the absence of an international fiscal authority, the IMF is the organization that comes closest to being one.

In the aftermath of the 2008 financial crisis, financial institutions appear both as dangerous weapons of mass economic destruction, but also as potential instruments for the application of national power.

The Subcommittee welcomed the establishment of the open ended ad hoc working group, which had carried out its work intersessionally under the coordination of the delegation of the Netherlands, and considered the appropriateness of the United Nations serving as supervisory authority under the future protocol.

Some delegations supported the assumption by the United Nations of the function of supervisory authority and hoped that the Subcommittee would decide at its current session to recommend to the General Assembly to agree, in principle, to the assumption of that role.

Other delegations expressed the view that it was premature to discuss any formal proposal to the General Assembly before all practical issues relating to the assumption by the United Nations of the role of supervisory authority had been adequately addressed by the Subcommittee.

(a) The supervisory functions of the Authority with respect to existing contracts for exploration for polymetallic nodules

In that regard, the status of the Committee on the Peaceful Uses of Outer Space should be carefully considered in the context of the reforms taking place within the United Nations and its specialized agencies, in relation to assuming functions such as those of the supervisory authority and in the management of natural disasters.

Single supervision Within the eurozone, coordination between national supervisory bodies is no longer enough.

Close cooperation with national supervisors will be built into the framework.