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

Financial authority

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

The financial management and oversight capacity of UNEP will be enhanced on the basis of the expected recommendations of the management review of UNEP.

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

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.

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.

Power corrupts, and financial power corrupts the financial system.

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.

(a) Draft financial rules, regulations and procedures of the organs of the Authority and the financial management and internal financial administration of the Authority

Documents relevant to the implementation of resolution II final draft rules of procedure for the organs of the Authority final draft relationship agreements of the Authority documents on the Finance Committee and on the administrative arrangements, structure and financial implications of the Authority.

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.

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.

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.

Further development of a strategic approach

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) Finances (reimbursements, use of the Peace keeping Reserve Fund, delegation of authority).

It would be possible to delegate to the head of the Convention secretariat an appropriate degree of authority for financial management.

Section 9 establishes a Finance Committee within the Authority which is essentially a technical body charged with the responsibility of overseeing the financial implications of the decisions of the Authority.

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

(d) The delineation of authority with regard to the administration and or coordination of available financial resources.

(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)

The second is financial authority, including the authority to establish budgets and decide on the use of resources.

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

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

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

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.

20. To balance this increased financial authority, the following procedures are also being enacted

The end result will be world monopoly based not on human life but financial and corporate power.

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.

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.