19. Recalls its position that the multitude of different forms in the existing agencies' structures was thought to be "neither transparent nor comprehensible, and, even bearing in mind the differences in tasks, not justified"; invites the Commission to conduct a review of all the existing agencies with a view to proposing, where appropriate, amendments to their basic instruments so as to adapt them to the models that the future regulatory framework should encompass; instructs its ...[+++]competent committees to follow up this comprehensive review exercise, which should be conducted as soon as possible, and to take into consideration the horizontal issues mentioned in this discharge resolution;

The competent authorities may allow the capital requirement for an exchange‐traded future to be equal to the margin required by the exchange if they are fully satisfied that it provides an accurate measure of the risk associated with the future and that it is at least equal to the capital requirement for a future that would result from a calculation made ...[+++]using the method set out in this Annex or applying the internal models method described in Annex V. The competent authorities may also allow the capital requirement for an OTC derivatives contract of the type referred to in this point cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the derivatives contract and that it is at least equal to the capital requirement for the contract in question that would result from a calculation made using the method set out in the this Annex or applying the internal models method described in Annex V.

1. Stresses that the Northern Dimension must be given a higher profile in order to attain its objectives, that improved coordination between the various actors involved remains a key challenge and that the Northern Dimension should receive the same attention as other regional cooperation models; calls on the Commission and the current and incoming Presidencies-in-Office to guarantee the successful continuation of the ongoing negotiations on the future of the No ...[+++]rthern Dimension and to fully involve the European Parliament in that work;

The competent authorities may allow the capital requirement for an exchange-traded future to be equal to the margin required by the exchange if they are fully satisfied that it provides an accurate measure of the risk associated with the future and that it is at least equal to the capital requirement for a future that would result from a calculation made ...[+++]using the method set out in this Annex or applying the internal models method described in Annex V. The competent authorities may also allow the capital requirement for an OTC derivatives contract of the type referred to in this point cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the derivatives contract and that it is at least equal to the capital requirement for the contract in question that would result from a calculation made using the method set out in the this Annex or applying the internal models method described in Annex V.

19. For transactions with a non-linear risk profile or for payment legs and transactions with debt instruments as underlying for which the credit institution cannot determine the delta or the modified duration, respectively, with an instrument model that the competent authority has approved for the purposes of determining the minimum capital requirements for market risk, the competent authority shall determine the size of the risk positions and the applicable CCRMjs conservatively.

The discussion which took place within the Conference itself demonstrated that there were issues that were ripe for debate after Nice: the incorporation of the Charter of Fundamental Rights into the Community legal system, as Mr Védrine said; the reorganisation of the Treaties on the basis of existing texts to present the aims and working methods of the Union to the public in a clearer way; making a clear distinction between the competences of the Union and the competences of the Member States; and last, but by no means least, if I am not mistaken about the tone of the debate and about the outlook for Europe's ...[+++]future, the issue of what the balance between the European Union's institutions should look like in the future, in the spirit of an institutional model, the Community model, which has stood the test of time.