46. This will also concern the deployment of smart mobility systems developed through EU-funded research, such as the air traffic management system of the future (SESAR), the European rail traffic management system (ERTMS) and rail information systems, maritime surveillance systems (SafeSeaNet), River Information Services (RIS), intelligent transport systems (ITS), and interoperable interconnected solutions for the next generation of multimodal transport management and information systems (including for charging).

· Deployment of smart mobility systems such as the air traffic management system of the future (SESAR), the European rail traffic management system (ERTMS) and rail information systems, maritime surveillance systems (SafeSeaNet), River Information Services (RIS), ITS, and the next generation of multimodal traffic management and information systems.

whereas the crisis also showed close links between risk management and remuneration policy and the importance of the latter in the mechanisms governing the proper functioning of companies; for this reason risk management should be duly taken into account when devising remuneration policy so as to enable effective risk management systems to be built into a broader, balanced approach to governance, and to ensure that if incentive systems are set up, care is taken to provide appropriate risk management systems as a counterbalance,

28. Believes that introducing principle-based provisions on risk management systems at Level 1 will help ensure financial stability and convergence in supervisory practices; expects the Commission therefore, once the legislative work on the evised UCITS III is completed, to draw up a list of principle-based criteria for the use of risk management systems, bearing in mind that such systems should correspond to the individual risk profile of each fund; calls on the Commission to examine whether management companies should be obliged to explain the appropriateness of a certain system and whether a general requirement for pre-authorisation ...[+++] of risk management systems through the supervisor or a clearer role of the depositary in the investment activity oversight are necessary; calls on CESR to complete its work on the harmonisation of risk measurement systems and to begin looking at liquidity management;

28. Believes that introducing principle-based provisions on risk management systems at Level 1 will help ensure financial stability and convergence in supervisory practices; expects the Commission therefore, once the legislative work on the evised UCITS III is completed, to draw up a list of principle-based criteria for the use of risk management systems, bearing in mind that such systems should correspond to the individual risk profile of each fund; calls on the Commission to examine whether management companies should be obliged to explain the appropriateness of a certain system and whether a general requirement for pre-authorisation ...[+++] of risk management systems through the supervisor or a clearer role of the depositary in the investment activity oversight are necessary; calls on CESR to complete its work on the harmonisation of risk measurement systems and to begin looking at liquidity management;

28. Believes that introducing principle-based provisions on risk management systems at level 1 could help increase convergence in supervisory practices; thus expects the Commission, once the legislative work on the UCITS III revision is completed, to draw up a list of principle-based criteria for the use of risk management systems, bearing in mind that such systems should correspond to the individual risk profile of each fund; calls on the Commission to examine whether management companies should be obliged to explain the appropriat ...[+++]eness of a certain system and whether a general requirement for pre-authorisation of risk management systems through the supervisor or a clearer role of the depositary in the investment activity oversight are necessary; calls on CESR to complete its work on the harmonisation of risk measurement systems;