Activities of Ildikó GÁLL-PELCZ related to 2013/2239(DEC)
Shadow opinions (1)
OPINION on discharge in respect of the implementation of the budget of the European Securities and Markets Authority for the financial year 2012
Amendments (8)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Recalls that the European Parliament was a key driver in the establishment of the ESMA and that the European Supervisory Authorities (ESA's) are still in a setting-up phase; considers, therefore, that better coordination and supervision of these authorities are needed at European level;
Amendment 2 #
Draft opinion
Paragraph 2
Paragraph 2
2. Believes that the Authority's role in promoting stable and safe financial markets, in the stability of the European financial system and in bringing about secure operation of the European equities market is essential for the economic recovery and the creation of sustainable jobs and growth in Europe;
Amendment 3 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes that as on September 2013 three corrective actions were finalised following the comments of the Court of Auditors in 2011 and recalls that this process must be fully completed including the suggested cancellation of carry-overs and also including transparency of selection procedures and including inadequacies of budgetary planning;
Amendment 4 #
Draft opinion
Paragraph 5
Paragraph 5
5. Notes that corrective actions as regards budgetary planning and implementation, the management of fixed assets and the transparency of recruitment processes are still ongoing and are still, but are definitely needed;
Amendment 6 #
Draft opinion
Paragraph 7
Paragraph 7
7. Stresses that the additional tasks entrusted to ESMA as well as future tasks envisaged in the legislative proposals yet to be agreed will require budgetary increases and new human resources in order to fulfil their supervisory role in a satisfactory manner; considers this to be extremely important, as the tasks of the supervisory authorities are changing in these very years, so that in the years ahead they are likely to increase most;
Amendment 7 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Notes furthermore that the introduction of the new human resources mentioned in the text – if rendered necessary by the accumulation of duties – is acceptable, although it might be more rational first to regroup the duties, or to complete increases in efficiency, before we increase the staff establishment by specific numbers;
Amendment 8 #
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Considers that the current financing of ESMA, which is based on a mixed financing system, is inflexible and creates administrative burdens, and that therefore, in order to improve efficiency and independence, the Authority’s current financing should be reviewed, so that after a certain period the budget of the European supervisory authorities is entirely funded from the European Union budget;
Amendment 11 #
Draft opinion
Paragraph 8
Paragraph 8
8. Concludes, for precisely that reason, that the current financing arrangements of ESMA may pose a threat to its independence and therefore calls on the Commission to proposcreate an independent budget line for it during the review of its regulation.