Activities of Csaba MOLNÁR related to 2019/2090(DEC)
Shadow opinions (1)
OPINION on discharge in respect of the implementation of the budget of the European Banking Authority for the financial year 2018
Amendments (9)
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Emphasises that the Authority’s role in promoting a common supervisory regime across the European financial system is essential in order to ensure financial stability, a better integrated, more efficient and safer financial market, as well as a high degree of consumer protection in the Union by promoting fairness and transparency on the product and financial services market;
Amendment 3 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Recalls the importance of supervising the public financial sector, which is a necessary and truly effective instrument in combating tax fraud and money laundering;
Amendment 4 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1 c. Underlines the responsibility of the financial system in meeting sustainability challenges and ensuring that the Union meets its obligations under the Paris Agreement under the United Nations Framework Convention on Climate Change; highlights the crucial role of the Authority in integrating environmental, social and governance related factors into the regulatory and supervisory framework and in mobilising and guiding private capital flows towards sustainable investments; therefore stresses the need for sufficient resources to monitor the implementation of that framework by financial institutions and national competent authorities;
Amendment 5 #
Draft opinion
Paragraph 1 d (new)
Paragraph 1 d (new)
1 d. Notes that the Authority will see its role, powers and resources in the field of anti-money laundering and combating the financing of terrorism (AML/CFT) reinforced in the context of the new legislative proposals on which political agreement was reached in March 20191a; stresses that the Authority should take a leading role in the prevention of money laundering, taking advantage of the new competences and the creation of a new internal AML/CFT committee, and should therefore be provided with increased capacity in human and material resources to contribute effectively to the consistent and efficient prevention of the use of the financial system for the purposes of money laundering and the financing of terrorism; _________________ 1a https://ec.europa.eu/commission/presscor ner/detail/en/IP_19_1655
Amendment 6 #
Draft opinion
Paragraph 1 e (new)
Paragraph 1 e (new)
1 e. Underlines that the Authority, when carrying out its activities, needs to pay particular attention to ensuring compatibility with Union law, to respecting the principle of proportionality and to complying with the fundamental principles of the internal market;
Amendment 7 #
Draft opinion
Paragraph 1 f (new)
Paragraph 1 f (new)
1 f. Underlines the importance of an open, efficient and independent administration for all Union agencies and the Union as a whole; recalls the problem of conflict of interest arising from ‘revolving door’ situations and stresses the need for a unified legal framework to address these issues;
Amendment 10 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Takes note of the Annual report on EU agencies for the financial year 20182a of the European Court of Auditors, that interim workers should work under the same working conditions as workers employed directly by the user undertaking, however the Authority did not likely carry out any comparison between the working conditions of its own staff and those of interim workers; calls on the Authority therefore to analyse the working conditions of its interim workers and ensure that they are in line with European and national labour law; _________________ 2a https://www.eca.europa.eu/Lists/ECADoc uments/AGENCIES_2018/AGENCIES_2 018_EN.pdf
Amendment 14 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Requests that the Authority conduct an inquiry into dividend arbitrage trading schemes such as cum-ex in order to assess potential threats to the integrity of financial markets and to national budgets, to establish the nature and magnitude of actors in such schemes, to assess whether there were breaches of either national or Union law, to assess the actions taken by financial supervisors in Member States, and to make appropriate recommendations for reform and for action to the competent authorities concerned;
Amendment 19 #
Draft opinion
Paragraph 5
Paragraph 5
5. Recalls that 100 % of the budgetary surplus has been allocated to the Commission whereas Member States consider that 60 % thereof should be refunded to them; calls on the Commission to resolve that issuefind a balanced solution;