1 Amendments of Paul TANG related to 2016/2047(BUD)
Amendment 37 #
Draft opinion
Paragraph 3
Paragraph 3
3. Points out the present and future role of the three European Supervisory Authorities (ESAs) in relation to Union- level financial supervision, the capital market union1a and the banking union; emphasises that the 2017 draft budget must provide sufficient resources for the ESAs to fulfil their mandate; points out that the budget foreseen in the multi- annual financial framework provides sufficient resources to deal with the tasks at hand; __________________ 1aProposals of the Commission launched in the context of the Capital Market Union expand the responsibilities for ESAs, in particular ESMA, which should be met by sufficient resources (e.g. COM/2015/0472 on securitisation).