7 Amendments of Paul TANG related to 2020/2175(DEC)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. AcknowledgeHighlights that, in the opinion of the Court of Auditors, the transactions of the European Insurance and Occupational Pensions Authority (the ‘Authority’) underlying the annual accounts for the year 2019 are legal and regular in all material aspects;
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Welcomes the Authority’s efforts towards a more coordinated supervisory regime across the European financial system; underlines its role to ensure a stable, well-integrated, efficient and safe financial market; highlights the importance of consumer protection in the Union by promoting fairness and transparency on the product and financial services market, and looks forward to receiving an update on future measures taken in this direction, including also responses to the challenges of the digitalisation of the economy and sustainability measures;
Amendment 3 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Welcomes the Authority’s new measures with a view to increased consumer protection, including bilateral country visits with focus on conduct issues, NCAs support and the development of cooperation platforms focusing on cross-border issues so as to address the need for closer supervision in certain Member States addressing thereby vulnerabilities in the insurance markets and protecting consumers from unfair practices of multinational insurance companies;
Amendment 4 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1 c. Underlines the duty of the financial system in responding appropriately to the financial sustainability challenges, the European Green Deal and the Paris Agreement;
Amendment 5 #
Draft opinion
Paragraph 1 d (new)
Paragraph 1 d (new)
1 d. Underlines the importance of an open, efficient and independent European administration for all European agencies and the whole Union; welcomes in this regard EIOPA’s Ethics Rules revision, which is yet to be approved by the Commission, and welcomes EIOPA’s work towards deeper cooperation with the other agencies, but recalls the need for a unified legal framework to address these issues;
Amendment 6 #
Draft opinion
Paragraph 2
Paragraph 2
2. SGenerally welcomes EIOPA’s efforts towards increased efficiency in its recruitment process, by inter alia coordinating on existing tools from other EU institutions and authorities; shares the Court’s observation that to compensate for a shortage of posts the Authority relies on consultants and interim staff, which may pose risks if too few qualified staff are to supervise complex work of external contractors or cause risks of contractual litigation; notes recent improvements of shifting human resources allocation from regulatory towards supervisory tasks and understands that regulatory tasks will increase in the near future with major upcoming regulatory reviews, which will pose further structuring challenges; welcomes moreover recent efforts towards a more gender balanced staffing policy;
Amendment 13 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Stresses the urgency to allocate sufficient resources to the Authority to allow it to carry out its allocated tasks in an adequate and efficient manner;