Activities of Barbara KAPPEL related to 2016/2186(DEC)
Shadow reports (1)
REPORT on discharge in respect of the implementation of the budget of the European Banking Authority for the financial year 2015 PDF (310 KB) DOC (68 KB)
Shadow opinions (1)
OPINION on discharge in respect of the implementation of the budget of the European Banking Authority for the financial year 2015
Amendments (11)
Amendment 8 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that the European Parliament and the Council reduced the Authority’s 2015 financial resources by 6 % compared to the previous year, despite allocating higher staffing levels; notes with concernwelcomes that, in order to implement those cuts, the Authority had to reduce its work programme and cut costs in areas such as operational missions and meetings, operational IT projects and staff training; acknowledges furthermore that the euro lost significant value against the pound sterling over the course of the year, forcing the Authority to request an amending budget of EUR 1,9 million, which was adopted in August 2015, in order to enable it to meet its financial obligations,;
Amendment 10 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Welcomes the factNotes that the Authority’s 2016 budget was significantly improved, due to the Authority and the European Parliament and the Council taking on board the lessons learned from the previous year’s process, which resulted in an increase of 20 % compared to the 2015 initial budget;
Amendment 11 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Calls on the Authority to further lower the volume to be carried over to the next year.
Amendment 12 #
Draft opinion
Paragraph 3
Paragraph 3
3. Believes that the initial budget cuts should not have been implemented by postponing the publication of standards and guidelines or by cutting attendance in BCBS working groups, but by ending financing of non-core related activities; stresses, therefore, that any potential increases in EBA's means must be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
Amendment 18 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that the Authority adopted a conflict of interest policy in October 2014 and has ethics guidelines in place since 2012; acknowledges that during the recruitment procedure, future staff must declare potential conflicts of interest, in addition to the assessment of their curriculum vitae; takes note that all staff must declare potential conflicts of interest on an annual basis, which are assessed by the Authority’s ethics officer; notes that the members of the Board of Supervisors and their alternates must also declare their actual or potential conflicts of interest, including economic interests, in particular any holdings in shares of financial institutions; notes further that all these declarations and those of the Authority’s senior management are published on its website and are updated annually; notes, however, that the curriculum vitaes of neither the Management Board nor the Board of Supervisors are published on the Authority’s website; calls on the Authority to do so within due time; calls on the Authority to inform the discharging authority on alleged and actual conflicts of interests, how such issues have been resolved, and how the Authority intends to avoid them in the future;
Amendment 23 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes note that the Authority closely cooperates with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) across all support functions in order to reduce administrative costs were possible, to leverage synergies and to share best practices; looks forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs;
Amendment 24 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Highlights the importance of contributions of national competent authorities in guaranteeing national interests; points out that the banking industry already contributes heavily to regulation and supervision (e.g. SSM fees 2016: € 404.5 mn; SRB contributions 2017: € 90.7 mn);
Amendment 27 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Acknowledges a deteriorating profitability of EU banks as pointed out in the Eurofi Financial Forum 2016 in Bratislava and stresses the financial impact of low and negative interest rates; takes note that any possible shift in financing arrangements by market participants should be postponed until the systemic risk sensitivity in the aftermath of the crisis has been solved;
Amendment 29 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Recalls that the Authority’s mixed financing arrangement, which relies heavily on contributions from national competent authorities, is inadequate, inflexible, burdensome and a potential threat to its independence; therefore calls on the Commission, in the White Paper planned for the second quarter of 2016 and in a legislative proposal to be presented by 2017, to launch a different financing arrangement based on a separate budget line in the budget of the Union and on the complete replacement of the contributions from national authorities by fees paid by market participaCalls on the Commission, in the White Paper planned for the second quarter of 2016 and in a legislative proposal to be presented by 2017, to propose a possible alternative financing arrangements;
Amendment 34 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Stresses that, while making sure that all assignments are carried out in full, EBA must carefully stick to the tasks assigned to it by the Union legislator and must not seek to de facto broaden its mandate beyond those assignments;
Amendment 36 #
Draft opinion
Paragraph 6 b (new)
Paragraph 6 b (new)
6 b. stresses that, when carrying out its work and in particular when drafting technical standards and technical advice, EBA needs to timely, regularly and comprehensively inform the European Parliament about its activities; regrets that this has in the past not always been done.