Activities of Barbara KAPPEL related to 2016/2188(DEC)
Shadow reports (1)
REPORT on discharge in respect of the implementation of the budget of the European Securities and Markets Authority for the financial year 2015 PDF (306 KB) DOC (66 KB)
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 2015
Amendments (6)
Amendment 9 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Observes from the Court’s report that the level of committed appropriations carried forward to 2016 was at 26 % for Title II (administrative expenditure) and at 33 % for Title III (operational expenditure); notes that these carry forwards are mainly related to the multiannual nature of the Authority’s large IT projects, as well as mission expenses that could only be reimbursed in 2016; points out that the carryovers are often partly or fully justified by the multiannual nature of the centre’ operational programmes, and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annularity, in particular if they are planned in advance by the Centre and communicated to the Court; asks the Agency to keep volume to be carried over to the next year as low as possible;
Amendment 14 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that Management Board members of the Authority are required to sign a declaration of the absence of conflict of interest in contrast to a declaration of interests, but that declarations and the CVs of its Board members are not published on the Agency’s website; notes that this practice does not further transparency and that their declarations and CVs should therefore be published without delay;
Amendment 15 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Notes with satisfaction that the Authority has taken specific initiatives in order to increase transparency relating to its contacts with stakeholders and that are governed by its Ethics Rules; notes also that engagements with stakeholders are centrally coordinated and recorded as part of its external communications policy and procedures; observes that the Authority publishes the agendas of the Chairman and the Executive Director on its website, indicating their participation in conferences, meetings with stakeholders, media representatives as well as any other institutions and relevant activities, and furthermore since July 2016, the Authority also publishes on its website meetings between external stakeholders and ESMA staff; asks the Authority to inform the discharge authority on ethics rules alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
Amendment 15 #
Draft opinion
Paragraph 3
Paragraph 3
3. Welcomes the initiative reducing the 2015 budget through two subsequent budget amendments, thereby using Union funds rationally; believes that ESMA’s budget still has rationalisation potential; stresses, therefore, that any potential increases in ESMA’s means should 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 25 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 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 million; SRB contributions 2017: € 90.7 million);
Amendment 27 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4 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;