8 Amendments of Elisabeth SCHROEDTER related to 2012/2027(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the Commission’s proposal to enhance the use of financial instruments (FI) in the next programming period (2014- 2020); stresses that at a time of heavy fiscal constraint and reduced lending capacity on the part of the private sector, the increased use of innovative FI can foster public-private partnerships, achieve a multiplier effect with the EU budget, open up alternative sources of finance and guarantee an important financing stream for strategic regional investments; believes that, if used for appropriate projects, FI could, as a complement to grants, evolve to become an important aspect of the EU’s regional growth strategies; states that FI are appropriate if, as a result of the support provided, a project generates income and profits, so that credit and loans can be paid back;
Amendment 6 #
Draft opinion
Paragraph 2
Paragraph 2
2. Urges a legal definition of FI to be included in the upcoming revised Financial Regulation and to become a coherent reference in all legislative acts dealing with FI; stresses the importance of guaranteeing clarity, simplicity and transparency of the FI legal framework in a timely manner and before the start of the next programming period, so as to ensure that FI are attractive to public and private investors and, at the same time, that democratic control over EU resources is ensured;
Amendment 9 #
Draft opinion
Paragraph 3
Paragraph 3
3. Underlines the importance of the ex ante assessment in identifying situations of market failure or sub-optimal investment; calls on the Commission to introduce relevant requirements regarding the role and application of the ex ante assessment into the relevant regulation as part of the basic act; states that these requirements include compliance with EU law and national law at least, as well as compliance with the transparency requirements for public monies;
Amendment 11 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the application of FI being extended under the cohesion policy to all thematic objectives and all CSF funds ,or to those projects and project groups or parts of programmes that will generate income and profits and that are therefore appropriate for financial instruments, in the next programming period; stresses, nevertheless, that a better overview of applied FI is necessary in order to mitigate the risk of a lack of coordination and overlapping of different schemes;
Amendment 12 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the application of FI being extended under the cohesion policy to all thematic objectives and all CSF funds ,or to those projects and project groups or parts of project programmes that will generate income and profits and that are therefore appropriate for financial instruments, in the next programming period; stresses, nevertheless, that a better overview of applied FI is necessary in order to mitigate the risk of a lack of coordination and overlapping of different schemes;
Amendment 14 #
Draft opinion
Paragraph 5
Paragraph 5
5. BelievesConsiders it necessary that adequate monitoring, reporting and auditing and the application of EU transparency rules for the portion of EU resources in the financial instruments are of the utmost importance in order to ensure that EU resources are being used for the purpose intended; calls on the Commission to strengthen the reporting requirements for managing authorities during the programming period, introduce sufficiently frequent audits and deliver to the European Parliament an annual synthesis report on the use and effectiveness of FI across the various CSF funds, thematic objectives and Member States;
Amendment 17 #
Draft opinion
Paragraph 6
Paragraph 6
6. Is concerned about the limited institutional capacity of the Commission to accommodate the projected increased role of FI; believes that know-how and the technical capacity for using and managing FI should also be strengthened at the level of managing authorities, financial intermediaries and banks; stresses that better knowledge of FI among those responsible for implementation of public policies is vital in order to remove constraints of a cultural nature and promote the success of FI, while at the same time ensuring democratic control;
Amendment 21 #
Draft opinion
Paragraph 7
Paragraph 7
7. Acknowledges the increased role for cities in the programming and implementation of CSF funds in the next programming period; calls, therefore, on the Commission to further clarify the procedural and practical implications of the stronger role for cities in the development and implementation of FI and, at the same time, to ensure use of public participatory processes for these projects too;