Activities of Ralph PACKET related to 2018/2203(DEC)
Shadow opinions (1)
OPINION on discharge in respect of the implementation of the budget of the European Insurance and Occupational Pensions Authority for the financial year 2017
Amendments (10)
Amendment 3 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Acknowledges that the European Insurance and Occupational Pensions Authority’s task is to contribute to the establishment of high-quality common regulatory and supervisory standards and practices, to contribute to the consistent application of legally binding Union acts, to stimulate and facilitate the delegation of tasks and responsibilities among competent authorities, to monitor and assess market developments in the area of its competence and to foster the protection of policyholders, pension scheme members and beneficiaries;
Amendment 6 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Emphasises the necessity to cooperate efficiently with national competent authorities and, where appropriate, with institutions responsible for international supervision;
Amendment 7 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that, while making sure that all assignments resulting from the regulatory framework laid down by the European Parliament and Council are carried out in full and within deadline, the Authority should carefully adherestick to the tasks and the mandate assigned to it by the European Parliament and the Council, so as to achieve optimal use of resources and achievement of objectives;
Amendment 12 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that the Authority should pay particular attention to the principle of proportionality; underlines that, in particular when formulating Level 2 and Level 3 measures, attention should be devoted to specific features of national financial markets;
Amendment 14 #
Draft opinion
Paragraph 3
Paragraph 3
3. Takes note of the Authority’s efforts to reallocate internally the Authority’s budgetary and personnel resources, as the Authority’s workload is increasingly shifting from regulatory tasks to supervisory convergence and enforcement; stresses, in this respect, the need to ensure an appropriate level of prioritisation as regards resource allocation;
Amendment 17 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Believes that any potential increase in the Authority’s means must be accompanied by adequate rationalisation measures;
Amendment 18 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Notes that the total number of staff stood at 151 at the end of 2017, compared to 139 at the end of 2016;
Amendment 19 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses the need to allocate moresufficient resources, to address existing anti money laundering competences and to ensure a swift exchange with the European Banking Authority regarding money laundering and countering the financing of terrorism; asks the Authority to develop common guidance in exchange with EBA and ESMA on how to integrate AML/CFT risks in prudential supervision;
Amendment 24 #
Draft opinion
Paragraph 5
Paragraph 5
5. Draws attention to the fact that the Authority’s budget is financed partlyby 40% from European Union funds and partlyby 60% through direct contributions from the Member States’ supervisory authorities; highlights that the Authority’s revenue will decrease as a result of the United Kingdom’s decision to withdraw from the Union, and stresses the need to find adequate arrangements for its funding.;
Amendment 25 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Stresses, however, that the United Kingdom’s withdrawal from the Union might also imply a shift away from tasks and activities related to credit and financial institutions based in the United Kingdom, which should be reflected in the Authority’s budgetary and personnel resources; notes, in this respect, that the United Kingdom’s withdrawal from the Union provides a rationalisation opportunity for the Authority;