Activities of Ralph PACKET related to 2018/2204(DEC)
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 2017
Amendments (10)
Amendment 3 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Acknowledges that the European Securities and Markets Authority’s task is to improve the functioning of the EU internal financial markets by ensuring a high, effective and consistent level of regulation and supervision, to promote the integrity and stability of the financial systems and to strengthen international supervisory coordination in order to ensure the stability and effectiveness of the financial system;
Amendment 4 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Emphasises the necessity to cooperate efficiently with national competent authorities and, where appropriate, with institutions responsible for international supervision;
Amendment 5 #
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 7 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. 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 9 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that, as the Authority’s workload is increasingly shifting from regulatory tasks to enforcing and applying the Union law, the Authority’s budgetary and personnel resources should be reallocated; stresses, in this respect, the need to ensure an appropriate level of prioritisation as regards resource allocation;
Amendment 12 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Believes that any potential increase in the Authority’s means must be accompanied by adequate rationalisation measures;
Amendment 14 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3 b. Notes that the total number of staff stood at 226 at the end of 2017, compared to 204 at the end of 2016;
Amendment 15 #
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 EIOPA on how to integrate AML/CFT risks in prudential supervision;
Amendment 20 #
Draft opinion
Paragraph 5
Paragraph 5
5. Draws attention to the fact that the Authority’s budget is financed partlyby 27% from European Union funds and partly, by 42% through direct contributions from the Member States’ supervisory authorities and supervised entit and by 29% from fees received from supervised entities (Credit Rating Agencies and Trade Repositories); 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 21 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Stresses 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;