5 Amendments of Lara WOLTERS related to 2019/2092(DEC)
Amendment 5 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Notes that the implementation of MiFID II was the biggest project that ESMA has delivered in2018; notes furthermore that one of the main challenges and objectives for ESMA was the preparation for an orderly process to deal with a possible “no-deal” exit of the UK from the EU, where higher efforts were needed in the context of uncertainty;
Amendment 11 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Notes with satisfaction the reported even gender balance by the Agency with regard to the senior management (1 man and 1 woman) and the Management Board (3 men and 3 women);
Amendment 17 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Notes that during 2018, the expected withdrawal of the United Kingdom from the Union had a significant impact on the Authority’s planned work and deliverables, and generated a lot of preparatory work, particularly in the areas of supervisory convergence, prevention of fragmentation and regulatory arbitrage and direct supervision and risk assessment; notes that the Authority analysed in detail what operational impact the expected withdrawal of the United Kingdom from the Union would have on its organisation, and that it has allocated dedicated staff to provide advice on and regularly report on those issues;
Amendment 18 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15 a. Acknowledges that in the aftermath of the withdrawal of the United Kingdom, sufficient resources and instruments will be needed to protect the adequacy and unity of the financial regulatory framework of the Union; notes that this task would require a degree of hierarchy over National Competent Authorities (NCAs) that is currently lacking, since the Board of Supervisors is NCA-dominated and is dependent on NCAs in taking actions; stresses that the new multi-annual framework and the withdrawal of the United Kingdom offer a chance to reassess the funding and the administrative design of the Agency.
Amendment 20 #
Motion for a resolution
Paragraph 15 b (new)
Paragraph 15 b (new)
15 b. Underlines the responsibility of the financial system in meeting sustainability challenges and ensuring that the Union meets its obligations undertaken in the framework of the Paris Agreement under the United Nations Framework Convention on Climate Change; highlights the crucial role of the Authority in integrating environmental, social and governance related factors into the regulatory and supervisory framework and in mobilising and guiding private capital flows towards sustainable investments; therefore stresses the need for sufficient resources to monitor the implementation of that framework by financial institutions and national competent authorities;