Activities of Olle LUDVIGSSON related to 2015/2188(DEC)
Shadow opinions (1)
OPINION on Discharge 2014: European Banking Authority (EBA)
Amendments (6)
Amendment 2 #
Draft opinion
Paragraph 2
Paragraph 2
2. Underlines that EBA’'s role in promoting a common supervisory regime across the internal market is essential in order to ensure a better integrated, more efficient and safer financial markets, as well as a high degree of consumer protection in the Union;
Amendment 7 #
Draft opinion
Paragraph 3
Paragraph 3
3. Points out that EBA, when carrying out its activities, needs to pay particular attention to the issue of proportionality andattention to ensuring compatibility with Union law, respecting the principle of proportionality and complying with the fundamental principles of the internal market for financial services; underlines that EBA, on that basis, must strive to achieve outcomes that are unambiguous, coherent and free of superfluous complexity;
Amendment 11 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Emphasizes that, on all issues linked to EBA's resources, it has to be ensured that the mandate can consistently be fulfilled and that the practical limits of independent, reliable and effective supervision are not set by budgetary constraints;
Amendment 12 #
Draft opinion
Paragraph 5
Paragraph 5
5. ATakes note of the conclusion of the European Court of Auditors, in its special report 2014/05, that, overall, EBA's resources during its start-up phase were insufficient to allow it to fulfil its mandate; acknowledges that the setting-up phase of ESFS has still not been completed and therefore notes that the tasks already entrusted to EBA, as well as additional tasks envisaged in ongoing legislative work, require an adequate level of staff and budget to allow for satisfactory supervision, in terms of both numbers and qualifications, and funding to allow for satisfactory supervision; underlines that, in order to uphold the quality of the supervisory work, it is very often the case that an expansion of tasks has to be matched by an expansion of resources; emphasises, however, that any potential increases in EBA’'s means must be explained thoroughly and accompanied by rationalisation measures wherever possible;
Amendment 18 #
Draft opinion
Paragraph 6
Paragraph 6
6. Stresses that, given its limited resourceswhile making sure that all assignments are carried out in full, EBA must stickcarefully strictlyk to the tasks assigned to it by the Union legislator and must not seek to de facto broaden its mandate beyond those assignments; stresses that, whilen carrying out its work and in particular when drafting implementing legislationtechnical standards and technical advice, EBA needs to timely, regularly and comprehensively inform the Union legislatorEuropean Parliament about its activities; regrets that EBAthis has in the past not always met that standardbeen done;
Amendment 25 #
Draft opinion
Paragraph 7
Paragraph 7
7. Concludes that EBA’'s mixed financing arrangement is, which relies heavily on contributions from national competent authorities, is inadequate, inflexible, burdensome and a potential threat to its independence; therefore calls on the Commission to reconsider the, in the White Paper planned for Q2 2016 and in a legislative proposal presented by 2017, to launch a different financing arrangement in favourbased ofn an independent separate budget line fromin the budget of the Union and on the introduction of feescomplete replacement of the contributions from national authorities by fees paid by market participants.