BETA

Activities of Sven GIEGOLD related to 2019/2092(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 2018
2020/01/27
Committee: ECON
Dossiers: 2019/2092(DEC)
Documents: PDF(133 KB) DOC(68 KB)
Authors: [{'name': 'Derk Jan EPPINK', 'mepid': 97133}]

Amendments (7)

Amendment 7 #
Draft opinion
Paragraph 2
2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere toadhere to and make full use of the tasks and the mandate assigned to it by the European Parliament and the Council;
2019/12/09
Committee: ECON
Amendment 15 #
Draft opinion
Paragraph 4
4. Regrets that opportunities for economies of scale and efficiency gains were not realised due to insufficient use of joint procurement procedures between the Authority and the European Banking Authority (EBA); calls on the Authority to strengthen cooperation with EBA concerning administrative support services and facility management services, which are not related to the core activities; suggests that an audit be conducted once all the costs and consequences of the move are clear in order to identify best practices and areas for improvement;
2019/12/09
Committee: ECON
Amendment 17 #
Draft opinion
Paragraph 5
5. Recalls that 100 % of the budgetary surplus has been allocated to the Commission whereas Member States consider that their contribution share should be refunded to them; calls on the Commission to resolve that issue;deleted
2019/12/09
Committee: ECON
Amendment 21 #
Draft opinion
Paragraph 6
6. Observes that the cumulated surpluses over the period 2015 to 2018 resulting from fees paid by credit rating agencies and trade repositories in relation to registration, certification and supervision of these entities amounts to EUR 1,1m; is of the opinion that those surpluses should not be used to be temporary and should not be used to permanently cross-finance other activities.
2019/12/09
Committee: ECON
Amendment 24 #
Draft opinion
Paragraph 6 a (new)
6 a. Welcomes the Authority’s inquiry into dividend arbitrage trading schemes such as cum-ex or cum-cum; encourages the Authority to draw concrete conclusions from this inquiry in order to stop ongoing and prevent future practices threatening the integrity of Union financial markets;
2019/12/09
Committee: ECON
Amendment 25 #
Draft opinion
Paragraph 6 b (new)
6 b. Welcomes the publication of records on stakeholder meetings as requested by the European Ombundsman1a; calls on the Authority to follow the European Ombudsman’s suggestion to include in its information for the public an indication of whether detailed records of a specific meeting with stakeholders exist and could therefore be subject to a request for public access to documents, provided that its contents are not commercially sensitive. _________________ 1a https://www.ombudsman.europa.eu/en/de cision/en/122163
2019/12/09
Committee: ECON
Amendment 26 #
Draft opinion
Paragraph 6 c (new)
6 c. Calls on the Authority to duly consider the principle of proportionality in its every day work, including by equally considering the contributions of actors of different sizes in its consultations and accounting for the needs of small actors in its guidelines and its Questions and Answers; is concerned that the implementation of supervisory provisions of the Regulation on Credit Rating Agencies in the form of Guidelines and Questions and Answers might overburden smaller actors and might thereby reduce competition in the market1b; _________________ 1bbased on feedback received by Creditreform Rating AG
2019/12/09
Committee: ECON