4 Amendments of Eider GARDIAZABAL RUBIAL related to 2012/2027(INI)
Amendment 11 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Emphasises that the use of IFIs is governed by strict legislative (agreement of the legislative authority required) and budgetary rules; notes that the use of IFIs does not generate unforeseen costs for the Union budget, in that the liability borne by the Union budget is limited to the amount committed to the IFI in question on the basis of annual budget appropriations; points out that in fact IFIs contribute to the sound and efficient management of public funds, given that the contribution paid from the budget may generate proceeds which can be reinvested (reflows) in the IFI concerned, thereby strengthening its capacity to provide support and enhancing the effectiveness of public-sector action;
Amendment 54 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Reiterates that the reinvestment of revenues (‘reflows’) should be the principle governing all IFIs and that any exception to this rule should be duly substantiated; in this context welcomes the progress towards implementing this principle achieved through the compromise negotiated with the Council within the framework of the new Financial Regulation that is to come into force next year;
Amendment 57 #
Motion for a resolution
Paragraph 37 a (new)
Paragraph 37 a (new)
37a. Takes the view that the innovative nature of IFIs requires the establishment of a framework for the coordination of public financial institutions that will be delegated the power of budgetary implementation of the IFIs, and which would involve representatives of the Commission, the Council and the European Parliament;
Amendment 59 #
Motion for a resolution
Paragraph 40
Paragraph 40
40. Draws attention to the fact that, irrespective of the degree to which IFIs fulfil their intended purpose, they will generate their full impact only if the overall legal and regulatory environment is conducive to their development, as reflected, for example, in the treatment of long-term investments under the prudential rules which are currently undergoing revision (Basel III, Solvency II);