BETA


2016/2186(DEC) 2015 discharge: European Banking Authority (EBA)

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead CONT AYALA SENDER Inés (icon: S&D S&D) ZDECHOVSKÝ Tomáš (icon: PPE PPE), FITTO Raffaele (icon: ECR ECR), ALI Nedzhmi (icon: ALDE ALDE), JÁVOR Benedek (icon: Verts/ALE Verts/ALE), VALLI Marco (icon: EFDD EFDD), KAPPEL Barbara (icon: ENF ENF)
Committee Opinion ECON LOONES Sander (icon: ECR ECR) Doru-Claudian FRUNZULICĂ (icon: S&D S&D), Barbara KAPPEL (icon: ENF ENF), Werner LANGEN (icon: PPE PPE), Marco VALLI (icon: EFDD EFDD), Miguel VIEGAS (icon: GUE/NGL GUE/NGL)
Lead committee dossier:

Events

2017/09/29
   Final act published in Official Journal
Details

PURPOSE: to grant discharge to the European Banking Authority (EBA) for the financial year 2015.

NON-LEGISLATIVE ACT: Decision (EU) 2017/1654 of the European Parliament on discharge in respect of the implementation of the budget of the European Banking Authority for the financial year 2015.

CONTENT: with the present decision, the European Parliament grants discharge to the Executive Director of the European Banking Authority for the implementation of its budget for the financial year 2015.

This decision is in line with the European Parliament's resolution adopted on 27 April 2017 and comprises a series of observations that form an integral part of the discharge decision (please refer to the summary of the opinion of 27 April 2017).

Amongst Parliament’s main observations in the resolution accompanying the discharge decision, the latter acknowledged furthermore that the euro lost significant value against the pound sterling over the course of the year, forcing the Authority to request an amending budget of EUR 1.9 million, which was adopted in August 2015, in order to enable it to meet its financial obligations.

Parliament also stressed that the Authority should establish a secure channel for whistleblowers in the framework of its action plan for the years to come.

Effects of Brexit : Parliament welcomed the detailed information provided by the Authority to the discharge authority on its current contractual commitments and liabilities linked to its physical presence in the UK. It noted that, excluding the rental contract, the Authority's maximum potential contractual commitment or liability is EUR 33.16 million, but that there would be no financial penalties for early termination of these contracts if the applicable notice periods of between one and three months are observed.

It expressed concern, however, regarding the potential operational and business continuity risks and related costs of a relocation decision, such as the extra procurement work that may need to be carried out at short notice if the timing does not provide for a sufficient transition to a new location.

2017/04/27
   EP - Results of vote in Parliament
2017/04/27
   EP - Decision by Parliament
Details

The European Parliament decided to grant the Executive Director of the European Banking Authority (EBA) discharge in respect of the implementation of EBA’s budget for the financial year 2015.

The vote on the decision on discharge covers the closure of the accounts (in accordance with Annex IV, Article 5 (1) (a) to Parliament’s Rules of Procedure).

Noting that the Court of Auditors has stated that it has obtained reasonable assurances that EBA’s annual accounts for the financial year 2015 are reliable and that the underlying transactions are legal and regular, Parliament adopted by 505 votes to 122 with 5 abstentions, a resolution containing a series of recommendations, which form an integral part of the decision on discharge and which add to the general recommendations set out in the resolution on performance, financial management and control of EU agencies .

These recommendations may be summarised as follows:

Authority’s financial statements : Parliament noted that the final budget of the Authority for the financial year 2015 was EUR 33 419 863, representing a decrease of 0.54 % compared to 2014. This was due to the Authority’s recently established nature. Budget and financial management : Parliament emphasised that any potential increases in the Authority's means must be accompanied by adequate prioritisation measures. It suggested that, as the Authority's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, the Authority's budget and manpower should be allocated accordingly.

Parliament also made a series of observations regarding commitments, carry-overs, transfers, procurement, recruitment procedures, the prevention and management of conflicts of interests and internal audits.

As regards performance, it took note that the Authority closely cooperates with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) across all support functions in order to reduce administrative costs. It looks forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs .

It noted that it was a driving force behind the establishment of a new and comprehensive European System of Financial Supervision (ESFS), including the three European Supervisory Authorities (ESAs), to ensure better financial supervision system after the financial crisis.

Effects of Brexit : Parliament recalled that, on 23 June 2016, the citizens of the United Kingdom voted to leave the European Union. Following the outcome of the UK referendum, the Authority, whose headquarters is in London, drafted impact assessments for all support areas, namely IT, human resources, procurement, corporate services and communications, which will be updated according to developments.

It noted that, excluding the rental contract, there would be no financial penalties for early termination of these contracts if the applicable notice periods of between one and three months are observed. However, Parliament expressed concern regarding the potential operational and business continuity risks and related costs of a relocation decision.

Parliament also noted that the Authority signed a 12-year-lease with an end date of 8 December 2026 and that, under normal contractual conditions, there is a liability to pay the full rent for the entire period. It observed, however, that the Authority negotiated a break-out clause at the midway point of the contract, meaning that if the clause is exercised, the Authority would be relieved of the obligation to pay the rent for the final six years.

It called on the Commission and the Council, following the triggering of the Article 50 by the Government of the United Kingdom, to make the merits and the decision making process on the Authority's reallocation destination transparent and democratic.

Financial contribution of the Authority : lastly, Parliament recalled that the Authority’s mixed financing arrangement, which relies heavily on contributions from national competent authorities, is inadequate, inflexible, burdensome and a potential threat to its independence. It therefore called on the Commission, in the White Paper planned for the second quarter of 2016 and in a legislative proposal to be presented by 2017, to launch a different financing arrangement based on a separate budget line in the budget of the Union and on the complete replacement of the contributions from national authorities by fees paid by market participants.

Documents
2017/04/27
   EP - End of procedure in Parliament
2017/04/26
   EP - Debate in Parliament
2017/03/28
   EP - Committee report tabled for plenary, single reading
Documents
2017/03/27
   EP - Committee report tabled for plenary
Documents
2017/03/22
   EP - Vote in committee
2017/03/06
   EP - Amendments tabled in committee
Documents
2017/03/01
   EP - Committee opinion
Documents
2017/02/07
   CSL - Supplementary non-legislative basic document
Details

Having examined the revenue and expenditure accounts for the financial year 2015 and the balance sheet as at 31 December 2015 of the European Banking Authority (EBA), as well as the Court of Auditors' report on the annual accounts of the Authority for the financial year 2015, accompanied by the Authority's replies to the Court's observations, the Council recommended the European Parliament to give a discharge to the Director of the Authority in respect of the implementation of the budget for the financial year 2015.

The Council welcomed the Court's opinion that, in all material respects, the Authority's annual accounts present fairly its financial position as at 31 December 2015 and the results of its operations and its cash flows for the year then ended, in accordance with the provisions of the Authority's Financial Regulation, and that the underlying transactions for 2015 are legal and regular in all material respects.

Nevertheless, it made the following remark:

financial programming : the Council noted that a high level of commitment appropriations was carried over to 2016. It encouraged the Authority to continue improving its financial programming and monitoring of the budget implementation, in order to reduce the level of commitments carried over to the following financial year to the minimum strictly necessary and to continue refining the estimation of needs in order to avoid in the future the weaknesses observed by the Court.

Documents
2017/02/03
   EP - Committee draft report
Documents
2016/10/04
   EP - Committee referral announced in Parliament
2016/09/15
   EP - LOONES Sander (ECR) appointed as rapporteur in ECON
2016/09/13
   CofA - Court of Auditors: opinion, report
Details

PURPOSE: presentation of the EU Court of Auditors’ report on the annual accounts of the European Banking Authority (EBA) for the financial year 2015, together with the Authority’s reply.

CONTENT: in accordance with the tasks conferred on the Court of Auditors by the Treaty on the Functioning of the European Union, the Court presents to the European Parliament and to the Council, in the context of the discharge procedure, a Statement of Assurance as to the reliability of the annual accounts of each institution, body or agency of the EU, and the legality and regularity of the transactions underlying them, on the basis of an independent external audit.

This audit focused on the annual accounts of the European Banking Authority (EBA). In brief, the Authority’s task is to contribute to the establishment of high-quality common regulatory and supervisory standards and practices, to contribute to the consistent application of legally binding Union acts, to stimulate and facilitate the delegation of tasks and responsibilities among competent authorities, to monitor and assess market developments in the area of its competence and to foster depositor and investor protection.

Statement of Assurance : pursuant to the provisions of Article 287 of the Treaty on the Functioning of the European Union (TFEU), the Court has audited:

the annual accounts of the Authority, which comprise the financial statements and the reports on the implementation of the budget for the financial year ended 31 December 2015; the legality and regularity of the transactions underlying those accounts.

Opinion on the reliability of the accounts : in the Court’s opinion, the Authority’s annual accounts present fairly, in all material respects, its financial position as at 31 December 2015 and the results of its operations and its cash flows for the year then ended, in accordance with the provisions of its Financial Regulation and the accounting rules adopted by the Commission’s accounting officer.

Opinion on the legality and regularity of the transactions underlying the accounts : the Court considers that the transactions underlying the annual accounts for the year ended 31 December 2015 are legal and regular in all material respects.

The report made a series of observations on the budgetary and financial management of the Authority, accompanied by the latter’s response. The main observations may be summarised as follows:

The Court’s observations :

budgetary management : the Court noted that carry -overs of committed appropriations for administrative expenditure were high at EUR 1 487 794. They mainly concerned an unresolved issue regarding the outstanding VAT to be paid on the balancing charge of the Authority’s new building and an invoice concerning business rates by the UK Valuations Office. Weaknesses were also noted in the estimation of IT needs, in particular concerning outsourced services, which affect the Authority’s budgetary management of related expenses.

The Authority’s reply :

budgetary management : the Authority stated that it puts considerable effort into minimising carry-overs for justified needs. Moreover, it noted that outsourced services are governed by properly procured framework contracts. The EBA has further improved the documentation of its estimation of needs for procurement procedures and has reduced the IT appropriations by just EUR 4.3 % over the course of the year.

Lastly, the Court of Auditors’ report also contained a summary of the key figures in 2015 :

Budget : EUR 33.4 million (in payment appropriations). Staff : 156 including officials, temporary and contract staff and seconded national experts.

2016/08/05
   EP - AYALA SENDER Inés (S&D) appointed as rapporteur in CONT
2016/07/11
   EC - Non-legislative basic document
Details

PURPOSE: presentation by the Commission of the consolidated annual accounts of the European Union for the financial year 2015, as part of the 2015 discharge procedure.

Analysis of the accounts of the European Banking Authority (EBA) .

CONTENT: the organisational governance of the EU consists of institutions, agencies and other EU bodies whose expenditure is included in the general budget of the Union.

The EU's operational expenditure of these institutions takes different forms, depending on how the money is paid out and managed.

From 2014 onwards, the Commission classifies its expenditure as follows:

Direct management : the budget is implemented directly by the Commission services. Indirect management : the Commission confers tasks of implementation of the budget to bodies of EU law or national law, such as the EU agencies . Shared management : under this method of budget implementation tasks are delegated to Member States. About 80 % of the expenditure falls under this management mode covering such areas as agricultural spending and structural actions.

This Commission document concerns the EU's consolidated accounts for the year 2015 and details how spending by the EU institutions and bodies was carried out. The consolidated annual accounts of the EU provide financial information on the activities of the institutions, agencies and other bodies of the EU from an accrual accounting and budgetary perspective.

It is the responsibility of the Commission's Accounting Officer to prepare the EU's consolidated annual accounts and ensure that they present fairly, in all material aspects, the financial position, the result of the operations and the cash flows of the EU institutions and bodies, including the European Banking Authority (EBA), with a view to granting discharge.

Discharge procedure : the final step of a budget lifecycle is the discharge of the budget for a given financial year. It represents the political aspect of the external control of budget implementation and is the decision by which the European Parliament, acting on a Council recommendation, "releases" the Commission (and other EU bodies) from its responsibility for management of a given budget by marking the end of that budget's existence. The European Parliament is the discharge authority within the EU.

The discharge procedure may produce three outcomes: (i) the granting; (ii) postponement or; (iii) the refusal of the discharge.

The final discharge report including specific recommendations to the Commission for action is adopted in plenary by the European Parliament and are subject to an annual follow up report in which the Commission outlines the concrete actions it has taken to implement the recommendations made.

Each agency is subject to its own discharge procedure, including the EBA.

The European Banking Authority : the EBA, which is located in London (UK), was established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council and has the aim of protecting the public interest and contributing to the stability and efficiency of the banking system in the short, medium and long term for the economy of the European Union.

As regards the EBA’s accounts, these are presented in detail in the document on the consolidated annual accounts of the European Union for 2015:

Commitment appropriations :

- committed : EUR 33 million;

- paid : EUR 33 million;

- carried-over : 0.

Payment appropriations :

- committed : EUR 39 million;

- paid : EUR 35 million;

- carried-over : EUR 3 million.

For further details on expenditure, please refer to the final accounts of the European Banking Authority .

2016/07/10
   EC - Non-legislative basic document published
Details

PURPOSE: presentation by the Commission of the consolidated annual accounts of the European Union for the financial year 2015, as part of the 2015 discharge procedure.

Analysis of the accounts of the European Banking Authority (EBA) .

CONTENT: the organisational governance of the EU consists of institutions, agencies and other EU bodies whose expenditure is included in the general budget of the Union.

The EU's operational expenditure of these institutions takes different forms, depending on how the money is paid out and managed.

From 2014 onwards, the Commission classifies its expenditure as follows:

Direct management : the budget is implemented directly by the Commission services. Indirect management : the Commission confers tasks of implementation of the budget to bodies of EU law or national law, such as the EU agencies . Shared management : under this method of budget implementation tasks are delegated to Member States. About 80 % of the expenditure falls under this management mode covering such areas as agricultural spending and structural actions.

This Commission document concerns the EU's consolidated accounts for the year 2015 and details how spending by the EU institutions and bodies was carried out. The consolidated annual accounts of the EU provide financial information on the activities of the institutions, agencies and other bodies of the EU from an accrual accounting and budgetary perspective.

It is the responsibility of the Commission's Accounting Officer to prepare the EU's consolidated annual accounts and ensure that they present fairly, in all material aspects, the financial position, the result of the operations and the cash flows of the EU institutions and bodies, including the European Banking Authority (EBA), with a view to granting discharge.

Discharge procedure : the final step of a budget lifecycle is the discharge of the budget for a given financial year. It represents the political aspect of the external control of budget implementation and is the decision by which the European Parliament, acting on a Council recommendation, "releases" the Commission (and other EU bodies) from its responsibility for management of a given budget by marking the end of that budget's existence. The European Parliament is the discharge authority within the EU.

The discharge procedure may produce three outcomes: (i) the granting; (ii) postponement or; (iii) the refusal of the discharge.

The final discharge report including specific recommendations to the Commission for action is adopted in plenary by the European Parliament and are subject to an annual follow up report in which the Commission outlines the concrete actions it has taken to implement the recommendations made.

Each agency is subject to its own discharge procedure, including the EBA.

The European Banking Authority : the EBA, which is located in London (UK), was established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council and has the aim of protecting the public interest and contributing to the stability and efficiency of the banking system in the short, medium and long term for the economy of the European Union.

As regards the EBA’s accounts, these are presented in detail in the document on the consolidated annual accounts of the European Union for 2015:

Commitment appropriations :

- committed : EUR 33 million;

- paid : EUR 33 million;

- carried-over : 0.

Payment appropriations :

- committed : EUR 39 million;

- paid : EUR 35 million;

- carried-over : EUR 3 million.

For further details on expenditure, please refer to the final accounts of the European Banking Authority .

Documents

Votes

A8-0079/2017 - Inés Ayala Sender - Résolution #

2017/04/27 Outcome: +: 505, -: 122, 0: 5
DE IT ES FR RO SE NL BG CZ HU PT BE IE AT FI DK SI PL SK LT EL MT LU HR EE LV CY GB
Total
76
61
44
58
22
20
23
16
20
20
19
21
9
16
12
10
8
46
13
8
20
6
5
7
5
7
6
53
icon: PPE PPE
195

Denmark PPE

For (1)

1

Luxembourg PPE

2

Estonia PPE

For (1)

1

Cyprus PPE

1
icon: S&D S&D
150

Netherlands S&D

3

Ireland S&D

For (1)

1

Finland S&D

1

Slovenia S&D

For (1)

1

Lithuania S&D

1

Malta S&D

3

Luxembourg S&D

For (1)

1

Estonia S&D

For (1)

1

Latvia S&D

1

Cyprus S&D

2
icon: ALDE ALDE
57

Germany ALDE

2

Romania ALDE

2

Portugal ALDE

1

Ireland ALDE

For (1)

1

Austria ALDE

For (1)

1

Slovenia ALDE

For (1)

1

Lithuania ALDE

2

Luxembourg ALDE

For (1)

1

Croatia ALDE

For (1)

1

Estonia ALDE

2

United Kingdom ALDE

1
icon: Verts/ALE Verts/ALE
48

Italy Verts/ALE

For (1)

1

Netherlands Verts/ALE

2

Hungary Verts/ALE

For (1)

1

Belgium Verts/ALE

2

Austria Verts/ALE

3

Finland Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Lithuania Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Estonia Verts/ALE

For (1)

1

Latvia Verts/ALE

1

United Kingdom Verts/ALE

5
icon: GUE/NGL GUE/NGL
45

Italy GUE/NGL

Abstain (1)

3

Sweden GUE/NGL

For (1)

1

Netherlands GUE/NGL

3

Czechia GUE/NGL

2

Portugal GUE/NGL

For (1)

4

Ireland GUE/NGL

3

Finland GUE/NGL

For (1)

1

Denmark GUE/NGL

For (1)

1

Cyprus GUE/NGL

2

United Kingdom GUE/NGL

1
icon: EFDD EFDD
37

Germany EFDD

Against (1)

1

France EFDD

Abstain (1)

1

Sweden EFDD

2

Czechia EFDD

Against (1)

1

Poland EFDD

1
icon: NI NI
14

Germany NI

2

France NI

1
3

Poland NI

Against (1)

1

United Kingdom NI

Against (2)

2
icon: ENF ENF
28

Netherlands ENF

3

Belgium ENF

Against (1)

1

Austria ENF

Abstain (1)

4

Poland ENF

Against (1)

1

United Kingdom ENF

Against (1)

1
icon: ECR ECR
57

Italy ECR

Against (1)

1

Romania ECR

For (1)

1

Netherlands ECR

Against (1)

1

Bulgaria ECR

Against (1)

1

Czechia ECR

2

Finland ECR

2

Denmark ECR

Against (1)

1

Lithuania ECR

Against (1)

1

Greece ECR

Against (1)

1

Croatia ECR

Against (1)

1

Latvia ECR

Against (1)

1

Cyprus ECR

Against (1)

1
AmendmentsDossier
65 2016/2186(DEC)
2017/01/17 ECON 36 amendments...
source: 597.472
2017/03/06 CONT 29 amendments...
source: 599.877

History

(these mark the time of scraping, not the official date of the change)

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  • date: 2016-07-11T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0475 title: COM(2016)0475 type: Non-legislative basic document published celexid: CELEX:52016DC0475:EN body: EC commission: DG: url: http://ec.europa.eu/info/departments/budget_en title: Budget Commissioner: GEORGIEVA Kristalina type: Non-legislative basic document published
  • date: 2016-10-04T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP shadows: group: EPP name: ZDECHOVSKÝ Tomáš group: ECR name: FITTO Raffaele group: ALDE name: ALI Nedzhmi group: GUE/NGL name: DE JONG Dennis group: Verts/ALE name: JÁVOR Benedek group: EFD name: VALLI Marco group: ENF name: KAPPEL Barbara responsible: True committee: CONT date: 2016-08-05T00:00:00 committee_full: Budgetary Control rapporteur: group: S&D name: AYALA SENDER Inés body: EP responsible: False committee: ECON date: 2016-09-15T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: ECR name: LOONES Sander
  • date: 2017-03-22T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP shadows: group: EPP name: ZDECHOVSKÝ Tomáš group: ECR name: FITTO Raffaele group: ALDE name: ALI Nedzhmi group: GUE/NGL name: DE JONG Dennis group: Verts/ALE name: JÁVOR Benedek group: EFD name: VALLI Marco group: ENF name: KAPPEL Barbara responsible: True committee: CONT date: 2016-08-05T00:00:00 committee_full: Budgetary Control rapporteur: group: S&D name: AYALA SENDER Inés body: EP responsible: False committee: ECON date: 2016-09-15T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: ECR name: LOONES Sander
  • date: 2017-03-28T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0079&language=EN type: Committee report tabled for plenary, single reading title: A8-0079/2017 body: EP type: Committee report tabled for plenary, single reading
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  • date: 2017-09-29T00:00:00 type: Final act published in Official Journal
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docs
  • date: 2016-09-13T00:00:00 docs: url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:2016:449:TOC title: OJ C 449 01.12.2016, p. 0072 title: N8-0115/2016 summary: PURPOSE: presentation of the EU Court of Auditors’ report on the annual accounts of the European Banking Authority (EBA) for the financial year 2015, together with the Authority’s reply. CONTENT: in accordance with the tasks conferred on the Court of Auditors by the Treaty on the Functioning of the European Union, the Court presents to the European Parliament and to the Council, in the context of the discharge procedure, a Statement of Assurance as to the reliability of the annual accounts of each institution, body or agency of the EU, and the legality and regularity of the transactions underlying them, on the basis of an independent external audit. This audit focused on the annual accounts of the European Banking Authority (EBA). In brief, the Authority’s task is to contribute to the establishment of high-quality common regulatory and supervisory standards and practices, to contribute to the consistent application of legally binding Union acts, to stimulate and facilitate the delegation of tasks and responsibilities among competent authorities, to monitor and assess market developments in the area of its competence and to foster depositor and investor protection. Statement of Assurance : pursuant to the provisions of Article 287 of the Treaty on the Functioning of the European Union (TFEU), the Court has audited: the annual accounts of the Authority, which comprise the financial statements and the reports on the implementation of the budget for the financial year ended 31 December 2015; the legality and regularity of the transactions underlying those accounts. Opinion on the reliability of the accounts : in the Court’s opinion, the Authority’s annual accounts present fairly, in all material respects, its financial position as at 31 December 2015 and the results of its operations and its cash flows for the year then ended, in accordance with the provisions of its Financial Regulation and the accounting rules adopted by the Commission’s accounting officer. Opinion on the legality and regularity of the transactions underlying the accounts : the Court considers that the transactions underlying the annual accounts for the year ended 31 December 2015 are legal and regular in all material respects. The report made a series of observations on the budgetary and financial management of the Authority, accompanied by the latter’s response. The main observations may be summarised as follows: The Court’s observations : budgetary management : the Court noted that carry -overs of committed appropriations for administrative expenditure were high at EUR 1 487 794. They mainly concerned an unresolved issue regarding the outstanding VAT to be paid on the balancing charge of the Authority’s new building and an invoice concerning business rates by the UK Valuations Office. Weaknesses were also noted in the estimation of IT needs, in particular concerning outsourced services, which affect the Authority’s budgetary management of related expenses. The Authority’s reply : budgetary management : the Authority stated that it puts considerable effort into minimising carry-overs for justified needs. Moreover, it noted that outsourced services are governed by properly procured framework contracts. The EBA has further improved the documentation of its estimation of needs for procurement procedures and has reduced the IT appropriations by just EUR 4.3 % over the course of the year. Lastly, the Court of Auditors’ report also contained a summary of the key figures in 2015 : Budget : EUR 33.4 million (in payment appropriations). Staff : 156 including officials, temporary and contract staff and seconded national experts. type: Court of Auditors: opinion, report body: CofA
  • date: 2017-02-03T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE593.863 title: PE593.863 type: Committee draft report body: EP
  • date: 2017-02-07T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=5873%2F17&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 05873/2017 summary: Having examined the revenue and expenditure accounts for the financial year 2015 and the balance sheet as at 31 December 2015 of the European Banking Authority (EBA), as well as the Court of Auditors' report on the annual accounts of the Authority for the financial year 2015, accompanied by the Authority's replies to the Court's observations, the Council recommended the European Parliament to give a discharge to the Director of the Authority in respect of the implementation of the budget for the financial year 2015. The Council welcomed the Court's opinion that, in all material respects, the Authority's annual accounts present fairly its financial position as at 31 December 2015 and the results of its operations and its cash flows for the year then ended, in accordance with the provisions of the Authority's Financial Regulation, and that the underlying transactions for 2015 are legal and regular in all material respects. Nevertheless, it made the following remark: financial programming : the Council noted that a high level of commitment appropriations was carried over to 2016. It encouraged the Authority to continue improving its financial programming and monitoring of the budget implementation, in order to reduce the level of commitments carried over to the following financial year to the minimum strictly necessary and to continue refining the estimation of needs in order to avoid in the future the weaknesses observed by the Court. type: Supplementary non-legislative basic document body: CSL
  • date: 2017-03-01T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE595.630&secondRef=02 title: PE595.630 committee: ECON type: Committee opinion body: EP
  • date: 2017-03-06T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE599.877 title: PE599.877 type: Amendments tabled in committee body: EP
events
  • date: 2016-07-11T00:00:00 type: Non-legislative basic document published body: EC docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0475 title: EUR-Lex title: COM(2016)0475 summary: PURPOSE: presentation by the Commission of the consolidated annual accounts of the European Union for the financial year 2015, as part of the 2015 discharge procedure. Analysis of the accounts of the European Banking Authority (EBA) . CONTENT: the organisational governance of the EU consists of institutions, agencies and other EU bodies whose expenditure is included in the general budget of the Union. The EU's operational expenditure of these institutions takes different forms, depending on how the money is paid out and managed. From 2014 onwards, the Commission classifies its expenditure as follows: Direct management : the budget is implemented directly by the Commission services. Indirect management : the Commission confers tasks of implementation of the budget to bodies of EU law or national law, such as the EU agencies . Shared management : under this method of budget implementation tasks are delegated to Member States. About 80 % of the expenditure falls under this management mode covering such areas as agricultural spending and structural actions. This Commission document concerns the EU's consolidated accounts for the year 2015 and details how spending by the EU institutions and bodies was carried out. The consolidated annual accounts of the EU provide financial information on the activities of the institutions, agencies and other bodies of the EU from an accrual accounting and budgetary perspective. It is the responsibility of the Commission's Accounting Officer to prepare the EU's consolidated annual accounts and ensure that they present fairly, in all material aspects, the financial position, the result of the operations and the cash flows of the EU institutions and bodies, including the European Banking Authority (EBA), with a view to granting discharge. Discharge procedure : the final step of a budget lifecycle is the discharge of the budget for a given financial year. It represents the political aspect of the external control of budget implementation and is the decision by which the European Parliament, acting on a Council recommendation, "releases" the Commission (and other EU bodies) from its responsibility for management of a given budget by marking the end of that budget's existence. The European Parliament is the discharge authority within the EU. The discharge procedure may produce three outcomes: (i) the granting; (ii) postponement or; (iii) the refusal of the discharge. The final discharge report including specific recommendations to the Commission for action is adopted in plenary by the European Parliament and are subject to an annual follow up report in which the Commission outlines the concrete actions it has taken to implement the recommendations made. Each agency is subject to its own discharge procedure, including the EBA. The European Banking Authority : the EBA, which is located in London (UK), was established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council and has the aim of protecting the public interest and contributing to the stability and efficiency of the banking system in the short, medium and long term for the economy of the European Union. As regards the EBA’s accounts, these are presented in detail in the document on the consolidated annual accounts of the European Union for 2015: Commitment appropriations : - committed : EUR 33 million; - paid : EUR 33 million; - carried-over : 0. Payment appropriations : - committed : EUR 39 million; - paid : EUR 35 million; - carried-over : EUR 3 million. For further details on expenditure, please refer to the final accounts of the European Banking Authority .
  • date: 2016-10-04T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2017-03-22T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2017-03-28T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0079&language=EN title: A8-0079/2017 summary: The Committee on Budgetary Control adopted the report by Inés AYALA SENDER (S&D, ES) on discharge in respect of the implementation of the budget of the European Banking Authority (EBA) for the financial year 2015. The committee called on the European Parliament to grant the Executive Director of the Authority discharge in respect of the implementation of the EBA’s budget for the financial year 2015. Noting that the Court of Auditors stated that it had obtained reasonable assurance that the annual accounts of the Authority for the financial year 2015 were reliable and that the underlying transactions were legal and regular, Members called on Parliament to approve the closure of the Authority’s accounts. They made, however, a number of recommendations that needed to be taken into account when the discharge is granted, in addition to the general recommendations that appear in the draft resolution on performance, financial management and control of EU agencies : Authority’s financial statements : Members noted that the final budget of the Authority for the financial year 2015 was EUR 33 419 863, representing a decrease of 0.54 % compared to 2014. This was due to the Authority’s recently established nature. Budget and financial management : Members emphasised that any potential increases in the Authority's means must be accompanied by adequate prioritisation measures. They suggested that, as the Authority's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, the Authority's budget and manpower should be allocated accordingly. Members also made a series of observations regarding commitments, carry-overs, transfers, procurement, recruitment procedures, the prevention and management of conflicts of interests and internal audits. As regards performance, Members took note that the Authority closely cooperates with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) across all support functions in order to reduce administrative costs. They look forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs . Effects of Brexit : Members recalled that, on 23 June 2016, the citizens of the United Kingdom voted to leave the European Union. Following the outcome of the UK referendum, the Authority, whose headquarters is in London, drafted impact assessments for all support areas, namely IT, human resources, procurement, corporate services and communications, which will be updated according to developments. Members noted that, excluding the rental contract, there would be no financial penalties for early termination of these contracts if the applicable notice periods of between one and three months are observed. However, Members expressed concern regarding the potential operational and business continuity risks and related costs of a relocation decision. Lastly, Members noted that the Authority signed a 12-year-lease with an end date of 8 December 2026 and that, under normal contractual conditions, there is a liability to pay the full rent for the entire period. They observed, however, that the Authority negotiated a break-out clause at the midway point of the contract, meaning that if the clause is exercised, the Authority would be relieved of the obligation to pay the rent for the final six years. They called on the Commission and the Council, following the triggering of the Article 50 by the Government of the United Kingdom, to make the merits and the decision making process on the Authority's reallocation destination transparent and democratic.
  • date: 2017-04-26T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20170426&type=CRE title: Debate in Parliament
  • date: 2017-04-27T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=29298&l=en title: Results of vote in Parliament
  • date: 2017-04-27T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2017-0163 title: T8-0163/2017 summary: The European Parliament decided to grant the Executive Director of the European Banking Authority (EBA) discharge in respect of the implementation of EBA’s budget for the financial year 2015. The vote on the decision on discharge covers the closure of the accounts (in accordance with Annex IV, Article 5 (1) (a) to Parliament’s Rules of Procedure). Noting that the Court of Auditors has stated that it has obtained reasonable assurances that EBA’s annual accounts for the financial year 2015 are reliable and that the underlying transactions are legal and regular, Parliament adopted by 505 votes to 122 with 5 abstentions, a resolution containing a series of recommendations, which form an integral part of the decision on discharge and which add to the general recommendations set out in the resolution on performance, financial management and control of EU agencies . These recommendations may be summarised as follows: Authority’s financial statements : Parliament noted that the final budget of the Authority for the financial year 2015 was EUR 33 419 863, representing a decrease of 0.54 % compared to 2014. This was due to the Authority’s recently established nature. Budget and financial management : Parliament emphasised that any potential increases in the Authority's means must be accompanied by adequate prioritisation measures. It suggested that, as the Authority's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, the Authority's budget and manpower should be allocated accordingly. Parliament also made a series of observations regarding commitments, carry-overs, transfers, procurement, recruitment procedures, the prevention and management of conflicts of interests and internal audits. As regards performance, it took note that the Authority closely cooperates with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) across all support functions in order to reduce administrative costs. It looks forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs . It noted that it was a driving force behind the establishment of a new and comprehensive European System of Financial Supervision (ESFS), including the three European Supervisory Authorities (ESAs), to ensure better financial supervision system after the financial crisis. Effects of Brexit : Parliament recalled that, on 23 June 2016, the citizens of the United Kingdom voted to leave the European Union. Following the outcome of the UK referendum, the Authority, whose headquarters is in London, drafted impact assessments for all support areas, namely IT, human resources, procurement, corporate services and communications, which will be updated according to developments. It noted that, excluding the rental contract, there would be no financial penalties for early termination of these contracts if the applicable notice periods of between one and three months are observed. However, Parliament expressed concern regarding the potential operational and business continuity risks and related costs of a relocation decision. Parliament also noted that the Authority signed a 12-year-lease with an end date of 8 December 2026 and that, under normal contractual conditions, there is a liability to pay the full rent for the entire period. It observed, however, that the Authority negotiated a break-out clause at the midway point of the contract, meaning that if the clause is exercised, the Authority would be relieved of the obligation to pay the rent for the final six years. It called on the Commission and the Council, following the triggering of the Article 50 by the Government of the United Kingdom, to make the merits and the decision making process on the Authority's reallocation destination transparent and democratic. Financial contribution of the Authority : lastly, Parliament recalled that the Authority’s mixed financing arrangement, which relies heavily on contributions from national competent authorities, is inadequate, inflexible, burdensome and a potential threat to its independence. It therefore called on the Commission, in the White Paper planned for the second quarter of 2016 and in a legislative proposal to be presented by 2017, to launch a different financing arrangement based on a separate budget line in the budget of the Union and on the complete replacement of the contributions from national authorities by fees paid by market participants.
  • date: 2017-04-27T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2017-09-29T00:00:00 type: Final act published in Official Journal summary: PURPOSE: to grant discharge to the European Banking Authority (EBA) for the financial year 2015. NON-LEGISLATIVE ACT: Decision (EU) 2017/1654 of the European Parliament on discharge in respect of the implementation of the budget of the European Banking Authority for the financial year 2015. CONTENT: with the present decision, the European Parliament grants discharge to the Executive Director of the European Banking Authority for the implementation of its budget for the financial year 2015. This decision is in line with the European Parliament's resolution adopted on 27 April 2017 and comprises a series of observations that form an integral part of the discharge decision (please refer to the summary of the opinion of 27 April 2017). Amongst Parliament’s main observations in the resolution accompanying the discharge decision, the latter acknowledged furthermore that the euro lost significant value against the pound sterling over the course of the year, forcing the Authority to request an amending budget of EUR 1.9 million, which was adopted in August 2015, in order to enable it to meet its financial obligations. Parliament also stressed that the Authority should establish a secure channel for whistleblowers in the framework of its action plan for the years to come. Effects of Brexit : Parliament welcomed the detailed information provided by the Authority to the discharge authority on its current contractual commitments and liabilities linked to its physical presence in the UK. It noted that, excluding the rental contract, the Authority's maximum potential contractual commitment or liability is EUR 33.16 million, but that there would be no financial penalties for early termination of these contracts if the applicable notice periods of between one and three months are observed. It expressed concern, however, regarding the potential operational and business continuity risks and related costs of a relocation decision, such as the extra procurement work that may need to be carried out at short notice if the timing does not provide for a sufficient transition to a new location.
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  • The European Parliament decided to grant the Executive Director of the European Banking Authority (EBA) discharge in respect of the implementation of EBA’s budget for the financial year 2015.

    The vote on the decision on discharge covers the closure of the accounts (in accordance with Annex IV, Article 5 (1) (a) to Parliament’s Rules of Procedure).

    Noting that the Court of Auditors has stated that it has obtained reasonable assurances that EBA’s annual accounts for the financial year 2015 are reliable and that the underlying transactions are legal and regular, Parliament adopted by 505 votes to 122 with 5 abstentions, a resolution containing a series of recommendations, which form an integral part of the decision on discharge and which add to the general recommendations set out in the resolution on performance, financial management and control of EU agencies.

    These recommendations may be summarised as follows:

    • Authority’s financial statements: Parliament noted that the final budget of the Authority for the financial year 2015 was EUR 33 419 863, representing a decrease of 0.54 % compared to 2014. This was due to the Authority’s recently established nature.
    • Budget and financial management: Parliament emphasised that any potential increases in the Authority's means must be accompanied by adequate prioritisation measures. It suggested that, as the Authority's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, the Authority's budget and manpower should be allocated accordingly.

    Parliament also made a series of observations regarding commitments, carry-overs, transfers, procurement, recruitment procedures, the prevention and management of conflicts of interests and internal audits.

    As regards performance, it took note that the Authority closely cooperates with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) across all support functions in order to reduce administrative costs. It looks forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs.

    It noted that it was a driving force behind the establishment of a new and comprehensive European System of Financial Supervision (ESFS), including the three European Supervisory Authorities (ESAs), to ensure better financial supervision system after the financial crisis.

    Effects of Brexit: Parliament recalled that, on 23 June 2016, the citizens of the United Kingdom voted to leave the European Union. Following the outcome of the UK referendum, the Authority, whose headquarters is in London, drafted impact assessments for all support areas, namely IT, human resources, procurement, corporate services and communications, which will be updated according to developments.

    It noted that, excluding the rental contract, there would be no financial penalties for early termination of these contracts if the applicable notice periods of between one and three months are observed. However, Parliament expressed concern regarding the potential operational and business continuity risks and related costs of a relocation decision.

    Parliament also noted that the Authority signed a 12-year-lease with an end date of 8 December 2026 and that, under normal contractual conditions, there is a liability to pay the full rent for the entire period. It observed, however, that the Authority negotiated a break-out clause at the midway point of the contract, meaning that if the clause is exercised, the Authority would be relieved of the obligation to pay the rent for the final six years.

    It called on the Commission and the Council, following the triggering of the Article 50 by the Government of the United Kingdom, to make the merits and the decision making process on the Authority's reallocation destination transparent and democratic.

    Financial contribution of the Authority: lastly, Parliament recalled that the Authority’s mixed financing arrangement, which relies heavily on contributions from national competent authorities, is inadequate, inflexible, burdensome and a potential threat to its independence. It therefore called on the Commission, in the White Paper planned for the second quarter of 2016 and in a legislative proposal to be presented by 2017, to launch a different financing arrangement based on a separate budget line in the budget of the Union and on the complete replacement of the contributions from national authorities by fees paid by market participants.

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  • The Committee on Budgetary Control adopted the report by Inés AYALA SENDER (S&D, ES) on discharge in respect of the implementation of the budget of the European Banking Authority (EBA) for the financial year 2015.

    The committee called on the European Parliament to grant the Executive Director of the Authority discharge in respect of the implementation of the EBA’s budget for the financial year 2015.

    Noting that the Court of Auditors stated that it had obtained reasonable assurance that the annual accounts of the Authority for the financial year 2015 were reliable and that the underlying transactions were legal and regular, Members called on Parliament to approve the closure of the Authority’s accounts. They made, however, a number of recommendations that needed to be taken into account when the discharge is granted, in addition to the general recommendations that appear in the draft resolution on performance, financial management and control of EU agencies:

    • Authority’s financial statements: Members noted that the final budget of the Authority for the financial year 2015 was EUR 33 419 863, representing a decrease of 0.54 % compared to 2014. This was due to the Authority’s recently established nature.
    • Budget and financial management: Members emphasised that any potential increases in the Authority's means must be accompanied by adequate prioritisation measures. They suggested that, as the Authority's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, the Authority's budget and manpower should be allocated accordingly.

    Members also made a series of observations regarding commitments, carry-overs, transfers, procurement, recruitment procedures, the prevention and management of conflicts of interests and internal audits.

    As regards performance, Members took note that the Authority closely cooperates with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) across all support functions in order to reduce administrative costs. They look forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs.

    Effects of Brexit: Members recalled that, on 23 June 2016, the citizens of the United Kingdom voted to leave the European Union.

    Following the outcome of the UK referendum, the Authority, whose headquarters is in London, drafted impact assessments for all support areas, namely IT, human resources, procurement, corporate services and communications, which will be updated according to developments.

    Members noted that, excluding the rental contract, there would be no financial penalties for early termination of these contracts if the applicable notice periods of between one and three months are observed. However, Members expressed concern regarding the potential operational and business continuity risks and related costs of a relocation decision.

    Lastly, Members noted that the Authority signed a 12-year-lease with an end date of 8 December 2026 and that, under normal contractual conditions, there is a liability to pay the full rent for the entire period. They observed, however, that the Authority negotiated a break-out clause at the midway point of the contract, meaning that if the clause is exercised, the Authority would be relieved of the obligation to pay the rent for the final six years.

    They called on the Commission and the Council, following the triggering of the Article 50 by the Government of the United Kingdom, to make the merits and the decision making process on the Authority's reallocation destination transparent and democratic.

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  • url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2017-0079&language=EN type: Committee report tabled for plenary, single reading title: A8-0079/2017
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  • body: EP responsible: False committee: ECON date: 2016-09-15T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: ECR name: LOONES Sander
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  • PURPOSE: presentation by the Commission of the consolidated annual accounts of the European Union for the financial year 2015, as part of the 2015 discharge procedure.

    Analysis of the accounts of the European Banking Authority (EBA).

    CONTENT: the organisational governance of the EU consists of institutions, agencies and other EU bodies whose expenditure is included in the general budget of the Union.

    The EU's operational expenditure of these institutions takes different forms, depending on how the money is paid out and managed.

    From 2014 onwards, the Commission classifies its expenditure as follows:

    • Direct management: the budget is implemented directly by the Commission services.
    • Indirect management: the Commission confers tasks of implementation of the budget to bodies of EU law or national law, such as the EU agencies.
    • Shared management: under this method of budget implementation tasks are delegated to Member States. About 80 % of the expenditure falls under this management mode covering such areas as agricultural spending and structural actions.

    This Commission document concerns the EU's consolidated accounts for the year 2015 and details how spending by the EU institutions and bodies was carried out. The consolidated annual accounts of the EU provide financial information on the activities of the institutions, agencies and other bodies of the EU from an accrual accounting and budgetary perspective.

    It is the responsibility of the Commission's Accounting Officer to prepare the EU's consolidated annual accounts and ensure that they present fairly, in all material aspects, the financial position, the result of the operations and the cash flows of the EU institutions and bodies, including the European Banking Authority (EBA), with a view to granting discharge.

    Discharge procedure: the final step of a budget lifecycle is the discharge of the budget for a given financial year. It represents the political aspect of the external control of budget implementation and is the decision by which the European Parliament, acting on a Council recommendation, "releases" the Commission (and other EU bodies) from its responsibility for management of a given budget by marking the end of that budget's existence. The European Parliament is the discharge authority within the EU.

    The discharge procedure may produce three outcomes: (i) the granting; (ii) postponement or; (iii) the refusal of the discharge.

    The final discharge report including specific recommendations to the Commission for action is adopted in plenary by the European Parliament and are subject to an annual follow up report in which the Commission outlines the concrete actions it has taken to implement the recommendations made.

    Each agency is subject to its own discharge procedure, including the EBA.

    The European Banking Authority: the EBA, which is located in London (UK), was established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council and has the aim of protecting the public interest and contributing to the stability and efficiency of the banking system in the short, medium and long term for the economy of the European Union.

    As regards the EBA’s accounts, these are presented in detail in the document on the consolidated annual accounts of the European Union for 2015:

    Commitment appropriations:

    -          committed: EUR 33 million;

    -          paid: EUR 33 million;

    -          carried-over: 0.

    Payment appropriations:

    -          committed: EUR 39 million;

    -          paid: EUR 35 million;

    -          carried-over: EUR 3 million.

    For further details on expenditure, please refer to the final accounts of the European Banking Authority.

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  • body: EP shadows: group: GUE/NGL name: DE JONG Dennis responsible: True committee: CONT date: 2016-08-05T00:00:00 committee_full: Budgetary Control rapporteur: group: S&D name: AYALA SENDER Inés
  • body: EP responsible: False committee_full: Economic and Monetary Affairs committee: ECON
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ALI Nedzhmi
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  • date: 2016-07-11T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2016&nu_doc=0475 celexid: CELEX:52016DC0475:EN type: Non-legislative basic document published title: COM(2016)0475 body: EC commission: type: Non-legislative basic document published
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  • body: EP shadows: group: GUE/NGL name: DE JONG Dennis responsible: True committee: CONT date: 2016-08-05T00:00:00 committee_full: Budgetary Control rapporteur: group: S&D name: AYALA SENDER Inés
  • body: EP responsible: False committee_full: Economic and Monetary Affairs committee: ECON
links
other
    procedure
    type
    DEC - Discharge procedure
    title
    2015 discharge: European Banking Authority (EBA)
    stage_reached
    Preparatory phase in Parliament
    reference
    2016/2186(DEC)
    subject
    8.70.03.05 2015 discharge