Progress: Procedure completed
| Role | Committee | Rapporteur | Shadows |
|---|---|---|---|
| Lead | CONT |
AYALA SENDER Inés ( S&D)
|
ZDECHOVSKÝ Tomáš ( PPE),
FITTO Raffaele ( ECR),
ALI Nedzhmi ( ALDE),
JÁVOR Benedek ( Verts/ALE),
VALLI Marco ( EFDD),
KAPPEL Barbara ( ENF)
|
| Committee Opinion | ECON |
LOONES Sander ( ECR)
|
Doru-Claudian FRUNZULICĂ ( S&D),
Barbara KAPPEL ( ENF),
Werner LANGEN ( PPE),
Marco VALLI ( EFDD),
Miguel VIEGAS ( GUE/NGL)
|
Lead committee dossier:
Subjects
Events
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.
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.
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.
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.
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 .
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
- Results of vote in Parliament: Results of vote in Parliament
- Decision by Parliament: T8-0163/2017
- Debate in Parliament: Debate in Parliament
- Committee report tabled for plenary, single reading: A8-0079/2017
- Committee report tabled for plenary: A8-0079/2017
- Amendments tabled in committee: PE599.877
- Committee opinion: PE595.630
- Supplementary non-legislative basic document: 05873/2017
- Committee draft report: PE593.863
- Court of Auditors: opinion, report: OJ C 449 01.12.2016, p. 0072
- Court of Auditors: opinion, report: N8-0115/2016
- Non-legislative basic document: EUR-Lex
- Non-legislative basic document: COM(2016)0475
- Non-legislative basic document published: EUR-Lex
- Non-legislative basic document published: COM(2016)0475
- Non-legislative basic document: EUR-Lex COM(2016)0475
- Court of Auditors: opinion, report: OJ C 449 01.12.2016, p. 0072 N8-0115/2016
- Committee draft report: PE593.863
- Supplementary non-legislative basic document: 05873/2017
- Committee opinion: PE595.630
- Amendments tabled in committee: PE599.877
- Committee report tabled for plenary, single reading: A8-0079/2017
Activities
- Krisztina MORVAI
Plenary Speeches (1)
Votes
A8-0079/2017 - Inés Ayala Sender - Résolution #
NI| Amendments | Dossier |
| 65 |
2016/2186(DEC)
2017/01/17
ECON
36 amendments...
Amendment 1 #
Draft opinion Paragraph -1 (new) -1. Underlines that EBA's role is essential in order to ensure financial stability, transparency, better integrated and safer financial markets, as well as a high degree of consumer protection in the Union;
Amendment 10 #
Draft opinion Paragraph 3 3. Believes that the initial budget cuts should not have been implemented by postponing the publication of standards and guidelines or by cutting attendance in BCBS working groups, but by ending financing of non-core related activities;
Amendment 11 #
Draft opinion Paragraph 3 3. Believes that the initial budget cuts should not have been implemented by postponing the publication of standards and guidelines or by cutting attendance in BCBS working groups, but by ending financing of non-core related activities;
Amendment 12 #
Draft opinion Paragraph 3 3. Believes that the initial budget cuts should not have been implemented by postponing the publication of standards and guidelines or by cutting attendance in BCBS working groups, but by ending financing of non-core related activities; stresses, therefore, that any potential increases in EBA's means must be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
Amendment 13 #
Draft opinion Paragraph 3 3. Believes that the initial budget cuts should not have been implemented by postponing the publication of standards and guidelines or by cutting attendance in BCBS working groups, but by ending financing of non-core related activities; stresses, therefore, that any potential increases in EBA's means must be accompanied by adequate rationalisation measures; suggests that, as EBA's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, EBA's budget and manpower should shift accordingly;
Amendment 14 #
Draft opinion Paragraph 3 a (new) 3a. Stresses that, while making sure that all assignments are carried out in full and within deadline, the EBA should stick only to the tasks assigned to it by the Union legislator and should not seek to de facto broaden its mandate beyond those assignments; emphasises in this respect that EBA needs to pay particular attention, in all its activities, to the principle of proportionality ;
Amendment 15 #
Draft opinion Paragraph 3 a (new) 3 a. Believes that the EBA should fully use the leeway provided by its mandate to effectively foster regulatory proportionality.
Amendment 16 #
Draft opinion Paragraph 3 a (new) 3 a. Stresses the importance of involving consumer protection organisations in the coordination work at EU level and ensuring that consumers' voices are heard during drafting and implementation stages;
Amendment 17 #
Draft opinion Paragraph 3 b (new) 3 b. Regrets that supervision of consumer protection legislation is uneven throughout Member States, calls on the Commission to ensure that national competent authorities have a strong consumer protection mandate and the powers and resources they need to tackle consumer detriment and ensure compliance with consumer protection legislation and that the ESAs contribute to and promote convergent supervisory practices at a high-level in the area of consumer protection;
Amendment 18 #
Draft opinion Paragraph 3 b (new) 3b. Notes in this connection that a closer focus on the mandate given to it by the European legislator could result in a more efficient use of its resources and a more effective achievement of its objectives;
Amendment 19 #
Draft opinion Paragraph 3 b (new) 3 b. Notes with concern that EBA does not exercise all its prerogatives established in its legal framework and in particular when it comes to breaches of EU law, peer reviews, binding mediation and consumer protection; underlines that EBA should make sure that resources are maximised in order to fully fulfil its legal mandate;
Amendment 2 #
Draft opinion Paragraph 1 1. Acknowledges that, in the opinion of the Court of Auditors, EBA’s transactions underlying the annual accounts for the year ended 31 December 2015 are legal and regular in all material aspects; notes, however, that the Court of Auditors' assessment is very brief and offers few suggestions for improving the efficiency of the EBA's budget management;
Amendment 20 #
Draft opinion Paragraph 4 a (new) 4a. Calls on the EBA to calculate all the potential costs and consequences of Brexit and in particular the cost of changing location;
Amendment 21 #
Draft opinion Paragraph 5 5. Concludes that EBA’s financing
Amendment 22 #
Draft opinion Paragraph 5 5. Concludes that EBA’s financing arrangement is to be reviewed; calls on the Commission to examine the possibility of modifying the current financing arrangement by introducing appropriately and proportionately calibrated fees for market participants,
Amendment 23 #
Draft opinion Paragraph 5 5. Concludes that EBA’s financing arrangement is to be immediately reviewed; calls on the Commission to examine the possibility of modifying the current financing arrangement by introducing appropriately and proportionately calibrated fees for market participants, possibly partly replacing the contributions of National Competent Authorities;
Amendment 24 #
Draft opinion Paragraph 5 a (new) 5 a. Highlights the importance of contributions of national competent authorities in guaranteeing national interests; points out that the banking industry already contributes heavily to regulation and supervision (e.g. SSM fees 2016: € 404.5 mn; SRB contributions 2017: € 90.7 mn);
Amendment 25 #
Draft opinion Paragraph 5 a (new) 5 a. Stresses that, while carrying out its work and in particular when drafting implementing legislation, EBA needs to regularly and comprehensively inform the Union legislator about its activities;
Amendment 26 #
Draft opinion Paragraph 5 a (new) 5a. Believes that the possibility of the long-term integration of the EBA into ECB banking supervision should be investigated;
Amendment 27 #
Draft opinion Paragraph 5 b (new) 5 b. Acknowledges a deteriorating profitability of EU banks as pointed out in the Eurofi Financial Forum 2016 in Bratislava and stresses the financial impact of low and negative interest rates; takes note that any possible shift in financing arrangements by market participants should be postponed until the systemic risk sensitivity in the aftermath of the crisis has been solved;
Amendment 28 #
Draft opinion Paragraph 6 6. Considers that the minutes of meetings of the Board of Supervisors, which are publicly available, should provide better insight into the discussions held, members’ positions and voting behaviour;
Amendment 29 #
Draft opinion Paragraph 6 6. Considers that the minutes of meetings of the Board of Supervisors, which are publicly available, should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to
Amendment 3 #
Draft opinion Paragraph 1 a (new) 1 a. Recalls that the European Parliament was a driving force behind setting up a new and comprehensive European System of Financial Supervision (ESFS) including the three European Supervisory Authorities (ESAs) to ensure a better financial supervision system after the financial crisis;
Amendment 30 #
Draft opinion Paragraph 6 6. Considers that the minutes of meetings of the Board of Supervisors, which are publicly available, should provide
Amendment 31 #
Draft opinion Paragraph 6 6. Considers that the minutes of meetings of the Board of Supervisors
Amendment 32 #
Draft opinion Paragraph 6 a (new) 6a. Notes that, wherever the EBA is authorised to draw up Level 2 and Level 3 measures, it should pay particular attention when drafting these standards to the specific features of the various national markets; stresses in this connection that the market participants concerned should be involved extensively and at an early stage in the standard- setting process;
Amendment 33 #
Draft opinion Paragraph 6 a (new) 6a. Calls on the Commission to investigate whether, taking into account the extension of the competences of the Single Supervisory Mechanism (SSM) and the result of the referendum in the UK, it would be wise to decommission the EBA or integrate it into the SSM in Frankfurt;
Amendment 34 #
Draft opinion Paragraph 6 a (new) 6 a. Stresses that, while making sure that all assignments are carried out in full, EBA must carefully stick to the tasks assigned to it by the Union legislator and must not seek to de facto broaden its mandate beyond those assignments;
Amendment 35 #
Draft opinion Paragraph 6 a (new) 6 a. Is of the opinion that EBA should establish a secure channel for whistle- blowers in the framework of its action plan for the years to come;
Amendment 36 #
Draft opinion Paragraph 6 b (new) 6 b. stresses that, when carrying out its work and in particular when drafting technical standards and technical advice, EBA needs to timely, regularly and comprehensively inform the European Parliament about its activities; regrets that this has in the past not always been done.
Amendment 4 #
Draft opinion Paragraph 1 b (new) 1 b. Underlines the important role the European Supervisory Authorities (ESAs) play regarding effective and coherent supervision of the financial system, better coordination between national authorities, and fostering consistent application of EU law;
Amendment 5 #
Draft opinion Paragraph 2 2. Takes note of EBA’s lease agreement, which ends on 8 December 2026, but which includes a break option after six years, triggering a penalty payment of 16 months’ rent equivalent to EUR 3 246 216; considers it imperative that the 2016 accounts
Amendment 6 #
Draft opinion Paragraph 2 2. Takes note of EBA’s lease agreement, which ends on 8 December 2026, but which includes a break option after six years, triggering a penalty payment of 16 months’ rent equivalent to EUR 3 246 216; considers that the 2016 accounts should fully disclose any future relocation costs; calls on the EBA to be transparent with all stakeholders regarding considerations of any future relocation;
Amendment 7 #
Draft opinion Paragraph 2 2. Takes note of EBA’s lease agreement, which ends on 8 December 2026, but which includes a break option after six years, triggering a penalty payment of 16 months’ rent equivalent to EUR 3 246 216; considers that the 2016 accounts should fully disclose any future relocation costs; calls on the EBA to be transparent with all stakeholders regarding considerations of any future relocation;
Amendment 8 #
Draft opinion Paragraph 3 3. Believes that
Amendment 9 #
Draft opinion Paragraph 3 3. Believes that the initial budget cuts should not have been implemented by postponing the publication of standards and guidelines or by cutting attendance in BCBS working groups
source: 597.472
2017/03/06
CONT
29 amendments...
Amendment 1 #
Proposal for a decision 1 1 Paragraph 1 1. Grants the Executive Director of the European Banking Authority discharge in respect of the implementation of the Authority’s budget for the financial year
Amendment 10 #
Motion for a resolution Paragraph 4 4.
Amendment 11 #
Motion for a resolution Paragraph 6 a (new) 6 a. Calls on the Authority to further lower the volume to be carried over to the next year.
Amendment 12 #
Motion for a resolution Paragraph 8 8. Notes that the total number of the Authority’s staff increased to 156 in 2015 from 146 in 2014,
Amendment 13 #
Motion for a resolution Paragraph 8 a (new) 8 a. Notes that the Authority shall ensure geographical and gender balance and compliance with the principle of equal opportunities, in accordance with Articles 1d and 27 of the Staff Regulations (SR) and the Conditions of Employment of Other Servants of the European Communities (CEOS); notes that the Authority has published all its vacancies on its website;
Amendment 14 #
Motion for a resolution Paragraph 9 9. Notes that the Authority adopted a conflict of interest policy in October 2014 and has ethics guidelines in place since 2012; acknowledges that during the recruitment procedure, future staff must declare potential conflicts of interest, in addition to the assessment of their curriculum vitae; takes note that all staff must declare potential conflicts of interest on an annual basis, which are assessed by the Authority
Amendment 15 #
Motion for a resolution Paragraph 9 9. Notes that the Authority adopted a conflict of interest policy in October 2014 and has ethics guidelines in place since 2012; acknowledges that during the recruitment procedure, future staff must declare potential conflicts of interest, in addition to the assessment of their curriculum vitae; takes note that all staff must declare potential conflicts of interest on an annual basis, which are assessed by the Authority’s ethics officer; notes that the members of the Board of Supervisors and their alternates must also declare their actual or potential conflicts of interest, including economic interests, in particular any holdings in shares of financial institutions; notes further that all these declarations and those of the Authority’s senior management are published on its website and are updated annually;
Amendment 16 #
Motion for a resolution Paragraph 9 9. Notes that the Authority adopted a conflict of interest policy in October 2014 and has ethics guidelines in place since 2012; acknowledges that during the recruitment procedure, future staff must declare potential conflicts of interest, in addition to the assessment of their curriculum vitae; takes note that all staff must declare potential conflicts of interest on an annual basis, which are assessed by the Authority’s ethics officer; notes that the members of the Board of Supervisors and their alternates must also declare their actual or potential conflicts of interest, including economic interests, in particular any holdings in shares of financial institutions; notes further that all these declarations and those of the Authority’s senior management are published on its website and are updated annually; notes, however, that the curriculum vitaes of neither the Management Board nor the Board of Supervisors are published on the Authority’s website; calls on the agency to publish such documents and allows the public the necessary overview on its senior management;
Amendment 17 #
Motion for a resolution Paragraph 9 9. Notes that the Authority adopted a conflict of interest policy in October 2014 and has ethics guidelines in place since 2012; acknowledges that during the recruitment procedure, future staff must declare potential conflicts of interest, in addition to the assessment of their curriculum vitae; takes note that all staff must declare potential conflicts of interest on an annual basis, which are assessed by the Authority’s ethics officer; notes that the members of the Board of Supervisors and their alternates must also declare their actual or potential conflicts of interest, including economic interests, in particular any holdings in shares of financial institutions; notes further that all these declarations and those of the Authority’s senior management are published on its website and are updated annually; notes, however, that the curriculum vitaes of neither the Management Board nor the Board of Supervisors are published on the Authority’s website; encourages the Authority to remedy this situation;
Amendment 18 #
Motion for a resolution Paragraph 9 9. Notes that the Authority adopted a conflict of interest policy in October 2014 and has ethics guidelines in place since 2012; acknowledges that during the recruitment procedure, future staff must declare potential conflicts of interest, in addition to the assessment of their curriculum vitae; takes note that all staff must declare potential conflicts of interest on an annual basis, which are assessed by the Authority’s ethics officer; notes that the members of the Board of Supervisors and their alternates must also declare their actual or potential conflicts of interest, including economic interests, in particular any holdings in shares of financial institutions; notes further that all these declarations and those of the Authority’s senior management are published on its website and are updated annually; notes, however, that the curriculum vitaes of neither the Management Board nor the Board of Supervisors are published on the Authority’s website; calls on the Authority to do so within due time; calls on the Authority to inform the discharging authority on alleged and actual conflicts of interests, how such issues have been resolved, and how the Authority intends to avoid them in the future;
Amendment 19 #
Motion for a resolution Paragraph 9 a (new) 9 a. Urges the Authority to put in place rules on revolving doors, establishing dissuasive sanctions, such as the reduction of pension, and prohibiting its board members and staff for at least three years after leaving the Authority to take employment in bodies related to banks, and to establish dissuasive sanctions, such as the reduction of pension; only integrity upholds the public trust;
Amendment 2 #
Proposal for a decision 1 Paragraph 1 1.
Amendment 20 #
Motion for a resolution Paragraph 10 10. Observes that the Authority adopted an Anti-Fraud Strategy which was to be fully implemented by the end of 2016; notes with satisfaction that in 2016 the Authority performed an initial fraud risk assessment within all departments, in addition to creating a dedicated anti-fraud section on its intranet with a communication channel for whistle- blowers;
Amendment 21 #
Motion for a resolution Paragraph 11 a (new) 11 a. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published immediately after the meeting to provide better insight into the discussions held, members' positions and voting behaviour; believes that outreach to Union citizens could also be enhanced by web streaming events; is concerned about de facto unequal accessibility of documents and information from internal meetings to different stakeholders, including the European Parliament; is of the opinion that EBA should establish a secure channel for whistle-blowers in the framework of its action plan for the years to come.
Amendment 22 #
Motion for a resolution Paragraph 11 a (new) 11 a. Asks the Authority to provide the discharge Authority with the list of meetings with lobbyists and the minutes the these meetings;
Amendment 23 #
Motion for a resolution Paragraph 14 14. Takes 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 were possible, to leverage synergies and to share best practices; looks forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs;
Amendment 24 #
Motion for a resolution Paragraph 15 15. Notes with regret that on 23 June 2016, the citizens of the United Kingdom voted to leave the Union; points out that the article 50 of the Treaty on European Union provides that a Member State which decides to withdraw from the Union shall notify the European Council of its intention and the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal; acknowledges from the Court’s report that the accounts and related notes of the Authority, which is located in London, were prepared using the information available at the date of signing of these accounts when the results of the referendum were not yet known and the formal notification of the triggering of Article 50 has not been presented;
Amendment 25 #
Motion for a resolution Paragraph 15 15. Notes that on 23 June 2016, the citizens of the United Kingdom voted to leave the Union; points out that the article 50 of the Treaty on European Union provides that a Member State which decides to withdraw from the Union shall notify the European Council of its intention and the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal; acknowledges from the Court
Amendment 26 #
Motion for a resolution Paragraph 18 18. Notes 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; observes, 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; further notes that if the break-out clause is activated, the Authority has an obligation to repay half of an incentive (32 month rent-free period), which it had already received and which was based on the full 12 years of the contract; notes that the Authority is liable to restore the property to its original condition when leaving, in this case the Authority is obliged to pay for taking out the office fit-out that it had installed in the premises; notes that the exact amount is subject to expert estimates and further negotiations; asks the Authority to inform the Parliament on the amount once it is known;
Amendment 27 #
Motion for a resolution Paragraph 18 a (new) 18 a. Following the triggering of the Article 50 by the Government of the United Kingdom calls on the Commission and the Council to make the merits and the decision making process on the EBA's reallocation destination transparent and democratic;
Amendment 28 #
Motion for a resolution Paragraph 19 Amendment 29 #
Motion for a resolution Paragraph 19 19.
Amendment 3 #
Proposal for a decision 2 2 Paragraph 1 1. Approves the closure of the accounts of the European Banking Authority for the financial year
Amendment 4 #
Proposal for a decision 2 Paragraph 1 1.
Amendment 5 #
Motion for a resolution Citation 1 a (new) - having regard to the special Report No 15/2012 'Management of conflict of interest in selected EU Agencies',
Amendment 6 #
Motion for a resolution Recital B a (new) B a. whereas in the context of the discharge procedure, Parliament stresses the special importance of further strengthening the democratic legitimacy of the institutions of the Union by improving transparency and accountability, implementing the concept of performance based budgeting, good governance of human resources;
Amendment 7 #
Motion for a resolution Paragraph 2 2. Acknowledges that the budget monitoring efforts during the financial year 2014 resulted in a budget implementation rate of 99,34 %, representing a decrease of 0,47 % compared with 2014, and that the rate of execution of payment appropriations was 89,70 %, representing an increase of 5,76 %;
Amendment 8 #
Motion for a resolution Paragraph 3 3. Notes that the European Parliament and the Council reduced the Authority’s 2015 financial resources by 6 % compared to the previous year, despite allocating higher staffing levels;
Amendment 9 #
Motion for a resolution Paragraph 3 3. Notes that the European Parliament and the Council reduced the Authority’s 2015 financial resources by 6 % compared to the previous year, despite allocating higher staffing levels; notes
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