Awaiting Parliament 1st reading / single reading / budget 1st stage
Next event: Vote in plenary scheduled 2017/04/27 more...
- Vote in committee, 1st reading/single reading 2017/03/22
- Committee report tabled for plenary, single reading 2017/03/28
- Debate in Parliament 2017/04/26
Role | Committee | Rapporteur | Shadows |
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Lead | CONT | AYALA SENDER Inés (S&D) | ZDECHOVSKÝ Tomáš (EPP), FITTO Raffaele (ECR), ALI Nedzhmi (ALDE), DE JONG Dennis (GUE/NGL), JÁVOR Benedek (Verts/ALE), VALLI Marco (EFD), KAPPEL Barbara (ENF) |
Opinion | ECON | LOONES Sander (ECR) |
Activites
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2017/04/27
Vote in plenary scheduled
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2017/04/26
Debate in Parliament
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2017/03/28
Committee report tabled for plenary, single reading
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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.
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A8-0079/2017
summary
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2017/03/22
Vote in committee, 1st reading/single reading
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2016/10/04
Committee referral announced in Parliament, 1st reading/single reading
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2016/07/11
Non-legislative basic document published
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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.
- DG {'url': 'http://ec.europa.eu/info/departments/budget_en', 'title': 'Budget'}, GEORGIEVA Kristalina
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COM(2016)0475
summary
Documents
- Non-legislative basic document published: COM(2016)0475
- Committee report tabled for plenary, single reading: A8-0079/2017
Amendments | Dossier |
36 |
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
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