Awaiting committee decision
Next event: Vote scheduled in committee, 1st reading/single reading 2017/03/23
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), ALIOT Louis (ENF) |
Opinion | ECON | LOONES Sander (ECR) | |
Opinion | EMPL |
Activites
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2017/03/23
Vote scheduled 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 Insurance and Occupational Pensions Authority (EIOPA). 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 Insurance and Occupational Pensions Authority (EIOPA), 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 EIOPA. The European Insurance and Occupational Pensions Authority (EIOPA): the EIOPA, which is located in Frankfurt (DE), was set up by Regulation (EU) No 1094/2010 of the European Parliament and of the Council with a view to protecting the public interest by contributing to the short, medium and long-term stability and efficiency of the financial system for the economy of the European Union. As regards the EIOPA’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 20 million; - paid: EUR 20 million; - carried-over: 0. Payment appropriations: - committed: EUR 26 million; - paid: EUR 22 million; - carried-over: EUR 3 million. For further details on expenditure, please refer to the final accounts of the Insurance and Occupational Pensions Authority.
- DG {'url': 'http://ec.europa.eu/dgs/budget/', 'title': 'Budget'}, GEORGIEVA Kristalina
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COM(2016)0475
summary
Documents
- Non-legislative basic document published: COM(2016)0475
Amendments | Dossier |
33 |
2016/2187(DEC)
2017/01/17
ECON
33 amendments...
Amendment 1 #
Draft opinion Paragraph -1 (new) -1. Underlines that EIOPA'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 2 b (new) 2b. Notes with concern that EIOPA is spending significant resources on work relating to guidelines and recommendations for which there is no direct mandate from the European legislator;
Amendment 11 #
Draft opinion Paragraph 3 3. Points out that a solution has been agreed to share any budget surplus or deficit with Member States corresponding to their contribution key; calls on the Commission to legally formalise the agreed process immediately;
Amendment 12 #
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 13 #
Draft opinion Paragraph 3 a (new) 3 a. Believes that the EIOPA should fully use the leeway provided by its mandate to effectively foster regulatory proportionality;
Amendment 14 #
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 15 #
Draft opinion Paragraph 3 b (new) 3 b. Notes with concern that EIOPA does not fully 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 EIOPA should make sure that resources are maximised in order to fully fulfil its legal mandate;
Amendment 16 #
Draft opinion Paragraph 4 Amendment 17 #
Draft opinion Paragraph 4 4.
Amendment 18 #
Draft opinion Paragraph 4 4. Believes that the EIOPA budget still has rationalisation potential;
Amendment 19 #
Draft opinion Paragraph 4 4. Believes that the EIOPA budget still has rationalisation potential; stresses, therefore, that any potential increases in EIOPA's means should 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 2 #
Draft opinion Paragraph 1 1. Acknowledges that, in the opinion of the Court of Auditors, EIOPA’s transactions underlying the annual accounts for the year ended 31 December 2015 are legal and regular in all material aspects; regrets that some Member States had not paid their 2015 contribution in full by the end of that year; notes that progress has been made in this area compared to 2014; notes, however, that the Court of Auditors' assessment is very brief and offers few suggestions for improving the efficiency of EIOPA's budget management;
Amendment 20 #
Draft opinion Paragraph 4 4. Believes that the EIOPA budget still has rationalisation potential; stresses, therefore, that any potential increases in EIOPA's means should be accompanied by adequate rationalisation measures; suggests that, as EIOPA's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, EIOPA's budget and manpower should shift accordingly;
Amendment 21 #
Draft opinion Paragraph 5 5. Concludes that EIOPA’s financing arrangement is to be reviewed; calls on the Commission to examine the possibility to modify the current financing arrangement by introducing appropriately and proportionately calibrated fees for market participants,
Amendment 22 #
Draft opinion Paragraph 5 5.
Amendment 23 #
Draft opinion Paragraph 5 5. Concludes that EIOPA’s financing arrangement is to be reviewed; calls on the Commission to examine the possibility to modify the current financing arrangement by introducing appropriately and proportionately calibrated fees for market participants,
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 million; SRB contributions 2017: € 90.7 million);
Amendment 25 #
Draft opinion Paragraph 5 a (new) 5 a. Stresses that, while carrying out its work and in particular when drafting implementing legislation, EIOPA needs to regularly and comprehensively inform the Union legislator about its activities;
Amendment 26 #
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 27 #
Draft opinion Paragraph 5 b (new) 5 b. Underlines that EIOPA should supervise more and intervene more, when National Financial Supervisory Authorities do not function properly and even create problems to the markets, as for example the Romanian Financial Supervisory Authority did with the Romanian insurance market;
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;
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 EIOPA 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) 6 a. Is of the opinion that EIOPA should swiftly implement a secure channel for whistle-blowers in the framework of its action plan for the years to come;
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. Stresses that,
Amendment 6 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full, EIOPA should carefully stick to the tasks assigned to it by the Union legislator, and
Amendment 7 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full, EIOPA should carefully stick to the tasks assigned to it by the Union legislator
Amendment 8 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full and within deadline, EIOPA should carefully stick to the tasks assigned to it by the Union legislator and should not seek to de facto broaden its mandate beyond those assignments; emphasises
Amendment 9 #
Draft opinion Paragraph 2 a (new) 2a. 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;
source: 597.473
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