Awaiting committee decision
Role | Committee | Rapporteur | Shadows |
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Lead | CONT | STAES Bart (Verts/ALE) | SARVAMAA Petri (EPP), LIBERADZKI Bogusław (S&D), ALI Nedzhmi (ALDE), DE JONG Dennis (GUE/NGL), VALLI Marco (EFD), KAPPEL Barbara (ENF) |
Opinion | ECON | SWINBURNE Kay (ECR) |
Activites
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2017/09/13
Committee referral announced in Parliament, 1st reading/single reading
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2017/06/26
Non-legislative basic document published
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COM(2017)0365
summary
PURPOSE: presentation by the Commission of the consolidated annual accounts of the European Union for the financial year 2016, as part of the 2016 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. This Commission document concerns the EU's consolidated accounts for the year 2016 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 accounts, the EBA budget execution in 2016 was 96.8%. The EBA considered this an acceptable result as 2016 was a difficult year for its budget management, principally due to the UK referendum on EU membership. The political uncertainty also negatively impacted the EBA recruitment plans and thus expenditure on staff. Commitment appropriations: available: EUR 36 million; made: EUR 35 million. Payment appropriations: available: EUR 40 million; paid: EUR 35 million. For further details on expenditure, please refer to the 2016 consolidated annual accounts of the European Banking Authority.
- DG {'url': 'http://ec.europa.eu/info/departments/budget_en', 'title': 'Budget'}, OETTINGER Günther
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COM(2017)0365
summary
Documents
- Non-legislative basic document published: COM(2017)0365
Amendments | Dossier |
51 |
2017/2171(DEC)
2018/01/22
ECON
36 amendments...
Amendment 1 #
Draft opinion Paragraph –1 (new) -1. Points to the central role played by the European System of Financial Supervision and the three European Supervisory Authorities for ensuring better oversight over the financial system in response to the financial crisis and its economic, social and human consequences;
Amendment 10 #
Draft opinion Paragraph 2 a (new) 2a. Underlines the role of the EBA in improving the international coordination of supervision between national supervisory authorities, as well as in the consistent application of EU law; emphasises that close cooperation in an atmosphere of trust should be the foundation of relations between the EBA and national supervisory authorities; considers that the EBA should ensure financial security, transparency and better integrated and safer financial markets;
Amendment 11 #
Draft opinion Paragraph 2 a (new) 2 a. Underlines that in light of uneven supervision of consumer protection legislation across Member States, the European Supervisory Authorities shall contribute to and promote convergent supervisory practices at a high-level in the area of consumer protection and have the appropriate resources for that task;
Amendment 12 #
Draft opinion Paragraph 2 a (new) 2a. Stresses that the authority should devote special attention to the principle of proportionality in carrying out its mandate;
Amendment 13 #
Draft opinion Paragraph 2 a (new) 2 a. Notes the need to properly assess the Authority's work on regular basis in an effort to allocate and make the use of its resources more effective, transparent and credible;
Amendment 14 #
Draft opinion Paragraph 2 b (new) 2b. Highlights the fact that the EBA derives 40% of its funding from Union funds and 60% from contributions from the Member States; recalls that the UK decision to leave the EU could have a negative impact on the budget of the EBA; underlines that the resources made available to the EBA should be used in accordance with clear priorities and a clear focus on the mandate in order to achieve the desired objectives efficiently;
Amendment 15 #
Draft opinion Paragraph 2 c (new) 2c. Recalls, in the context of Brexit, the importance of ensuring a smooth and cost-effective move; observes that, during the transition period, the functioning of the Authority must be ensured, and that in this context there is a need for transparency in dealing with all the parties involved;
Amendment 16 #
Draft opinion Paragraph 2 d (new) 2d. Stresses that the EBA must use its mandate to promote the principle of proportionality; notes that this includes the adequate, proportionate interpretation and implementation of regulatory requirements with respect to the size of a financial undertaking and the risk profile of its business model; stresses that the EBA must act, in accordance with the mandate given to it by the European legislator, so as to achieve optimal use of resources and achievement of objectives;
Amendment 17 #
Draft opinion Paragraph 2 e (new) 2e. Welcomes a discussion of the potential long-term transfer of tasks vested in the EBA to the ECB in order to create more effective supervisory structures;
Amendment 18 #
Draft opinion Paragraph 2 f (new) 2f. Expects the EBA to provide the European Parliament and the Council, on a regular basis, with up-to-date and comprehensive information about its work, in particular in connection with the establishment of binding technical standards, opinions and rules;
Amendment 19 #
Draft opinion Paragraph 2 g (new) 2g. Suggests that the Commission reconsider and modify the arrangements for financing the EBA by introducing fees for market participants, based on the principle of proportionality; considers that the contributions from national authorities should be reduced; takes the view that the independence of the EBA and the performance of its supervisory tasks must continue to be guaranteed;
Amendment 2 #
Draft opinion Paragraph –1 a (new) -1a. Underscores, in this context, the importance of the European Banking Authority for ensuring - by means of appropriate common supervision of the Single Market - financial stability, the necessary transparency and greater security for the financial market;
Amendment 20 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; is of the opinion that a gradual increase of the means available to the European Supervisory Authorities commensurate with the increasing amount of work which they are legally mandated to deliver as a part of the Banking Union single rulebook is required, while ensuring an appropriate level of prioritisation and efficiency as regards resource allocation; underlines that more resources should be deployed to control the effective enforcement of Union law and investor protection;
Amendment 21 #
Draft opinion Paragraph 3 3.
Amendment 22 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; believes that any potential increases in the Authority'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 23 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; considers, however, that efforts to that end must serve to strengthen the Authority’s independence in the face of private sector pressures and allow for the growing role of its supervisory tasks;
Amendment 24 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; notes that, for the purpose of ensuring sufficient staff at the Authority for implementing its tasks, budget and resources should be allocated properly, also in the case of additional tasks, which would further ensure its credibility and independence;
Amendment 25 #
Draft opinion Paragraph 3 a (new) 3a. Stresses that it is essential for the Authority, in view of the nature of its assignments, to exhibit transparency not only towards Parliament and the Council, but also towards all European citizens;
Amendment 26 #
Draft opinion Paragraph 3 a (new) 3 a. Stresses the need for protection of consumers as a priority and to allocate all necessary resources for this purpose;
Amendment 27 #
Draft opinion Paragraph 3 b (new) 3 b. Notes the necessity of coordination and close cooperation with the other European Supervisory Authorities and national authorities, as well as with international organisations;
Amendment 28 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly
Amendment 29 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly
Amendment 3 #
Draft opinion Paragraph –1 b (new) -1b. Stresses that, in carrying out its assignments, the Authority must pay detailed attention at all times to protecting consumers in the Union;
Amendment 30 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly
Amendment 31 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly so that it is possible to monitor any interference with supervision by parties in positions of influence.
Amendment 32 #
Draft opinion Paragraph 4 a (new) 4a. Insists, in the light of the Authority's assignments and the positions recently adopted by Parliament in this connection, that the Authority set up a secure channel for whistle-blowers as quickly as possible.
Amendment 33 #
Draft opinion Paragraph 4 a (new) 4 a. Is of the opinion that the Authority should establish a secure channel for whistle-blowers in the framework of its action plan for the years to come;
Amendment 34 #
Draft opinion Paragraph 4 a (new) 4 a. Welcomes the conclusions of the European Court of Auditors' special report and encourages the Authority to implement them as quick as possible;
Amendment 35 #
Draft opinion Paragraph 4 b (new) 4 b. Stresses further the need to enhance democratic accountability and transparency regarding meetings with stakeholders and lobbyists and properly inform the Parliament for its activities; notes that the protection of whistle- blowers will enforce transparency, democratic accountability and public control;
Amendment 36 #
Draft opinion Paragraph 4 b (new) 4 b. Calls on the Authority to calculate all the potential costs and consequences of Brexit and in particular the cost of changing location;
Amendment 4 #
Draft opinion Paragraph 1 a (new) 1a. Welcomes the fact that, in the interests of business continuity, the city hosting the new headquarters of the Authority has been selected within a reasonable period of time; points out that Parliament will play its part to the full in putting that decision into practice;
Amendment 5 #
Draft opinion Paragraph 1 a (new) 1 a. Recalls that the Authority’s lease agreement, which ends on 8 December 2026, includes a break option after six years, triggering a penalty payment of 16 months’ rent equivalent to EUR 3 246 216;
Amendment 6 #
Draft opinion Paragraph 2 2.
Amendment 7 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council; points to the need for cooperation with other institutions responsible for international supervision;
Amendment 8 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council, and must not seek to de facto broaden its mandate beyond those assignments;
Amendment 9 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council, and must not seek to broaden its mandate beyond those assignments;
source: 616.546
2018/03/02
CONT
15 amendments...
Amendment 1 #
Proposal for a decision 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 13 13. Notes with concern that 17 reported cases of conflicts of interest were reported; notes that they concerned two types of situations: either holding of shares, or former employment; notes moreover that in the case of holding of shares in institutions, all staff members who so reported had acquired them before joining the Authority and were asked to disinvest; acknowledges that a screening of those situations has taken place again in 2017 and confirmed that, in all cases, the shares have been sold; notes that in the case of previous employment of staff, three cases were investigated in 2016, and it was decided to put in place measures whereby the concerned staff would not be involved in cases concerning the competent authorities from where they were on unpaid leave;
Amendment 11 #
Motion for a resolution Paragraph 15 a (new) 15 a. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly, and should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to the general public could also be enhanced by web streaming events;
Amendment 12 #
Motion for a resolution Paragraph 19 a (new) 19 a. Expresses the need to establish an independent disclosure, advice and referral body with sufficient budgetary resources, in order to help whistle-blowers use the right channels to disclose their information on possible irregularities affecting the financial interests of the Union, while protecting their confidentiality and offering needed support and advice;
Amendment 13 #
Motion for a resolution Subheading 7 Amendment 14 #
Motion for a resolution Paragraph 25 25. 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 has 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; notes however that the Authority has the obligation to repay half of the incentive (16 months rent) it had received at the beginning of the contract and which was based on the full 12 years term of the contract (32 months rent free) and that the re-instatement of the building to the initial condition has to be performed by the end of the occupancy, regardless of when the tenant leaves; recommends that lessons should be learned from this experience in the negotiation of any and all future rental contracts;
Amendment 15 #
Motion for a resolution Paragraph 25 a (new) 25 a. Recalls that the Authority’s lease agreement, which ends on 8 December 2026, includes a break option after six years, triggering a penalty payment of 16 months’ rent equivalent to EUR 3 246 216;
Amendment 2 #
Proposal for a decision 1 Paragraph 1 1.
Amendment 3 #
Proposal for a decision 2 Paragraph 1 1. Approves the closure of the accounts of the European Banking Authority for the financial year
Amendment 4 #
Motion for a resolution Paragraph 3 a (new) 3 a. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; believes 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 5 #
Motion for a resolution Paragraph 7 7. Welcomes the fact that, of the 1164 invoices paid by the Authority in 2016, only 13 (0,9%) were paid late, and for the third year in a row the Authority paid zero late payment interest; encourages the Authority to step up its ongoing efforts in reducing late payment of invoices;
Amendment 6 #
Motion for a resolution Paragraph 8 8. Notes from the Establishment plan that 126 posts (out of 127 posts authorised under the Union budget) were occupied on 31 December 2016, compared to 118 in 2015; notes that the staff or the Authority consists of 50,3 % females and 49,7 % males; observes with satisfaction that the breakdown of the staff by gender is
Amendment 7 #
Motion for a resolution Paragraph 8 8. Notes from the Establishment plan that 126 posts (out of 127 posts authorised under the Union budget) were occupied on 31 December 2016, compared to 118 in 2015; notes that the staff or the Authority consists of 50,3 % females and 49,7 % males; observes with satisfaction that the breakdown of the staff by gender is
Amendment 8 #
Motion for a resolution Paragraph 9 9. Notes that, on average, each member of the Authority’s staff was on sick leave for 7,45 days in 2016; observes
Amendment 9 #
Motion for a resolution Paragraph 9 9. Notes with concern that, on average, each member of the Authority’s staff was on sick leave for 7,45 days in 2016 and recommends that a workplace survey should be carried out to establish if any of this is due to workplace stress; observes with satisfaction that the Authority organised well-being activities, such as health and safety sessions and annual medical examinations;
source: 618.241
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History
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