2019/2090(DEC) 2018 discharge: European Banking Authority (EBA)
Next event: Indicative plenary sitting date, 1st reading/single reading 2020/03/31
Lead committee dossier:
Next event: Indicative plenary sitting date, 1st reading/single reading 2020/03/31
Progress: Awaiting committee decision
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Lead | CONT | CZARNECKI Ryszard ( ECR) | NOVAKOV Andrey ( EPP), WOLTERS Lara ( S&D), GHINEA Cristian ( Renew), KUHS Joachim ( ID), EICKHOUT Bas ( Verts/ALE), OMARJEE Younous ( GUE/NGL) |
Committee Opinion | ECON | EPPINK Derk Jan ( ECR) | Matt CARTHY ( GUE/NGL), Lefteris CHRISTOFOROU ( PPE), Sven GIEGOLD ( Verts/ALE) |
Lead committee dossier:
Subjects
Events
2020/03/31
Indicative plenary sitting date, 1st reading/single reading
2019/12/05
EP - Committee draft report
Documents
2019/10/01
EP - CZARNECKI Ryszard (ECR) appointed as rapporteur in CONT
2019/09/18
EP - Committee referral announced in Parliament, 1st reading/single reading
2019/09/16
EP - EPPINK Derk Jan (ECR) appointed as rapporteur in ECON
2019/06/27
EC - Non-legislative basic document
Documents
2019/06/27
EC - Non-legislative basic document published
Documents
Documents
- Committee draft report: PE639.863
- Non-legislative basic document: COM(2019)0316
- Non-legislative basic document: EUR-Lex
- Non-legislative basic document published: COM(2019)0316
- Non-legislative basic document published: EUR-Lex
- Non-legislative basic document: COM(2019)0316 EUR-Lex
- Committee draft report: PE639.863
Amendments | Dossier |
25 |
2019/2090(DEC)
2019/12/09
ECON
25 amendments...
Amendment 1 #
Draft opinion Paragraph 1 1.
Amendment 10 #
Draft opinion Paragraph 2 a (new) 2 a. Takes note of the Annual report on EU agencies for the financial year 20182a of the European Court of Auditors, that interim workers should work under the same working conditions as workers employed directly by the user undertaking, however the Authority did not likely carry out any comparison between the working conditions of its own staff and those of interim workers; calls on the Authority therefore to analyse the working conditions of its interim workers and ensure that they are in line with European and national labour law; _________________ 2a https://www.eca.europa.eu/Lists/ECADoc uments/AGENCIES_2018/AGENCIES_2 018_EN.pdf
Amendment 11 #
Draft opinion Paragraph 2 a (new) 2 a. Questions whether the resources allocated to the Authority are sufficient to enable it to fully carry out an increasing number of tasks assigned to it, in particular in the important field of anti- money laundering; questions whether using temporary workers and external consultancies rather than increasing the number of its own staff is the best use of resources in the long-term, particularly in strategic sectors such as IT, as stated by the Court of Auditors;
Amendment 12 #
Draft opinion Paragraph 2 a (new) 2 a. Points out that the principle of proportionality should be a guiding principle for EBA's work;
Amendment 13 #
Draft opinion Paragraph 3 Amendment 14 #
Draft opinion Paragraph 3 a (new) 3 a. Requests that the Authority conduct an inquiry into dividend arbitrage trading schemes such as cum-ex in order to assess potential threats to the integrity of financial markets and to national budgets, to establish the nature and magnitude of actors in such schemes, to assess whether there were breaches of either national or Union law, to assess the actions taken by financial supervisors in Member States, and to make appropriate recommendations for reform and for action to the competent authorities concerned;
Amendment 15 #
Draft opinion Paragraph 4 Amendment 16 #
Draft opinion Paragraph 5 Amendment 17 #
Draft opinion Paragraph 5 Amendment 18 #
Draft opinion Paragraph 5 5. Recalls that 100 % of the budgetary surplus has been allocated to the Commission whereas Member States consider that 60 % thereof should be refunded to them; calls on the Commission to
Amendment 19 #
Draft opinion Paragraph 5 5. Recalls that 100 % of the budgetary surplus has been allocated to the Commission whereas Member States consider that 60 % thereof should be refunded to them; calls on the Commission to
Amendment 2 #
Draft opinion Paragraph 1 a (new) 1 a. Emphasises that the Authority’s role in promoting a common supervisory regime across the European financial system is essential in order to ensure financial stability, a better integrated, more efficient and safer financial market, as well as a high degree of consumer protection in the Union by promoting fairness and transparency on the product and financial services market;
Amendment 20 #
Draft opinion Paragraph 6 6. Notes that as a result of the completed move of its seat to Paris in 2019, the accounts include provisions for related costs amounting to EUR 4,7 million and provisions for remaining future contractual payments for its offices in London amounting to EUR 10,4 million
Amendment 21 #
Draft opinion Paragraph 6 a (new) 6 a. Recalls the Authority’s new role, tasks and resources in the fight against money laundering and terrorist financing; holds that the effective performance of this role and tasks depends on the support of the Board of Supervisors;
Amendment 22 #
Draft opinion Paragraph 6 b (new) 6 b. Regrets in this context the rejection of a proposal to investigate the Danske Bank money laundering case;
Amendment 23 #
Draft opinion Paragraph 6 c (new) 6 c. Is concerned about the conflict of interest that has arisen as a consequence of the appointment of the Authority’s Executive Director as Chief Executive of AFME from 1 February 2020 which was insufficiently addressed by the restrictions imposed by the Board of Supervisors; is further concerned about the systematic nature of the 'revolving door' phenomenon that has the potential to compromise the integrity of Union institutions and to damage citizens' trust in them;
Amendment 24 #
Draft opinion Paragraph 6 d (new) Amendment 25 #
Draft opinion Paragraph 6 e (new) 6 e. Urges the Authority to deliver its proposals for reducing the supervisory reporting burden for small and non- complex institutions within the timeframe set by the European Parliament and the Council in order to achieve more proportionality1a; calls on the Authority to duly consider the principle of proportionality in its everyday work, including by equally considering the contributions of actors of different sizes in its consultations and accounting for the needs of small actors in its guidelines and its Questions and Answers; asks the Authority to ensure the consistent use of definitions in all regulatory and non- regulatory documents1b; _________________ 1a based on input provided by IHK München and Genossenschaftsverband Bayern 1bbased on input provided by Michael Ikrath, Member of the European Economic and Social Committee
Amendment 3 #
Draft opinion Paragraph 1 b (new) 1 b. Recalls the importance of supervising the public financial sector, which is a necessary and truly effective instrument in combating tax fraud and money laundering;
Amendment 4 #
Draft opinion Paragraph 1 c (new) 1 c. Underlines the responsibility of the financial system in meeting sustainability challenges and ensuring that the Union meets its obligations under the Paris Agreement under the United Nations Framework Convention on Climate Change; highlights the crucial role of the Authority in integrating environmental, social and governance related factors into the regulatory and supervisory framework and in mobilising and guiding private capital flows towards sustainable investments; therefore stresses the need for sufficient resources to monitor the implementation of that framework by financial institutions and national competent authorities;
Amendment 5 #
Draft opinion Paragraph 1 d (new) 1 d. Notes that the Authority will see its role, powers and resources in the field of anti-money laundering and combating the financing of terrorism (AML/CFT) reinforced in the context of the new legislative proposals on which political agreement was reached in March 20191a; stresses that the Authority should take a leading role in the prevention of money laundering, taking advantage of the new competences and the creation of a new internal AML/CFT committee, and should therefore be provided with increased capacity in human and material resources to contribute effectively to the consistent and efficient prevention of the use of the financial system for the purposes of money laundering and the financing of terrorism; _________________ 1a https://ec.europa.eu/commission/presscor ner/detail/en/IP_19_1655
Amendment 6 #
Draft opinion Paragraph 1 e (new) 1 e. Underlines that the Authority, when carrying out its activities, needs to pay particular attention to ensuring compatibility with Union law, to respecting the principle of proportionality and to complying with the fundamental principles of the internal market;
Amendment 7 #
Draft opinion Paragraph 1 f (new) 1 f. Underlines the importance of an open, efficient and independent administration for all Union agencies and the Union as a whole; recalls the problem of conflict of interest arising from ‘revolving door’ situations and stresses the need for a unified legal framework to address these issues;
Amendment 8 #
Draft opinion Paragraph 2 2. Notes that
Amendment 9 #
Draft opinion Paragraph 2 2. Notes that, as the Authority’s
source: 644.878
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