Activities of Ralph PACKET related to 2018/2202(DEC)
Shadow opinions (1)
OPINION on discharge in respect of the implementation of the budget of the European Banking Authority for the financial year 2017
Amendments (11)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Acknowledges that, in the opinion of the Court of Auditors, the European Banking Authority’s transactions underlying the annual accounts for the year 2017 are legal and regular in all material aspects; notes, however, that the Court of Auditors observed weaknesses in the Authority’s public procurement procedures; calls on the Authority to improve these procedures;
Amendment 4 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Acknowledges that the European Banking 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;
Amendment 6 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Emphasises the necessity to cooperate efficiently with national competent authorities and, where appropriate, with institutions responsible for international supervision;
Amendment 7 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that, while making sure that all assignments resulting from the regulatory framework laid down by the European Parliament and Council are carried out in full and within deadline, the Authority should carefully adherestick to the tasks and the mandate assigned to it by the European Parliament and the Council, so as to achieve optimal use of resources and achievement of objectives;
Amendment 9 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Stresses that the Authority should pay particular attention to the principle of proportionality; underlines that, in particular when formulating Level 2 and Level 3 measures, attention should be devoted to specific features of national financial markets;
Amendment 11 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that, as the Authority’s workload is increasingly shifting from regulatory tasks to enforcing and applying the Union law, the Authority’s budgetary and personnel resources should be reallocated internally; stresses, in this respect, the need to ensure an appropriate level of prioritisation as regards resource allocation;
Amendment 14 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Believes that any potential increase in the Authority’s means must be accompanied by adequate rationalisation measures;
Amendment 16 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3 b. Notes that the total number of staff stood at 190 at the end of 2017, compared to 161 at the end of 2016;
Amendment 17 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses the need to allocate moresufficient resources to anti-money laundering tasks to fulfil the Authority’s oversight functions and inquiries into national institutions; urges the Authority to ensure that competent authorities and credit and financial institutions apply the European Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) legislation effectively and consistently; notes the Commission proposal to extend the supervisory powers of the Authority related to AML/CFT from the banking sector to the financial sector as a whole, thereby taking over the relevant tasks and supervisory powers currently held by ESMA and EIOPA;
Amendment 21 #
Draft opinion
Paragraph 5
Paragraph 5
5. Emphasizes that the Authority’s budget is financed partlyby 40% from European Union funds and partlyby 60% through direct contributions from the Member States’ supervisory authorities; highlights that the Authority’s revenue will decrease as a result of the United Kingdom’s decision to withdraw from the Union, and stresses the need to find adequate arrangements for its funding.; stresses, however, that the United Kingdom’s withdrawal from the Union might also imply a shift away from tasks and activities related to credit and financial institutions based in the United Kingdom, which should be reflected in the Authority’s budgetary and personnel resources; notes, in this respect, that the United Kingdom’s withdrawal from the Union provides a rationalisation opportunity for the Authority;
Amendment 27 #
Draft opinion
Paragraph 6
Paragraph 6
6. Highlights that the Authority will leave the United Kingdom in 2019, and draws attention to its budgetary implications; recalls the importance of a smooth and cost-effective relocation of the Authority.