7 Amendments of José Manuel GARCÍA-MARGALLO Y MARFIL related to 2020/2175(DEC)
Amendment 9 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Considers that the responsibilities of the Authorities have progressively increased since their creation; notes that budget increases should be gradual and continuous over time in line with the increase in competencies; considers that the future responsibilities arising, inter alia, from the Digital Finance Strategy as well as the responsibilities inherent in the fight against money laundering require an adaptation of the Authorities' financing;
Amendment 10 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Underlines that in certain cases the mandates adopted at level 1 of the legislation do not take into account the minimum timeframes required for the Authorities to carry out the necessary work to develop and adopt level 2 measures, thereby making reallocations of resources necessary and causing delays in the implementation of certain measures;
Amendment 11 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2 c. Considers that the Authority should have some flexibility in the recruitment of its staff and the management of its resources, as they have to respond to the urgent, precise and technical needs of the sectors which they supervise;
Amendment 15 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Stresses that much work remains to be done to combine regulatory tasks with the increase in supervisory tasks; considers that further efforts are needed in terms of budget and recruitment and governance of management and procedures in order to foster supervisory convergence, thereby contributing to the single market;
Amendment 16 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4 b. Believes that the Authority should take account of new digital challenges and those related to sustainability; considers that the fulfilment of these established objectives and their integration into the regulatory and supervisory framework must always be in line with the strengthening of the market, without undermining its competitiveness and without placing an excessive burden on market actors, especially small and medium-sized ones; considers that the monitoring of the implementation of these objectives must be met with adequate resources;
Amendment 17 #
Draft opinion
Paragraph 4 c (new)
Paragraph 4 c (new)
4 c. Points out that the Authority, when carrying out its activities, needs to pay attention to ensuring compliance with Union law, to respecting the principle of proportionality and to complying with the fundamental principles which govern the internal market;
Amendment 18 #
Draft opinion
Paragraph 4 d (new)
Paragraph 4 d (new)
4 d. Is of the opinion that the combination of public-private experience that its staff brings is beneficial to the Authority; considers that systems should be explored to attract talent from the private sector to the public sector and vice versa, with minimum safeguards in place to promote the independence of both sectors; believes that the implementation of the rules in this area should be monitored by common bodies of the Union and should take into account the specific circumstances of each case;