9 Amendments of Andreas SCHWAB related to 2020/2174(DEC)
Amendment 10 #
Draft opinion
Paragraph 2
Paragraph 2
2. Shares with concern the Court’s observation that to compensate for a shortage of posts the Authority relies on interim staff, which may cause dependencies on the interim work agencies and pose risks of inadequate supervision of complex work by external contractors and contractual litigation issues; is aware that, up to the time of its relocation, the Authority had been governed by UK labour law, which implies differences with regard to temporary subcontracting; calls on the Authority to enhance clarity from now on in its recruitment of staff in line with EU labour standards;
Amendment 12 #
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 15 #
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 27 #
Draft opinion
Paragraph 4
Paragraph 4
4. Acknowledges that the composition of the Board of Supervisors seems appropriate to deal with the EBAs’ rulemaking responsibilities, but less so for their supervisory roles; considers that its ability to obtain accurate information from financial institutions is not sufficient to exercise its various responsibilities;
Amendment 33 #
Draft opinion
Paragraph 5
Paragraph 5
5. Is concernedNotes that in contrast to the established budget, the contributions of EFTA Members’ National Competent Authorities (NCA) were not calculated according to the formula set out in that very same budget and thus reduced the payments of EU and EFTA NCAs by EUR 0.7m; notes that the calculation of pension contributions needs further clarification; is aware that the calculation is an estimate and that it is subject to the composition of the staff during the year and to the possibility of making adjustments annually;
Amendment 38 #
Draft opinion
Paragraph 6
Paragraph 6
6. NotesWelcomes the fact that the Authority has intensified its administrative cooperation with the European Securities and Markets Authority (ESMA) in terms of public procurement procedures; calls for the spirit of synergy to continue in the interests of the efficiency of both authorities.
Amendment 42 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. 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;
Amendment 44 #
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7 b. 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 45 #
Draft opinion
Paragraph 7 c (new)
Paragraph 7 c (new)
7 c. 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;