11 Amendments of Sirpa PIETIKÄINEN related to 2015/2060(INI)
Amendment 18 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas the existing international institutions with their own distinct governance structures and remits of action have sprung up throughout the history as a response to each specific situation; whereas this has led to duplication of tasks in some cases, to opaqueness of the current system and lack of overall coordination;
Amendment 26 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas there exists a perceived lack of transparency in all the major global economic and financial institutions that leads, among others, to opaqueness of policy formulations; whereas it should be a priority for the EU to work towards increasing the transparency of these institutions;
Amendment 54 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Calls for better policy coherence and coordination amongst the global institutions and for a renewal of the established working culture and methods in order to increase the transparency and accountability; considers that this must include public access to key documents such as minutes and preparatory papers, open dialogue with all the stakeholders as well as the civil society and the establishment of transparency registers similar to the one used in the European Parliament and the Commission;
Amendment 61 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Takes the view that the EU cshould streamline its representation, with a view to increasing its influence and promoting the legislation it has adopted through a democratic process;
Amendment 63 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Is convinced that the EU should become a more proactive global actor in ensuring implementation of globally agreed regulation, especially the G20 commitments that are yet to be addressed, such as transforming shadow banking, and to ensure emerging risks to global economy are taken up on the agenda of the relevant global institution;
Amendment 103 #
Motion for a resolution
Paragraph 9 – indent 2
Paragraph 9 – indent 2
- Recommends, on the basis of the code, working towards global standards of transparency and accountability, regarding the statute, financing and operation of those organisations (including their relations with the sector concerned and the public, their communication and access to their documents) as well as their dialogue with the authorities; stresses that new ways of enhancing accountability, transparency and dialogue between the organisations and their member states, national parliaments, and wider civil society should be found, e.g. in the form of formal hearings; is of the opinion that the Commission could play a central role in facilitating these hearings;
Amendment 109 #
Motion for a resolution
Paragraph 9 – indent 2 a (new)
Paragraph 9 – indent 2 a (new)
- Calls for the establishment of a common EU policy towards all international financial institutions to ensure policy coherence; is of the opinion that, in order to ensure parliamentary oversight, the European Parliament should give its input to the formulation of this policy in a form of a ‘guidance’ report to the Commission once or twice a parliamentary term, spelling out the Parliament’s view on general policy orientations and goals without going into the details; is of the opinion that the Commission should, based on this guidance, also report back to the Parliament on how this guidance was applied in practice;
Amendment 117 #
Motion for a resolution
Paragraph 9 – indent 3
Paragraph 9 – indent 3
- Calls, in addition to this general policy guidance, for a formalised and regular ‘financial dialogue’ to be organised in the European Parliament for the purpose of establishing specific guidelines regarding the adoption of European positions in the run- up to major international negotiations, making sure that these positions are known and ensuring follow-up; the European institutions, the Member States and, where appropriate, the heads of the international organisations concerned would be invited to attend; the nature (public or in camera) and frequency of this dialogue would depend on practical requirements; is of the opinion that in order to enhance the parliamentary oversight further it could be considered that the Parliament would be granted the right of scrutiny of the EUs positions in major international negotiations and initiatives;
Amendment 136 #
Motion for a resolution
Paragraph 9 – indent 5 a (new)
Paragraph 9 – indent 5 a (new)
- Calls on the Commission to include in its work programme the external dimension of economic and financial regulation, that is, the work anticipated to take place in the international financial institutions; is of the opinion that the Commission should, in this respect, also ensure better policy coherence of EU regulation and the EU external commitments;
Amendment 137 #
Motion for a resolution
Paragraph 9 – indent 5 b (new)
Paragraph 9 – indent 5 b (new)
- Urges the Commission, in order to enhance internal policy coherence, to set up a working group on global economic governance and financial institutions; is of the opinion that the longer term goal could be to task the Eurozone treasury- as outlined in the ‘five presidents report’ - with this coordination and to bring the relevant Council working group under the same coordination to ensure both institutions work coherently on the international arena;
Amendment 172 #
Motion for a resolution
Paragraph 9 – indent 8
Paragraph 9 – indent 8
- Calls on the EU institutions and Member States to reflect on the practicalities of creating a global financial organisation with wide-ranging powers of recommendation, arbitration and, where appropriate, penalisation through independent panels; , on a longer term, a global treaty based financial organisation following the lines suggested in the De Larosiere - report, with wide-ranging powers of recommendation, arbitration and, where appropriate, penalisation through independent panels; is of the opinion that this task could also be given to an existing institution and that a modified IMF Board turned into a governing council could be the best suited for this; stresses, however, that in order to ensure better coordination in the interim, the role of the Financial Stability Board should be strengthened to coordinate different international initiatives, ensure follow-up and implementation of agreed-upon decisions, ensure overall transparency and take up the task of mapping out new, emerging risks to global economy and financial systems, such as the risk of stranded assets or the need to develop rules to govern new business models such as crowd funding;