10 Amendments of Sirpa PIETIKÄINEN related to 2020/2176(DEC)
Amendment 10 #
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 13 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Points out that the Authority has been given more powers in the area of direct supervision and strengthening of convergence; welcomes this assignment of responsibility but warns that, to be effective, this process must be gradual and continuous;
Amendment 14 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2 c. 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 15 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Recognises that the composition of the Board of Supervisors seems appropriate to address the Authority's regulatory powers, but less so with regard to its supervisory functions; considers that its ability to obtain accurate information from financial institutions is not sufficient to exercise its various responsibilities;
Amendment 18 #
Draft opinion
Paragraph 5
Paragraph 5
5. Reiterates that surpluses and deficits from fees charged to credit rating agencies and trade repositories can lead to a cross-financing of activities, which should be brought to an end; calls on the Commission to present a legislative proposal to this affect;
Amendment 20 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Warns that in order to achieve good supervision it is essential that the Authority has the capacity to adopt measures to adjust to risks or problems that may arise on the market; considers that the calculation of resources should be made on an annual basis;
Amendment 23 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Welcomes the fact that the Authority has intensified its administrative cooperation with the European Banking Authority in terms of public procurement procedures; calls for the spirit of synergy to continue in the interests of the efficiency of both authorities;
Amendment 25 #
Draft opinion
Paragraph 6 b (new)
Paragraph 6 b (new)
6 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 27 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6 c. 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 29 #
Draft opinion
Paragraph 6 d (new)
Paragraph 6 d (new)
6 d. 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;