Activities of Olle LUDVIGSSON related to 2014/2122(DEC)
Shadow opinions (1)
OPINION on discharge in respect of the implementation of the budget of the European Securities and Markets Authority for the financial year 2013
Amendments (7)
Amendment 1 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Takes note of the observation made by the Commission, in its recent report on the operation of the European Supervisory Authorities (ESAs) and the ESFS, that, in spite of difficult circumstances, the ESAs have quickly established well-functioning organisations which, overall, have performed well against their broad range of tasks, while facing increasing demands with limited human resources;
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Underlines that ESMA’s role in promoting a common supervisory regime across the Single Market is essential to ensure better integrated, more efficient and safer financial markets in the EU;
Amendment 5 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Emphasizes, without questioning that overall opinion, that ESMA needs to get its act together on a couple of minor points highlighted by the Court; finds the 2013 situation regarding late payments of bills and incorrectly paid VAT to be unacceptable;
Amendment 9 #
Draft opinion
Paragraph 4
Paragraph 4
4. Acknowledges that the ESFS is still in a setting-up phase and stresses that the tasks already entrusted to ESMA, as well as future tasks envisaged in on-going legislative work, require an adequate level of staff and budget to allow for satisfactory supervision; emphasizes that, as a general principle, additional tasks should be accompanied by additional resources; stresses however that any potential increases in its means should be preceded and/or complemented by rationalisation efforts wherever possible;
Amendment 14 #
Draft opinion
Paragraph 5
Paragraph 5
5. Stresses that, given its limited resources, ESMA must stick strictly to the tasks assigned to it by the Union legislator and; underlines that ESMA should carry out those assignments in full, but that it must not seek to de facto broaden its mandate beyond those assignmentsem;
Amendment 17 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Stresses that ESMA, while waiting for a stronger mandate on consumer protection, should seek to make broader and more active use of already available powers in that field; underlines that intensified consumer-focused collaboration with the other ESAs through the Joint Committee would be a positive step forward in this regard;
Amendment 24 #
Draft opinion
Paragraph 6
Paragraph 6
6. Concludes that ESMA’s mixed financing arrangement is inflexible, burdensome and a potential threat to its independence; therefore calls on the Commission to reconsider the financing arrangement in favour of an independent separate budget line fromin the EU budget and the introductionan extended use of fees by market participants.