Activities of Sylvie GOULARD related to 2015/2060(INI)
Plenary speeches (2)
The EU role in the framework of international financial, monetary and regulatory institutions and bodies (short presentation) FR
The EU role in the framework of international financial, monetary and regulatory institutions and bodies (short presentation) FR
Reports (1)
REPORT on the EU role in the framework of international financial, monetary and regulatory institutions and bodies PDF (348 KB) DOC (148 KB)
Amendments (24)
Amendment 12 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Emphasizes the importance of a unified European voice in international institutions and bodies and calls on the Commission to propose a European code of conduct on transparency and accountability designed to guide the action of European representatives in international organisations, drawing upon existing best practices; in time this code of conduct could be used as an example by all international institutions and bodies when they create their own codes of conduct;
Amendment 15 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Considers that this unified and inclusive European approach could be better realised through a regular and formal 'financial dialogue' organised in the European Parliament in order to establish 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;
Amendment 16 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Considers that this dialogue would serve to define the negotiating remit for areas where the European Parliament is co-legislator with the Council, unifying European positions around the legislation adopted by majority vote or avoiding inconsistencies with legislation pending adoption;
Amendment 22 #
Motion for a resolution
Recital C
Recital C
C. whereas the diversity of the legal structures and financial and operating procedures of international economic organisations make it difficult to undertake an overall monitoring; the International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD) are genuine international organisations, set up by Treaty, with broad remits and composition, while the G20, the Financial Stability Board and the Basel Committee, for example, are among the informal public bodies with limited membership, some of which have enjoyed a new impetus following the crisis, and the International Organisation of Securities Commissions (IOSCO), the International Association of Insurance Supervisors (IAIS), the International Organisation of Pension Supervisors (IOPsS) and the International Accounting Standards Board (IASB) are private specialist organisassociations of a sectoral nature with more or less involvement on the part of the sectors concerned;
Amendment 26 #
Draft opinion
Paragraph 7
Paragraph 7
7. Believes that in the future, with due regard to the distribution of competences between the EU and its Member States and the progress made towards deepening economic and monetary union, consideration should be given to introducing unified external representation of the EU and the euro area within the IMF and other international economic forums should be ensured, in order to allow the EU to fully exploit its potential fully and to increase its relevance and influence within the global economic and financial architecture; considers it imperative that this unified representation begins with progress towards single representation of the euro area within the IMF, without prejudice to the creation of a single European Union constituency in the long term;
Amendment 27 #
Motion for a resolution
Recital D
Recital D
D. whereas a number of informal exchanges are already taking place, albeit not on a systematic basis, between the European Parliament and certain of these organisations/bodies;
Amendment 29 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Calls for the provision of a single seat for the Council and Commission presidencies at G20 meetings, as the two current separate seats detract from Europe's external credibility;
Amendment 36 #
Motion for a resolution
Recital G a (new)
Recital G a (new)
Ga. whereas the common goal of all stakeholders should be to design a comprehensive framework providing financial stability and to ensure consistency between the global and local levels;
Amendment 39 #
Motion for a resolution
Recital G b (new)
Recital G b (new)
Gb. whereas the creation of new EU supervisory bodies should not automatically imply the increase of seats the EU holds in those organisations and bodies; warns that an increase of seats may lead to a situation which has undemocratic effects such as blocking minorities being more likely to occur and could create unease amongst the EU’s partners;
Amendment 47 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Expresses concern at the lack of coherence caused by the fragmentation and diversity of the various organisations/bodies and at the delays in ensuring a level playing field at international level;
Amendment 52 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls for clarification as to the remit of each organisation/body and the legal nature of their decisions;
Amendment 72 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Regards as detrimental to the Union situations in which representatives of a Member State or national organisationauthority assume positions in international organisations/bodies that are contrary to European legislative or regulatory decisions democratically adopted by majority vote;
Amendment 83 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers that the priorities of organisations and related working groups should be clarified and formally set out; takes the view, that the principle of consensus risks not only slowing down deliberations but also diluting the substance of the recommendations and that the composition of the organisations must reflect their diversity in financial, economic and supervisory terms; stresses the need to carry out ex ante impact assessmentevaluations; considers that such evaluations are without prejudice to the political prerogatives of the co-legislators;
Amendment 86 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Welcomes the work done by the OECD on tax issues, especially the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project; considers that the monitoring of the implementation is the new challenge ahead; underlines that the coordination between the Commission and the Member States that are members of the Financial Action Task Force (FATF) should be improved in order for the EU to make its voice heard;
Amendment 90 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Takes note that the FSB is now engaging to develop standards in the insurance sector; recognizes that the IAIS is playing an important role in global insurance policy, but stresses that involving EIOPA would have the benefit of strengthening the contribution of European insurance specific expertise and ensure that the standards developed at global level do not go against the logic the EU has been the first to develop;
Amendment 96 #
Motion for a resolution
Paragraph 9 – indent 1
Paragraph 9 – indent 1
- Calls on the Commission to draw on existing best practices to draft a European code of conduct on transparency and accountability designed to guide the action of European representatives in international organisations/bodies;
Amendment 104 #
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/bodies (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;
Amendment 126 #
Motion for a resolution
Paragraph 9 – indent 4
Paragraph 9 – indent 4
- Observes that, in areas where the European Parliament is co-legislator with the Council, the dialogue would serve to define their negotiating remit, unifying European positions around the legislation adopted by majority vote or avoiding inconsistencies with legislation pending adoption; calls for particular attention to be paid to compliance by countries with the overall recommendations made by these organisations/bodies in order to create a level playing field at international level;
Amendment 128 #
Motion for a resolution
Paragraph 9 – indent 4 a (new)
Paragraph 9 – indent 4 a (new)
- Calls on the Member States to accept the representation of Banking Union at the Basel Committee on banking supervision through the Single Supervisory Mechanism;
Amendment 135 #
Motion for a resolution
Paragraph 9 – indent 5
Paragraph 9 – indent 5
- Urges that the Member States to take seriously the coordination provisions of the Treaties;
Amendment 147 #
Motion for a resolution
Paragraph 9 – indent 6 a (new)
Paragraph 9 – indent 6 a (new)
- underlines that it is the duty of the Commission, the Council, or where appropriate the Eurogroup, to strengthen the coordination through preparatory meetings; considers that new ad hoc working groups should be set up, if necessary, like the Economic and Financial Committee (EFC), the Eurogroup Working Group (EWG) and Economic Policy Committee (EPC);
Amendment 148 #
Motion for a resolution
Paragraph 9 – indent 6 b (new)
Paragraph 9 – indent 6 b (new)
- Considers that beyond the sole case of the IMF progressive streamlining should be implemented over the next years through first enhanced coordination then through unification of the seats; believes that membership to these organisations and bodies should be made according to the respective competencies of the EU institutions and agencies, the Council/Eurogroup, and the national authorities; is of the opinion that in parallel the EU should work on the functioning of those organisations and bodies to move away from the consensus to a weighted majority voting system;
Amendment 168 #
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; believes that experiences built notably in the trade sector could be used to set up these arbitration and penalisation panels;
Amendment 175 #
Motion for a resolution
Paragraph 9 – indent 8 a (new)
Paragraph 9 – indent 8 a (new)
- Highlights the increasing importance of the Asian Infrastructure Investment Bank and welcomes the efforts to unify the representation of the EU mainly through rotation between the Member States;