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Single Resolution Board: Accountability arrangements (9th parliamentary term)

14-04-2021

This document provides an overview of public hearings and exchange of views with the Chair of the Single Resolution Board (SRB) in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the SRB. For an overview of public hearings during the 8th parliamentary term, ...

This document provides an overview of public hearings and exchange of views with the Chair of the Single Resolution Board (SRB) in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the SRB. For an overview of public hearings during the 8th parliamentary term, please see here.

Nomination of a Polish member of the European Court of Auditors

10-12-2020

On 29 October 2020, the Polish government proposed the nomination of Marek Opioła, as a candidate for membership of the European Court of Auditors (ECA). There is currently no Polish member of the ECA, since Janusz Wojciechowski took office as European Commissioner on 1 December 2019. The European Parliament's Committee on Budgetary Control (CONT) held a hearing with the nominee on 7 December, and subsequently delivered an unfavourable opinion. A vote in plenary is scheduled for the December plenary ...

On 29 October 2020, the Polish government proposed the nomination of Marek Opioła, as a candidate for membership of the European Court of Auditors (ECA). There is currently no Polish member of the ECA, since Janusz Wojciechowski took office as European Commissioner on 1 December 2019. The European Parliament's Committee on Budgetary Control (CONT) held a hearing with the nominee on 7 December, and subsequently delivered an unfavourable opinion. A vote in plenary is scheduled for the December plenary session.

Nomination to the European Court of Auditors: Role of the European Parliament in the appointment procedure

07-12-2020

Members of the European Court of Auditors (ECA) are appointed by the Council, after consultation with the European Parliament. The ECA consists of 27 members, one national from each of the 27 European Union Member States. Candidates for membership are proposed by their respective Member States, and appointed for a renewable term of six years. Members are required to perform their duties in complete independence and in the general interest of the EU. This Briefing takes appointments since 2009 (the ...

Members of the European Court of Auditors (ECA) are appointed by the Council, after consultation with the European Parliament. The ECA consists of 27 members, one national from each of the 27 European Union Member States. Candidates for membership are proposed by their respective Member States, and appointed for a renewable term of six years. Members are required to perform their duties in complete independence and in the general interest of the EU. This Briefing takes appointments since 2009 (the beginning of the seventh parliamentary term) as its starting-point. At the end of that legislature, Parliament adopted an important resolution detailing the principles and selection criteria for the nomination of members of the ECA, such as the requirement that members do not serve more than two terms of office. Even though the opinions delivered by the European Parliament are not legally binding, they have become a powerful tool in the appointment procedure. With the adoption of a resolution in 2014, Parliament further shaped the selection criteria it will apply when examining a candidate. The publicity surrounding these hearings and the questionnaire answered by the candidates make it difficult for the Council to over-ride any negative opinion delivered by Parliament. The analysis illustrates the extent to which Parliament's democratic scrutiny of the ECA influences the process of appointment: even though the Council has three times appointed a candidate despite an unfavourable opinion by Parliament, in two other cases, nominees withdrew their candidacy after Parliament delivered a negative opinion, and in another, the government of the Member State concerned withdrew the nomination and proposed a new candidate.

Nominations for Members of the European Court of Auditors

02-12-2020

On the occasion of the nomination of a new Polish member for the Court of Auditors, this briefing describes the national nomination process and the roles of EP and Council.

On the occasion of the nomination of a new Polish member for the Court of Auditors, this briefing describes the national nomination process and the roles of EP and Council.

Vacanza di una carica di Vicepresidente del Parlamento

05-11-2020

Il 7 ottobre 2020 il Parlamento europeo ha approvato a larghissima maggioranza la nomina di Mairead McGuinness a Commissaria europea responsabile della Stabilità finanziaria, dei servizi finanziari e dell'Unione dei mercati dei capitali, nonché la modifica del portafoglio del Vicepresidente esecutivo della Commissione, Valdis Dombrovskis, che è il nuovo Commissario responsabile per il Commercio. Successivamente, il 12 ottobre, Mairead McGuinness è stata nominata dal Consiglio a norma dell'articolo ...

Il 7 ottobre 2020 il Parlamento europeo ha approvato a larghissima maggioranza la nomina di Mairead McGuinness a Commissaria europea responsabile della Stabilità finanziaria, dei servizi finanziari e dell'Unione dei mercati dei capitali, nonché la modifica del portafoglio del Vicepresidente esecutivo della Commissione, Valdis Dombrovskis, che è il nuovo Commissario responsabile per il Commercio. Successivamente, il 12 ottobre, Mairead McGuinness è stata nominata dal Consiglio a norma dell'articolo 246 del trattato sul funzionamento dell'Unione europea (TFUE), e ha così cessato di essere membro del Parlamento europeo nonché suo primo Vicepresidente. È previsto che Il Parlamento si pronunci sull'elezione di un nuovo Vicepresidente in occasione della tornata di novembre I.

Accountability at the Fed and the ECB

30-09-2020

This paper reviews the independence and accountability of the ECB and the Federal Reserve. While the ECB makes significant efforts to be accountable for its actions, there are several improvements that could be made to European institutions to improve its independence and accountability. These include reforming the process of appointing ECB Executive Board members, improving the transparency of ECB decision-making and refor