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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.

Vacancy for a Parliament Vice-President

05-11-2020

On 7 October 2020, the European Parliament approved by an overwhelming majority the appointment of Mairead McGuinness as European Commissioner for Financial Services, Financial Stability and Capital Markets Union, as well as the change of portfolio of Commission Executive Vice-President Valdis Dombrovskis, to become the new Trade Commissioner. Mairead McGuinness was subsequently appointed by the Council (Article 246 of the Treaty on the Functioning of the European Union, TFEU) on 12 October and thus ...

On 7 October 2020, the European Parliament approved by an overwhelming majority the appointment of Mairead McGuinness as European Commissioner for Financial Services, Financial Stability and Capital Markets Union, as well as the change of portfolio of Commission Executive Vice-President Valdis Dombrovskis, to become the new Trade Commissioner. Mairead McGuinness was subsequently appointed by the Council (Article 246 of the Treaty on the Functioning of the European Union, TFEU) on 12 October and thus ceased to be a Member of the European Parliament as well as its first Vice-President. Parliament is expected to hold a vote on the election of a new Vice-President during the November I plenary part-session.

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 reforming aspects of the Monetary Dialogue to make the questioning more effective ...

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 reforming aspects of the Monetary Dialogue to make the questioning more effective. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs (ECON).

Autor extern

Karl WHELAN

Replacement of individual Commissioners

08-09-2020

On 26 August 2020, Commissioner Phil Hogan tendered his resignation to the President of the European Commission following controversy over his participation in an Oireachtas (Irish Parliament) Golf Society dinner attended by more than 80 people, despite the applicable Irish public health guidelines adopted to contain the spread of Covid-19 limiting gatherings to a fraction of that number. In addition, questions were raised as to whether he had complied with applicable restrictions on movements after ...

On 26 August 2020, Commissioner Phil Hogan tendered his resignation to the President of the European Commission following controversy over his participation in an Oireachtas (Irish Parliament) Golf Society dinner attended by more than 80 people, despite the applicable Irish public health guidelines adopted to contain the spread of Covid-19 limiting gatherings to a fraction of that number. In addition, questions were raised as to whether he had complied with applicable restrictions on movements after his arrival in Ireland. Although President Ursula von der Leyen had not formally requested his resignation, she accepted it and thanked Commissioner Hogan for 'his tireless and successful work' during the current mandate as Trade Commissioner and in his previous mandate as Agriculture and Rural Development Commissioner. Consequently, the procedure to replace him has started, with President von der Leyen requesting that the Irish government propose both a female and a male candidate. On 4 September, the Irish government proposed two candidates to replace Phil Hogan: Mairead McGuinness, current European Parliament First Vice-President, and Andrew McDowell, a recent European Investment Bank Vice-President. On 8 September, President von der Leyen announced she had chosen Mairead McGuinness, and that she would take over financial services, financial stability and the capital markets union from Valdis Dombrovskis. The latter would take the trade portfolio permanently (having already taken it temporarily in the meantime), while continuing in his role of Executive Vice-President. Parliament is now expected to organise hearings with both.

Nominations for Members of the European Court of Auditors

15-06-2020

Short presentation of - Treaty provisions and appointment procedure, - upcoming and recent nominations and - avenues for further research.

Short presentation of - Treaty provisions and appointment procedure, - upcoming and recent nominations and - avenues for further research.

Has the application of the “fit and proper” regime improved governance structures in the Banking Union?

23-04-2020

This paper examines trends in the size and composition of the boards of significant institutions during the 2011-2018 period, comprising several years before and after the ECB started conducting fit and proper assessments in 2014. Throughout this period, there have been trends towards directors who are more qualified, hold fewer other board positions, and are more likely to be female and a foreign national. Unlike in the pre-SSM period, however, more recently the average age of directors has increased ...

This paper examines trends in the size and composition of the boards of significant institutions during the 2011-2018 period, comprising several years before and after the ECB started conducting fit and proper assessments in 2014. Throughout this period, there have been trends towards directors who are more qualified, hold fewer other board positions, and are more likely to be female and a foreign national. Unlike in the pre-SSM period, however, more recently the average age of directors has increased, bank boards have become larger, and the share of independent directors has risen. The appointment of additional independent directors in recent years is potentially harmful to financial stability, as especially independent directors could favour riskier bank strategies with a view to increasing shareholder value.

Autor extern

A.Bertay, H.Huizinga

Election of the European Ombudsman

10-12-2019

In December, the European Parliament is set to elect the European Ombudsman for the new parliamentary term following a public hearing of the candidates by the Committee on Petitions (PETI). Five candidates are running: Giuseppe Fortunato (Italy), Ombudsman of the Campania Region; Julia Laffranque (Estonia), judge at the European Court of Human Rights; Nils Muižnieks (Latvia), former Commissioner for Human Rights at the Council of Europe; Emily O'Reilly (Ireland), the incumbent Ombudsman (since 2014 ...

In December, the European Parliament is set to elect the European Ombudsman for the new parliamentary term following a public hearing of the candidates by the Committee on Petitions (PETI). Five candidates are running: Giuseppe Fortunato (Italy), Ombudsman of the Campania Region; Julia Laffranque (Estonia), judge at the European Court of Human Rights; Nils Muižnieks (Latvia), former Commissioner for Human Rights at the Council of Europe; Emily O'Reilly (Ireland), the incumbent Ombudsman (since 2014); and Cecilia Wikström (Sweden), former MEP and Chair of the PETI committee.

Evenimente viitoare

21-06-2021
Ensuring effective protection of European consumers in the digital economy
Audiere -
IMCO
22-06-2021
AFCO ICM on the Reform of European Electoral Law & Parliament's Right of Inquiry
Alt eveniment -
AFCO
22-06-2021
The development of new tax practices:what new schemes should the EU pay attention to?
Audiere -
FISC

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