at the same time, is also Chair of the Eurogroup contradicts the principle of the separation of powers. (2) A unified “representation” of the eurozone countries by the EU Finance Minister in the IMF [...] with the EIB (p. 5) and - coordinate the activities of the Commission in the context of the Investment Plan for Europe and - in his capacity as Chair of the EMF Board of Governors, - oversee the EMF [...] - mediate between the common interests of the EU and the interests of the individual EMF members (p. 7). ► Dialogue with the parliaments – The Commission is responsible to the EU Parliament (EP) (Art
Dateityp: application/pdf
to the EBA containing the objectives and priorities for their supervisory activities in the following year. Where the EBA takes the view that a work programme does not meet the priorities of the strategic [...] 2 – The EBA will establish a review committee, exclusively composed of staff from the EBA - i.e. not from the NSAs or the ECB - to review “some or all” of the activities of the NSAs and the ECB. Until [...] required. New is the fact that the degree of independence of the authorities will be explicitly included in the review. (Art. 30 (1) and (2) (a)) – The EBA publishes all review results. The agreement
Dateityp: application/pdf
their rules of procedure to the standard rules. 2. The principles and conditions on public access to documents and the rules on data protection applicable to the Commission shall apply to the committees [...] and in the cases provided for in Articles 24 and 26 of the Treaty on European Union, on the Council. (2) It is for the legislator, fully respecting the criteria laid down in the Treaty on the Functioning [...] proportionate to the nature of the implementing acts and that they reflect the institutional requirements of the TFEU as well as the experience gained and the common practice followed in the implementation
Dateityp: application/pdf
their rules of procedure to the standard rules. 2. The principles and conditions on public access to documents and the rules on data protection applicable to the Commission shall apply to the committees [...] and in the cases provided for in Articles 24 and 26 of the Treaty on European Union, on the Council. (2) It is for the legislator, fully respecting the criteria laid down in the Treaty on the Functioning [...] proportionate to the nature of the implementing acts and that they reflect the institutional requirements of the TFEU as well as the experience gained and the common practice followed in the implementation
Dateityp: application/pdf
their rules of procedure to the standard rules. 2. The principles and conditions on public access to documents and the rules on data protection applicable to the Commission shall apply to the committees [...] and in the cases provided for in Articles 24 and 26 of the Treaty on European Union, on the Council. (2) It is for the legislator, fully respecting the criteria laid down in the Treaty on the Functioning [...] proportionate to the nature of the implementing acts and that they reflect the institutional requirements of the TFEU as well as the experience gained and the common practice followed in the implementation
Dateityp: application/pdf
review the proposal and vote on it. If at least 55 % of the members of the Council or a simple majority of the European Parliament agree with the complaints filed by the national parliaments, the proposal [...] Both treaties – the new TEU and the amended TEC – were agreed in what is known as the Maastricht Treaty3 which came into force on 1 November 1993. At the heart of the Treaty was the desire to intensify [...] into the TFEU37 as the successor to the TEC but moved to the TEU. In addition to this formal modification, a further change was made: The Protocol on the Application of the Principles of Subsidiarity
Dateityp: application/pdf
creditors. Pros: – Cons: (1) The EU has no competency for the adoption of a regulation. The rules relating to fees and the absolute prohibition of non-audit services infringe the right to entrepreneurial [...] if a “majority” of the administrative or management body (to date: 75%) is composed of auditors (Art. 1 No. 3 lit. b of the Directive). The precondition that a majority of an audit firm’s voting rights [...] does not per se depend on the auditor’s turnover or the size of the client. Besides, the prohibition discriminates the audit firms affected for no real reason. It also reduces the incentives for other entities
Dateityp: application/pdf
Chairperson, the heads of the NCAs, a representative each of the Commission, the ECB, the ESRB and the two other ESAs. Only the heads of the NCAs are voting. 74 In its Conclusions on the ESFS Review of [...] g body The ESAs’ decision-making body is the respective Board of Supervisors.75 It is composed of the Chairperson, the heads of the NCAs, one representative of the Commission, the ECB, the ESRB and [...] Supervisors. The fact that all voting members of the Boards of Supervisors who must act “objectively in the sole interest of the Unions as a whole”85 are at the same time the heads of the NCAs86 can lead
Dateityp: application/pdf
Existing rules 2.1.2 New rules agreed upon by the Eurogroup 2.2 Conditionality 2.2.1 Existing rules 2.2.2 New rules agreed upon by the Eurogroup 2.3 Monitoring 2.3.1 Existing rules 2.3.2 New rules [...] States 3.1 Existing rules 3.2 New rules agreed upon by the Eurogroup 3.3 Assessment 4 ESM as "common backstop" for the banking union 4.1 Current rules 4.2 New rules agreed upon by the Eurogroup 4.3 [...] of difficulties14. The Commission shall examine the need for further action on a quarterly basis. 2.3.2 New rules agreed upon by the Eurogroup The EU Commission and the ESM (the exact division of
Dateityp: application/pdf
by the Draft Constitutional Treaty are significant: The first one involves the Common Foreign and Security Policy, the second one, changes for the bodies of the EU. The third area involves the barriers [...] According to the current legal situation provided by the EU Treaty, some of the Member States can establish “enhanced cooperation” – within the structures of the EU – if a qualified majority of the Member [...] change the basic problem: It does not compensate for the inadequate circumstances in the European Parliament. It is the composition of the parliament, representing the people, and not that of the Council
Dateityp: application/pdf