Opinion of the European Economic and Social Committee on ‘Amended Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 establishing a European Supervisory Authority (European Banking Authority); Regulation (EU) No 1094/2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority); Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority); Regulation (EU) No 345/2013 on European venture capital funds; Regulation (EU) No 346/2013 on European social entrepreneurship funds; Regulation (EU) No 600/2014 on markets in financial instruments; Regulation (EU) 2015/760 on European long-term investment funds; Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds; Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market; and (EU) Directive 2015/849/EC on the prevention of the use of the financial system for the purposes of money-laundering or terrorist financing’ (COM(2018) 646 final — 2017/0230 (COD))

Opinion // 12/12/2018 // 2 min read
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22.3.2019

EN

Official Journal of the European Union

C 110/58

Opinion of the European Economic and Social Committee on ‘Amended Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 establishing a European Supervisory Authority (European Banking Authority); Regulation (EU) No 1094/2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority); Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority); Regulation (EU) No 345/2013 on European venture capital funds; Regulation (EU) No 346/2013 on European social entrepreneurship funds; Regulation (EU) No 600/2014 on markets in financial instruments; Regulation (EU) 2015/760 on European long-term investment funds; Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds; Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market; and (EU) Directive 2015/849/EC on the prevention of the use of the financial system for the purposes of money-laundering or terrorist financing’

(COM(2018) 646 final — 2017/0230 (COD))

(2019/C 110/11)

Rapporteur-general:

Petr ZAHRADNÍK

Referral

European Parliament, 4.10.2018

Council of the European Union, 12.11.2018

Legal basis

Article 114 of the Treaty on the Functioning of the European Union

Section responsible

Section for Economic and Monetary Union and Economic and Social Cohesion

Adopted at plenary

12.12.2018

Plenary session No

539

Outcome of vote

(for/against/abstentions)

121/0/4

1. Conclusions and recommendations

1.9. 2. General context of the proposal and key facts

2.5. —

optimise the use of expertise and resources by centralising tasks at the European Banking Authority (EBA) related to preventing and combating money-laundering and the financing of terrorism for the whole financial market;

clarify the scope and substance of anti-money-laundering tasks entrusted to the European Banking Authority;

reinforce the tools for carrying out anti-money laundering tasks;

strengthen the coordination role of the European Banking Authority when it comes to international anti-money laundering issues.

3. General comments

3.9. 4. Specific comments

4.4. Brussels, 12 December 2018.

The President of the European Economic and Social Committee

Luca JAHIER

(1) The original legislative proposal COM (2017) 536 final, 20.9.2017. Its aim was to boost the capacity of the European Supervisory Authorities to ensure convergence and effective supervision of the financial market, but did not specifically address strengthening their remit in combating money laundering and the financing of terrorism.

(2) OJ C 227, 28.6.2018, p. 63.