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La ue estudia la ttf para financiar la supervisión.

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  • 1. BY HUW JONES LONDON Tue Jun 24, 2014 11:10am EDT 0 COMMENTS TweetTweet 21 Share this 0 Email Print Exclusive: EU to consider financial industry tax to fund watchdogs (Reuters) - The European Union's markets, banking and insurance watchdogs could be ShareShare 12 Egypt jails Al Jazeera journalists, U.S. calls sentences 'chilling' | 11 Honda and others recall nearly 3 million vehicles over air bag flaw 22 U.S. to face multibillion-dollar bill from climate change: report 33 Asian shares push ahead on hopeful signs for global growth 44 IRS accused of obstruction over lost emails in Tea Party affair 55 European Union flags are seen outside the European Commission headquarters in Brussels November 27, 2009. European Commission President Jose Manuel Barroso presented on Friday his new team of EU commissioners. CREDIT: REUTERS/YVES HERMAN HOME BUSINESS MARKETS WORLD POLITICS TECH OPINION BREAKINGVIEWS MONEY LIFE PICTURES VIDEO EDITION: U.S. Search News & QuotesSIGN IN REGISTER
  • 2. funded by a levy on the organisations they supervise, in an attempt by the bloc's executive body to save taxpayers' money. The European Commission has been reviewing the three watchdogs it launched in 2011 to make supervision of banks, markets and insurers more consistent across its 28 member countries after the 2007-09 financial crisis highlighted failings in the way regulations were enforced. The European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) currently receive 60 percent of their funding from national supervisors and 40 percent from the central EU budget. "Given EU and national budgetary constraints, the Commission considers that a revision of the existing funding model should therefore be envisaged, ideally abolishing EU and national contributions," a draft European Commission report seen by Reuters said. Staffing and budgets of the three watchdogs are modest compared with regulators in the larger member states, such as Britain's Financial Conduct Authority whose annual budget is 452 million pounds ($768.8 million). The EBA's budget for 2014 is only 33.6 million euros ($45.7 million). However, the welter of EU rules approved to tighten supervision after the financial crisis, such as for derivatives, and bank and insurance capital, means the watchdogs will be taking on more responsibilities and will need extra staff and money. The three watchdogs have about 150-200 staff each and rely heavily on national regulators to help with their workloads. The Association for Financial Markets in Europe (AFME), a top banking lobby, has called for ESMA in particular to have more resources . ESMA is the main regulator for credit rating agencies and trade repositories in the EU. The report did not give any indication of how much the tax on banks and insurers might be, but any levy would likely be applied in direct proportion to how much supervision an insitution requires. Euro zone banks will also have to foot the bill for the European Central Bank's new supervisory arm. Banks under its watch will each be asked to contribute up to 15 million euros annually to help cover costs that are set to hit 260 billion euros next year. PAY FOR PRIVILEGE Member states could welcome the shift to industry-funded watchdogs - a common system of financing supervision. However, Britain's Institute of Directors, a business lobby, said it was concerned with any attempt to offload supervision costs onto the industry, which is already paying a levy to UK regulators. "Abolishing both EU and national contributions would send a message that Brussels is willing to expand its oversight powers without being willing to pay for the privilege," the IOD said. The report also looks at how the powers of the three EU agencies could be extended. It said potential new areas include enforcing accounting rules, supervising the "shadow banking" sector, settlement houses, market benchmarks, and clearing houses, a step Britain is likely to oppose as it seeks to draw a line on more powers being centralised at the EU level. Minamiboso Whaling lessons in Japan Shimen county Heshan - a poisonous legacy
  • 3. (?) Top 10 Trading Mistakes with CFDs - Free 5 page guide Guardian Stockbrokers MT4 trading: Ultra-fast execution. Losses can exceed your deposits. IG Index Expert views on the global markets from RMG Wealth Management MarketViews Where is the clever money going? MarketViews How to invest in global equities MarketViews Sponsored Financial Content 24 personas recomiendan esto. Sé el primero de tus amigos.RecomendarRecomendar Tweet this Link this Share this Digg this Email Print Reprints The report, which is expected to be published in coming months and is subject to change, said the three watchdogs have performed well so far and have begun to develop their own profiles. They should, however, give consumer and investor protection a higher priority, the report said. Governance of the watchdogs could be improved further to make decision making faster in the interests of the EU as a whole, the report said, in a nod to British concerns to safeguard the bloc's single market. The report made no recommendations regarding the fourth EU body set up after the financial crisis, the European Systemic Risk Board (ESRB), which is chaired by the European Central Bank president Mario Draghi. It was set up to spot system-wide risks and has been criticised for failing to forge a clear role in the public eye. (Additional reporting by John O'Donnell in Frankfurt; Editing by Erica Billingham) Facebook Twitter RSS YouTube Follow Reuters Top 10 Trading Mistakes with CFDs - Free 5 page guide (Guardian Stockbrokers) MT4 trading: Ultra-fast execution. Losses can exceed your deposits. (IG Index) Increase your knowledge of CFD trading (Guardian Stockbrokers) How to invest in global equities (MarketViews) Expert views on the global markets from RMG Wealth Management (MarketViews) FINANCIAL COMMENTARIES AND GUIDES Content from sponsors More From Reuters Fire chief, family of five killed in Montana fire engine crash | 20 Jun Study says Earth on brink of mass extinction event | 18 Jun Missouri gun owner wins apology from police in dispute over video | 18 Jun Saudis give apparent warning to Iran: don't meddle in Iraq | 18 Jun Charges dismissed against Tennessee student choked while handcuffed | 18 Jun More From Reuters North Korea army mobilized as rivers run dry in worst drought in years | 23 Jun Massachusetts high court says accused criminal must decrypt computers f… | 25 Jun Soviet industrial giant's struggle symbolizes Russia's economic dilemma | 25 Jun U.S. House votes to loosen derivatives' regulations with CFTC bill | 24 Jun Advertisement How Older Men Can Relieve Embarrassing Prostate Issues How to Get Freakishly Long Eyelashes in 7 Days Hit Up to 300 yards Using This Swing The Ultimate App to Manage Your Digital Music ? Advertisement ?
  • 4. Add your comment Post to Facebook We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Cash stash may reflect fear of wealth going out of fashion | 25 Jun From The Web by TaboolaSponsored Content Warren Buffett Tells You How to Turn $40 Into … The Motley Fool 3 Strategies to Avoid Exposure of Older Sy… Ricoh Street Style: Building A Timeless Wardrobe The Line Just Like In The Movies: Microsoft To Develop … IndiaToday Is There A Natural Way To Get Rid Of Herpes? Lifegooroo 10 Most Dangerous Cities in the World Amerikanki Understanding Exposure: How to do … CFO Magazine 7 Exercises That Will Transform Your Body … Womanitely From The Web by TaboolaSponsored Content Warren Buffett Tells You How to Turn $40 Into … The Motley Fool 3 Strategies to Avoid Exposure of Older Sy… Ricoh 60 Seconds To Cure Your Panic Attacks LifeGooroo 7 Exercises That Will Transform Your Body … Womanitely Ranking of the 10 biggest banks in 2014 TopTipsNews Weak US GDP – reasons to be positive Financial Times Top 10 Wealthiest People Under the Age… American Live Wire The Most Outrageous, Perfectly Timed Photo… Amazingly Timed Photos How Older Men Can How to Get Freakishly Advertisement How Older Men Can Relieve Embarrassing Prostate Issues How to Get Freakishly Long Eyelashes in 7 Days Hit Up to 300 yards Using This Swing The Ultimate App to Manage Your Digital Music ? Advertisement How Older Men Can Relieve Embarrassing Prostate Issues How to Get Freakishly Long Eyelashes in 7 Days Hit Up to 300 yards Using This Swing The Ultimate App to Manage Your Digital Music ? Advertisement How Older Men Can Relieve Embarrassing Prostate Issues How to Get Freakishly Long Eyelashes in 7 Days Hit Up to 300 yards Using This Swing The Ultimate App to Manage Your Digital Music ?
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