European Parliament 2014-2019 Committee on Economic and Monetary Affairs ECON_PV(2018)0124_1 MINUTES Meeting of Wednesday 24 January 2018, 9.00 – 12.30 and 14.30 – 18.30 Thursday 25 January 2018, 9.00 – 12.30 BRUSSELS The meeting opened at 9:18 with Roberto Gualtieri, Chairman, presiding. 1. Adoption of agenda Decision: The draft agenda was adopted in the form shown in these minutes. 2. Economic dialogue and exchange of views with Toomas Tõniste, Minister for Finance of Estonia and former ECOFIN President. ECON/8/10256 Speakers: Roberto Gualtieri, Luděk Niedermayer, Toomas Tõniste, Burkhard Balz, Pervenche Berès, Pirkko Ruohonen-Lerner, Ramon Tremosa i Balcells, Dimitrios Papadimoulis, Sven Giegold, Barbara Kappel, Jonás Fernández, Paul Tang, Costas Mavrides. 3. Chair’s announcements The Chair made an announcement on the following: EU-US insurance and reinsurance agreement: As no amendments were tabled, the draft Recommendation would be put directly to the vote. Summary of recommendations and decisions of the Coordinators’ meeting of 14 December 2017 1. Nominations: 1. Harmonising and simplifying certain rules in the value added tax system and introducing the definitive system for the taxation of trade between Member States POSTPONED 2. Certified taxable person POSTPONED PV\1146908EN.docx PE618.303v01-00 EN United in diversity EN 3. Agreement between the European Union and the Kingdom of Norway on administrative cooperation, combating fraud and recovery of claims in the field of Value Added Tax POSTPONED 4. Amended proposal for a Council Regulation amending Regulation (EU) No 904/2010 as regards measures to strengthen administrative cooperation in the field of value added tax POSTPONED 5. Location of the seat of the European Banking Authority EPP/S&D, co-rapporteurship. 6. “IDD quick fix” EPP 2. 2018 calendars of working groups: 1. Financial Assistance Working Group: A mission to Athens should take place before the summer recess 2018. Post programme countries should also be assessed (IRL, PT, CY), and the issue will be discussed at a future meeting. 2. Competition Working Group: The work programme was approved. 3. IFRS Permanent Team: Whilst the calendar was approved in principle (4 meetings a year), the Secretariat should identify suitable dates for the first three meetings (possibly on ECON Committee days). 3. Delegations and visits in the first half of 2018: The composition of the mission and visits were approved: France: 4 EPP, 3 S&D (inc. Chair), 1 ECR, 1 ALDE Basel (visit): 16 MEPs: 6 EPP, 5 S&D, 1 ECR, 1 ALDE, 1 GUE, 1 GREENS, 1 ENF ECB (visit): 12 MEPs: 4 EPP, 4 S&D, 1 ECR, 1 ALDE, 1 GUE, 1 GREENS 4. Hearing with the incoming Eurogroup President and Eurogroup Working Group President: The Secretariat should identify dates for a meeting with incoming Eurogroup President Centeno to take place once he is in office, and with the new Eurogroup Working Group (EWG) President once he/she is in office. 5. Appointment of a representative of the European Parliament to the European Statistical Advisory Committee (ESAC): Coordinators were invited to send their suggestions for a candidate, who should have experience in the area of statistics, to the Secretariat by 10 January 2018. A vote on the nomination of the EP representative is foreseen in ECON (24/25 January 2018). 6. Economic governance: The programme of the ECON sessions organised within the framework of the European Parliamentary Week was approved. Coordinators agreed on first follow-up to the Commission’s package on EMU. The discussion on the follow-up will be continued at the next meeting. PE618.303v01-00 2/20 PV\1146908EN.docx EN 7. Scrutiny of delegated acts and other implementing measures: Coordinators were invited to suggest topics for the February 2018 scrutiny slot through a written procedure. 8. Sustainable Finance: It was agreed to hold a Public Hearing and separately an Open Coordinators’ meeting with the Chair of the Commission’s High Level Group on Sustainable Finance. 9. Brexit: Coordinators discussed and agreed on further aspects of their working method. 10. Motions for Resolution: Coordinators decided not to give a follow-up to the motion for resolution B8- 0598/2017. 11. European Court of Auditors (ECA): Coordinators were invited to submit to the Secretariat by 11 January 2018 any suggestions for priority areas in the ECA Work Programme 2019. 4. Report on ongoing interinstitutional negotiations None Directive (EU) 2016/97 (IDD) 5. Date of application of Member States' transposition measures ECON/8/11913 ***I 2017/0350(COD) COM(2017)0792 – C8-0449/2017 Rapporteur: Werner Langen (PPE) Responsible: ECON Opinions: IMCO, JURI Exchange of views and decision on procedure (Rule 50) Speakers: Roberto Gualtieri, Werner Langen, Commission.representative. 6. Economic dialogue and exchange of views with Vladislav Goranov , ECOFIN President and Minister of Finance of Bulgaria ECON/8/11905 Speakers: Roberto Gualtieri, Vladislav Goranov, Burkhard Balz, Alfred Sant, Kay Swinburne, Wolf Klinz, Dimitrios Papadimoulis, Ernest Urtasun, David Coburn, Barbara Kappel, Dariusz Rosati, Jonás Fernández, Paul Tang, Luděk Niedermayer, Luigi Morgano. The meeting resumed at 14:38 with Pervenche Berès, Senior Member, presiding. 7. Reform of the European Union’s system of own resources ECON/8/09718 2017/2053(INI) PV\1146908EN.docx 3/20 PE618.303v01-00 EN Rapporteur Luigi Morgano (S&D) PA – PE612.384v01-00 for the AM – PE615.397v02-00 opinion: Responsible: BUDG – Gérard Deprez (ALDE) PR – PE616.543v01-00 Janusz Lewandowski (PPE) DT – PE607.844v01-00 Opinions: INTA, CONT, ECON, EMPL, ENVI, AGRI, AFCO Consideration of amendments Deadline for tabling amendments:7 December 2017, 12.00 Speakers: Luigi Morgano, Ivana Maletić, Bernd Lucke, Wolf Klinz. 8. Regulation amending Regulations establishing European Supervisory Authorities and Regulations on financial markets: (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010, (EU) No 345/2013, (EU) No 346/2013, (EU) No 600/2014, (EU) 2015/760, (EU) 2016/1011 and (EU) 2017/1129 ECON/8/11084 ***I 2017/0230(COD) COM(2017)0536 – C8-0319/2017 Co- Burkhard Balz (PPE) DT – PE616.735v01-00 rapporteurs: Pervenche Berès (S&D) Responsible: ECON Opinions: BUDG, ITRE, IMCO, JURI First exchange of views Speakers: Burkhard Balz, Pervenche Berès, Kay Swinburne, Wolf Klinz, Sven Giegold, Danuta Maria Hübner, Brian Hayes. 9. Markets in financial instruments and taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) ECON/8/11078 ***I 2017/0231(COD) COM(2017)0537 – C8-0318/2017 Co- Burkhard Balz (PPE) rapporteurs: Pervenche Berès (S&D) Responsible: ECON Opinions: DEVE, ITRE, JURI First exchange of views Speakers: Burkhard Balz, Pervenche Berès, Kay Swinburne, Wolf Klinz, Sven Giegold, Danuta Maria Hübner, Brian Hayes. 10. European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board ECON/8/11090 ***I 2017/0232(COD) COM(2017)0538 – C8-0317/2017 Co- Burkhard Balz (PPE) rapporteurs: Pervenche Berès (S&D) Responsible: ECON Opinions: JURI, AFCO PE618.303v01-00 4/20 PV\1146908EN.docx EN First exchange of views Speakers: Burkhard Balz, Pervenche Berès, Kay Swinburne, Wolf Klinz, Sven Giegold, Danuta Maria Hübner, Brian Hayes. 11. Location of the seat of the European Banking Authority ECON/8/11693 ***I 2017/0326(COD) COM(2017)0734 – C8-0420/2017 Co- Burkhard Balz (PPE) rapporteurs: Pervenche Berès (S&D) Responsible: ECON Opinions: BUDG, JURI, AFCO First exchange of views Speakers: Burkhard Balz, Pervenche Berès, Kay Swinburne, Wolf Klinz, Sven Giegold, Danuta Maria Hübner, Brian Hayes. The meeting continued with Roberto Gualtieri, Chairman, presiding. 12. Framework for the recovery and resolution of central counterparties ECON/8/08609 ***I 2016/0365(COD) COM(2016)0856 – C8-0484/2016 Co- Jakob von Weizsäcker (S&D) PR – PE610.797v01-00 rapporteurs: Kay Swinburne (ECR) Responsible: ECON Opinions: ITRE, JURI Adoption of draft report Decision: The draft report was adopted.: 49 votes to 3, with 6 abstentions Vote on the decision to enter into interinstitutional negotiations Decision: Adopted.: 50 votes to 3, with 5 abstentions 13. Harmonisation of gross national income at market prices (GNI Regulation) ECON/8/10276 ***I 2017/0134(COD) COM(2017)0329 – C8-0192/2017 Rapporteur: Roberto Gualtieri (S&D) PR – PE612.210v02-00 Responsible: ECON Opinions: BUDG Adoption of draft report Decision: The draft report was adopted.: 53 votes to 4, with 0 abstentions Vote on the decision to enter into interinstitutional negotiations Decision: Adopted.: 52 votes to 4, with 1 abstentions 14. Commission Delegated Regulation amending Delegated Regulation (EU) PV\1146908EN.docx 5/20 PE618.303v01-00 EN 2017/2358 and Delegated Regulation (EU) 2017/2359 as regards their dates of application ECON/8/11892 2017/3032(DEA) C(2017)08681 RE – PE616.598v01-00 Responsible: ECON Adoption of a Recommendation for "early non-objection" Decision: Resolution adopted: 51 votes to 1, with 6 abstentions 15. Commission Regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards amendments to International Financial Reporting Standard 9 ECON/8/11841 2017/3018(RPS) D054380/02 RE – PE616.585v01-00 Responsible: ECON* Opinions: JURI* Adoption of a Recommendation for "early non-objection" Decision: Resolution adopted: 50 votes to 4, with 4 abstentions 16. Mandatory automatic exchange of