BETA


1994/2207(INI) Financial derivatives: their present role on capital markets, their advantages and risks

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON KATIFORIS Giorgos (icon: PES PES)
Lead committee dossier:
Legal Basis:
RoP 052

Events

1995/10/18
   EP - Committee draft report
Documents
1995/10/16
   Final act published in Official Journal
1995/09/22
   EP - Text adopted by Parliament, single reading
1995/09/22
   EP - Decision by Parliament, 1st reading/single reading
Documents
1995/09/22
   EP - End of procedure in Parliament
1995/09/20
   EP - Debate in Parliament
Details

Commissioner MONTI noted that the KATIFORIS report on financial derivatives demonstrated a considerable degree of ‘expertise’ on this matter. As regards the harmonisation of the rules on accounting and information, the Commission was in the process of determining whether or not it was appropriate to legislate in this area in light of the different Anglo-American and European accounting cultures, which were not entirely compatible. Similarly, the objective of ensuring that operators were highly knowledgeable should be linked to the requirement for subsidiarity, which was fundamental in the area of training. In relation to strengthening netting agreements, Mr MONTI referred to the Council’s recent common position on the proposal for a directive on netting agreements and guarantees. Finally, the Commissioner stated that he could take over Amendments Nos 1 to 11 and 16; however, he rejected Amendments Nos 12, 13, 14, 15 and 17.

1995/09/07
   EP - Committee report tabled for plenary, single reading
1995/09/07
   EP - Vote in committee, 1st reading/single reading
1995/09/07
   EP - Committee report tabled for plenary, single reading
Documents
1995/08/22
   EP - Amendments tabled in committee
Documents
1995/08/02
   EP - Amendments tabled in committee
Documents
1995/07/26
   EP - Committee draft report
Documents
1995/06/08
   EP - Committee draft report
Documents
1994/12/12
   EP - Committee referral announced in Parliament, 1st reading/single reading
1994/11/30
   EP - Responsible Committee

Documents

  • Committee draft report: PE213.357/BRE
  • Text adopted by Parliament, single reading: OJ C 269 16.10.1995, p. 0194-0217
  • Text adopted by Parliament, single reading: T4-0432/1995
  • Decision by Parliament, 1st reading/single reading: T4-0432/1995
  • Debate in Parliament: Debate in Parliament
  • Committee report tabled for plenary, single reading: OJ C 269 16.10.1995, p. 0024
  • Committee report tabled for plenary, single reading: A4-0207/1995
  • Committee report tabled for plenary, single reading: A4-0207/1995
  • Amendments tabled in committee: PE213.357/ARA
  • Amendments tabled in committee: PE213.357/AM
  • Committee draft report: PE213.357/ARE
  • Committee draft report: PE213.357
  • Committee draft report: PE213.357
  • Committee draft report: PE213.357/ARE
  • Amendments tabled in committee: PE213.357/AM
  • Amendments tabled in committee: PE213.357/ARA
  • Committee report tabled for plenary, single reading: OJ C 269 16.10.1995, p. 0024 A4-0207/1995
  • Text adopted by Parliament, single reading: OJ C 269 16.10.1995, p. 0194-0217 T4-0432/1995
  • Committee draft report: PE213.357/BRE

History

(these mark the time of scraping, not the official date of the change)

committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Economic and Monetary Affairs, Industrial Policy
committee
ECON
rapporteur
name: KATIFORIS Giorgos date: 1994-11-30T00:00:00 group: Party of European Socialists abbr: PES
committees/0
type
Responsible Committee
body
EP
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False
committee_full
Economic and Monetary Affairs, Industrial Policy
committee
ECON
date
1994-11-30T00:00:00
rapporteur
name: KATIFORIS Giorgos group: Party of European Socialists abbr: PES
activities
  • date: 1994-12-12T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 1994-11-30T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos
  • body: EP committees: body: EP responsible: True committee: ECON date: 1994-11-30T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos docs: type: Committee report tabled for plenary, single reading title: A4-0207/1995 date: 1995-09-07T00:00:00 type: Vote in committee, 1st reading/single reading
  • date: 1995-09-20T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950920&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
  • date: 1995-09-22T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0432/1995 body: EP type: Decision by Parliament, 1st reading/single reading
  • date: 1995-10-16T00:00:00 type: Final act published in Official Journal
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Economic and Monetary Affairs, Industrial Policy
committee
ECON
date
1994-11-30T00:00:00
rapporteur
name: KATIFORIS Giorgos group: Party of European Socialists abbr: PES
committees/0
body
EP
responsible
True
committee
ECON
date
1994-11-30T00:00:00
committee_full
Economic and Monetary Affairs, Industrial Policy
rapporteur
group: PSE name: KATIFORIS Giorgos
docs
  • date: 1995-06-08T00:00:00 docs: title: PE213.357 type: Committee draft report body: EP
  • date: 1995-07-26T00:00:00 docs: title: PE213.357/ARE type: Committee draft report body: EP
  • date: 1995-08-02T00:00:00 docs: title: PE213.357/AM type: Amendments tabled in committee body: EP
  • date: 1995-08-22T00:00:00 docs: title: PE213.357/ARA type: Amendments tabled in committee body: EP
  • date: 1995-09-07T00:00:00 docs: url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1995:269:SOM:EN:HTML title: OJ C 269 16.10.1995, p. 0024 title: A4-0207/1995 type: Committee report tabled for plenary, single reading body: EP
  • date: 1995-09-22T00:00:00 docs: url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1995:269:TOC title: OJ C 269 16.10.1995, p. 0194-0217 title: T4-0432/1995 summary: type: Text adopted by Parliament, single reading body: EP
  • date: 1995-10-18T00:00:00 docs: title: PE213.357/BRE type: Committee draft report body: EP
events
  • date: 1994-12-12T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 1995-09-07T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary:
  • date: 1995-09-07T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: title: A4-0207/1995
  • date: 1995-09-20T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950920&type=CRE title: Debate in Parliament summary: Commissioner MONTI noted that the KATIFORIS report on financial derivatives demonstrated a considerable degree of ‘expertise’ on this matter. As regards the harmonisation of the rules on accounting and information, the Commission was in the process of determining whether or not it was appropriate to legislate in this area in light of the different Anglo-American and European accounting cultures, which were not entirely compatible. Similarly, the objective of ensuring that operators were highly knowledgeable should be linked to the requirement for subsidiarity, which was fundamental in the area of training. In relation to strengthening netting agreements, Mr MONTI referred to the Council’s recent common position on the proposal for a directive on netting agreements and guarantees. Finally, the Commissioner stated that he could take over Amendments Nos 1 to 11 and 16; however, he rejected Amendments Nos 12, 13, 14, 15 and 17.
  • date: 1995-09-22T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: title: T4-0432/1995 summary:
  • date: 1995-09-22T00:00:00 type: End of procedure in Parliament body: EP
  • date: 1995-10-16T00:00:00 type: Final act published in Official Journal
links
other
    procedure/dossier_of_the_committee
    Old
    ECON/4/06247
    New
    • ECON/4/06247
    procedure/legal_basis/0
    Rules of Procedure EP 052
    procedure/legal_basis/0
    Rules of Procedure of the European Parliament EP 052
    procedure/subject
    Old
    • 2.50.03 Securities and financial markets, stock exchange, CIUTS, investments
    New
    2.50.03
    Securities and financial markets, stock exchange, CIUTS, investments
    activities
    • date: 1994-12-12T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 1994-11-30T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos
    • body: EP committees: body: EP responsible: True committee: ECON date: 1994-11-30T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos docs: type: Committee report tabled for plenary, single reading title: A4-0207/1995 date: 1995-09-07T00:00:00 type: Vote in committee, 1st reading/single reading
    • date: 1995-09-20T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950920&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
    • date: 1995-09-22T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0432/1995 body: EP type: Decision by Parliament, 1st reading/single reading
    • date: 1995-10-16T00:00:00 type: Final act published in Official Journal
    committees
    • body: EP responsible: True committee: ECON date: 1994-11-30T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PSE name: KATIFORIS Giorgos
    links
    other
      procedure
      dossier_of_the_committee
      ECON/4/06247
      reference
      1994/2207(INI)
      title
      Financial derivatives: their present role on capital markets, their advantages and risks
      legal_basis
      Rules of Procedure of the European Parliament EP 052
      stage_reached
      Procedure completed
      subtype
      Initiative
      type
      INI - Own-initiative procedure
      subject
      2.50.03 Securities and financial markets, stock exchange, CIUTS, investments