Activites

• 2000/05/16 Final act published in Official Journal
  • Regulation 2000/1010
  • OJ L 115 16.05.2000, p. 0002
• #2258
• 2000/05/08 Council Meeting
• 2000/05/08 End of procedure in Parliament
• 2000/05/08 Act adopted by Council after consultation of Parliament
• 2000/03/17 Decision by Parliament, 1st reading/single reading
  • T5-0123/2000 summary

    In its report adopted without debate and drafted by Mr. Robert GOEBBELS (PES, Lux), the European Parliament approved the European Central Bank's recommendation to the Council concerning further calls of foreign reserve assets by the European Central Bank.�

• 2000/03/16 Debate in Parliament
  • Debate in Parliament
• 2000/02/23 Vote in committee, 1st reading/single reading
  • A5-0042/2000
• 1999/10/25 Committee referral announced in Parliament, 1st reading/single reading
• 1999/06/02 Legislative proposal published
  • BCE(1999)0001 summary

    PURPOSE : European Central Bank Recommendation for a Council Regulation concerning further calls of foreign reserve assets by the European Central Bank (ECB). CONTENT : The measure stipulates that : - The ECB may effect further calls of foreign reserve assets from national central banks beyond the limit set in Article 30.1 of the Statute of the European System of Central Banks and of the European Central Bank (the Statute). The calls may be up to an additional 50,000 million euros, in case of need for such foreign reserve assets. The draft regulation merely sets a ceiling on the amount of foreign reserve assets, rather than stipulating specific conditions. This is intended to enhance the independence of the ECB and the convenience to provide flexibility for different scenarios. The ceiling may be increased later, depending on the needs of the ECB. - The central bank of a Member State whose derogation has been abrogated, or which is treated on the same basis as such a bank, shall transfer to the ECB a sum of foreign reserve assets. The amount will be determined by multiplying the euro value at current exchange rates of the foreign reserve assets which have already been transferred to the ECB, by the ratio between the number of shares subscribed by the relevant central bank and the number of shares already paid up by the other national central banks.�

Documents

• Legislative proposal published: BCE(1999)0001
• Committee report tabled for plenary, 1st reading/single reading: A5-0042/2000
• Debate in Parliament: Debate in Parliament
• Decision by Parliament, 1st reading/single reading: T5-0123/2000
• : Regulation 2000/1010
• : OJ L 115 16.05.2000, p. 0002

History

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