2003/2081(INI) | [ParlTrack]

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General Activities Documents History

2003/2081(INI) Role and methods of rating agencies

Role	Committee	Rapporteur	Shadows
Lead	ECON	KATIFORIS Giorgos (PSE)

Lead committee dossier: ECON/5/19611
Legal Basis RoP 052

Subjects

8.40.03 European Commission

Links

Activites

2004/02/10 Decision by Parliament, 1st reading/single reading
- T5-0080/2004 summary
  
  The European Parliament adopted a resolution based on the own-initiative report drafted by Giorgos KATIFORIS (PES, GR) stating that it recognises the contribution made by the rating agencies in lowering of the cost of capital, insofar as they reduce information asymmetries among market participants and enhance a feeling of greater certainty about debt performance. (Please see the document dated 27/01/04.) Parliament called on the Commission to undertake all necessary steps, including in particular a cost-benefit analysis of the effects on European capital markets, to assess the establishment of a competent European Registration Scheme under the auspices of the Committee of European Securities Regulators (CESR) for the registration of rating agencies in Europe. This should be conducted on the basis of well-specified, publicly advertised criteria involving credibility with market participants, objectivity, independence, expertise of staff, adequate funding, the existence of proper procedures for identifying and dealing with conflicts of interest and transparency of operations. In upholding the freedom for agencies to express their opinions, Parliament recognized that the line between the regulation of process and the regulation of content and opinion might prove hard to draw. This is an important consideration to take into account in reaching any regulatory solution. In addition, Parliament noted that the debt of sovereign governments is rated, and that administrative requirements of regulatory agencies may be used to exert indirect pressure for higher ratings of government debt.�
2004/02/09 Debate in Parliament
- Debate in Parliament
2004/01/27 Vote in committee, 1st reading/single reading
- A5-0040/2004
2003/06/05 Committee referral announced in Parliament, 1st reading/single reading

Documents

Committee report tabled for plenary, single reading: A5-0040/2004
Debate in Parliament: Debate in Parliament
Decision by Parliament, 1st reading/single reading: T5-0080/2004

History

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

2019-07-06Show (11) Changes | Timetravel

activities	date: 2003-06-05T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 2003-04-09T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PSE name: KATIFORIS Giorgos body: EP committees: body: EP responsible: True committee: ECON date: 2003-04-09T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PSE name: KATIFORIS Giorgos docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2004-40&language=EN type: Committee report tabled for plenary, single reading title: A5-0040/2004 date: 2004-01-27T00:00:00 type: Vote in committee, 1st reading/single reading date: 2004-02-09T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20040209&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 2004-02-10T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2004-80 type: Decision by Parliament, 1st reading/single reading title: T5-0080/2004 body: EP type: Decision by Parliament, 1st reading/single reading
committees/0	type Responsible Committee body EP associated False committee_full Economic and Monetary Affairs committee ECON date 2003-04-09T00:00:00 rapporteur name: KATIFORIS Giorgos group: Party of European Socialists abbr: PES
committees/0	body EP responsible True committee ECON date 2003-04-09T00:00:00 committee_full Economic and Monetary Affairs rapporteur group: PSE name: KATIFORIS Giorgos
docs	date: 2004-01-27T00:00:00 docs: title: PE333.078 type: Committee draft report body: EP date: 2004-01-27T00:00:00 docs: title: PE333.078/AM type: Amendments tabled in committee body: EP date: 2004-01-27T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2004-40&language=EN title: A5-0040/2004 type: Committee report tabled for plenary, single reading body: EP date: 2004-02-10T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2004-80 title: T5-0080/2004 title: OJ C 097 22.04.2004, p. 0034-0117 E summary: type: Text adopted by Parliament, single reading body: EP
events	date: 2003-06-05T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP date: 2004-01-27T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary: date: 2004-01-27T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2004-40&language=EN title: A5-0040/2004 date: 2004-02-09T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20040209&type=CRE title: Debate in Parliament date: 2004-02-10T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2004-80 title: T5-0080/2004 summary: date: 2004-02-10T00:00:00 type: End of procedure in Parliament body: EP
links
other
procedure/dossier_of_the_committee	Old ECON/5/19611 New ECON/5/19611
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 8.40.03 European Commission New 8.40.03 European Commission

2014-11-10Show (5) Changes

activities	date: 2003-06-05T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 2003-04-09T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PSE name: KATIFORIS Giorgos body: EP committees: body: EP responsible: True committee: ECON date: 2003-04-09T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PSE name: KATIFORIS Giorgos docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2004-40&language=EN type: Committee report tabled for plenary, single reading title: A5-0040/2004 date: 2004-01-27T00:00:00 type: Vote in committee, 1st reading/single reading date: 2004-02-09T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20040209&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 2004-02-10T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2004-80 type: Decision by Parliament, 1st reading/single reading title: T5-0080/2004 body: EP type: Decision by Parliament, 1st reading/single reading
committees	body: EP responsible: True committee: ECON date: 2003-04-09T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PSE name: KATIFORIS Giorgos
links
other
procedure	dossier_of_the_committee ECON/5/19611 reference 2003/2081(INI) title Role and methods of rating agencies legal_basis Rules of Procedure of the European Parliament EP 052 stage_reached Procedure completed subtype Initiative type INI - Own-initiative procedure subject 8.40.03 European Commission

Activites

Documents

History

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