BETA


2008/2698(RSP) Resolution on the draft Commission directive amending certain annexes to Directive 2006/48/EC of the European Parliament and of the Council as regards technical provisions concerning risk management

Progress: Procedure completed

Legal Basis:
RoP 112-p2

Events

2009/04/22
   EC - Commission response to text adopted in plenary
Documents
2008/12/16
   EP - Results of vote in Parliament
2008/12/16
   EP - Decision by Parliament
Details

The European Parliament adopted, by 627 votes to 10 with 16 abstentions, a resolution tabled by the Committee on Economic and Monetary Affairs on the draft Commission directive amending certain annexes to Directive 2006/48/EC of the European Parliament and of the Council as regards technical provisions concerning risk management. Parliament notes that this includes provision concerning disclosure by External Credit Assessment Institutions (ECAIs). It recalls the Commission proposal of 1 October 2008 for a Directive amending Directives 2006/48/EC and 2006/49/EC as regards banks affiliated to central institutions, certain own funds items, large exposures, supervisory arrangements, and crisis management (proposal for a review of the CRD), as well as the proposal of 12 November 2008 for a Regulation on Credit Rating Agencies.

Parliament states that disclosure and transparency obligations on ECAIs and Credit Rating Agencies should be dealt with coherently and consistently. The disclosure obligations relating to ECAIs proposed by the Commission go beyond a technical adjustment and therefore require appropriate consideration by Parliament and should be dealt with in accordance with the codecision procedure. Such coherence and consistency and Parliament's appropriate consideration require that the provision concerning disclosure obligations relating to ECAIs be dealt with, in accordance with the codecision procedure, in the framework of either the proposal for a review of the CRD or the proposal for a CRA Regulation. Parliament does, however, support the remaining technical amendments.

Accordingly, Members state that they oppose adoption of the draft Commission directive amending certain annexes to Directive 2006/48/EC as regards technical provisions concerning risk management, and they consider that the draft Commission directive exceeds the implementing powers provided for in Directive 2006/48/EC. They call on the Commission to withdraw the draft measure and submit a new one to the committee. A text for the modification to the draft directive is proposed in the resolution.

Documents
2008/12/16
   EP - End of procedure in Parliament
2008/12/08
   EP - Motion for a resolution
Documents

Documents

Votes

B6-0623/2008 - Gestion des risques - résolution #

2008/12/16 Outcome: +: 627, 0: 16, -: 10
DE FR GB IT ES PL NL EL RO PT HU BE AT FI BG LT SK IE CZ DK SE LV SI CY EE LU MT
Total
83
67
70
57
46
46
23
22
21
20
19
17
15
14
13
13
13
12
18
13
15
9
7
6
6
6
2
icon: PPE-DE PPE-DE
243
2

Denmark PPE-DE

1

Estonia PPE-DE

For (1)

1

Luxembourg PPE-DE

3

Malta PPE-DE

2
icon: PSE PSE
176

Lithuania PSE

2

Slovakia PSE

2

Ireland PSE

1

Czechia PSE

2

Slovenia PSE

For (1)

1

Estonia PSE

3

Luxembourg PSE

For (1)

1
icon: ALDE ALDE
86

Spain ALDE

1

Hungary ALDE

1

Ireland ALDE

For (1)

1

Sweden ALDE

2

Latvia ALDE

1

Slovenia ALDE

2

Cyprus ALDE

For (1)

1

Estonia ALDE

2

Luxembourg ALDE

For (1)

1
icon: Verts/ALE Verts/ALE
40

United Kingdom Verts/ALE

5

Italy Verts/ALE

2

Spain Verts/ALE

2

Belgium Verts/ALE

2

Austria Verts/ALE

2

Finland Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Sweden Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Luxembourg Verts/ALE

For (1)

1
icon: UEN UEN
40

Lithuania UEN

2

Denmark UEN

For (1)

1
icon: GUE/NGL GUE/NGL
33

France GUE/NGL

2

United Kingdom GUE/NGL

1

Spain GUE/NGL

For (1)

1

Netherlands GUE/NGL

2

Portugal GUE/NGL

2

Finland GUE/NGL

For (1)

1

Sweden GUE/NGL

1

Cyprus GUE/NGL

2
icon: NI NI
21

United Kingdom NI

Abstain (1)

7

Italy NI

2

Poland NI

1

Belgium NI

For (1)

1

Austria NI

For (1)

1

Czechia NI

1
icon: IND/DEM IND/DEM
14

United Kingdom IND/DEM

2

Poland IND/DEM

3

Netherlands IND/DEM

2

Ireland IND/DEM

For (1)

1

Denmark IND/DEM

Against (1)

1

Sweden IND/DEM

2

History

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

docs/0/docs/0/url
Old
http://www.europarl.europa.eu/doceo/document/B-6-2008-0623_EN.html
New
https://www.europarl.europa.eu/doceo/document/B-6-2008-0623_EN.html
events/1
date
2008-12-16T00:00:00
type
Decision by Parliament
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/TA-6-2008-0607_EN.html title: T6-0607/2008
summary
events/1
date
2008-12-16T00:00:00
type
Decision by Parliament, 1st reading/single reading
body
EP
docs
url: http://www.europarl.europa.eu/doceo/document/TA-6-2008-0607_EN.html title: T6-0607/2008
summary
procedure/legal_basis/0
Rules of Procedure EP 112-p2
procedure/legal_basis/0
Rules of Procedure EP 106-p2
docs/0/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B6-2008-623&language=EN
New
http://www.europarl.europa.eu/doceo/document/B-6-2008-0623_EN.html
docs/1/body
EC
events/1/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2008-607
New
http://www.europarl.europa.eu/doceo/document/TA-6-2008-0607_EN.html
activities
  • date: 2008-12-16T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=16523&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2008-607 type: Decision by Parliament, 1st reading/single reading title: T6-0607/2008 body: EP type: Results of vote in Parliament
committees
    docs
    • date: 2008-12-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B6-2008-623&language=EN title: B6-0623/2008 type: Motion for a resolution body: EP
    • date: 2009-04-22T00:00:00 docs: url: /oeil/spdoc.do?i=16523&j=0&l=en title: SP(2009)988 type: Commission response to text adopted in plenary
    events
    • date: 2008-12-16T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=16523&l=en title: Results of vote in Parliament
    • date: 2008-12-16T00:00:00 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=P6-TA-2008-607 title: T6-0607/2008 summary: The European Parliament adopted, by 627 votes to 10 with 16 abstentions, a resolution tabled by the Committee on Economic and Monetary Affairs on the draft Commission directive amending certain annexes to Directive 2006/48/EC of the European Parliament and of the Council as regards technical provisions concerning risk management. Parliament notes that this includes provision concerning disclosure by External Credit Assessment Institutions (ECAIs). It recalls the Commission proposal of 1 October 2008 for a Directive amending Directives 2006/48/EC and 2006/49/EC as regards banks affiliated to central institutions, certain own funds items, large exposures, supervisory arrangements, and crisis management (proposal for a review of the CRD), as well as the proposal of 12 November 2008 for a Regulation on Credit Rating Agencies. Parliament states that disclosure and transparency obligations on ECAIs and Credit Rating Agencies should be dealt with coherently and consistently. The disclosure obligations relating to ECAIs proposed by the Commission go beyond a technical adjustment and therefore require appropriate consideration by Parliament and should be dealt with in accordance with the codecision procedure. Such coherence and consistency and Parliament's appropriate consideration require that the provision concerning disclosure obligations relating to ECAIs be dealt with, in accordance with the codecision procedure, in the framework of either the proposal for a review of the CRD or the proposal for a CRA Regulation. Parliament does, however, support the remaining technical amendments. Accordingly, Members state that they oppose adoption of the draft Commission directive amending certain annexes to Directive 2006/48/EC as regards technical provisions concerning risk management, and they consider that the draft Commission directive exceeds the implementing powers provided for in Directive 2006/48/EC. They call on the Commission to withdraw the draft measure and submit a new one to the committee. A text for the modification to the draft directive is proposed in the resolution.
    • date: 2008-12-16T00:00:00 type: End of procedure in Parliament body: EP
    links
    other
      procedure/legal_basis/0
      Rules of Procedure EP 106-p2
      procedure/legal_basis/0
      Rules of Procedure of the European Parliament EP 106-p2
      procedure/subject
      Old
      • 2.50.04 Banks and credit
      New
      2.50.04
      Banks and credit
      procedure/subtype
      Old
      Comitology resolution
      New
      Resolution on implementing act or powers
      activities
      • date: 2008-12-16T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=16523&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2008-607 type: Decision by Parliament, 1st reading/single reading title: T6-0607/2008 body: EP type: Results of vote in Parliament
      committees
        links
        other
          procedure
          reference
          2008/2698(RSP)
          title
          Resolution on the draft Commission directive amending certain annexes to Directive 2006/48/EC of the European Parliament and of the Council as regards technical provisions concerning risk management
          legal_basis
          Rules of Procedure of the European Parliament EP 106-p2
          stage_reached
          Procedure completed
          subtype
          Comitology resolution
          type
          RSP - Resolutions on topical subjects
          subject
          2.50.04 Banks and credit