BETA


2013/2198(ACI) European Parliament/European Central Bank (ECB) Interinstitutional Agreement: practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead AFCO CASINI Carlo (icon: PPE PPE) HÄFNER Gerald (icon: Verts/ALE Verts/ALE), FOX Ashley (icon: ECR ECR), MESSERSCHMIDT Morten (icon: EFD EFD)
Lead committee dossier:
Legal Basis:
RoP 52-p1

Events

2013/11/30
   Final act published in Official Journal
Details

PURPOSE: Interinstitutional Agreement between the European Parliament and the European Central Bank on the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism.

NON-LEGISLATIVE ACT: Interinstitutional Agreement between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism.

CONTENT: Council Regulation (EU) No 1024/2013 conferred specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions. It aims to contribute to the safety and soundness of credit institutions and the stability of the financial system within the European Union and each Member State participating in the Single Supervisory Mechanism (SSM).

The conferral of supervisory tasks implies a significant responsibility for the ECB to contribute to financial stability in the Union, using its supervisory powers in the most effective and proportionate way. However, any conferral of supervisory powers to the Union level should be balanced by appropriate accountability requirements. The ECB is therefore accountable for the implementation of that Regulation to Parliament and the Council as democratically legitimised institutions representing the citizens of the Union and the Member States.

This Interinstitutional Agreement provides for parliamentary control over the exercise of supervisory powers of the ECB , through regular ad hoc exchanges of views with Parliament’s competent committee, confidential meetings with the Chair of the Supervisory Board, finally, through a better access to information.

The ECB shall provide Parliament’s competent committee at least with a comprehensive and meaningful record of the proceedings of the Supervisory Board that enables an understanding of the discussions, including an annotated list of decisions.

The Agreement also guarantees full cooperation between the two institutions as regards investigations .

Parliament shall seek the ECB’s consent to any disclosure to additional persons or institutions and the two institutions will cooperate in any judicial, administrative or other proceedings in which access to such information or documents is sought. The ECB may request Parliament, with respect to all or certain categories of information or documents disclosed, that it maintains a list of persons having access to these information and documents

Lastly, the Interinstitutional Agreement provides for a strong Parliamentary oversight of the selection procedure for the Chair of the Supervisory Board .

The ECB shall submit every year a report to Parliament on the execution of the tasks conferred on it. The Chair of the Supervisory Board shall present the Annual Report to Parliament at a public hearing. The practical implementation of this Agreement shall be assessed by the two institutions every three years.

ENTRY INTO FORCE: 30.10.2013 or the day after the signature of this Agreement, whichever is later.

2013/10/09
   EP - Results of vote in Parliament
2013/10/09
   EP - Decision by Parliament
Details

The European Parliament decided to approve the conclusion of an Interinstitutional Agreement between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism.

This decision follows the position adopted by Parliament on 12 September 2013 with a view to the adoption of a Council regulation conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions ( .

The draft Interinstitutional Agreement provided in particular for strong parliamentary oversight of the ECB’s supervisory tasks through regular exchanges of views with Parliament's responsible committee, confidential oral discussions with the Bureau of that committee, and further access to information including to a record of proceedings of the Supervisory Board. ECB cooperation with the European Parliament in the framework of its investigations is also ensured.

Lastly, the draft IIA specified the parliamentary involvement in the selection procedure of the Chair of the Supervisory Board.

Documents
2013/10/09
   EP - End of procedure in Parliament
2013/10/07
   EP - Committee referral announced in Parliament
2013/09/30
   EP - Committee report tabled for plenary, single reading
Documents
2013/09/29
   EP - Committee report tabled for plenary
Documents
2013/09/17
   EP - Vote in committee
2013/09/17
   EP - CASINI Carlo (PPE) appointed as rapporteur in AFCO
2013/09/12
   EC - Non-legislative basic document
Documents
2013/09/11
   EC - Non-legislative basic document published
Documents

Documents

History

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

docs/1
date
2013-09-30T00:00:00
docs
url: https://www.europarl.europa.eu/doceo/document/A-7-2013-0302_EN.html title: A7-0302/2013
type
Committee report tabled for plenary, single reading
body
EP
events/0/date
Old
2013-09-12T00:00:00
New
2013-09-11T00:00:00
events/2
date
2013-09-29T00:00:00
type
Committee report tabled for plenary
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/A-7-2013-0302_EN.html title: A7-0302/2013
events/2
date
2013-09-30T00:00:00
type
Committee report tabled for plenary
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/A-7-2013-0302_EN.html title: A7-0302/2013
summary
committees/0/shadows/2
name
SCHOLZ Helmut
group
European United Left - Nordic Green Left
abbr
GUE/NGL
events/1/type
Old
Vote in committee, 1st reading/single reading
New
Vote in committee
events/2
date
2013-09-30T00:00:00
type
Committee report tabled for plenary
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/A-7-2013-0302_EN.html title: A7-0302/2013
summary
events/2
date
2013-09-30T00:00:00
type
Committee report tabled for plenary, single reading
body
EP
docs
url: http://www.europarl.europa.eu/doceo/document/A-7-2013-0302_EN.html title: A7-0302/2013
summary
events/3/type
Old
Committee referral announced in Parliament, 1st reading/single reading
New
Committee referral announced in Parliament
events/5
date
2013-10-09T00:00:00
type
Decision by Parliament
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/TA-7-2013-0404_EN.html title: T7-0404/2013
summary
events/5
date
2013-10-09T00:00:00
type
Decision by Parliament, 1st reading/single reading
body
EP
docs
url: http://www.europarl.europa.eu/doceo/document/TA-7-2013-0404_EN.html title: T7-0404/2013
summary
procedure/Modified legal basis
Rules of Procedure EP 150
procedure/Other legal basis
Rules of Procedure EP 159
procedure/legal_basis/0
Rules of Procedure EP 52-p1
procedure/legal_basis/0
Rules of Procedure EP 050-p1
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Constitutional Affairs
committee
AFCO
rapporteur
name: CASINI Carlo date: 2013-09-17T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
shadows
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Constitutional Affairs
committee
AFCO
date
2013-09-17T00:00:00
rapporteur
name: CASINI Carlo group: European People's Party (Christian Democrats) abbr: PPE
shadows
events/2/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-302&language=EN
New
http://www.europarl.europa.eu/doceo/document/A-7-2013-0302_EN.html
events/5/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-404
New
http://www.europarl.europa.eu/doceo/document/TA-7-2013-0404_EN.html
activities
  • date: 2013-09-12T00:00:00 docs: type: Non-legislative basic document published title: N7-0084/2013 body: EC commission: DG: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs Commissioner: REHN Olli type: Non-legislative basic document published
  • date: 2013-09-17T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP shadows: group: Verts/ALE name: HÄFNER Gerald group: ECR name: FOX Ashley group: GUE/NGL name: SCHOLZ Helmut group: EFD name: MESSERSCHMIDT Morten responsible: True committee: AFCO date: 2013-09-17T00:00:00 committee_full: Constitutional Affairs rapporteur: group: PPE name: CASINI Carlo
  • date: 2013-09-30T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-302&language=EN type: Committee report tabled for plenary, single reading title: A7-0302/2013 body: EP type: Committee report tabled for plenary, single reading
  • date: 2013-10-07T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP shadows: group: Verts/ALE name: HÄFNER Gerald group: ECR name: FOX Ashley group: GUE/NGL name: SCHOLZ Helmut group: EFD name: MESSERSCHMIDT Morten responsible: True committee: AFCO date: 2013-09-17T00:00:00 committee_full: Constitutional Affairs rapporteur: group: PPE name: CASINI Carlo
  • date: 2013-10-09T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=23439&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=P7-TA-2013-404 type: Decision by Parliament, 1st reading/single reading title: T7-0404/2013 body: EP type: Results of vote in Parliament
  • date: 2013-11-30T00:00:00 type: Final act published in Official Journal
commission
  • body: EC dg: Economic and Financial Affairs commissioner: REHN Olli
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Constitutional Affairs
committee
AFCO
date
2013-09-17T00:00:00
rapporteur
name: CASINI Carlo group: European People's Party (Christian Democrats) abbr: PPE
shadows
committees/0
body
EP
shadows
responsible
True
committee
AFCO
date
2013-09-17T00:00:00
committee_full
Constitutional Affairs
rapporteur
group: PPE name: CASINI Carlo
docs
  • date: 2013-09-12T00:00:00 docs: url: https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:[%SECTOR]2013[%DESCRIPTOR]0084:FR:NOT title: N7-0084/2013 type: Non-legislative basic document body: EC
events
  • date: 2013-09-12T00:00:00 type: Non-legislative basic document published body: EC docs: url: https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:[%SECTOR]2013[%DESCRIPTOR]0084:FR:NOT title: N7-0084/2013
  • date: 2013-09-17T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2013-09-30T00:00:00 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=A7-2013-302&language=EN title: A7-0302/2013 summary: The Committee on Constitutional Affairs adopted the report by Carlo CASINI (EPP, IT) on the conclusion of an Interinstitutional Agreement (IIA) between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism. On 12 September 2013, the European Parliament approved its position on the adoption of the Council Regulation conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions. This Regulation aims to confer on the European Central Bank (ECB) specific tasks concerning policies relating to the prudential supervision of credit institutions, with a view to contributing to the safety and soundness of credit institutions and the stability of the financial system within the European Union and each Member State participating in the Single Supervisory Mechanism (SSM). A joint statement was made by the President of the European Parliament and the President of the ECB on the occasion of Parliament’s vote on the adoption of the proposal for a regulation. In the light of the Parliament’s position and of this joint statement, the committee recommended the European Parliament to approve the conclusion of the Interinstitutional Agreement. The agreement provides for close parliamentary monitoring of the performance of the ECB’s supervisory tasks, through regular exchanges of views with the relevant parliamentary committee, oral discussions behind closed doors with the Bureau of the same committee and, ultimately, better access to information, including the non-confidential parts of the minutes of the supervisory board. The agreement also guarantees full cooperation between the two institutions in any investigations. Lastly, the draft IIA provides for parliamentary control over the procedure for selecting the chair of the supervisory board.
  • date: 2013-10-07T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2013-10-09T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=23439&l=en title: Results of vote in Parliament
  • date: 2013-10-09T00:00:00 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=P7-TA-2013-404 title: T7-0404/2013 summary: The European Parliament decided to approve the conclusion of an Interinstitutional Agreement between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism. This decision follows the position adopted by Parliament on 12 September 2013 with a view to the adoption of a Council regulation conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions ( . The draft Interinstitutional Agreement provided in particular for strong parliamentary oversight of the ECB’s supervisory tasks through regular exchanges of views with Parliament's responsible committee, confidential oral discussions with the Bureau of that committee, and further access to information including to a record of proceedings of the Supervisory Board. ECB cooperation with the European Parliament in the framework of its investigations is also ensured. Lastly, the draft IIA specified the parliamentary involvement in the selection procedure of the Chair of the Supervisory Board.
  • date: 2013-10-09T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2013-11-30T00:00:00 type: Final act published in Official Journal summary: PURPOSE: Interinstitutional Agreement between the European Parliament and the European Central Bank on the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism. NON-LEGISLATIVE ACT: Interinstitutional Agreement between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism. CONTENT: Council Regulation (EU) No 1024/2013 conferred specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions. It aims to contribute to the safety and soundness of credit institutions and the stability of the financial system within the European Union and each Member State participating in the Single Supervisory Mechanism (SSM). The conferral of supervisory tasks implies a significant responsibility for the ECB to contribute to financial stability in the Union, using its supervisory powers in the most effective and proportionate way. However, any conferral of supervisory powers to the Union level should be balanced by appropriate accountability requirements. The ECB is therefore accountable for the implementation of that Regulation to Parliament and the Council as democratically legitimised institutions representing the citizens of the Union and the Member States. This Interinstitutional Agreement provides for parliamentary control over the exercise of supervisory powers of the ECB , through regular ad hoc exchanges of views with Parliament’s competent committee, confidential meetings with the Chair of the Supervisory Board, finally, through a better access to information. The ECB shall provide Parliament’s competent committee at least with a comprehensive and meaningful record of the proceedings of the Supervisory Board that enables an understanding of the discussions, including an annotated list of decisions. The Agreement also guarantees full cooperation between the two institutions as regards investigations . Parliament shall seek the ECB’s consent to any disclosure to additional persons or institutions and the two institutions will cooperate in any judicial, administrative or other proceedings in which access to such information or documents is sought. The ECB may request Parliament, with respect to all or certain categories of information or documents disclosed, that it maintains a list of persons having access to these information and documents Lastly, the Interinstitutional Agreement provides for a strong Parliamentary oversight of the selection procedure for the Chair of the Supervisory Board . The ECB shall submit every year a report to Parliament on the execution of the tasks conferred on it. The Chair of the Supervisory Board shall present the Annual Report to Parliament at a public hearing. The practical implementation of this Agreement shall be assessed by the two institutions every three years. ENTRY INTO FORCE: 30.10.2013 or the day after the signature of this Agreement, whichever is later.
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs commissioner: REHN Olli
procedure/Modified legal basis
Old
Rules of Procedure of the European Parliament EP 150
New
Rules of Procedure EP 150
procedure/dossier_of_the_committee
Old
AFCO/7/13828
New
  • AFCO/7/13828
procedure/final/title
Old
OJ L 320 30.11.2013, p. 0001
New
OJ L 320 30.11.2013, p. 0001
procedure/final/url
Old
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2013:320:TOC
New
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2013:320:TOC
procedure/legal_basis/0
Rules of Procedure EP 050-p1
procedure/legal_basis/0
Rules of Procedure of the European Parliament EP 050-p1
procedure/selected_topics
    procedure/subject
    Old
    • 2.50.04 Banks and credit
    • 2.50.10 Financial supervision
    • 5.20.03 European Central Bank (ECB), ESCB
    • 8.40.01 European Parliament
    • 8.40.10 Interinstitutional relations, democratic deficit, subsidiarity, comitology
    New
    2.50.04
    Banks and credit
    2.50.10
    Financial supervision
    5.20.03
    European Central Bank (ECB), ESCB
    8.40.01
    European Parliament
    8.40.10
    Interinstitutional relations, subsidiarity, proportionality, comitology
    activities/1/committees/0/rapporteur/0/group
    Old
    EPP
    New
    PPE
    activities/1/committees/0/rapporteur/0/mepref
    Old
    4de1838e0fb8127435bdbc3f
    New
    4f1ac70ab819f25efd000062
    activities/1/committees/0/shadows
    • group: Verts/ALE name: HÄFNER Gerald
    • group: ECR name: FOX Ashley
    • group: GUE/NGL name: SCHOLZ Helmut
    • group: EFD name: MESSERSCHMIDT Morten
    activities/3/committees/0/rapporteur/0/group
    Old
    EPP
    New
    PPE
    activities/3/committees/0/rapporteur/0/mepref
    Old
    4de1838e0fb8127435bdbc3f
    New
    4f1ac70ab819f25efd000062
    activities/3/committees/0/shadows
    • group: Verts/ALE name: HÄFNER Gerald
    • group: ECR name: FOX Ashley
    • group: GUE/NGL name: SCHOLZ Helmut
    • group: EFD name: MESSERSCHMIDT Morten
    activities/4/docs/0
    url
    http://www.europarl.europa.eu/oeil/popups/sda.do?id=23439&l=en
    type
    Results of vote in Parliament
    title
    Results of vote in Parliament
    activities/4/type
    Old
    Decision by Parliament, 1st reading/single reading
    New
    Results of vote in Parliament
    activities/5/text
    • PURPOSE: Interinstitutional Agreement between the European Parliament and the European Central Bank on the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism.

      NON-LEGISLATIVE ACT: Interinstitutional Agreement between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism.

      CONTENT: Council Regulation (EU) No 1024/2013 conferred specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions. It aims to contribute to the safety and soundness of credit institutions and the stability of the financial system within the European Union and each Member State participating in the Single Supervisory Mechanism (SSM).

      The conferral of supervisory tasks implies a significant responsibility for the ECB to contribute to financial stability in the Union, using its supervisory powers in the most effective and proportionate way. However, any conferral of supervisory powers to the Union level should be balanced by appropriate accountability requirements. The ECB is therefore accountable for the implementation of that Regulation to Parliament and the Council as democratically legitimised institutions representing the citizens of the Union and the Member States.

      This Interinstitutional Agreement provides for parliamentary control over the exercise of supervisory powers of the ECB, through regular ad hoc exchanges of views with Parliament’s competent committee, confidential meetings with the Chair of the Supervisory Board, finally, through a better access to information.

      The ECB shall provide Parliament’s competent committee at least with a comprehensive and meaningful record of the proceedings of the Supervisory Board that enables an understanding of the discussions, including an annotated list of decisions.

      The Agreement also guarantees full cooperation between the two institutions as regards investigations.

      Parliament shall seek the ECB’s consent to any disclosure to additional persons or institutions and the two institutions will cooperate in any judicial, administrative or other proceedings in which access to such information or documents is sought. The ECB may request Parliament, with respect to all or certain categories of information or documents disclosed, that it maintains a list of persons having access to these information and documents

      Lastly, the Interinstitutional Agreement provides for a strong Parliamentary oversight of the selection procedure for the Chair of the Supervisory Board.

      The ECB shall submit every year a report to Parliament on the execution of the tasks conferred on it. The Chair of the Supervisory Board shall present the Annual Report to Parliament at a public hearing. The practical implementation of this Agreement shall be assessed by the two institutions every three years.

      ENTRY INTO FORCE: 30.10.2013 or the day after the signature of this Agreement, whichever is later.

    committees/0/rapporteur/0/group
    Old
    EPP
    New
    PPE
    committees/0/rapporteur/0/mepref
    Old
    4de1838e0fb8127435bdbc3f
    New
    4f1ac70ab819f25efd000062
    committees/0/shadows
    • group: Verts/ALE name: HÄFNER Gerald
    • group: ECR name: FOX Ashley
    • group: GUE/NGL name: SCHOLZ Helmut
    • group: EFD name: MESSERSCHMIDT Morten
    procedure/Modified legal basis
    Old
    Rules of Procedure of the European Parliament EP 138
    New
    Rules of Procedure of the European Parliament EP 150
    procedure/final/url
    Old
    http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:320:0001:0001:EN:PDF
    New
    http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2013:320:TOC
    procedure/legal_basis/0
    Old
    Rules of Procedure of the European Parliament EP 046-p1
    New
    Rules of Procedure of the European Parliament EP 050-p1
    procedure/selected_topics
      activities/5
      date
      2013-11-30T00:00:00
      type
      Final act published in Official Journal
      procedure/final
      url
      http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:320:0001:0001:EN:PDF
      title
      OJ L 320 30.11.2013, p. 0001
      procedure/stage_reached
      Old
      Procedure completed, awaiting publication in Official Journal
      New
      Procedure completed
      activities/0/type
      Old
      Non-legislative basic document
      New
      Non-legislative basic document published
      activities/4/type
      Old
      Text adopted by Parliament, single reading
      New
      Decision by Parliament, 1st reading/single reading
      procedure/title
      Old
      European Parliament/European Central Bank (ECB) Interinstitutional Agreement: cooperation on procedures related to the Single Supervisory Mechanism (SSM)
      New
      European Parliament/European Central Bank (ECB) Interinstitutional Agreement: practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism
      procedure/Modified legal basis
      Rules of Procedure of the European Parliament EP 138
      procedure/legal_basis/1
      Rules of Procedure of the European Parliament EP 138
      activities/4/docs/0/text
      • The European Parliament decided to approve the conclusion of an Interinstitutional Agreement between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism.

        This decision follows the position adopted by Parliament on 12 September 2013 with a view to the adoption of a Council regulation conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions(.

        The draft Interinstitutional Agreement provided in particular for strong parliamentary oversight of the ECB’s supervisory tasks through regular exchanges of views with Parliament's responsible committee, confidential oral discussions with the Bureau of that committee, and further access to information including to a record of proceedings of the Supervisory Board. ECB cooperation with the European Parliament in the framework of its investigations is also ensured.

        Lastly, the draft IIA specified the parliamentary involvement in the selection procedure of the Chair of the Supervisory Board.

      procedure/Modified legal basis
      Rules of Procedure of the European Parliament EP 138
      procedure/legal_basis/1
      Rules of Procedure of the European Parliament EP 138
      procedure/?!oeil-proposed_legal_basis!?
      Rules of Procedure of the European Parliament EP 138
      procedure/Modified legal basis
      Rules of Procedure of the European Parliament EP 138
      activities/3
      date
      2013-10-07T00:00:00
      body
      EP
      type
      Committee referral announced in Parliament, 1st reading/single reading
      committees
      body: EP responsible: True committee: AFCO date: 2013-09-17T00:00:00 committee_full: Constitutional Affairs rapporteur: group: EPP name: CASINI Carlo
      activities/4/docs
      • url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-404 type: Decision by Parliament, 1st reading/single reading title: T7-0404/2013
      activities/4/type
      Old
      Vote in plenary scheduled
      New
      Text adopted by Parliament, single reading
      procedure/?!oeil-proposed_legal_basis!?
      Rules of Procedure of the European Parliament EP 138
      procedure/dossier_of_the_committee
      AFCO/7/13828
      procedure/legal_basis/1
      Rules of Procedure of the European Parliament EP 138
      procedure/stage_reached
      Old
      Preparatory phase in Parliament
      New
      Procedure completed, awaiting publication in Official Journal
      activities/2
      date
      2013-09-30T00:00:00
      docs
      url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-302&language=EN type: Committee report tabled for plenary, single reading title: A7-0302/2013
      body
      EP
      type
      Committee report tabled for plenary, single reading
      activities/2/committees
      • body: EP responsible: True committee: AFCO date: 2013-09-17T00:00:00 committee_full: Constitutional Affairs rapporteur: group: EPP name: CASINI Carlo
      activities/2/date
      Old
      2013-10-07T00:00:00
      New
      2013-09-30T00:00:00
      activities/2/docs
      • url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-302&language=EN type: Committee report tabled for plenary, single reading title: A7-0302/2013
      activities/2/type
      Old
      Committee referral announced in Parliament, 1st reading/single reading
      New
      Committee report tabled for plenary, single reading
      procedure/dossier_of_the_committee
      AFCO/7/13828
      procedure/stage_reached
      Old
      Awaiting Parliament 1st reading / single reading / budget 1st stage
      New
      Preparatory phase in Parliament
      activities/3
      date
      2013-10-07T00:00:00
      body
      EP
      type
      Committee referral announced in Parliament, 1st reading/single reading
      committees
      body: EP responsible: True committee: AFCO date: 2013-09-17T00:00:00 committee_full: Constitutional Affairs rapporteur: group: EPP name: CASINI Carlo
      procedure/dossier_of_the_committee
      AFCO/7/13828
      procedure/stage_reached
      Old
      Preparatory phase in Parliament
      New
      Awaiting Parliament 1st reading / single reading / budget 1st stage
      activities/0
      date
      2013-09-12T00:00:00
      docs
      type: Non-legislative basic document published title: N7-0084/2013
      body
      EC
      type
      Non-legislative basic document
      commission
      DG: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs Commissioner: REHN Olli
      activities/2/docs/0/text
      • The Committee on Constitutional Affairs adopted the report by Carlo CASINI (EPP, IT) on the conclusion of  an Interinstitutional Agreement (IIA) between the European Parliament and the European Central Bank on the practical modalities of the exercise of democratic accountability and oversight over the exercise of the tasks conferred on the ECB within the framework of the Single Supervisory Mechanism.

        On 12 September 2013, the European Parliament approved its position on the adoption of the Council Regulation conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions. This Regulation aims to confer on the European Central Bank (ECB) specific tasks concerning policies relating to the prudential supervision of credit institutions, with a view to contributing to the safety and soundness of credit institutions and the stability of the financial system within the European Union and each Member State participating in the Single Supervisory Mechanism (SSM).

        A joint statement was made by the President of the European Parliament and the President of the ECB on the occasion of Parliament’s vote on the adoption of the proposal for a regulation.

        In the light of the Parliament’s position and of this joint statement, the committee recommended the European Parliament to approve the conclusion of the Interinstitutional Agreement.

        The agreement provides for close parliamentary monitoring of the performance of the ECB’s supervisory tasks, through regular exchanges of views with the relevant parliamentary committee, oral discussions behind closed doors with the Bureau of the same committee and, ultimately, better access to information, including the non-confidential parts of the minutes of the supervisory board.

        The agreement also guarantees full cooperation between the two institutions in any investigations. Lastly, the draft IIA provides for parliamentary control over the procedure for selecting the chair of the supervisory board.

      activities/2
      date
      2013-10-09T00:00:00
      body
      EP
      type
      Vote in plenary scheduled
      activities/1/date
      Old
      2013-09-25T00:00:00
      New
      2013-09-30T00:00:00
      activities/1/docs/0/url
      http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-302&language=EN
      activities/1
      date
      2013-09-25T00:00:00
      docs
      type: Committee report tabled for plenary, single reading title: A7-0302/2013
      body
      EP
      type
      Committee report tabled for plenary, single reading
      other/0
      body
      EC
      dg
      commissioner
      REHN Olli
      activities
      • date: 2013-09-17T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP responsible: True committee: AFCO date: 2013-09-17T00:00:00 committee_full: Constitutional Affairs rapporteur: group: EPP name: CASINI Carlo
      committees
      • body: EP responsible: True committee: AFCO date: 2013-09-17T00:00:00 committee_full: Constitutional Affairs rapporteur: group: EPP name: CASINI Carlo
      links
      other
        procedure
        reference
        2013/2198(ACI)
        title
        European Parliament/European Central Bank (ECB) Interinstitutional Agreement: cooperation on procedures related to the Single Supervisory Mechanism (SSM)
        legal_basis
        stage_reached
        Preparatory phase in Parliament
        subtype
        Interinstitutional agreement
        type
        ACI - Interinstitutional agreement procedure
        subject