BETA


2014/0808(CNS) Collection of statistical information by the European Central Bank

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON GUALTIERI Roberto (icon: S&D S&D) BALZ Burkhard (icon: PPE PPE), VAN OVERTVELDT Johan (icon: ECR ECR), GIEGOLD Sven (icon: Verts/ALE Verts/ALE)
Lead committee dossier:
Legal Basis:
TFEU 129-p4

Events

2015/03/07
   Final act published in Official Journal
Details

PURPOSE: to amend Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

LEGISLATIVE ACT: Council Regulation (EU) 2015/373 amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank

CONTENT: Council Regulation (EC) No 2533/98 is a key component in the legal framework supporting the statistical information collection tasks of the European Central Bank (ECB) assisted by the national central banks (NCB).

Council Regulation (EU) No 1024/2013 confers on the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and the stability of the financial system within the Union and individual Member States.

In the context and on the basis of an ECB recommendation presented on 20 June 2014, this Regulation amends Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

In order to minimise the reporting burden on reporting agents, the Regulation stipulates that the ESCB may transmit confidential statistical information to authorities or bodies of the Member States and the Union responsible for the supervision of financial institutions, markets and infrastructures or for the stability of the financial system in accordance with Union or national law, and to the European Stability Mechanism (ESM), only to the extent and at the level of detail necessary for the performance of their respective tasks.

Those authorities should include the competent authorities responsible for the supervision of financial institutions, markets and infrastructures and macro-prudential oversight, the European Supervisory Authorities, the European Systemic Risk Board as well as authorities authorised to resolve credit institutions.

The authorities or bodies receiving confidential statistical information shall take all the necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of confidential statistical information.

ENTRY INTO FORCE: 8.3.2015.

2015/03/05
   EP/CSL - Act adopted by Council after consultation of Parliament
2015/03/05
   EP - End of procedure in Parliament
2015/03/05
   CSL - Council Meeting
2014/11/26
   EP - Results of vote in Parliament
2014/11/26
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 541 votes to 98, with 49 abstentions, in the framework of a special legislative procedure (Parliament’s consultation), a legislative resolution on the draft Council regulation amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

Parliament approved the draft proposed in the recommendation of the European Central Bank (ECB) which aims to amend Regulation (EC) 2533/98 with a view to taking into account the ECB’s new supervisory tasks under Regulation (EU) No 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions ( SSM regulation ).

It has, however, introduced a number of amendments aiming to clarify the following issues:

any exemption of reporting agents shall be in the form of a motivated written decision. In addition, the decision shall be transparent and hence public; economic agents may be allowed to submit information through their regular reporting channel; the ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements; the right of verification is not necessarily exhausted with the right to access documents, books and records; the ECB shall have access to paper and computer databases containing unprocessed data points for the conduct on comparative statistical analyses; it is important to distinguish when imposing sanctions the types of misconduct and whether the infringement is intentional or negligent. Hence, incorrect information should refer to errors and not to intentional falsification or tampering; the ex-post falsification of data after submission of statistical information should be included amongst the bad faith conducts.

Lastly, Parliament considered that that such significant empowerment to transmit confidential data to a number of authorities needs to be balanced by a requirement of the receiving authorities to take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of the confidential statistical information concerned.

Documents
2014/11/25
   EP - Debate in Parliament
2014/11/12
   EP - Committee report tabled for plenary, 1st reading/single reading
Details

The Committee on Economic and Monetary Affairs adopted in the framework of a special legislative procedure (Parliament’s consultation), the report by Roberto GUALTIERI (S&D, IT) on the draft Council regulation amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

The committee approved the draft proposed in the recommendation of the European Central Bank (ECB) which aims to amend Regulation (EC) 2533/98 with a view to taking into account the ECB’s new supervisory tasks under Regulation (EU) No 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions ( SSM regulation ).

It has introduced a number of amendments aiming to clarify the following issues:

any exemption of reporting agents shall be in the form of a motivated written decision. In addition, the decision shall be transparent and hence public; the ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements; the right of verification is not necessarily exhausted with the right to access documents, books and records; the ECB shall have access to paper and computer databases containing unprocessed data points for the conduct on comparative statistical analyses; it is important to distinguish when imposing sanctions the types of misconduct and whether the infringement is intentional or negligent. Hence, incorrect information should refer to errors and not to intentional falsification or tampering; the ex-post falsification of data after submission of statistical information should be included amongst the bad faith conducts.

Lastly, Members considered that that such significant empowerment to transmit confidential data to a number of authorities needs to be balanced by a requirement of the receiving authorities to take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of the confidential statistical information concerned.

Documents
2014/11/11
   EP - Vote in committee, 1st reading/single reading
2014/10/20
   EP - Amendments tabled in committee
Documents
2014/10/20
   EP - Amendments tabled in committee
Documents
2014/10/13
   EC - Document attached to the procedure
Documents
2014/09/15
   EP - Committee draft report
Documents
2014/07/22
   EP - GUALTIERI Roberto (S&D) appointed as rapporteur in ECON
2014/07/17
   EP - Committee referral announced in Parliament, 1st reading/single reading
2014/06/20
   EC - Legislative proposal published
Details

PURPOSE: to amend Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

PROPOSED ACT: Recommendation for a Council Regulation.

ROLE OF THE EUROPEAN PARLIAMENT: the Council adopts the act after consulting the European Parliament but without being obliged to follow its opinion.

BACKGROUND: Council Regulation (EC) No 2533/98 is a key component in the legal framework supporting the statistical information collection tasks of the European Central Bank (ECB) assisted by the national central banks (NCB).

The ECB has consistently relied on this Regulation to carry out and monitor the coordinated collection of statistical information necessary to undertake the tasks of the European System of Central Banks (ESCB), including the task of contributing to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system.

Council Regulation (EU) No 1024/2013 confers on the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and the stability of the financial system within the Union and individual Member States.

To minimise the reporting burden on reporting agents and to enable proper performance of supervision of financial institutions, markets and infrastructures conferred on all competent authorities, it is necessary to amend Regulation (EC) No 2533/98.

CONTENT: in accordance with the procedure laid down in Article 129(4) of the Treaty on the Functioning of the European Union and in Article 41 of the Statute of the European System of Central Banks and of the European Central Bank, the recommendation presented by the ECB intends to amend Council Regulation (EC) No 2533/98 concerning the collection of statistical information by the ECB. It aims to:

specify that the ECB, on which specific functions in the field of prudential supervision of credit institutions have been conferred by Council Regulation 1024/2013, similarly to the NCBs on which specific functions in the field of prudential supervision have been conferred, may use confidential statistical information for the performance of these functions ; clarify that transmission of confidential statistical information between ESCB members and other authorities of the Member States and the Union responsible for (a) the supervision of financial institutions, markets and infrastructures, and (b) the stability of the financial system, to the European Stability Mechanism (ESB) may take place to support to respective tasks. Authorities may include, inter alia, the competent authorities responsible for supervision and macro-prudential oversight, the European Supervisory Authorities (ESA), the European Systematic Risk Board (ESRB) as well as authorities authorised to resolve credit institutions.

Documents

Documents

Activities

Votes

A8-0027/2014 - Roberto Gualtieri - Vote unique

2014/11/26 Outcome: +: 541, -: 98, 0: 49
DE FR RO ES IT PL GB BE AT BG HU CZ PT SE NL SK LT FI HR SI LV DK LU MT EE IE CY EL
Total
88
69
30
49
66
47
66
18
17
15
18
19
19
19
25
12
11
13
10
8
8
12
6
6
5
8
5
18
icon: PPE PPE
206
2

Denmark PPE

For (1)

1

Luxembourg PPE

3

Estonia PPE

For (1)

1

Cyprus PPE

1
icon: S&D S&D
175

Netherlands S&D

3

Croatia S&D

2

Slovenia S&D

For (1)

1

Latvia S&D

1

Luxembourg S&D

For (1)

1

Malta S&D

3

Ireland S&D

For (1)

1

Cyprus S&D

2
icon: ALDE ALDE
66

Romania ALDE

3

United Kingdom ALDE

1

Austria ALDE

For (1)

1

Croatia ALDE

2

Slovenia ALDE

For (1)

1

Denmark ALDE

3

Luxembourg ALDE

For (1)

1

Estonia ALDE

3

Ireland ALDE

For (1)

1
icon: Verts/ALE Verts/ALE
47

United Kingdom Verts/ALE

5

Belgium Verts/ALE

2

Austria Verts/ALE

2

Hungary Verts/ALE

For (1)

1

Netherlands Verts/ALE

2

Lithuania Verts/ALE

For (1)

1

Finland Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Denmark Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Estonia Verts/ALE

For (1)

1
icon: ECR ECR
61

Bulgaria ECR

1

Czechia ECR

2

Netherlands ECR

2

Slovakia ECR

2

Lithuania ECR

1

Finland ECR

2

Latvia ECR

For (1)

1

Greece ECR

For (1)

1
icon: NI NI
45

Germany NI

For (1)

Against (1)

2

Poland NI

2

Belgium NI

Abstain (1)

1

Austria NI

Abstain (1)

4
3

Netherlands NI

3

Latvia NI

1
icon: GUE/NGL GUE/NGL
42

France GUE/NGL

For (1)

3

Italy GUE/NGL

Against (1)

3

United Kingdom GUE/NGL

Against (1)

1

Czechia GUE/NGL

2

Portugal GUE/NGL

3

Sweden GUE/NGL

Against (1)

1

Netherlands GUE/NGL

3

Finland GUE/NGL

Against (1)

1

Denmark GUE/NGL

Against (1)

1

Ireland GUE/NGL

2

Cyprus GUE/NGL

2
icon: EFDD EFDD
45

France EFDD

Against (1)

1

Poland EFDD

1

Czechia EFDD

Against (1)

1

Sweden EFDD

2

Lithuania EFDD

2
AmendmentsDossier
19 2014/0808(CNS)
2014/10/20 ECON 19 amendments...
source: 541.325

History

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

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committee
ECON
rapporteur
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New
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activities
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  • date: 2014-07-17T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP shadows: group: EPP name: BALZ Burkhard group: ECR name: VAN OVERTVELDT Johan group: Verts/ALE name: GIEGOLD Sven responsible: True committee: ECON date: 2014-07-22T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: S&D name: GUALTIERI Roberto
  • date: 2014-11-11T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP shadows: group: EPP name: BALZ Burkhard group: ECR name: VAN OVERTVELDT Johan group: Verts/ALE name: GIEGOLD Sven responsible: True committee: ECON date: 2014-07-22T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: S&D name: GUALTIERI Roberto
  • body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2014-0027&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A8-0027/2014 type: Committee report tabled for plenary, 1st reading/single reading committees: body: EP shadows: group: EPP name: BALZ Burkhard group: ECR name: VAN OVERTVELDT Johan group: Verts/ALE name: GIEGOLD Sven responsible: True committee: ECON date: 2014-07-22T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: S&D name: GUALTIERI Roberto date: 2014-11-12T00:00:00
  • date: 2014-11-25T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20141125&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
  • date: 2014-11-26T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=24876&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=P8-TA-2014-0061 type: Decision by Parliament, 1st reading/single reading title: T8-0061/2014 body: EP type: Results of vote in Parliament
  • date: 2015-03-05T00:00:00 body: CSL type: Council Meeting council: Transport, Telecommunications and Energy meeting_id: 3372
  • date: 2015-03-05T00:00:00 body: EP type: End of procedure in Parliament
  • date: 2015-03-05T00:00:00 body: EP/CSL type: Act adopted by Council after consultation of Parliament
  • date: 2015-03-07T00:00:00 type: Final act published in Official Journal docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32015R0373 title: Regulation 2015/373 url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2015:064:TOC title: OJ L 064 07.03.2015, p. 0006
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Economic and Monetary Affairs
committee
ECON
date
2014-07-22T00:00:00
rapporteur
name: GUALTIERI Roberto group: Progressive Alliance of Socialists and Democrats abbr: S&D
shadows
committees/0
body
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shadows
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committee
ECON
date
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committee_full
Economic and Monetary Affairs
rapporteur
group: S&D name: GUALTIERI Roberto
council
  • body: CSL type: Council Meeting council: Transport, Telecommunications and Energy meeting_id: 3372 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=3372*&MEET_DATE=05/03/2015 date: 2015-03-05T00:00:00
docs
  • date: 2014-09-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE537.495 title: PE537.495 type: Committee draft report body: EP
  • date: 2014-10-13T00:00:00 docs: title: C(2014)7221 type: Document attached to the procedure body: EC
  • date: 2014-10-20T00:00:00 docs: title: PE539.836 type: Amendments tabled in committee body: EP
  • date: 2014-10-20T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE541.325 title: PE541.325 type: Amendments tabled in committee body: EP
events
  • date: 2014-06-20T00:00:00 type: Legislative proposal published body: EC docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=11200%2F14&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 11200/2014 summary: PURPOSE: to amend Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank. PROPOSED ACT: Recommendation for a Council Regulation. ROLE OF THE EUROPEAN PARLIAMENT: the Council adopts the act after consulting the European Parliament but without being obliged to follow its opinion. BACKGROUND: Council Regulation (EC) No 2533/98 is a key component in the legal framework supporting the statistical information collection tasks of the European Central Bank (ECB) assisted by the national central banks (NCB). The ECB has consistently relied on this Regulation to carry out and monitor the coordinated collection of statistical information necessary to undertake the tasks of the European System of Central Banks (ESCB), including the task of contributing to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system. Council Regulation (EU) No 1024/2013 confers on the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and the stability of the financial system within the Union and individual Member States. To minimise the reporting burden on reporting agents and to enable proper performance of supervision of financial institutions, markets and infrastructures conferred on all competent authorities, it is necessary to amend Regulation (EC) No 2533/98. CONTENT: in accordance with the procedure laid down in Article 129(4) of the Treaty on the Functioning of the European Union and in Article 41 of the Statute of the European System of Central Banks and of the European Central Bank, the recommendation presented by the ECB intends to amend Council Regulation (EC) No 2533/98 concerning the collection of statistical information by the ECB. It aims to: specify that the ECB, on which specific functions in the field of prudential supervision of credit institutions have been conferred by Council Regulation 1024/2013, similarly to the NCBs on which specific functions in the field of prudential supervision have been conferred, may use confidential statistical information for the performance of these functions ; clarify that transmission of confidential statistical information between ESCB members and other authorities of the Member States and the Union responsible for (a) the supervision of financial institutions, markets and infrastructures, and (b) the stability of the financial system, to the European Stability Mechanism (ESB) may take place to support to respective tasks. Authorities may include, inter alia, the competent authorities responsible for supervision and macro-prudential oversight, the European Supervisory Authorities (ESA), the European Systematic Risk Board (ESRB) as well as authorities authorised to resolve credit institutions.
  • date: 2014-07-17T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2014-11-11T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2014-11-12T00:00:00 type: Committee report tabled for plenary, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2014-0027&language=EN title: A8-0027/2014 summary: The Committee on Economic and Monetary Affairs adopted in the framework of a special legislative procedure (Parliament’s consultation), the report by Roberto GUALTIERI (S&D, IT) on the draft Council regulation amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank. The committee approved the draft proposed in the recommendation of the European Central Bank (ECB) which aims to amend Regulation (EC) 2533/98 with a view to taking into account the ECB’s new supervisory tasks under Regulation (EU) No 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions ( SSM regulation ). It has introduced a number of amendments aiming to clarify the following issues: any exemption of reporting agents shall be in the form of a motivated written decision. In addition, the decision shall be transparent and hence public; the ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements; the right of verification is not necessarily exhausted with the right to access documents, books and records; the ECB shall have access to paper and computer databases containing unprocessed data points for the conduct on comparative statistical analyses; it is important to distinguish when imposing sanctions the types of misconduct and whether the infringement is intentional or negligent. Hence, incorrect information should refer to errors and not to intentional falsification or tampering; the ex-post falsification of data after submission of statistical information should be included amongst the bad faith conducts. Lastly, Members considered that that such significant empowerment to transmit confidential data to a number of authorities needs to be balanced by a requirement of the receiving authorities to take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of the confidential statistical information concerned.
  • date: 2014-11-25T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20141125&type=CRE title: Debate in Parliament
  • date: 2014-11-26T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=24876&l=en title: Results of vote in Parliament
  • date: 2014-11-26T00:00:00 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=P8-TA-2014-0061 title: T8-0061/2014 summary: The European Parliament adopted by 541 votes to 98, with 49 abstentions, in the framework of a special legislative procedure (Parliament’s consultation), a legislative resolution on the draft Council regulation amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank. Parliament approved the draft proposed in the recommendation of the European Central Bank (ECB) which aims to amend Regulation (EC) 2533/98 with a view to taking into account the ECB’s new supervisory tasks under Regulation (EU) No 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions ( SSM regulation ). It has, however, introduced a number of amendments aiming to clarify the following issues: any exemption of reporting agents shall be in the form of a motivated written decision. In addition, the decision shall be transparent and hence public; economic agents may be allowed to submit information through their regular reporting channel; the ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements; the right of verification is not necessarily exhausted with the right to access documents, books and records; the ECB shall have access to paper and computer databases containing unprocessed data points for the conduct on comparative statistical analyses; it is important to distinguish when imposing sanctions the types of misconduct and whether the infringement is intentional or negligent. Hence, incorrect information should refer to errors and not to intentional falsification or tampering; the ex-post falsification of data after submission of statistical information should be included amongst the bad faith conducts. Lastly, Parliament considered that that such significant empowerment to transmit confidential data to a number of authorities needs to be balanced by a requirement of the receiving authorities to take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of the confidential statistical information concerned.
  • date: 2015-03-05T00:00:00 type: Act adopted by Council after consultation of Parliament body: EP/CSL
  • date: 2015-03-05T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2015-03-07T00:00:00 type: Final act published in Official Journal summary: PURPOSE: to amend Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank. LEGISLATIVE ACT: Council Regulation (EU) 2015/373 amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank CONTENT: Council Regulation (EC) No 2533/98 is a key component in the legal framework supporting the statistical information collection tasks of the European Central Bank (ECB) assisted by the national central banks (NCB). Council Regulation (EU) No 1024/2013 confers on the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and the stability of the financial system within the Union and individual Member States. In the context and on the basis of an ECB recommendation presented on 20 June 2014, this Regulation amends Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank. In order to minimise the reporting burden on reporting agents, the Regulation stipulates that the ESCB may transmit confidential statistical information to authorities or bodies of the Member States and the Union responsible for the supervision of financial institutions, markets and infrastructures or for the stability of the financial system in accordance with Union or national law, and to the European Stability Mechanism (ESM), only to the extent and at the level of detail necessary for the performance of their respective tasks. Those authorities should include the competent authorities responsible for the supervision of financial institutions, markets and infrastructures and macro-prudential oversight, the European Supervisory Authorities, the European Systemic Risk Board as well as authorities authorised to resolve credit institutions. The authorities or bodies receiving confidential statistical information shall take all the necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of confidential statistical information. ENTRY INTO FORCE: 8.3.2015. docs: title: Regulation 2015/373 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32015R0373 title: OJ L 064 07.03.2015, p. 0006 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2015:064:TOC
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    • url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32015R0373 title: Regulation 2015/373
    • url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2015:064:TOC title: OJ L 064 07.03.2015, p. 0006
    activities/9/text
    • PURPOSE: to amend Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

      LEGISLATIVE ACT: Council Regulation (EU) 2015/373 amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank

      CONTENT: Council Regulation (EC) No 2533/98 is a key component in the legal framework supporting the statistical information collection tasks of the European Central Bank (ECB) assisted by the national central banks (NCB).

      Council Regulation (EU) No 1024/2013 confers on the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and the stability of the financial system within the Union and individual Member States.

      In the context and on the basis of an ECB recommendation presented on 20 June 2014, this Regulation amends Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

      In order to minimise the reporting burden on reporting agents, the Regulation stipulates that the ESCB may transmit confidential statistical information to authorities or bodies of the Member States and the Union responsible for the supervision of financial institutions, markets and infrastructures or for the stability of the financial system in accordance with Union or national law, and to the European Stability Mechanism (ESM), only to the extent and at the level of detail necessary for the performance of their respective tasks.

      Those authorities should include the competent authorities responsible for the supervision of financial institutions, markets and infrastructures and macro-prudential oversight, the European Supervisory Authorities, the European Systemic Risk Board as well as authorities authorised to resolve credit institutions.

      The authorities or bodies receiving confidential statistical information shall take all the necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of confidential statistical information.

      ENTRY INTO FORCE: 8.3.2015.

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    OJ L 064 07.03.2015, p. 0006
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    Regulation 2015/373
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    • The European Parliament adopted by 541 votes to 98, with 49 abstentions, in the framework of a special legislative procedure (Parliament’s consultation), a legislative resolution on the draft Council regulation amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

      Parliament approved the draft proposed in the recommendation of the European Central Bank (ECB) which aims to amend Regulation (EC) 2533/98 with a view to taking into account the ECB’s new supervisory tasks under Regulation (EU) No 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (SSM regulation).

      It has, however, introduced a number of amendments aiming to clarify the following issues:

      • any exemption of reporting agents shall be in the form of a motivated written decision. In addition, the decision shall be transparent and hence public;
      • economic agents may be allowed to submit information through their regular reporting channel;
      • the ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements;
      • the right of verification is not necessarily exhausted with the right to access documents, books and records;
      • the ECB shall have access to paper and computer databases containing unprocessed data points for the conduct on comparative statistical analyses;
      • it is important to distinguish when imposing sanctions the types of misconduct and whether the infringement is intentional or negligent. Hence, incorrect information should refer to errors and not to intentional falsification or tampering;
      • the ex-post falsification of data after submission of statistical information should be included amongst the bad faith conducts.

      Lastly, Parliament considered that that such significant empowerment to transmit confidential data to a number of authorities needs to be balanced by a requirement of the receiving authorities to take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of the confidential statistical information concerned.

    activities/4/docs
    • url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20141125&type=CRE type: Debate in Parliament title: Debate in Parliament
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    • url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2014-0061 type: Decision by Parliament, 1st reading/single reading title: T8-0061/2014
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    • The Committee on Economic and Monetary Affairs adopted in the framework of a special legislative procedure (Parliament’s consultation), the report by Roberto GUALTIERI (S&D, IT) on the draft Council regulation amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

      The committee approved the draft proposed in the recommendation of the European Central Bank (ECB) which aims to amend Regulation (EC) 2533/98 with a view to taking into account the ECB’s new supervisory tasks under Regulation (EU) No 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (SSM regulation).

      It has introduced a number of amendments aiming to clarify the following issues:

      • any exemption of reporting agents shall be in the form of a motivated written decision. In addition, the decision shall be transparent and hence public;
      • the ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements;
      • the right of verification is not necessarily exhausted with the right to access documents, books and records;
      • the ECB shall have access to paper and computer databases containing unprocessed data points for the conduct on comparative statistical analyses;
      • it is important to distinguish when imposing sanctions the types of misconduct and whether the infringement is intentional or negligent. Hence, incorrect information should refer to errors and not to intentional falsification or tampering;
      • the ex-post falsification of data after submission of statistical information should be included amongst the bad faith conducts.

      Lastly, Members considered that that such significant empowerment to transmit confidential data to a number of authorities needs to be balanced by a requirement of the receiving authorities to take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of the confidential statistical information concerned.

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    • url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2014-0027&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A8-0027/2014
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    body: EP shadows: group: EPP name: BALZ Burkhard group: ECR name: VAN OVERTVELDT Johan group: Verts/ALE name: GIEGOLD Sven responsible: True committee: ECON date: 2014-07-22T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: S&D name: GUALTIERI Roberto
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    • body: EP shadows: group: EPP name: BALZ Burkhard group: ECR name: VAN OVERTVELDT Johan group: Verts/ALE name: GIEGOLD Sven responsible: True committee: ECON date: 2014-07-22T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: S&D name: GUALTIERI Roberto
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    • group: EPP name: BALZ Burkhard
    • group: ECR name: VAN OVERTVELDT Johan
    • group: Verts/ALE name: GIEGOLD Sven
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    • group: EPP name: BALZ Burkhard
    • group: ECR name: VAN OVERTVELDT Johan
    • group: Verts/ALE name: GIEGOLD Sven
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    • PURPOSE: to amend Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank.

      PROPOSED ACT: Recommendation for a Council Regulation.

      ROLE OF THE EUROPEAN PARLIAMENT: the Council adopts the act after consulting the European Parliament but without being obliged to follow its opinion.

      BACKGROUND: Council Regulation (EC) No 2533/98 is a key component in the legal framework supporting the statistical information collection tasks of the European Central Bank (ECB) assisted by the national central banks (NCB).

      The ECB has consistently relied on this Regulation to carry out and monitor the coordinated collection of statistical information necessary to undertake the tasks of the European System of Central Banks (ESCB), including the task of contributing to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system.

      Council Regulation (EU) No 1024/2013 confers on the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and the stability of the financial system within the Union and individual Member States.

      To minimise the reporting burden on reporting agents and to enable proper performance of supervision of financial institutions, markets and infrastructures conferred on all competent authorities, it is necessary to amend Regulation (EC) No 2533/98.

      CONTENT: in accordance with the procedure laid down in Article 129(4) of the Treaty on the Functioning of the European Union and in Article 41 of the Statute of the European System of Central Banks and of the European Central Bank, the recommendation presented by the ECB intends to amend Council Regulation (EC) No 2533/98 concerning the collection of statistical information by the ECB. It aims to:

      • specify that the ECB, on which specific functions in the field of prudential supervision of credit institutions have been conferred by Council Regulation 1024/2013, similarly to the NCBs on which specific functions in the field of prudential supervision have been conferred, may use confidential statistical information for the performance of these functions;
      • clarify that transmission of confidential statistical information between ESCB members and other authorities of the Member States and the Union responsible for (a) the supervision of financial institutions, markets and infrastructures, and (b) the stability of the financial system, to the European Stability Mechanism (ESB) may take place to support to respective tasks.
      • Authorities may include, inter alia, the competent authorities responsible for supervision and macro-prudential oversight, the European Supervisory Authorities (ESA), the European Systematic Risk Board (ESRB) as well as authorities authorised to resolve credit institutions.
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    2014-07-22T00:00:00
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    • group: S&D name: GUALTIERI Roberto
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    • date: 2014-06-20T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=11200%2F14&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC type: Legislative proposal published title: 11200/2014 type: Legislative proposal published body: EC commission:
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      procedure
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      2014/0808(CNS)
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      Collection of statistical information by the European Central Bank
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