BETA

Awaiting Parliament 1st reading / single reading / budget 1st stage



2014/0808(CNS) Collection of statistical information by the European Central Bank
RoleCommitteeRapporteurShadows
Lead ECON GUALTIERI Roberto (S&D) BALZ Burkhard (EPP), VAN OVERTVELDT Johan (ECR), GIEGOLD Sven (Verts/ALE)
Lead committee dossier: ECON/8/00831
Legal Basis TFEU 129-p4

Activites

  • 2014/11/26 Vote in plenary scheduled
  • 2014/11/25 Debate in plenary scheduled
  • 2014/11/12 Committee report tabled for plenary, 1st reading/single reading
    • A8-0027/2014 summary
  • 2014/11/11 Vote in committee, 1st reading/single reading
  • 2014/07/17 Committee referral announced in Parliament, 1st reading/single reading
  • 2014/06/20 Legislative proposal published
    • 11200/2014 summary

Documents

  • Legislative proposal published: 11200/2014
  • Committee report tabled for plenary, 1st reading/single reading: A8-0027/2014
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)

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.

activities/3/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
activities/3
date
2014-11-12T00:00:00
body
EP
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
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activities/2/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
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Rules of Procedure of the European Parliament EP 150
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2014-11-26T00:00:00
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Regulation
activities/3
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2014-11-25T00:00:00
body
EP
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Indicative plenary sitting date, 1st reading/single reading
activities/2
date
2014-11-11T00:00:00
body
EP
type
Vote scheduled in committee, 1st reading/single reading
activities/1/committees/0/shadows
  • group: EPP name: BALZ Burkhard
  • group: ECR name: VAN OVERTVELDT Johan
  • group: Verts/ALE name: GIEGOLD Sven
committees/0/shadows
  • group: EPP name: BALZ Burkhard
  • group: ECR name: VAN OVERTVELDT Johan
  • group: Verts/ALE name: GIEGOLD Sven
activities/0/docs/0/text
  • 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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procedure/legal_basis
  • Treaty on the Functioning of the EU TFEU 129-p4
activities/1/committees/0/date
2014-07-22T00:00:00
activities/1/committees/0/rapporteur
  • group: S&D name: GUALTIERI Roberto
committees/0/date
2014-07-22T00:00:00
committees/0/rapporteur
  • group: S&D name: GUALTIERI Roberto
activities/1
date
2014-07-17T00:00:00
body
EP
type
Committee referral announced in Parliament, 1st reading/single reading
committees
body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON
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ECON/8/00831
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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:
committees
  • body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON
links
other
    procedure
    reference
    2014/0808(CNS)
    title
    Collection of statistical information by the European Central Bank
    stage_reached
    Preparatory phase in Parliament
    summary
    Amending Regulation (EC) No 2533/98
    subtype
    Legislation
    type
    CNS - Consultation procedure
    subject