2014/0808(CNS) | [ParlTrack]

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

Role	Committee	Rapporteur	Shadows
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

Subjects

Links

Activites

2015/03/07 Final act published in Official Journal
- Regulation 2015/373
- OJ L 064 07.03.2015, p. 0006
#3372
2015/03/05 Council Meeting
2015/03/05 End of procedure in Parliament
2015/03/05 Act adopted by Council after consultation of Parliament
2014/11/26 Results of vote in Parliament
- Results of vote in Parliament
- 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.
2014/11/25 Debate in Parliament
- Debate in Parliament
2014/11/12 Committee report tabled for plenary, 1st reading/single reading
- 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.
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
  
  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

Legislative proposal published: 11200/2014
Committee report tabled for plenary, 1st reading/single reading: A8-0027/2014
Debate in Parliament: Debate in Parliament
Results of vote in Parliament: Results of vote in Parliament
Decision by Parliament, 1st reading/single reading: T8-0061/2014
: Regulation 2015/373
: OJ L 064 07.03.2015, p. 0006

Amendments	Dossier
19	2014/0808(CNS) 2014/10/20 ECON 19 amendments... Amendment 10 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point 2 Regulation (EC) No 2533/98 Article 6 – paragraph 1 – point b 2. In Article 6(1), point (b) is replaced by the following: “(b) examine the books and records of the reporting agents;, including raw data;" Amendment 11 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point 3 (new) Regulation (EC) No 2533/98 Article 6 – paragraph 1 – point e (new) 3. In Article 6(1), the following point is added: "(e) run comparative statistical analysis." Amendment 12 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point 4 (new) Regulation (EC) No 2533/98 Article 6 – paragraph 7 (new) 4. In Article 6, the following paragraph is added: "7. In the case of infringement, the ECB shall produce a written report. The report shall be made public." Amendment 13 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point 1 (new) Regulation (EC) No 2533/98 Article 7 – paragraph 2 – point b 1. Article 7 of Regulation (EC) No 2533/98 is amended as follows: In paragraph 2, point (b) is replaced by the following: “(b) the statistical information is falsified, manipulated, incorrect, incomplete or in a form not complying with the requirement.” Amendment 14 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point 2 (new) Regulation (EC) No 2533/98 Article 7 – paragraph 3 2. Paragraph 3 is replaced by the following: “3. The obligation to allow the ECB and the national central banks to verify the accuracy and quality of the statistical information submitted by reporting agents to the ECB or national central bank shall be deemed to have been infringed whenever a reporting agent obstructs this activity. Such obstruction includes, but is not limited to, the falsification and/or removal of documents and prevention of physical access by the ECB or the national central bank which is necessary for them to carry out their verification task or compulsory collection.” Amendment 15 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point -1 – point 3 (new) Regulation (EC) No 2533/98 Article 7– paragraph 4 – point a 3. In paragraph 4, point (a) is replaced by the following: “(a) in the event of an infringement as defined in paragraph 2(a), a daily penalty payment not exceeding EUR 100 000, with the total fine not exceeding EUR 1 000 000;" Amendment 16 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point -1 – point 4 (new) Regulation (EC) No 2533/98 Article 7 – paragraph 4 – point b 4. In paragraph 4, point (b) is replaced by the following: “(b) in the event of an infringement as defined in paragraph 2(b), a fine not exceeding EUR 200 000 when the statistical information provided is incorrect, incomplete or in a form not complying with the requirement, and a fine not exceeding EUR 21 500 000 when the statistical information provided is falsified or manipulated; and" Amendment 17 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point -1 – point 5 (new) Regulation (EC) No 2533/98 Article 7 – paragraph 4 – point c 5. In paragraph 4, point (c) is replaced by the following: “(c) in the event of an infringement as defined in paragraph 3, a fine not exceeding EUR 2 000 000." Amendment 18 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point -1 – point 6 (new) Regulation (EC) No 2533/98 Article 7 – paragraph 6 6. Paragraph 6 is replaced by the following: “6. In exercising the powers provided for in this Article the ECB shall act in accordance with the principles and procedures as set out in the Council Regulation (EC) concerning the powers of the European Central Bank to impose sanctions and in Regulation (EU) No 1024/2013". Amendment 19 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point -1 – point 7 (new) Regulation (EC) No 2533/98 Article 7 – paragraph 6 a (new) 7. The following paragraph is added: "6a. The proceeds from the sanctions set out in paragraph 4 shall belong to the Bank Resolution Fund. Alternatively, they shall become an own resource of the Union". Amendment 20 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph 1 – point -1 – point 8 (new) Regulation (EC) No 2533/98 Article 7 – paragraph 6b (new) 8. The following paragraph is added: "6b. The ECB shall update the fines set out in paragraph 4 every five years in accordance with the inflation rate of the euro area." Amendment 21 # Roberto GUALTIERI Draft regulation Article 1 – point 3a (new) Regulation (EC) No 2533/98 Article 8 – paragraph 4b (new) 3a. The following paragraph is inserted: "4b.Within their respective spheres of competence, the authorities or bodies of the Member States and of the Union responsible for the supervision of financial institutions, markets and infrastructures or the stability of the financial system in accordance with Union or national law, to which confidential statistical information is transmitted in accordance with paragraph 4a, shall take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of confidential statistical information. The Member States shall ensure that any confidential statistical information which is transmitted to the ESM in accordance with paragraph 4a is subject to all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of confidential statistical information." Amendment 3 # Georgios KYRTSOS Draft legislative resolution Citation 2 a (new) - having regard to the Memorandum of Understanding on the cooperation between the Members of the European Statistical System and the Members of the European System of Central Banks of 24 April 2013, Amendment 4 # Jonás FERNÁNDEZ Draft regulation Article 1 – point -1 – point 1 (new) Regulation (EC) 2533/98 Article 3 – paragraph 1 – point c 1. In the first paragraph of Article 3, point (c) is replaced by the following: "(c) may fully or partly exempt specific classes of reporting agents from its statistical reporting requirements. Any exemption of specific classes of reporting agents shall adopt the form of a motivated written decision. This decision shall be made public." Amendment 5 # Burkhard BALZ Draft regulation Article 1 – point -1 – point 1 (new) Regulation (EC) No 2533/98 Article 3 – paragraph 1 – point d (new) 1. In the first paragraph of Article 3, the following point is added: “(d) shall take into account relevant provisions in the Union legislation on the market coverage and the scope of data collection.” Amendment 6 # Burkhard BALZ Draft regulation Article 1 – point -1 – point 2 (new) Regulation (EC) No 2533/98 Article 3 – paragraph 1a (new) 2. In Article 3, the following paragraph is inserted after the first paragraph: "Economic agents shall be allowed to submit information through their regular reporting channel." Amendment 7 # Jonás FERNÁNDEZ Draft regulation Article 1 – paragraph -1a – point 1 (new) 1. Article 4 is replaced by the following: “Article 4 Obligations of Member States Member States shall organise themselves in the field of statistics and shall fully cooperate with the ESCB in order to ensure the fulfilment of the obligations arising out of Article 5 of the Statute. The ECB shall carry out information and training workshops as needed with reporting agents regarding reporting requirements." Amendment 8 # Burkhard BALZ Draft regulation Article 1 – point -1b – point 1 (new) Regulation (EC) No 2533/98 Article 5 – paragraph 1 1. In Article 5, paragraph 1 is replaced by the following: "1. The ECB may adopt regulations for the definition and imposition of its statistical reporting requirements on the actual reporting population of participating Member States. The ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements." Amendment 9 # Jonás FERNÁNDEZ Draft regulation Article 1 – point -1b – point 1 (new) Regulation (EC) No 2533/98 Article 6 – paragraph 1 – introductory part 1. In Article 6(1), the introductory part is replaced by the following: “1. If a reporting agent residing in a participating Member State is suspected of an infringement, as set out in Article 7(2), of the ECB’s statistical reporting requirements, the ECB and, in accordance with Article 5.2 of the Statute, the national central bank of the participating Member State concerned shall have the right to verify the accuracy and quality of the statistical information and to carry out its compulsory collection. However, should the statistical information concerned be necessary in order to demonstrate compliance with minimum reserve requirements, the verification should be carried out in accordance with Article 6 of Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank (10). The right to verify statistical information or to carry out compulsory collection thereof shall comprise in particular the right to:” source: 541.325

Amendments

Dossier

2014/0808(CNS)

2014/10/20 ECON 19 amendments...

Amendment 10 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point 2

Regulation (EC) No 2533/98
Article 6 – paragraph 1 – point b

2. In Article 6(1), point (b) is replaced by the following: “(b) examine the books and records of the reporting agents;, including raw data;"

Amendment 11 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point 3 (new)

Regulation (EC) No 2533/98
Article 6 – paragraph 1 – point e (new)

3. In Article 6(1), the following point is added: "(e) run comparative statistical analysis."

Amendment 12 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point 4 (new)

Regulation (EC) No 2533/98
Article 6 – paragraph 7 (new)

4. In Article 6, the following paragraph is added: "7. In the case of infringement, the ECB shall produce a written report. The report shall be made public."

Amendment 13 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point 1 (new)

Regulation (EC) No 2533/98
Article 7 – paragraph 2 – point b

1. Article 7 of Regulation (EC) No 2533/98 is amended as follows: In paragraph 2, point (b) is replaced by the following: “(b) the statistical information is falsified, manipulated, incorrect, incomplete or in a form not complying with the requirement.”

Amendment 14 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point 2 (new)

Regulation (EC) No 2533/98
Article 7 – paragraph 3

2. Paragraph 3 is replaced by the following: “3. The obligation to allow the ECB and the national central banks to verify the accuracy and quality of the statistical information submitted by reporting agents to the ECB or national central bank shall be deemed to have been infringed whenever a reporting agent obstructs this activity. Such obstruction includes, but is not limited to, the falsification and/or removal of documents and prevention of physical access by the ECB or the national central bank which is necessary for them to carry out their verification task or compulsory collection.”

Amendment 15 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point -1 – point 3 (new)

Regulation (EC) No 2533/98
Article 7– paragraph 4 – point a

3. In paragraph 4, point (a) is replaced by the following: “(a) in the event of an infringement as defined in paragraph 2(a), a daily penalty payment not exceeding EUR 100 000, with the total fine not exceeding EUR 1 000 000;"

Amendment 16 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point -1 – point 4 (new)

Regulation (EC) No 2533/98
Article 7 – paragraph 4 – point b

4. In paragraph 4, point (b) is replaced by the following: “(b) in the event of an infringement as defined in paragraph 2(b), a fine not exceeding EUR 200 000 when the statistical information provided is incorrect, incomplete or in a form not complying with the requirement, and a fine not exceeding EUR 21 500 000 when the statistical information provided is falsified or manipulated; and"

Amendment 17 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point -1 – point 5 (new)

Regulation (EC) No 2533/98
Article 7 – paragraph 4 – point c

5. In paragraph 4, point (c) is replaced by the following: “(c) in the event of an infringement as defined in paragraph 3, a fine not exceeding EUR 2 000 000."

Amendment 18 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point -1 – point 6 (new)

Regulation (EC) No 2533/98
Article 7 – paragraph 6

6. Paragraph 6 is replaced by the following: “6. In exercising the powers provided for in this Article the ECB shall act in accordance with the principles and procedures as set out in the Council Regulation (EC) concerning the powers of the European Central Bank to impose sanctions and in Regulation (EU) No 1024/2013".

Amendment 19 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point -1 – point 7 (new)

Regulation (EC) No 2533/98
Article 7 – paragraph 6 a (new)

7. The following paragraph is added: "6a. The proceeds from the sanctions set out in paragraph 4 shall belong to the Bank Resolution Fund. Alternatively, they shall become an own resource of the Union".

Amendment 20 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph 1 – point -1 – point 8 (new)

Regulation (EC) No 2533/98
Article 7 – paragraph 6b (new)

8. The following paragraph is added: "6b. The ECB shall update the fines set out in paragraph 4 every five years in accordance with the inflation rate of the euro area."

Amendment 21 #

Roberto GUALTIERI

Draft regulation
Article 1 – point 3a (new)

Regulation (EC) No 2533/98
Article 8 – paragraph 4b (new)

3a. The following paragraph is inserted: "4b.Within their respective spheres of competence, the authorities or bodies of the Member States and of the Union responsible for the supervision of financial institutions, markets and infrastructures or the stability of the financial system in accordance with Union or national law, to which confidential statistical information is transmitted in accordance with paragraph 4a, shall take all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of confidential statistical information. The Member States shall ensure that any confidential statistical information which is transmitted to the ESM in accordance with paragraph 4a is subject to all necessary regulatory, administrative, technical and organisational measures to ensure the physical and logical protection of confidential statistical information."

Amendment 3 #

Georgios KYRTSOS

Draft legislative resolution
Citation 2 a (new)

- having regard to the Memorandum of Understanding on the cooperation between the Members of the European Statistical System and the Members of the European System of Central Banks of 24 April 2013,

Amendment 4 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – point -1 – point 1 (new)

Regulation (EC) 2533/98
Article 3 – paragraph 1 – point c

1. In the first paragraph of Article 3, point (c) is replaced by the following: "(c) may fully or partly exempt specific classes of reporting agents from its statistical reporting requirements. Any exemption of specific classes of reporting agents shall adopt the form of a motivated written decision. This decision shall be made public."

Amendment 5 #

Burkhard BALZ

Draft regulation
Article 1 – point -1 – point 1 (new)

Regulation (EC) No 2533/98
Article 3 – paragraph 1 – point d (new)

1. In the first paragraph of Article 3, the following point is added: “(d) shall take into account relevant provisions in the Union legislation on the market coverage and the scope of data collection.”

Amendment 6 #

Burkhard BALZ

Draft regulation
Article 1 – point -1 – point 2 (new)

Regulation (EC) No 2533/98
Article 3 – paragraph 1a (new)

2. In Article 3, the following paragraph is inserted after the first paragraph: "Economic agents shall be allowed to submit information through their regular reporting channel."

Amendment 7 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – paragraph -1a – point 1 (new)

1. Article 4 is replaced by the following: “Article 4 Obligations of Member States Member States shall organise themselves in the field of statistics and shall fully cooperate with the ESCB in order to ensure the fulfilment of the obligations arising out of Article 5 of the Statute. The ECB shall carry out information and training workshops as needed with reporting agents regarding reporting requirements."

Amendment 8 #

Burkhard BALZ

Draft regulation
Article 1 – point -1b – point 1 (new)

Regulation (EC) No 2533/98
Article 5 – paragraph 1

1. In Article 5, paragraph 1 is replaced by the following: "1. The ECB may adopt regulations for the definition and imposition of its statistical reporting requirements on the actual reporting population of participating Member States. The ECB shall respect the principle of proportionality in the definition and imposition of statistical reporting requirements."

Amendment 9 #

Jonás FERNÁNDEZ

Draft regulation
Article 1 – point -1b – point 1 (new)

Regulation (EC) No 2533/98
Article 6 – paragraph 1 – introductory part

1. In Article 6(1), the introductory part is replaced by the following: “1. If a reporting agent residing in a participating Member State is suspected of an infringement, as set out in Article 7(2), of the ECB’s statistical reporting requirements, the ECB and, in accordance with Article 5.2 of the Statute, the national central bank of the participating Member State concerned shall have the right to verify the accuracy and quality of the statistical information and to carry out its compulsory collection. However, should the statistical information concerned be necessary in order to demonstrate compliance with minimum reserve requirements, the verification should be carried out in accordance with Article 6 of Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank (10). The right to verify statistical information or to carry out compulsory collection thereof shall comprise in particular the right to:”

source: 541.325

History

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

2019-07-06Show (14) Changes | Timetravel

activities	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 body: EC commission: type: Legislative proposal published 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 name: BALZ Burkhard group: European People's Party (Christian Democrats) abbr: PPE name: VAN OVERTVELDT Johan group: European Conservatives and Reformists abbr: ECR name: GIEGOLD Sven group: Greens/European Free Alliance abbr: Verts/ALE
committees/0	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
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
links
other
procedure/Modified legal basis	Old Rules of Procedure of the European Parliament EP 150 New Rules of Procedure EP 159
procedure/dossier_of_the_committee	Old ECON/8/00831 New ECON/8/00831
procedure/final/url	Old http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32015R0373 New https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32015R0373
procedure/instrument	Old Regulation New Regulation Amending Regulation (EC) No 2533/98 1998/0807(CNS)
procedure/subject	Old 2.50.10 Financial supervision 5.20.03 European Central Bank (ECB), ESCB New 2.50.10 Financial supervision 5.20.03 European Central Bank (ECB), ESCB
procedure/summary	Amending Regulation (EC) No 2533/98

2015-11-04Show (6) Changes | Timetravel

activities/5/docs/0	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
activities/5/type	Old Decision by Parliament, 1st reading/single reading New Results of vote in Parliament
activities/9/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
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.
procedure/final/title	Old OJ L 064 07.03.2015, p. 0006 New Regulation 2015/373
procedure/final/url	Old http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2015:064:TOC New http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32015R0373

2015-03-12Show (3) Changes | Timetravel

activities/9	date 2015-03-07T00:00:00 type Final act published in Official Journal
procedure/final	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
procedure/stage_reached	Old Procedure completed, awaiting publication in Official Journal New Procedure completed

2015-03-11Show (4) Changes | Timetravel

activities/6	date 2015-03-05T00:00:00 body CSL type Council Meeting council Transport, Telecommunications and Energy meeting_id 3372
activities/7	date 2015-03-05T00:00:00 body EP type End of procedure in Parliament
activities/8	date 2015-03-05T00:00:00 body EP/CSL type Act adopted by Council after consultation of Parliament
procedure/stage_reached	Old Awaiting final decision New Procedure completed, awaiting publication in Official Journal

2014-12-06Show (1) Changes | Timetravel

activities/5/docs/0/text

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.

2014-11-28Show (5) Changes | Timetravel

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
activities/4/type	Old Debate in plenary scheduled New Debate in Parliament
activities/5/docs	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
activities/5/type	Old Vote in plenary scheduled New Decision by Parliament, 1st reading/single reading
procedure/stage_reached	Old Awaiting Parliament 1st reading / single reading / budget 1st stage New Awaiting final decision

2014-11-21Show (1) Changes | Timetravel

activities/3/docs/0/text

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.

2014-11-15Show (1) Changes | Timetravel

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

2014-11-14Show (2) Changes | Timetravel

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
procedure/stage_reached	Old Awaiting committee decision New Awaiting Parliament 1st reading / single reading / budget 1st stage

2014-11-12Show (3) Changes | Timetravel

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
activities/2/type	Old Vote scheduled in committee, 1st reading/single reading New Vote in committee, 1st reading/single reading
procedure/Modified legal basis	Rules of Procedure of the European Parliament EP 150

2014-10-24Show (2) Changes | Timetravel

activities/3/type	Old Indicative plenary sitting date, 1st reading/single reading New Debate in plenary scheduled
activities/4	date 2014-11-26T00:00:00 body EP type Vote in plenary scheduled

2014-10-01Show (1) Changes | Timetravel

procedure/instrument

Regulation

2014-09-23Show (1) Changes | Timetravel

activities/3

date: 2014-11-25T00:00:00

body: EP

type: Indicative plenary sitting date, 1st reading/single reading

2014-09-19Show (1) Changes | Timetravel

activities/2

date: 2014-11-11T00:00:00

body: EP

type: Vote scheduled in committee, 1st reading/single reading

2014-09-18Show (2) Changes | Timetravel

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

2014-09-12Show (1) Changes | Timetravel

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.

2014-08-27Show (2) Changes | Timetravel

activities/1/committees/0/rapporteur/0/mepref	Old 4de1852c0fb8127435bdbe9d New 4f1ac8c4b819f25efd0000f0
committees/0/rapporteur/0/mepref	Old 4de1852c0fb8127435bdbe9d New 4f1ac8c4b819f25efd0000f0

2014-07-30Show (1) Changes | Timetravel

procedure/legal_basis

Treaty on the Functioning of the EU TFEU 129-p4

2014-07-26Show (4) Changes | Timetravel

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

2014-07-19Show (3) Changes | Timetravel

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
procedure/dossier_of_the_committee	ECON/8/00831
procedure/stage_reached	Old Preparatory phase in Parliament New Awaiting committee decision

2014-07-18Show (5) Changes

activities	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 2.50.10 Financial supervision 5.20.03 European Central Bank (ECB), ESCB

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