BETA


2014/2923(DEA) Ex ante contributions to resolution financing arrangements

Progress: Procedure completed - delegated act enters into force

RoleCommitteeRapporteurShadows
Lead ECON
Lead committee dossier:
Legal Basis:
RoP 0111-p6

Events

2017/07/10
   EC - Document attached to the procedure
Documents
2017/06/13
   EC - Document attached to the procedure
Documents
2016/06/03
   EC - Document attached to the procedure
Documents
2016/01/21
   EC - Document attached to the procedure
Documents
2014/12/18
   EP - Results of vote in Parliament
2014/12/18
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament decided, by 461 votes to 165 with 1 abstention, to raise no objections to the Commission delegated regulation of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and the Council of 15 May 2014 with regard to ex ante contributions to resolution financing arrangements.

It is recalled that Directive 2014/59/EU of the European Parliament and of the Council (BRRD) establishes a framework for the recovery and resolution of credit institutions and investment firms.

An agreement was reached within the Council on the implementing regulation specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex-ante contributions to the Single Resolution Fund.

Directive 2014/59/EU empowers the Commission to adopt delegated acts in order to specify the notion of adjusting contributions in proportion to the risk profile of the institutions, taking into account certain criteria enumerated in that article. On 21 October 2014, in order to satisfy the latter empowerment, the Commission adopted the Commission delegated regulation supplementing Directive 2014/59/EU of the European Parliament and the Council of 15 May 2014 with regard to ex ante contributions to resolution financing arrangements.

Parliament considered that the smooth and timely implementation of the BRRD framework by 1 January 2015 requires that the national resolution authorities start calculating and collecting the contributions to the resolution financing arrangements as soon as possible and in any event by 1 January 2015.

This calculation and collection is to be carried out in accordance with the abovementioned delegated regulation. The delegated regulation should therefore enter into force in 2014, before the expiry of the scrutiny period by the European Parliament and the Council, which is set as of three months from the date of notification.

Documents
2014/12/15
   EP - Recommendation for early non-objection of delegated act
Documents
2014/12/15
   EP - Decision by committee, without report
2014/12/12
   CSL - Delegated act not objected by Council
2014/12/11
   EP - Amendments tabled in committee
Documents
2014/10/22
   EP - Committee referral announced in Parliament, 1st reading/single reading
2014/10/21
   EC - Non-legislative basic document
Documents
2014/10/21
   EC - Document attached to the procedure
Documents
2014/10/21
   EC - Non-legislative basic document published
Documents
2014/10/21
   EP/CSL - Initial period for examining delegated act 3 month(s)

Documents

  • Document attached to the procedure: C(2017)4950
  • Document attached to the procedure: C(2017)3905
  • Document attached to the procedure: C(2016)3487
  • Document attached to the procedure: C(2016)0329
  • Results of vote in Parliament: Results of vote in Parliament
  • Decision by Parliament, 1st reading/single reading: T8-0109/2014
  • Recommendation for early non-objection of delegated act: B8-0381/2014
  • Amendments tabled in committee: PE544.347
  • Non-legislative basic document: C(2014)07674
  • Document attached to the procedure: SWD(2014)0327
  • Non-legislative basic document published: C(2014)07674
  • Non-legislative basic document: C(2014)07674
  • Document attached to the procedure: SWD(2014)0327
  • Amendments tabled in committee: PE544.347
  • Recommendation for early non-objection of delegated act: B8-0381/2014
  • Document attached to the procedure: C(2016)0329
  • Document attached to the procedure: C(2016)3487
  • Document attached to the procedure: C(2017)3905
  • Document attached to the procedure: C(2017)4950

Votes

B8-0381/2014 - Résolution

2014/12/18 Outcome: +: 461, -: 165, 0: 1
PL DE RO IT ES GB BG CZ BE SK HU FR PT HR DK LT MT FI AT SE LV LU IE EE SI CY NL EL
Total
49
80
24
61
47
60
13
17
18
12
15
60
17
11
13
9
6
9
18
16
6
5
7
5
4
6
20
19
icon: PPE PPE
171

Denmark PPE

For (1)

1
2

Finland PPE

1

Sweden PPE

2

Luxembourg PPE

2

Estonia PPE

For (1)

1

Slovenia PPE

2
icon: S&D S&D
163
3

Belgium S&D

3
3

Croatia S&D

2

Malta S&D

3

Latvia S&D

1

Luxembourg S&D

For (1)

1

Cyprus S&D

2

Netherlands S&D

For (1)

1

Greece S&D

2
icon: ALDE ALDE
61

Romania ALDE

3

United Kingdom ALDE

1

Croatia ALDE

2

Denmark ALDE

3

Austria ALDE

For (1)

1

Sweden ALDE

2

Luxembourg ALDE

For (1)

1

Ireland ALDE

For (1)

1

Estonia ALDE

3

Slovenia ALDE

For (1)

1
icon: ECR ECR
60

Bulgaria ECR

1

Czechia ECR

2

Croatia ECR

For (1)

1

Lithuania ECR

1

Finland ECR

For (1)

1

Netherlands ECR

2

Greece ECR

Against (1)

1
icon: NI NI
44

Germany NI

Abstain (1)

1

United Kingdom NI

For (1)

1

Belgium NI

Against (1)

1

Hungary NI

2

Latvia NI

1

Netherlands NI

4
icon: EFDD EFDD
39

Poland EFDD

1

Czechia EFDD

Against (1)

1

France EFDD

Against (1)

1

Sweden EFDD

2
icon: GUE/NGL GUE/NGL
42

Italy GUE/NGL

3

United Kingdom GUE/NGL

Against (1)

1

Czechia GUE/NGL

Against (1)

1

France GUE/NGL

2

Denmark GUE/NGL

Against (1)

1

Finland GUE/NGL

Against (1)

1

Sweden GUE/NGL

Against (1)

1

Ireland GUE/NGL

Against (2)

2

Cyprus GUE/NGL

2

Netherlands GUE/NGL

2
icon: Verts/ALE Verts/ALE
47

United Kingdom Verts/ALE

4

Belgium Verts/ALE

2

Hungary Verts/ALE

2

Croatia Verts/ALE

Against (1)

1

Denmark Verts/ALE

Against (1)

1

Lithuania Verts/ALE

Against (1)

1

Finland Verts/ALE

Against (1)

1

Austria Verts/ALE

3

Sweden Verts/ALE

3

Latvia Verts/ALE

Against (1)

1

Luxembourg Verts/ALE

Against (1)

1

Estonia Verts/ALE

Against (1)

1

Slovenia Verts/ALE

Against (1)

1

Netherlands Verts/ALE

2

History

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

committees/0/date
    activities
    • date: 2014-10-21T00:00:00 body: EP/CSL type: Initial period for examining delegated act 3 month(s)
    • date: 2014-10-21T00:00:00 docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/actes_delegues/2014/07674/COM_ADL(2014)07674_EN.pdf type: Non-legislative basic document published title: C(2014)07674 body: EC commission: type: Non-legislative basic document published
    • date: 2014-10-22T00:00:00 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
    • date: 2014-12-12T00:00:00 body: EP/CSL type: Delegated act not objected by Council
    • date: 2014-12-15T00:00:00 body: EP type: Decision by committee, without report
    • date: 2014-12-18T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=25064&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-2014-0109 type: Decision by Parliament, 1st reading/single reading title: T8-0109/2014 body: EP type: Results of vote in Parliament
    committees/0
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    • date: 2014-10-21T00:00:00 docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/actes_delegues/2014/07674/COM_ADL(2014)07674_EN.pdf title: C(2014)07674 type: Non-legislative basic document body: EC
    • date: 2014-10-21T00:00:00 docs: title: SWD(2014)0327 type: Document attached to the procedure body: EC
    • date: 2014-12-11T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE544.347 title: PE544.347 type: Amendments tabled in committee body: EP
    • date: 2014-12-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B8-2014-0381&language=EN title: B8-0381/2014 type: Recommendation for early non-objection of delegated act body: EP
    • date: 2016-01-21T00:00:00 docs: title: C(2016)0329 type: Document attached to the procedure body: EC
    • date: 2016-06-03T00:00:00 docs: title: C(2016)3487 type: Document attached to the procedure body: EC
    • date: 2017-06-13T00:00:00 docs: title: C(2017)3905 type: Document attached to the procedure body: EC
    • date: 2017-07-10T00:00:00 docs: title: C(2017)4950 type: Document attached to the procedure body: EC
    events
    • date: 2014-10-21T00:00:00 type: Non-legislative basic document published body: EC docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/actes_delegues/2014/07674/COM_ADL(2014)07674_EN.pdf title: C(2014)07674
    • date: 2014-10-21T00:00:00 type: Initial period for examining delegated act 3 month(s) body: EP/CSL
    • date: 2014-10-22T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
    • date: 2014-12-12T00:00:00 type: Delegated act not objected by Council body: CSL
    • date: 2014-12-15T00:00:00 type: Decision by committee, without report body: EP
    • date: 2014-12-18T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=25064&l=en title: Results of vote in Parliament
    • date: 2014-12-18T00:00:00 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-2014-0109 title: T8-0109/2014 summary: The European Parliament decided, by 461 votes to 165 with 1 abstention, to raise no objections to the Commission delegated regulation of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and the Council of 15 May 2014 with regard to ex ante contributions to resolution financing arrangements. It is recalled that Directive 2014/59/EU of the European Parliament and of the Council (BRRD) establishes a framework for the recovery and resolution of credit institutions and investment firms. An agreement was reached within the Council on the implementing regulation specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex-ante contributions to the Single Resolution Fund. Directive 2014/59/EU empowers the Commission to adopt delegated acts in order to specify the notion of adjusting contributions in proportion to the risk profile of the institutions, taking into account certain criteria enumerated in that article. On 21 October 2014, in order to satisfy the latter empowerment, the Commission adopted the Commission delegated regulation supplementing Directive 2014/59/EU of the European Parliament and the Council of 15 May 2014 with regard to ex ante contributions to resolution financing arrangements. Parliament considered that the smooth and timely implementation of the BRRD framework by 1 January 2015 requires that the national resolution authorities start calculating and collecting the contributions to the resolution financing arrangements as soon as possible and in any event by 1 January 2015. This calculation and collection is to be carried out in accordance with the abovementioned delegated regulation. The delegated regulation should therefore enter into force in 2014, before the expiry of the scrutiny period by the European Parliament and the Council, which is set as of three months from the date of notification.
    links
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      • The European Parliament decided, by 461 votes to 165 with 1 abstention, to raise no objections to the Commission delegated regulation of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and the Council of 15 May 2014 with regard to ex ante contributions to resolution financing arrangements.

        It is recalled that Directive 2014/59/EU of the European Parliament and of the Council (BRRD) establishes a framework for the recovery and resolution of credit institutions and investment firms.

        An agreement was reached within the Council on the implementing regulation specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex-ante contributions to the Single Resolution Fund.

        Directive 2014/59/EU empowers the Commission to adopt delegated acts in order to specify the notion of adjusting contributions in proportion to the risk profile of the institutions, taking into account certain criteria enumerated in that article. On 21 October 2014, in order to satisfy the latter empowerment, the Commission adopted the Commission delegated regulation supplementing Directive 2014/59/EU of the European Parliament and the Council of 15 May 2014 with regard to ex ante contributions to resolution financing arrangements.

        Parliament considered that the smooth and timely implementation of the BRRD framework by 1 January 2015 requires that the national resolution authorities start calculating and collecting the contributions to the resolution financing arrangements as soon as possible and in any event by 1 January 2015.

        This calculation and collection is to be carried out in accordance with the abovementioned delegated regulation. The delegated regulation should therefore enter into force in 2014, before the expiry of the scrutiny period by the European Parliament and the Council, which is set as of three months from the date of notification.

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        title
        Ex ante contributions to resolution financing arrangements
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