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2016/2743(DEA) Criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities

Progress: Procedure completed - delegated act enters into force

RoleCommitteeRapporteurShadows
Lead ECON
Lead committee dossier:
Legal Basis:
RoP 114-p03

Events

2016/08/30
   EP - Delegated act not objected by Parliament
2016/07/18
   CSL - Delegated act not objected by Council
2016/07/06
   EP - Results of vote in Parliament
Documents
Results of vote in Parliament
2016/07/06
   EP - Decision by Parliament
Details

The European Parliament, rejected by 137 votes to 488 with 57 abstentions, a motion for a resolution on the Commission delegated regulation of 23 May 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities. Qualified majority was needed for the adoption of the motion for a resolution.

This motion for a resolution, tabled on behalf of the Greens/EFA, called on the Parliament to object to the Commission delegated regulation supplementing Directive 2014/58/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities.

The Member who initiated the draft resolution called on the Commission to submit a new delegated act taking account of the recommendation to explicitly maintain in the delegated regulation the assessment, for systemic institutions, of whether the burden-sharing requirements as established by Article 44(5) of Directive 2014/59/EU could be met (according to which shareholders and creditors should make a contribution to loss absorption and recapitalisation of no less than 8 % of total liabilities including own funds).

The motion for a resolution recommended that the following be maintained in the delegated regulation: (a) the test for downward adjustments to the recapitalisation amount and peer group reference for systemic institutions; (b) the 48-month limit for the transitional period. The Commission deleted two provisions contained in the draft standards submitted by the European Banking Authority, which are important for the implementation of the minimum requirement for own funds and eligible liabilities (MREL).

2016/06/29
   EP - Motion for a resolution objecting delegated act
Documents
B8-0868/2016
2016/05/25
   EP - Committee referral announced in Parliament
2016/05/23
   EC - Non-legislative basic document
Documents
C(2016)02976
2016/05/23
   EC - Non-legislative basic document published
Documents
C(2016)02976
2016/05/23
   EP/CSL - Initial period for examining delegated act 3 month(s)

Documents

Activities

Votes

B8-0868/2016 - Résolution #

2016/07/06 Outcome: -: 488, +: 137, 0: 57
CY IE EL EE LU SI LV MT LT HR DK AT FR SE SK NL FI HU CZ BE PT BG DE ES GB RO IT PL
Total
5
10
20
6
6
8
8
6
10
9
12
18
70
12
11
24
12
21
19
19
20
15
85
51
59
28
71
46
icon: GUE/NGL GUE/NGL
50

Cyprus GUE/NGL

2

Ireland GUE/NGL

4

Greece GUE/NGL

6

Denmark GUE/NGL

For (1)

Rina Ronja KARI
1

France GUE/NGL

Abstain (1)

Younous OMARJEE
3

Sweden GUE/NGL

For (1)

Malin BJÖRK
1

Netherlands GUE/NGL

3

Finland GUE/NGL

For (1)

Merja KYLLÖNEN
1

Czechia GUE/NGL

3

Portugal GUE/NGL

For (1)

Marisa MATIAS
4

Germany GUE/NGL

7

Spain GUE/NGL

11

United Kingdom GUE/NGL

1

Italy GUE/NGL

3
icon: Verts/ALE Verts/ALE
42

Estonia Verts/ALE

For (1)

Indrek TARAND
1

Luxembourg Verts/ALE

For (1)

Claude TURMES
1

Slovenia Verts/ALE

For (1)

Igor ŠOLTES
1

Latvia Verts/ALE

1

Lithuania Verts/ALE

For (1)

Bronis ROPĖ
1

Croatia Verts/ALE

For (1)

Davor ŠKRLEC
1

Denmark Verts/ALE

For (1)

Margrete AUKEN
1

Austria Verts/ALE

3

France Verts/ALE

6

Netherlands Verts/ALE

2

Hungary Verts/ALE

2

Belgium Verts/ALE

2

Germany Verts/ALE

12

Spain Verts/ALE

4

United Kingdom Verts/ALE

4
icon: ENF ENF
34

Austria ENF

4

France ENF

19

Netherlands ENF

3

Belgium ENF

Against (1)

Gerolf ANNEMANS
1

United Kingdom ENF

Abstain (1)

Janice ATKINSON
1

Romania ENF

Against (1)

Laurenţiu REBEGA
1

Italy ENF

4

Poland ENF

Against (1)

Stanisław ŻÓŁTEK
1
icon: EFDD EFDD
43

Lithuania EFDD

Abstain (1)

Rolandas PAKSAS
1

France EFDD

1

Sweden EFDD

Abstain (1)

Kristina WINBERG
1

Czechia EFDD

Abstain (1)

Petr MACH
1

Germany EFDD

Abstain (1)

Beatrix von STORCH
1

United Kingdom EFDD

20

Italy EFDD

17

Poland EFDD

1
icon: NI NI
16

Greece NI

5

France NI

Against (1)

Aymeric CHAUPRADE
3

Hungary NI

3

Germany NI

2

United Kingdom NI

Against (1)

Diane DODDS
1

Italy NI

Against (1)

Renato SORU
1

Poland NI

Against (1)

Janusz KORWIN-MIKKE
1
icon: ECR ECR
57

Cyprus ECR

Against (1)

Eleni THEOCHAROUS
1

Greece ECR

For (1)

Notis MARIAS
1

Latvia ECR

Against (1)

Roberts ZĪLE
1

Lithuania ECR

Against (1)

Waldemar TOMASZEWSKI
1

Croatia ECR

Against (1)

Ruža TOMAŠIĆ
1

Denmark ECR

3

Slovakia ECR

2

Netherlands ECR

2

Finland ECR

2

Czechia ECR

2

Belgium ECR

3

Bulgaria ECR

Against (1)

Angel DZHAMBAZKI
1

Germany ECR

5

United Kingdom ECR

For (1)

James NICHOLSON
13

Romania ECR

Against (1)

Monica MACOVEI
1

Italy ECR

2

Poland ECR

16
icon: ALDE ALDE
64

Ireland ALDE

Against (1)

Marian HARKIN
1

Estonia ALDE

3

Luxembourg ALDE

Against (1)

Charles GOERENS
1

Slovenia ALDE

Against (1)

Ivo VAJGL
1

Latvia ALDE

1

Lithuania ALDE

3

Croatia ALDE

2

Denmark ALDE

3

Austria ALDE

Against (1)

Angelika MLINAR
1

France ALDE

7

Sweden ALDE

2

Netherlands ALDE

7

Finland ALDE

4

Czechia ALDE

4

Belgium ALDE

5

Portugal ALDE

2

Bulgaria ALDE

3

Germany ALDE

3

Spain ALDE

8

United Kingdom ALDE

Against (1)

Catherine BEARDER
1

Romania ALDE

2
icon: S&D S&D
175

Cyprus S&D

Against (1)

Costas MAVRIDES
1

Ireland S&D

Against (1)

Nessa CHILDERS
1

Greece S&D

4

Estonia S&D

Against (1)

Marju LAURISTIN
1

Luxembourg S&D

Against (1)

Mady DELVAUX
1

Slovenia S&D

Against (1)

Tanja FAJON
1

Latvia S&D

Against (1)

Andrejs MAMIKINS
1

Malta S&D

3

Lithuania S&D

2

Croatia S&D

2

Denmark S&D

3

Austria S&D

5

France S&D

12

Sweden S&D

5

Slovakia S&D

For (1)

Monika BEŇOVÁ
3

Netherlands S&D

Against (1)

Kati PIRI
3

Finland S&D

2

Hungary S&D

4

Czechia S&D

3

Belgium S&D

Abstain (1)

Maria ARENA
4

Portugal S&D

8

Bulgaria S&D

4

Germany S&D

24

Spain S&D

13

United Kingdom S&D

Abstain (1)

Paul BRANNEN
18

Romania S&D

13

Italy S&D

29

Poland S&D

5
icon: PPE PPE
200

Cyprus PPE

Against (1)

Lefteris CHRISTOFOROU
1

Ireland PPE

4

Greece PPE

4

Estonia PPE

Against (1)

Tunne KELAM
1

Luxembourg PPE

3

Slovenia PPE

5

Latvia PPE

4

Malta PPE

3

Lithuania PPE

2

Croatia PPE

3

Denmark PPE

Against (1)

Bendt BENDTSEN
1

Austria PPE

5

France PPE

19

Sweden PPE

3

Slovakia PPE

6

Netherlands PPE

4

Finland PPE

3

Hungary PPE

12

Czechia PPE

6

Belgium PPE

For (1)

Claude ROLIN
4

Portugal PPE

6

Bulgaria PPE

7

Germany PPE

31

Spain PPE

15

Romania PPE

11

Italy PPE

15

Poland PPE

22

History

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

2024-10-13Show (2) Changes | Timetravel
procedure/legal_basis/0
Rules of Procedure EP 114-p03
procedure/legal_basis/0
Rules of Procedure EP 111-p03
2024-10-12Show (2) Changes | Timetravel
procedure/legal_basis/0
Rules of Procedure EP 114-p03
procedure/legal_basis/0
Rules of Procedure EP 111-p03
2021-05-03Show (2) Changes | Timetravel
events/2/body
EP
events/4/body
EP
2021-04-24Show (4) Changes | Timetravel
events/2
date
2016-05-25T00:00:00
type
Committee referral announced in Parliament
events/2
date
2016-05-25T00:00:00
type
Committee referral announced in Parliament, 1st reading/single reading
body
EP
events/4
date
2016-07-06T00:00:00
type
Decision by Parliament
summary
events/4
date
2016-07-06T00:00:00
type
Decision by Parliament, 1st reading/single reading
body
EP
summary
2021-02-16Show (1) Changes | Timetravel
docs/1/docs/0/url
Old
http://www.europarl.europa.eu/doceo/document/B-8-2016-0868_EN.html
New
https://www.europarl.europa.eu/doceo/document/B-8-2016-0868_EN.html
2020-01-05Show (1) Changes | Timetravel
docs/1/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B8-2016-0868&language=EN
New
http://www.europarl.europa.eu/doceo/document/B-8-2016-0868_EN.html
2019-08-07Show (1) Changes | Timetravel
committees/0/date
    2019-07-06Show (12) Changes | Timetravel
    activities
    • date: 2016-05-23T00:00:00 body: EP/CSL type: Initial period for examining delegated act 3 month(s)
    • date: 2016-05-23T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2016/02976/COM_ADL(2016)02976_EN.pdf type: Non-legislative basic document published title: C(2016)02976 body: EC commission: type: Non-legislative basic document published
    • date: 2016-05-25T00:00:00 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: 2016-07-06T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=27438&l=en type: Results of vote in Parliament title: Results of vote in Parliament body: EP type: Results of vote in Parliament
    • date: 2016-07-18T00:00:00 body: EP/CSL type: Delegated act not objected by Council
    • date: 2016-08-30T00:00:00 body: EP/CSL type: Delegated act not objected by Parliament
    committees/0
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    Responsible Committee
    body
    EP
    associated
    False
    committee_full
    Economic and Monetary Affairs
    committee
    ECON
    date
    committees/0
    body
    EP
    responsible
    True
    committee_full
    Economic and Monetary Affairs
    committee
    ECON
    docs
    • date: 2016-05-23T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2016/02976/COM_ADL(2016)02976_EN.pdf title: C(2016)02976 type: Non-legislative basic document body: EC
    • date: 2016-06-29T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B8-2016-0868&language=EN title: B8-0868/2016 type: Motion for a resolution objecting delegated act body: EP
    events
    • date: 2016-05-23T00:00:00 type: Non-legislative basic document published body: EC docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2016/02976/COM_ADL(2016)02976_EN.pdf title: C(2016)02976
    • date: 2016-05-23T00:00:00 type: Initial period for examining delegated act 3 month(s) body: EP/CSL
    • date: 2016-05-25T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
    • date: 2016-07-06T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=27438&l=en title: Results of vote in Parliament
    • date: 2016-07-06T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP summary: The European Parliament, rejected by 137 votes to 488 with 57 abstentions, a motion for a resolution on the Commission delegated regulation of 23 May 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities. Qualified majority was needed for the adoption of the motion for a resolution. This motion for a resolution, tabled on behalf of the Greens/EFA, called on the Parliament to object to the Commission delegated regulation supplementing Directive 2014/58/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities. The Member who initiated the draft resolution called on the Commission to submit a new delegated act taking account of the recommendation to explicitly maintain in the delegated regulation the assessment, for systemic institutions, of whether the burden-sharing requirements as established by Article 44(5) of Directive 2014/59/EU could be met (according to which shareholders and creditors should make a contribution to loss absorption and recapitalisation of no less than 8 % of total liabilities including own funds). The motion for a resolution recommended that the following be maintained in the delegated regulation: (a) the test for downward adjustments to the recapitalisation amount and peer group reference for systemic institutions; (b) the 48-month limit for the transitional period. The Commission deleted two provisions contained in the draft standards submitted by the European Banking Authority, which are important for the implementation of the minimum requirement for own funds and eligible liabilities (MREL).
    • date: 2016-07-18T00:00:00 type: Delegated act not objected by Council body: CSL
    • date: 2016-08-30T00:00:00 type: Delegated act not objected by Parliament body: EP
    links
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      body
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      2016-07-14Show (1) Changes | Timetravel
      activities/3/text

      • The European Parliament, rejected by 137 votes to 488 with 57 abstentions, a motion for a resolution on the Commission delegated regulation of 23 May 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities. Qualified majority was needed for the adoption of the motion for a resolution.

        This motion for a resolution, tabled on behalf of the Greens/EFA, called on the Parliament to object to the Commission delegated regulation supplementing Directive 2014/58/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities.

        The Member who initiated the draft resolution called on the Commission to submit a new delegated act taking account of the recommendation to explicitly maintain in the delegated regulation the assessment, for systemic institutions, of whether the burden-sharing requirements as established by Article 44(5) of Directive 2014/59/EU could be met (according to which shareholders and creditors should make a contribution to loss absorption and recapitalisation of no less than 8 % of total liabilities including own funds).

        The motion for a resolution recommended that the following be maintained in the delegated regulation: (a) the test for downward adjustments to the recapitalisation amount and peer group reference for systemic institutions; (b) the 48-month limit for the transitional period. The Commission deleted two provisions contained in the draft standards submitted by the European Banking Authority, which are important for the implementation of the minimum requirement for own funds and eligible liabilities (MREL).
      2016-07-08Show (2) Changes | Timetravel
      activities/3
      date
      2016-07-06T00:00:00
      body
      EP
      type
      Decision by Parliament, 1st reading/single reading
      procedure/stage_reached
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      Awaiting Parliament 1st reading / single reading / budget 1st stage
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      Awaiting committee decision
      2016-06-30Show (2) Changes | Timetravel
      procedure/legal_basis
      • Rules of Procedure of the European Parliament EP 105-p4
      procedure/stage_reached
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      2016-06-10Show (5) Changes
      activities
      • date: 2016-05-23T00:00:00 body: EP/CSL type: Initial period for examining delegated act 3 month(s)
      • date: 2016-05-23T00:00:00 docs: url: http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2016/02976/COM_ADL(2016)02976_EN.pdf type: Non-legislative basic document published title: C(2016)02976 type: Non-legislative basic document published body: EC commission:
      • date: 2016-05-25T00:00:00 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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        2016/2743(DEA)
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        Criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities
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