BETA

Procedure completed - delegated act enters into force



2016/2743(DEA) Criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities
RoleCommitteeRapporteurShadows
Lead ECON
Lead committee dossier: ECON/8/06570
Legal Basis RoP 105-p4

Activites

  • 2016/08/30 Delegated act not objected by Parliament
  • 2016/07/18 Delegated act not objected by Council
  • 2016/07/06 Results of vote in Parliament
  • 2016/05/25 Committee referral announced in Parliament, 1st reading/single reading
  • 2016/05/23 Initial period for examining delegated act 3 month(s)
  • 2016/05/23 Non-legislative basic document published

Documents

History

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

procedure/legal_basis/0
Old
Rules of Procedure of the European Parliament EP 105-p4
New
Rules of Procedure EP 105-p4
activities/3/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
activities/3/type
Old
Decision by Parliament, 1st reading/single reading
New
Results of vote in Parliament
activities/5
date
2016-08-30T00:00:00
body
EP/CSL
type
Delegated act not objected by Parliament
procedure/stage_reached
Old
Awaiting committee decision
New
Procedure completed - delegated act enters into force
activities/4
date
2016-07-18T00:00:00
body
EP/CSL
type
Delegated act not objected by Council
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).

activities/3
date
2016-07-06T00:00:00
body
EP
type
Decision by Parliament, 1st reading/single reading
procedure/stage_reached
Old
Awaiting Parliament 1st reading / single reading / budget 1st stage
New
Awaiting committee decision
procedure/legal_basis
  • Rules of Procedure of the European Parliament EP 105-p4
procedure/stage_reached
Old
Awaiting committee decision
New
Awaiting Parliament 1st reading / single reading / budget 1st stage
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
committees
  • body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON
links
other
    procedure
    dossier_of_the_committee
    ECON/8/06570
    reference
    2016/2743(DEA)
    title
    Criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities
    stage_reached
    Awaiting committee decision
    summary
    Supplementing
    subtype
    Examination of delegated act
    type
    DEA - Delegated acts procedure
    subject