2017/0326(COD)

European Banking Authority (EBA): location of the seat

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

2017/0326(COD) European Banking Authority (EBA): location of the seat
RoleCommitteeRapporteurShadows
Opinion AFCO CASTALDO Fabio Massimo (EFD)
Opinion BUDG GEIER Jens (S&D)
Lead ECON BALZ Burkhard (EPP), BERÈS Pervenche (S&D) LOONES Sander (ECR), KLINZ Wolf (ALDE), PAPADIMOULIS Dimitrios (GUE/NGL), GIEGOLD Sven (Verts/ALE)
Opinion JURI
Lead committee dossier: ECON/8/11693
Legal Basis TFEU TFEU 114
Subjects
Links

Activites

  • 2018/04/27 Committee report tabled for plenary, 1st reading/single reading
    • A8-0153/2018 summary
    • AFCO CASTALDO Fabio Massimo EFD
    • BUDG GEIER Jens S&D
    • ECON ECON/8/11693 BALZ Burkhard EPP BERÈS Pervenche S&D,
    • JURI
  • 2018/04/24 Vote in committee, 1st reading/single reading
  • 2018/04/23 Committee decision to open interinstitutional negotiations with report adopted in committee
  • 2017/12/11 Committee referral announced in Parliament, 1st reading/single reading
  • 2017/11/29 Legislative proposal published
    • COM(2017)0734 summary
    • DG {u'url': u'http://ec.europa.eu/info/departments/financial-stability-financial-services-and-capital-markets-union_en', u'title': u'Financial Stability, Financial Services and Capital Markets Union'}, DOMBROVSKIS Valdis

Documents

  • Legislative proposal published: COM(2017)0734
  • Committee report tabled for plenary, 1st reading/single reading: A8-0153/2018

Votes

A8-0153/2018 - Othmar Karas et Pervenche Berès - Am 2

2018/10/25
Position Total ALDE ECR EFDD ENF GUE/NGL NI PPE S&D Verts/ALE correctional
For 462 53 33 6 15 28 4 156 130 37 0
Against 48 0 5 26 10 3 4 0 0 0 0
Abstain 40 1 16 2 4 0 3 0 12 2 0
AmendmentsDossier
6 2017/0326(COD) European Banking Authority (EBA): location of the seat
2018/01/22 ECON, ECON 4 amendments...
source: PE-616.660
2018/02/08 AFCO 2 amendments...
source: PE-616.916

History

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

2018-09-12
activities/0/commission/0 added
DG
Commissioner
DOMBROVSKIS Valdis
activities/0/docs/0/text added
  • PURPOSE: to relocate the seat of the European Banking Authority following the notification by the United Kingdom to the European Council of its intention to leave the Union.

    PROPOSED ACT: Regulation of the European Parliament and of the Council.

    ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.

    BACKGROUND: in accordance with Regulation (EU) No 1093/2010 establishing the European Banking Authority (EBA), the EBA is established in London, UK.

    Following the notification by the United Kingdom of its intention to leave the Union, the 27 remaining Member States, in the margins of the General Affairs Council (Article 50), selected Paris, France, as the new seat for the European Banking Authority

    CONTENT: the Commission proposes to amend Regulation (EC) No 1093/2010 in order to confirm the new seat of the EBA in Paris, France.

    The EBA should occupy its new seat from the date on which the Treaties cease to apply to the United Kingdom or from 30 March 2019, whichever is the earlier.

    It is proposed that the Regulation shall enter into force as a matter of urgency in order to give the European Banking Authority sufficient time to relocate.

    BUDGETARY IMPLICATION: the relocation of the European Banking Authority will have budgetary implications, in particular in view of the costs related to the early termination of its current rental contract in London as a consequence of the withdrawal, the costs related to the move itself and the costs related to the installation in the new premises in Paris.

    As set out in the negotiation directives of the Council of 22 May 2017, the United Kingdom should fully cover the specific costs related to the withdrawal process, such as the relocation of the agencies based in the United Kingdom.

    Some of the relocation costs (e.g. costs related to the move itself) may have to be pre-financed by the EU budget prior to the final financial settlement. If necessary, the Commission will submit the relevant proposals to the European Parliament and the Council in the framework of the annual budgetary procedure for 2019 and, if necessary, for 2018.

    In addition, the costs related to the installation in the new premises will also be presented in the context of the building procedure set out in Article 203 of the Financial Regulation, which requires prior approval from the European Parliament and the Council before contracts related to building projects are concluded. This procedure is expected to be launched as soon as possible (at the latest in early 2018).

activities/1 added
date
2017-12-11
body
EP
type
Committee referral announced in Parliament, 1st reading/single reading
committees
activities/2 added
date
2018-04-23
body
unknown
type
Committee decision to open interinstitutional negotiations with report adopted in committee
activities/3 added
date
2018-04-24
body
EP
type
Vote in committee, 1st reading/single reading
committees
activities/4 added
body
EP
docs
  • url
    http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2018-0153&language=EN
    text
    • The Committee on Economic and Monetary Affairs adopted the report prepared jointly by Burkhard BALZ (EPP, DE) and Pervenche BERÈS (S&D, FR) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority (EBA).

      In the context of the United Kingdom's notification on 29 March 2017 of its intention to leave the Union, the Commission proposed to amend Regulation (EC) No 1093/2010 with a view to establishing the seat of the EBA in Paris, France.

      The committee recommended that the European Parliament’s position adopted at first reading under the ordinary legislative procedure should amend the Commission's proposal so as to make it clear that the relocation of the EBA shall not have any consequences with regard to executing the distinct mandate or maintaining the separate legal status of the European Supervisory Authorities, namely the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA). At the latest on the date of application of the Regulation and every 12 months thereafter, the Commission shall report on the compliance of those Authorities with that requirement.

      The relocation of the EBA might allow, where applicable, for the sharing of administrative support services and facility management services among Union agencies which are not related to core activities.

      The new premises should be ready and fit for the purpose of permanent relocation by the time the withdrawal of the United Kingdom from the Union comes into effect. Furthermore, they stressed that the transfer of the seat of the EBA does not call into question the establishment plan as adopted by the European Parliament and the Council, nor the application of the Staff Regulations to officials or other agents who work at the EBA.

      In a statement annexed to the draft Regulation, the European Parliament regretted that its role of co-legislator has not been duly taken into account since it was not involved in the procedure leading to the selection of the new seat of the European Banking Authority (EBA). They condemned the procedure followed for the selection of the new location of the seat, which has de facto deprived the European Parliament of its prerogatives since it was not effectively involved in the process, but is now expected to simply confirm the selection made for the new location of the seat by means of the ordinary legislative procedure.

      Under these conditions, the European Parliament insisted that the procedure followed for the selection of a new location for the agencies will be revised and not used anymore in this form in the future.

    type
    Committee report tabled for plenary, 1st reading/single reading
    title
    A8-0153/2018
type
Committee report tabled for plenary, 1st reading/single reading
committees
date
2018-04-27
committees/0/date added 2018-02-26
committees/0/rapporteur added
  • group
    EFD
    name
    CASTALDO Fabio Massimo
committees/1/date added 2017-12-11
committees/1/rapporteur added
  • group
    S&D
    name
    GEIER Jens
committees/2/date added
  • 2018-01-18
  • 2018-01-18
committees/2/rapporteur added
  • group
    EPP
    name
    BALZ Burkhard
  • group
    S&D
    name
    BERÈS Pervenche
committees/2/shadows added
  • group
    ECR
    name
    LOONES Sander
  • group
    ALDE
    name
    KLINZ Wolf
  • group
    GUE/NGL
    name
    PAPADIMOULIS Dimitrios
  • group
    Verts/ALE
    name
    GIEGOLD Sven
other/0 added
body
EC
dg
commissioner
DOMBROVSKIS Valdis
procedure/Modified legal basis added Rules of Procedure EP 150
procedure/dossier_of_the_committee added ECON/8/11693
procedure/stage_reached changed
Old
Preparatory phase in Parliament
New
Awaiting Parliament 1st reading / single reading / budget 1st stage
2017-12-05

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