2017/0810(COD)

Statute of the European System of Central Banks and of the European Central Bank: clearing and payment systems

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

Activites

  • 2018/07/04 Matter referred back to the committee responsible
  • 2018/07/04 Decision by Parliament, 1st reading/single reading
    • T8-0288/2018 summary
  • 2018/06/25 Committee report tabled for plenary, 1st reading/single reading
    • A8-0219/2018 summary
    • AFCO HÜBNER Danuta Maria EPP MATO Gabriel EPP,
    • ECON HÜBNER Danuta Maria EPP MATO Gabriel EPP,
  • 2018/06/19 Rejection by committee to open interinstitutional negotiations with report adopted in committee
  • 2018/06/19 Vote in committee, 1st reading/single reading
  • 2017/12/14 Referral to joint committee announced in Parliament
  • 2017/09/11 Committee referral announced in Parliament, 1st reading/single reading
  • 2017/07/07 Legislative proposal published
    • 10850/2017 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'}, MOSCOVICI Pierre

Documents

  • Legislative proposal published: 10850/2017
  • Committee report tabled for plenary, 1st reading/single reading: A8-0219/2018
  • Decision by Parliament, 1st reading/single reading: T8-0288/2018

Votes

A8-0219/2018 - Gabriel Mato et Danuta Maria Hübner - Am 13rev

2018/07/04
Position Total ALDE ECR EFDD ENF GUE/NGL NI PPE S&D Verts/ALE correctional
For 98 1 0 0 0 42 3 1 3 48 0
Against 556 62 62 20 31 0 8 197 176 0 0
Abstain 28 0 1 16 2 3 5 0 1 0 0

A8-0219/2018 - Gabriel Mato et Danuta Maria Hübner - Am 12rev

2018/07/04
Position Total ALDE ECR EFDD ENF GUE/NGL NI PPE S&D Verts/ALE correctional
For 287 1 2 14 22 12 6 2 180 48 0
Against 332 62 58 2 9 0 5 196 0 0 0
Abstain 63 0 4 21 2 32 4 0 0 0 0

A8-0219/2018 - Gabriel Mato et Danuta Maria Hübner - projet de décision

2018/07/04
Position Total ALDE ECR EFDD ENF GUE/NGL NI PPE S&D Verts/ALE correctional
For 423 62 1 3 0 4 1 181 171 0 0
Against 144 0 18 21 29 0 10 14 5 47 0
Abstain 113 0 45 13 4 41 5 1 4 0 0
AmendmentsDossier
86 2017/0810(COD) Statute of the European System of Central Banks and of the European Central Bank: clearing and payment systems
2018/04/13 ECON, AFCO, ECON, AFCO 4 amendments...
source: PE-619.417
2018/05/16 ECON, AFCO 40 amendments...
source: PE-622.113
2018/06/12 ECON, AFCO 42 amendments...
source: PE-622.113

History

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

2018-09-12
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2017-09-11
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2017-09-11
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2017-12-14
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Referral to joint committee announced in Parliament
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2018-06-19
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2018-06-19
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    text
    • The Committee on Economic and Monetary Affairs and the Committee on Constitutional Affairs adopted the report prepared jointly by Danuta Maria HÜBNER (EPP, PL) and Gabriel MATO (EPP, ES) on the draft decision of the European Parliament and of the Council amending Article 22 of the Statute of the European System of Central Banks and of the European Central Bank (ECB).

      As a reminder, the amendment proposed last 22 June 2017 by the ECB aims to modify the Statute in order to bring ‘clearing systems for financial instruments’, in other words, central counterparties, within the scope of the regulatory powers conferred by Article 22 of the Statute.

      The committees recommended that the position of the European Parliament adopted at first reading under the ordinary legislative procedure should amend the Commission proposal as follows.

      Given that the new powers of the ECB under the amended Article 22 of its Statute shall interact with those of other institutions, Members proposed to lay down a clear principle that the ECB may make regulations concerning clearing systems for financial instruments within the Union and with third countries, with due regard to the legal acts of the European Parliament and the Council and with measures adopted under such acts, and in a manner which is fully consistent with those acts and measures.

      Members also proposed to include in the recitals of the amending act a list of the regulatory powers that may be exercised over central counterparties by the ECB under Article 22 of its Statute. This should include all requirements allowing monetary policy concerns to be addressed.

      This list should also include any powers necessary for the ECB to address any potential significant emergency situation.

      Lastly, the ECB should ensure full transparency and accountability towards the European Parliament and the Council regarding the exercise of its powers and tasks under Article 22 of its Statute. In particular, it should keep the European Parliament and the Council regularly informed of all decisions taken and regulations adopted on the basis of that Article.

    type
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    A8-0219/2018
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Committee report tabled for plenary, 1st reading/single reading
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2018-06-25
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2018-07-04
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2018-07-04
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    text
    • The European Parliament adopted by 423 votes to 144, with 113 abstentions, amendments to the draft decision of the European Parliament and of the Council amending Article 22 of the Statute of the European System of Central Banks and of the European Central Bank.

      The matter has been referred back to the committee responsible for interinstitutional negotiations.

      The main amendments adopted in plenary concern the following points:

      Given that the new powers of the ECB under the amended Article 22 of its Statute shall interact with those of other institutions, Parliament proposed laying down a clear principle that the ECB may make regulations concerning clearing systems for financial instruments within the Union and with third countries, with due regard to the legal acts of the European Parliament and the Council and with measures adopted under such acts, and in a manner which is fully consistent with those acts and measures.

      Members also proposed including in the recitals of the amending act a list of the regulatory powers that may be exercised over central counterparties by the ECB under Article 22 of its Statute. This should include all requirements allowing monetary policy concerns to be addressed.

      With regard to clearing systems for financial instruments, requirements that may be applied on the basis of that Article shall:

      • include reporting requirements and requirements imposed on the clearing system to cooperate with the ECB and national central banks in their assessment of the resilience of the system to adverse market developments;
      • include the opening by the system of an overnight deposit account with the ESCB in accordance with relevant access criteria and requirements of the ESCB;
      • include requirements necessary to address situations in which a clearing system for financial instruments poses an imminent risk of substantial harm to Union financial institutions or markets or to the financial system of the Union or one of its Member States, such as requirements relating to liquidity risk controls, settlement arrangements, margins, collateral or interoperability arrangements.

      Lastly, the ECB shall ensure full transparency and accountability towards the European Parliament and the Council regarding the exercise of its powers and tasks under Article 22 of its Statute. In particular, it shall keep the European Parliament and the Council regularly informed of all decisions taken and regulations adopted on the basis of that Article.

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    MATO Gabriel
committees/0/responsible changed
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  • group
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    BERÈS Pervenche
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    LOONES Sander
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    MESSERSCHMIDT Morten
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    GOERENS Charles
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    JEŽEK Petr
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    CHRYSOGONOS Kostas
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    VIEGAS Miguel
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    GIEGOLD Sven
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    LAMBERTS Philippe
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    CASTALDO Fabio Massimo
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    MEUTHEN Jörg
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    ANNEMANS Gerolf
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2017-07-06
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MONOT Bernard
New
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procedure/dossier_of_the_committee changed
Old
ECON/8/10483
New
CJ32/8/11741
procedure/legal_basis added
  • Rules of Procedure EP 55
  • Rules of Procedure EP 59-p4
procedure/stage_reached changed
Old
Awaiting committee decision
New
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2017-10-11
2017-09-30
2017-09-26
2017-09-21
2017-09-16
2017-09-14
2017-09-06

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