BETA


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:
R, u, l, e, s, , o, f, , P, r, o, c, e, d, u, r, e, , E, P, , 1, 1, 4, -, p, 0, 3

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
2016/06/29
   European Parliament - Motion for a resolution objecting delegated act
Documents
2016/05/25
   EP - Committee referral announced in Parliament
2016/05/23
   European Commission - Non-legislative basic document
Documents
2016/05/23
   EC - Non-legislative basic document published
Documents
2016/05/23
   Initial period for examining delegated act 3.0 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

Denmark GUE/NGL

For (1)

1

France GUE/NGL

Abstain (1)

3

Sweden GUE/NGL

For (1)

1

Netherlands GUE/NGL

3

Finland GUE/NGL

For (1)

1

Portugal GUE/NGL

For (1)

4

United Kingdom GUE/NGL

1
icon: Verts/ALE Verts/ALE
42

Estonia Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Lithuania Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Austria Verts/ALE

3

Netherlands Verts/ALE

2

Hungary Verts/ALE

2

Belgium Verts/ALE

2

United Kingdom Verts/ALE

4
icon: ENF ENF
34

Netherlands ENF

3

Belgium ENF

Against (1)

1

United Kingdom ENF

Abstain (1)

1

Romania ENF

Against (1)

1

Poland ENF

Against (1)

1
icon: EFDD EFDD
43

Lithuania EFDD

Abstain (1)

1

France EFDD

1

Sweden EFDD

Abstain (1)

1

Czechia EFDD

Abstain (1)

1

Germany EFDD

Abstain (1)

1

Poland EFDD

1
icon: NI NI
16

France NI

Against (1)

3

Germany NI

2

United Kingdom NI

Against (1)

1

Italy NI

Against (1)

1

Poland NI

Against (1)

1
icon: ECR ECR
57

Cyprus ECR

Against (1)

1

Greece ECR

For (1)

1

Latvia ECR

Against (1)

1

Lithuania ECR

Against (1)

1

Croatia ECR

Against (1)

1

Slovakia ECR

2

Netherlands ECR

2

Finland ECR

2

Czechia ECR

2

Bulgaria ECR

Against (1)

1

Romania ECR

Against (1)

1

Italy ECR

2
icon: ALDE ALDE
64

Ireland ALDE

Against (1)

1

Estonia ALDE

3

Luxembourg ALDE

Against (1)

1

Slovenia ALDE

Against (1)

1

Latvia ALDE

1

Croatia ALDE

2

Denmark ALDE

3

Austria ALDE

Against (1)

1

Sweden ALDE

2

Portugal ALDE

2

Bulgaria ALDE

3

Germany ALDE

3

United Kingdom ALDE

Against (1)

1

Romania ALDE

2
icon: S&D S&D
175

Cyprus S&D

Against (1)

1

Ireland S&D

Against (1)

1

Estonia S&D

Against (1)

1

Luxembourg S&D

Against (1)

1

Slovenia S&D

Against (1)

1

Latvia S&D

Against (1)

1

Malta S&D

3

Lithuania S&D

2

Croatia S&D

2
3

Slovakia S&D

For (1)

3

Netherlands S&D

Against (1)

3

Finland S&D

2

Czechia S&D

3

Belgium S&D

Abstain (1)

4
icon: PPE PPE
200

Cyprus PPE

Against (1)

1

Estonia PPE

Against (1)

1

Luxembourg PPE

3

Lithuania PPE

2

Croatia PPE

3

Denmark PPE

Against (1)

1

Belgium PPE

For (1)

4

History

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

docs/0
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
docs/0
date
2016-06-29T00:00:00
docs
url: https://www.europarl.europa.eu/doceo/document/B-8-2016-0868_EN.html title: B8-0868/2016
type
Motion for a resolution objecting delegated act
body
EP
docs/0/body
Old
EP
New
European Parliament
docs/1
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
docs/1
date
2016-06-29T00:00:00
docs
url: https://www.europarl.europa.eu/doceo/document/B-8-2016-0868_EN.html title: B8-0868/2016
type
Motion for a resolution objecting delegated act
body
EP
docs/1/body
Old
EC
New
European Commission
events/1
date
2016-05-23T00:00:00
type
Initial period for examining delegated act 3.0 month(s)
events/1
date
2016-05-23T00:00:00
type
Initial period for examining delegated act 3 month(s)
body
EP/CSL
events/3/docs/0/url
Old
https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=27438&l=en
New
https://oeil.secure.europarl.europa.eu/oeil/en/sda-vote-result?sdaId=27438
events/4
date
2016-07-06T00:00:00
type
Decision by Parliament
body
EP
summary
procedure/dossier_of_the_committee
Old
  • ECON/8/06570
New
ECON/8/06570
procedure/legal_basis
Old
  • Rules of Procedure EP 114-p03
New
Rules of Procedure EP 114-p03
procedure/subtype
Old
Examination of delegated act
New
  • Examination of delegated act
  • Supplementing
  • 2012/0150(COD)
procedure/legal_basis/0
Rules of Procedure EP 114-p03
procedure/legal_basis/0
Rules of Procedure EP 111-p03
procedure/legal_basis/0
Rules of Procedure EP 114-p03
procedure/legal_basis/0
Rules of Procedure EP 111-p03
events/2/body
EP
events/4/body
EP
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
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EP
events/4
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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
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
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
committees/0/date
    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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    ECON
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    True
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    Economic and Monetary Affairs
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    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
    other
      procedure/dossier_of_the_committee
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      • ECON/8/06570
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      • 2.50.03 Securities and financial markets, stock exchange, CIUTS, investments
      • 2.50.04 Banks and credit
      • 2.50.08 Financial services, financial reporting and auditing
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      New
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      2.50.04
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      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
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      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
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      • 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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      • 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
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        DEA - Delegated acts procedure
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