Vote on European Banking Authority and prudential supervision of credit institutions:
Lieu: Strasbourg, France - European Parliament
End production: 22/05/2013 First transmission: 22/05/2013
- extracts from the vote on the report Sven GIEGOLD (Greens/EFA, DE)
Draft laws setting up a single EU bank supervisory system were approved in a plenary vote on Wednesday. The European Central Bank will supervise the Eurozone's largest banks directly and have a say in supervising other banks. However, Parliament will give its final seal of approval only later, to allow time for parallel talks with the ECB on detailed accountability arrangements.
Parliament's plenary must still give its final approval of the deal in the near future. Meanwhile, national parliaments may also express their views and an inter-institutional agreement on detailed accountability and transparency rules will be hammered out by Parliament and the ECB. For legal reasons, the details of Parliament's powers of control over the ECB supervisor will be set out in an inter-institutional arrangement.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior shot of the European Parliament, Strasbourg, France (1 shot)
||vote on 2 amendements of the Giegold report, 'carried' (6 shots)
||SOUNDBITE (English): Sven GIEGOLD (Greens/EFA, DE), rapporteur: "Unfortunately some of the Member States are not ready yet with their ratifications and my report on the EBA (European banking authority) changes is the leaver to remain in control over the report of Marianne Thyssen about giving the powers to European Central Bank on the common banking supervisor and therefore we have to shift the final legislative vote on my report in order to remain in control of the democratic process of this next large step of realising a common fiscal and banking union, therefore I ask for the postponement of the legislative part of the vote."
||Vote to shift the legislative vote, (7 shots)