Database on German and European Economic Law

 Regulation (EU) No 1024/2013

I. Description

Today, the solidity of the banking sector is in many instances still closely linked to the Member State in which they are established. Doubts about the sustainability of public debt, economic growth prospects, and the viability of credit institutions have been creating negative, mutually reinforcing market trends. This may lead to risks for the viability of some credit institutions as well as for the stability of the financial system, and may impose a heavy burden for already strained public finances of the Member States concerned. The situation poses specific risks within the euro area, where the single currency increases the likelihood that developments in one Member State can create risks for economic development and the stability of the Euro area as a whole. Furthermore, the current risk of financial disintegration along national borders significantly undermines the Single Market for financial services and prevents it from contributing to economic recovery.

II. General Information

Title

Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions

Abbreviations
SSM Regulation
Status
Existing
Regulation
(EU) No 1024/2013
Source
O.J. EU No L (Legislation), Edition 287, Year 2013, p.63
Adoption
10/15/2013
Promulgation
10/29/2013
Character
Regular Act
Legal Basis
Art. 127 Abs. 6 AEUV
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text SSM Regulation:
Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions

  (EU) No 1024/2013

Beschluss:
10/15/2013 (A)
Verkuendung:
10/29/2013 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
11/27/2012
Opinion of the European Central Bank
ABL 2013/C 30/6
09/12/2012
Proposal
COM(2012) 511 final
Communication from the Commission
COM(2012) 510 final

3. Comments

Datum
Stellungnahme
Textfassungen
11/19/2012
Centrum für Europäische Politik (CEP)
Comment on: Kommissionsvorschlag

4. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Regulation (EU) No 1093/2010

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Comments
4. Legal Impact
IV. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany