Database on German and European Economic Law

 Regulation (EU) No 2015/2365

I. Description

On 29 January 2014, the European Commission adopted a proposal for a regulation to stop the biggest banks from engaging in proprietary trading and to give supervisors the power to require those banks to separate other risky trading activities from their deposit-taking business.

To prevent banks from attempting to circumvent these rules by shifting parts of their activities to the less-regulated shadow banking sector, the Commission adopted a proposal for a regulation aimed at increasing transparency of certain transactions outside the regulated banking sector.

This proposal provides a set of measures aiming to enhance regulators’ and investors’ understanding of securities financing transactions (STFs). These transactions have been a source of contagion, leverage and procyclicality during the financial crisis and they have been identified in the Commission’s Communication on Shadow Banking as needing better monitoring.

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II. General Information

Title

Regulation of the European Parliament and of the Council on reporting and transparency of securities financing transactions

Abbreviations
Transparency of securities financing transactions
Status
Existing
Regulation
(EU) No 2015/2365
Source
O.J. EU No L (Legislation), Edition 337, Year 2015, p.1
Adoption
11/25/2015
Promulgation
12/23/2015
Character
Regular Act
Legal Basis
Art. 114 AEUV
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text Transparency of securities financing transactions:
Regulation of the European Parliament and of the Council on reporting and transparency of securities financing transactions

  (EU) No 2015/2365

Beschluss:
11/25/2015 (A)
Verkuendung:
12/23/2015 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
09/20/2014
Opinion of the European Data Protection Supervisor
O.J.2014/C 328/3
06/24/2014
Opinion of the European Central Bank
O.J. 2014/C 336/5
01/29/2014
Proposal - Annex
COM(2014) 40 final ANNEX I
01/29/2014
Proposal
COM(2014) 40 final

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Regulation (EU) No 2012/648

IV. Umsetzung in den Mitgliedstaaten

1. Implementation in Germany

(A) Adoption | (P) Promulgation

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. Legal Impact
IV. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany