CELEX: 51990PC0355
Language: en
Date: 1990-07-25
Title: PROPOSAL FOR A COUNCIL DECISION ESTABLISHING A COMMITTEE ON MONETARY, FINANCIAL AND BALANCE OF PAYMENTS STATISTICS

25. 8. 90                             Official Journal of the European Communities                                No C 212/5
                                                             II
                                                      (Preparatory Acts)
                                                COMMISSION
             Proposal for a Council Decision establishing a Committee on monetary, financial and balance of
                                                     payments statistics
                                                     COM(90) 355 final
                                      (Submitted by the Commission on 27 July 1990)
                                                       (90/C 212/07)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                          Whereas Council Decision 89/382/EEC, Euratom of 19
                                                                  June 1989 establishing a Committee on the Statistical
                                                                  Programme         of    the   European     Communities (3),
Having regard to the Treaty establishing the European             comprising representatives of the Member States' stat-
Economic Community,                                               istical institutes, is to ensure close cooperation between
                                                                  Member States and the Commission whilst the statistical
                                                                  programme is established;
Having regard to the Commission proposal,
                                                                  Whereas in Member States monetary and banking stat-
                                                                  istics are drawn up by central banks, and financial and
Having regard      to   the   opinion   of  the  European         balance of payments statistics are drawn up by various
Parliament,                                                       institutions, including, in particular, central banks;
Having regard to the opinion of the Economic and                  Whereas there is at present no body which ensures close
Social Committee,                                                 cooperation between Member States in the fields of
                                                                  monetary, financial and balance of payments statistics on
                                                                  which the principal national institutions concerned are
                                                                  represented;
Whereas Council Decision 90/141/EEC (') regarding
the achievement of continuing economic convergence
entails the need for the availability of consistent indi-         Whereas it is necessary, in order to achieve such
cators, particularly in the monetary, financial and               cooperation, to establish a committee composed of
balance of payments domains;                                      representatives of these institutions, which is charged
                                                                  with aiding the Commission in the elaboration and
                                                                  implementation of the multiannual work programme
Whereas Council Decision 90/142/EEC (2)             amends        relating to monetary, financial and balance of payments
Decision 64/300/EEC as regards the terms of       reference       statistics;
of the Committee of Central Bank Governors,       the main
aim of which is to promote the coordination of    monetary
policy which       necessarily    depends    on    common         Whereas, having regard to the specific role exercised in
surveillance indicators;                                          the Member States by the aforementioned institutions, it
                                                                  is necessary to allow the Committee to choose its
                                                                  chairman;
Whereas there is therefore a need to establish, as a
section of the multiannual statistical programme of the           Whereas there is sometimes in the statistical area an
Commission, a multiannual work programme in the                   interdependence between the domains of monetary,
domain of monetary, financial and balance of payments             financial and balance of payments statistics on the one
statistics;                                                       hand, and certain other areas of economic statistics on
                                                                  the other hand,
O OJ No L 78, 24. 3. 1990.
O OJ No L 78, 24. 3. 1990.                                        O OJ No L 181, 28. 6. 1989, p. 47.
 ---pagebreak--- No C 212/6                            Official Journal of the European Communities                                 25. 8. 90
HAS DECIDED AS FOLLOWS:                                              balance of payments statistics and the resources and
                                                                     timetables involved;
                          Article 1
                                                                 (c) any other question, in particular questions of metho-
A Committee on Monetary, Financial and Balance of                    dology, arising from the establishment or implemen-
Payments Statistics, hereinafter called the Committee, is            tation of the statistical programme in the relevant
hereby established.                                                  fields.
                          Article 2                             The Committee may express opinions on its own
                                                                initiative on any questions relating to the establishment
The Committee shall assist the Commission in drawing            or the implementation of statistical programmes in the
up and implementing the multiannual programme of                monetary, financial and balance of payments fields.
work relating to monetary, financial and balance of
payments statistics. The Committee shall, in particular,
have the task of expressing opinions on the development                                   Article 4
and coordination of the monetary, financial and balance         The Committee shall be composed of one, two or three
of payments statistics required for the policies                representatives per Member State, coming from the
implemented by the Council, the Commission, and the             institutions principally concerned        with    financial,
various committees assisting them.                              monetary and balance of payments statistics, and of
                                                                three representatives of the Commission.
The Committee may be asked to express opinions on the
links between monetary, financial and balance of                In addition, one representative of the Committee of
payments statistics on the one hand, and certain other          Governors of the Central Banks of the Community and
economic statistics on the other. The work of this              one representative of the Monetary Committee may
Committee will be coordinated with that of the Stat-            attend meetings of the Committtee as observers.
istical Programme Committee.
                                                                Representatives of other organizations, as well as any
                          Article 3                             persons able to contribute to discussions, may on the
                                                                decision of the Committee, participate in the
The Commission, on its own initiative, and should the
                                                                Committee's meetings.
occasion arise, following a request from the Council or
from the committees which assist them, shall consult the
Committee on:                                                                             Article 5
(a) the establishment of multiannual            Community       The Committee shall elect its chairman by a simple
     programmes for monetary, financial and balance of          majority of the Member States' votes. Its secretariat shall
     payments statistics;                                       be provided by the Commission.
(b) the measures which the Commission intends to                                          Article 6
     undertake to achieve the objectives referred to in the
     multiannual programmes for monetary, financial and         The Committee shall draw up its rules of procedure.