12 Amendments of Astrid LULLING related to 2011/0202(COD)
Amendment 197 #
Proposal for a regulation
Recital 75
Recital 75
(75) The stock of liquid assets should be available at any time to meet the liquidity outflows. The level of liquidity needs in a short term liquidity stress should be determined in a standardised manner so as to ensure a uniform soundness standard and a level playing field. It should be ensured that such a standardised determination has no unintended consequences for financial markets, credit extension and economic growth, also taking into account different business models and funding environments of credit institutions and investment firms across the Union. To this end, the liquidity coverage requirement should be subject to an observation period. Based on the observations and supported by EBA, the Commission should confirm or adjust the liquidity coverage requirement by means of a delegated actall submit a legislative proposal to the European Parliament and to the Council.
Amendment 1109 #
Proposal for a regulation
Article 408 – paragraph 2 a (new)
Article 408 – paragraph 2 a (new)
2a. In accordance with article 481.3 of this Regulation, the Commission shall submit by December 31st, 2014, a legislative proposal to the European Parliament and the Council to specify the treatment of products and services referred to in paragraph 2. The legislative proposal will: a) identify the products or services that shall be covered for these purposes; b) elaborate the appropriate methods to determine the outflows to be assigned.
Amendment 1110 #
Proposal for a regulation
Article 408 – paragraph 3
Article 408 – paragraph 3
Amendment 1195 #
Proposal for a regulation
Article 413 – paragraph 1
Article 413 – paragraph 1
1. Institutions shall report their capped liquidity inflows. Capped liquidity inflows shall be the liquidity inflows limited to 75% ofIn the case of a group of institutions where the parent institution complies with the obligations laid down in Articles 401 and 403 on a consolidated basis, liquidity inflows shall be capped at the group consolidated level only, and they shall be limited to 75% of the group's consolidated liquidity outflows. Institutions may exempt liquidity inflows from deposits placed with other institutions and qualifying for the treatments set out in Article 108(6) or Article 108(7) from this limit.
Amendment 1388 #
Proposal for a regulation
Article 444
Article 444
Amendment 1397 #
Proposal for a regulation
Article 445 – paragraph 2
Article 445 – paragraph 2
2. The delegation of powers referred to in Articles 441 to 4443 shall be conferred for an indeterminate period of time from the date referred to in Article 488.
Amendment 1399 #
Proposal for a regulation
Article 445 – paragraph 3
Article 445 – paragraph 3
3. The delegation of power referred to in Articles 441 to 4443 may be revoked at any time by the European Parliament or by the Council. A decision of revocation shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of the delegated acts already in force.
Amendment 1401 #
Proposal for a regulation
Article 445 – paragraph 5
Article 445 – paragraph 5
5. A delegated act adopted pursuant to Articles 441 to 4443 shall enter into force only if no objection has been expressed by the European Parliament or the Council within a period of 2 months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by 2 moths at the initiative of the European Parliament or the Council.
Amendment 1514 #
Proposal for a regulation
Article 481 – paragraph 1 – subparagraph 2 – point a
Article 481 – paragraph 1 – subparagraph 2 – point a
(a) the mechanisms restricting the value of liquidity inflows at the group's consolidated level.;
Amendment 1539 #
Proposal for a regulation
Article 481 – paragraph 2 a (new)
Article 481 – paragraph 2 a (new)
2 a. The Commission shall submit a legislative proposal to the European Parliament and Council to specify in detail the general requirement set out in Article 401. Such legislative proposal shall be based on the items to be reported according to Part Six, Title II. The legislative proposal shall also specify under which circumstances competent authorities have to impose specific in- and outflow levels on credit institutions in order to capture specific risks to which they are exposed.
Amendment 1540 #
Proposal for a regulation
Article 481 – paragraph 2 b (new)
Article 481 – paragraph 2 b (new)
2 b. For the purposes of paragraph 3 the Commission shall either individually or cumulatively assess whether a liquidity coverage requirement would have a detrimental impact on the business and risk profile of European institutions or on financial markets or the economy and shall take into account the reports referred to in paragraphs 1 and 2 of Article 481.
Amendment 1541 #
Proposal for a regulation
Article 481 – paragraph 2 c (new)
Article 481 – paragraph 2 c (new)
2 c. The Commission shall submit the proposal referred to in paragraph 3 at the latest by 31 December 2014