3 Amendments of Astrid LULLING related to 2011/0203(COD)
Amendment 222 #
Proposal for a directive
Article 76 – paragraph 1
Article 76 – paragraph 1
1. Competent authorities shall ensure that institutions takeInstitutions shall consider taking appropriate steps to develop internal ratings based approaches for calculating own funds requirements for credit risk where they excessively rely on external credit assessments and where their exposures are material in absolute terms, and where they have at the same time a large number of material counterparties for which they rely on these external credit assessments.
Amendment 226 #
Proposal for a directive
Article 76 – paragraph 3 – subparagraph 1
Article 76 – paragraph 3 – subparagraph 1
3. EBA shall develop draft regulatory technical standards to further define the notion ‘exposures to specific risk which are material in absolute terms’ referred to in paragraph 1 and 2 and the thresholds for large numbers of material counterparties and positions in debt instruments of different issuers. EBA shall submit those draft regulatory technical standards to the Commission by 1 January 2014.
Amendment 517 #
Proposal for a directive
Article 130 – paragraph 4 a (new)
Article 130 – paragraph 4 a (new)
4a. Relevant credit exposures shall exclude the following exposures: a) in the case of foreign exchange transactions, exposures incurred in the ordinary course of settlement during the two working days following payment; (b) in the case of transactions for the purchase or sale of securities, exposures incurred in the ordinary course of settlement during five working days following payment or delivery of the securities, whichever the earlier; (c) in the case of the provision of money transmission including the execution of payment services, clearing and settlement in any currency and correspondent banking or financial instruments clearing, settlement and custody services to clients, delayed receipts in funding and other exposures arising from client activity which do not last longer than five business days.