14 Amendments of Brian HAYES related to 2015/0270(COD)
Amendment 247 #
Proposal for a regulation
Recital 27 a (new)
Recital 27 a (new)
(27a) The risk-based method for the calculation of contributions payable to participating DGSs for the reinsurance period only, to be specified through a Delegated Act, should be based on clear risk factors which should not negatively affect certain banking sectors over others in the Union.
Amendment 256 #
Proposal for a regulation
Recital 29
Recital 29
(29) The initial and final target level of the Deposit Insurance Fund should be established as a percentage of the total minimum target levels of participating DGSs. It should progressively reach 20% of four ninth of the total minimum target levels by the end of the reinsurance period and the sum of all minimum target levels by the end of the co-insurance periodThe target level of the Deposit Insurance Fund should reach 62.5 % of the total minimum target levels that participating DGSs are to reach in accordance with the first subparagraph of Article 10(2) of Directive 2014/49/EU. The possibility to apply for approval to authorise a lower target level in accordance with Article 10(6) of Directive 2014/49/EU should not be considered when setting the initial or final target levels of the Deposit Insurance Fund. An appropriate time frame should be set to reach the target level for the Deposit Insurance Fund.
Amendment 282 #
Proposal for a regulation
Recital 46
Recital 46
(46) In order for EDIS to function in an effective manner as of [….]1 January 2018, the provisions concerning the payment of contributions to the Deposit Insurance Fund, the establishment of all the relevant procedures and any other operational and institutional aspects should apply from XX.
Amendment 293 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – introductory part
Article 1 – paragraph 2 – subparagraph 1 – introductory part
2. In addition, this Regulation establishes a European Deposit Insurance Scheme ('EDIS') in three successivewo stages:
Amendment 304 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – indent 2
Article 1 – paragraph 2 – subparagraph 1 – indent 2
Amendment 310 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – indent 3
Article 1 – paragraph 2 – subparagraph 1 – indent 3
- a fulln insurance scheme that provides the funding and covers the losses of participating deposit guarantee schemes in accordance with Article 41e.
Amendment 359 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41a – paragraph 1
Article 41a – paragraph 1
1. As from the date of application set out in Article 99(5a), pParticipating DGSs are reinsured by EDIS in accordance with this Chapter for a period of threeat least four years (‘'reinsurance period’)'), from 1 January 2018 to the commencement of the insurance period referred to in Chapter 3.
Amendment 373 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41a – paragraph 2 a (new)
Article 41a – paragraph 2 a (new)
2a. The share of coverage under the second paragraph shall increase during the reinsurance period as follows: - in the first year of the reinsurance period it shall be 25%; - in the second year of the reinsurance period it shall be 50%; - in the third year of the reinsurance period it shall be 75%; - in the fourth and subsequent years of the reinsurance period it shall be 100%.
Amendment 406 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 2
Part IIa – title I – chapter 2
Amendment 429 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 3 – title
Part IIa – title I – chapter 3 – title
Full insurance Insurance
Amendment 449 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41h – paragraph 3 a (new)
Article 41h – paragraph 3 a (new)
3a. The share of coverage under paragraph 3 shall increase during the insurance period as follows: - in the first year of the insurance period it shall be 25%; - in the second year of the insurance period it shall be 50%; - in the third year of the insurance period it shall be 75%; - in the fourth and subsequent years of the insurance period it shall be 100%.
Amendment 598 #
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 1
Article 74 b – paragraph 1
1. By the end of the reinsurance period3 July 2024 the available financial means of the DIF shall reach an initial target level of 20% of four ninth of the sum of the62.5 % of the aggregated minimum target levels that participating DGSs shall reach in accordance with the first subparagraph of Article 10(2) of Directive 2014/49/EU.
Amendment 659 #
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 2 – subparagraph 3 a (new)
Article 74 c – paragraph 2 – subparagraph 3 a (new)
Up to 30 % of the contributions from participating DGSs to the DIF may be comprised of irrevocable payment commitments.
Amendment 710 #
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 – subparagraph 4 – point f a (new)
Article 74 c – paragraph 5 – subparagraph 4 – point f a (new)
(fa) the potential for a participating DGS to achieve a full and timely recovery from insolvency procedures;