11 Amendments of Marco ZANNI related to 2016/0360B(COD)
Amendment 44 #
Proposal for a regulation
Recital 51
Recital 51
(51) The application of the expected credit loss provisioning introduced by the revised international accounting standards on financial instruments “IFRS9”, may lead to a sudden significant indecrease in the capital ratios of institutions and create even more challenges for the stability of the financial sector, already under pressure in raising fresh capital. While discussions are on-going on the appropriate prudential treatment of the impact of increased expected credit losses and to prevent an unwarranted detrimental effect on lending by credit institutions, the incremental provisioning for credit risk of IFRS9 should be phased inadequately phased in. Credit institutions should benefit from a progressive phased-in transitional period of a duration of eight years, starting from 1 January 2018.
Amendment 86 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 1
Article 473a – paragraph 1
1. Until [date of application of this Article + 5 years]31 December 2025 institutions that prepare their accounts in conformity with the international accounting standards adopted in accordance with the procedure laid down in Article 6(2) of Regulation (EC) No 1606/2002 may add to their Common Equity Tier 1 capital the amount calculated in accordance with paragraph 2 of this Article multiplied by the applicable factor laid down in paragraph 3.
Amendment 104 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point a
Article 473a – paragraph 3 – point a
(a) 1 in the period from [date of application of this Article] to [ date of application of this Article + 1 year - 1 day]1 January 2018 to 31 December 2019;
Amendment 122 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point b
Article 473a – paragraph 3 – point b
(b) 0,8 in the period from [date of application of this Article + 1 year] to [date of application of this Article + 2 years - 1 day]1 January 2020 to 31 December 2021;
Amendment 135 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point c
Article 473a – paragraph 3 – point c
(c) 0,6 in the period from [date of application of this Article +2 years] to [date of application of this Article +3 years - 1 day]1 January 2022 to 31 December 2023;
Amendment 146 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point d
Article 473a – paragraph 3 – point d
(d) 0,4 in the period from [date of application of this Article +3 years] to [date of application of this Article +4 years - 1 day]1 January 2024 to 31 December 2025;
Amendment 152 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point e
Article 473a – paragraph 3 – point e
Amendment 163 #
Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
Article 1 – paragraph 1 – point 120 – point b
Regulation (EU) No 575/2013
Article 493 – paragraph 4 – subparagraph 1
Article 493 – paragraph 4 – subparagraph 1
4. By way of derogation from Article 395, competent authorities may allow institutions to incur one of the exposures provided for in points (a) (c) (d) (e) of Article 400(1) denominated and funded in the currency of any Member States up to the following values, after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403, up to:
Amendment 165 #
Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
Article 1 – paragraph 1 – point 120 – point b
Regulation (EU) No 575/2013
Article 493 – paragraph 4 – point a
Article 493 – paragraph 4 – point a
(a) 100% of the institution’s Tier 1 capital until 31 December 2018;
Amendment 166 #
Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
Article 1 – paragraph 1 – point 120 – point b
Regulation (EU) No 575/2013
Article 493 – paragraph 4 – point b
Article 493 – paragraph 4 – point b
Amendment 168 #
Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
Article 1 – paragraph 1 – point 120 – point b
Regulation (EU) No 575/2013
Article 493 – paragraph 4 – point c
Article 493 – paragraph 4 – point c