BETA

33 Amendments of Marco ZANNI related to 2018/0060(COD)

Proposal for a regulation
Article 1 – paragraph 1

Regulation (EU) No 575/2013
Article 36 – paragraph 1 – point m (new)

(m) other than the exposures purchased through a market transaction by a credit institution specialized in non- performing exposures purchasing which were non-performing at the time of the purchase, and exposures extended by a specialized credit institution towards an obligor whose other exposures on the institution balance sheets are in default and that were purchased through a market transaction, the applicable amount of insufficient coverage for non- performing exposures.;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47a – paragraph 1 – point b

(b) a loan commitment given, a financial guarantee given or any other commitment given, irrespective whether revocable or irrevocable, except uncommitted undrawn credit facilities.

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47a – paragraph 1 a (new)

1 a. For the purpose of Article 36(1)(m), “exposure” items that were already non-performing at the time they were purchased by the institution shall not be considered. In case of NPEs’ purchases, institutions shall inform regularly the competent authoritieson their status, scale, composition and price.

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 1 – subparagraph 1 – introductory part

For the purposes of Article 36(1)(m), institutions shall determine the applicable amount, if positive, of insufficient coverage for non- performing exposures to be deducted from Common Equity Tier 1 items by subtracting the amount determined in point (b) from the amount determined in point (a):

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point a

(a) 0.35 for the unsecured part of a non-performing exposure to be applied during the period between one year and two years following its classification as non-performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point b

(b) 0.28 for the unsecured part of a non-performing exposure to be applied during the period between one year and two years following its classification as non-performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point c

(c) 1 for the unsecured part of a non- performing exposure to be applied as of the first day of the ~~second~~fifth year following its classification as non-performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point d

(d) 0.8 for the unsecured part of a non- performing exposure to be applied as of the first day of the ~~second~~fifth year following its classification as non-performing, where the obligor is not past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point a

(a) 0.05 for the secured part of a non- performing exposure to be applied during the period between one year and two years following its classification as non- performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point b

(b) 0.04 for the secured part of a non- performing exposure to be applied during the period between one year and two years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point c

(c) 0.1 for the secured part of a non- performing exposure to be applied during the period between two and three years following its classification as non- performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point d

(d) 0.08 for the secured part of a non- performing exposure to be applied during the period between two and three years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point e

(e) 0.175 for the secured part of a non-performing exposure to be applied during the period between three and four years following its classification as non- performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point f

(f) 0.14 for the secured part of a non- performing exposure to be applied during the period between three and four years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point g

(g) 0.~~275~~03 for the secured part of a non- performing exposure to be applied during the period between four and five years following its classification as non- performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point h

(h) 0.202 for the secured part of a non- performing exposure to be applied during the period between four and five years following its classification as non- performing, where the obligor is not past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point i

(i) 0.405 for the secured part of a non- performing exposure to be applied during the period between five and six years following its classification as non- performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point j

(j) 0.3204 for the secured part of a non- performing exposure to be applied during the period between five and six years following its classification as non- performing, where the obligor is not past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point k

(k) 0.5509 for the secured part of a non- performing exposure to be applied during the period between six and seven years following its classification as non- performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point l

(l) 0.4407 for the secured part of a non- performing exposure to be applied during the period between six and seven years following its classification as non- performing, where the obligor is not past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point m

(m) 0.175 for the secured part of a non- performing exposure to be applied during the period between seven and eight years following its classification as non- performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point n

(n) 0.612 for the secured part of a non- performing exposure to be applied during the period between seven and eight years following its classification as non- performing, where the obligor is not past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point o

(o) 10.3 for the secured part of a non- performing exposure to be applied as of the first day of the eighth year following its classification as non-performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p

(p) 0.82 for the secured part of a non- performing exposure to be applied as of the first day of the eighth year following its classification as non-performing, where the obligor is not past due more than 90 days.

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p a (new)

(p a) 0.45 for the secured part of a non- performing exposure to be applied as of the first day of the nineth year following its classification as non-performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p b (new)

(p b) 0.35 for the secured part of a non- performing exposure to be applied as of the first day of the nineth year following its classification as non-performing, where the obligor is not past due more than 90 days.

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p c (new)

(p c) 0.6 for the secured part of a non- performing exposure to be applied as of the first day of the tenth year following its classification as non-performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p d (new)

(p d) 0.55 for the secured part of a non- performing exposure to be applied as of the first day of the tenth year following its classification as non-performing, where the obligor is not past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p e (new)

(p e) 0.90 for the secured part of a non- performing exposure to be applied as of the first day of the eleventh year following its classification as non-performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p f (new)

(p f) 0.85 for the secured part of a non- performing exposure to be applied as of the first day of the eleventh year following its classification as non-performing, where the obligor is not past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 5

5. EBA shall assess the range of practices applied for the valuation of secured non-performing exposures and may develop guidelines to specify a common methodology, including possible minimum requirements for re-valuation in terms of timing and ad hoc methods, for the prudential valuation of eligible forms of funded and unfunded credit protection, in particular regarding assumptions pertaining to their recoverability and enforceability. Those guidelines shall be issued in accordance with Article 16 of Regulation (EU) No 1093/2010.;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 7

Regulation (EU) No 575/2013
Article 469a – subparagraph 1

By way of derogation from Article 36(1)(m), institutions shall not deduct from Common Equity Tier 1 items the applicable amount of insufficient coverage for non performing exposures where the exposure was incurred prior ~~to 14 March 2018~~... [date of entry into force of this Regulation].

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 7

Regulation (EU) No 575/2013
Article 469a – subparagraph 2

Where the terms and conditions of an exposure which was incurred prior to ~~14 March 2018~~[date of entry into force of this Regulation] are modified by the institution in a way that increases the institution's exposure to the obligor, the exposure shall be considered as having been incurred on the date when the modification applies and shall cease to be subject to the derogation provided in the first subparagraph..

2018/11/23
Committee: ECON