3 Amendments of Alfred SANT related to 2017/2005(INI)
Amendment 26 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Stresses that domestic and cross- border investments in CBs have worked well in EU markets under the current legislative framework; emphasises that product diversity should be maintained;
Amendment 33 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls for a clear definition of CBs in a European Directive; insists that the definition for securities henceforth called ‘covered bonds’ must not fall below the standards currently set by Article 12952(4) of the CRR; requests that securities incompatible with this definition but compatible with Article 52(4) of the UCITS DirectiUCITS Directive; CBs which are also compliant with Article 129 of the CRR should benefit from preferential risk weight treatment; for the achievement of the Capital Markets Union's objective, recognizes the potential of UCITS compliant dual recourse securities, with different requirements in terms of eligible cover aressets; calls on the Commission to properly defined them in the same directive under a name clearly distinct from ‘covered bonds’; suggests that this name may be ‘European Secured Notes’; (ESNs);
Amendment 105 #
Motion for a resolution
Paragraph 5 – point c
Paragraph 5 – point c
c) The maturity of the CB cannot be extended, except in the event of insolvency or resolution of the issuer and with approval by the competent supervisory authority;subject to objective financial triggers established by national law, including in the event of insolvency or resolution of the issuer.