Activities of Beatrix von STORCH related to 2017/2005(INI)
Shadow reports (1)
REPORT Towards a pan-European covered bonds framework PDF (422 KB) DOC (70 KB)
Amendments (5)
Amendment 2 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas, however, maturity extensions shift issuer risk to the investors only in cases where the issuer has the right to extend maturities (and not only the "Sachwalter") and where the maturity extension is not bound by any legal requirements, whereas preferential regulatory treatment should only be granted to assets which are particularly safe;
Amendment 65 #
Motion for a resolution
Paragraph 4 – point e
Paragraph 4 – point e
e) Overcollateralisation (OC) is applied to the cover pool. By an extent to be determined in national law, the value of all cover pool assets must always be greater than the net present value of outstanding payment obligations. The value of cover pool assets is at all times to be determined onby the basis of market prices when market prices are available and on the basis of face values adjusted for market conditions if no market prices are availablelaws applicable in national jurisdictions re the question of market prices or the use of mortgage lending values in combination with low LTMLV-limits;
Amendment 99 #
Motion for a resolution
Paragraph 5 – point b
Paragraph 5 – point b
b) The maximum LTV parameters for mortgages are set by European law in such a way that they do not surpass the LTV ratios currently fixed in Article 129 CRR, but are subject to regular review and adjustment in line with independent assessments (stress tests) of pricing conditionmarket prices which might prevail in the relevant real estate markets under stress;
Amendment 116 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. WelcomeSupports improvements in CB rating methodologies and the expansion of the rating markets for CBs, but warns not to add more complexity and unnecessary bureaucratic burden to well-functioning CB markets;
Amendment 119 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Supports the development of EBA recommendations for market standards and guidelines on best practices; encourageappreciates that the third step is voluntary convergence along these linesly;