10 Amendments of Fabio DE MASI related to 2016/0360B(COD)
Amendment 49 #
Proposal for a regulation
Recital 51 a (new)
Recital 51 a (new)
(51a) Institutions should benefit from an optional phased-in transitional period of a maximum duration of three years. In line with the Standard on regulatory treatment of accounting provisions - interim approach and transitional arrangements of March 2017 by Basel Committee on Banking Supervision, the impact of the expected credit loss provisions on CET1 capital should not be fully neutralised during the transition period.
Amendment 51 #
Proposal for a regulation
Recital 51 b (new)
Recital 51 b (new)
(51b) Institutions should disclose publicly their capital ratios as well as their leverage ratio both with and without the application of the IFRS 9 transitional arrangements specified in this Regulation in order for the public to be able to determine the impact of those arrangements on those ratios.
Amendment 87 #
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 2020, 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, and institutions that are required pursuant to Article 24(2) of this Regulation to effect the valuation of assets and off-balance sheet items and the determination of own funds in accordance with international accounting standards, shall, by way of derogation from Article 50 of this Regulation, 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 100 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 2
Article 473a – paragraph 2
2. The amount referred to in paragraph 1 shall be calculated asthe greater of the following, but only in case the total impact of IFRS 9 on CET 1 is negative: (a) zero (b) the after-tax amount calculated in accordance with point (i) reduced by the amount calculated in accordance with point (ii): (i) the sum of the twelve month expected credit losses determined in accordance with paragraph 5.5.5 of the Annex to Commission Regulation (EU) No …. / 2016 (32 )2016/2067 and the amount of the loss allowance for financial instruments equal to the lifetime expected losses determined in accordance with paragraph 5.5.3 of the Annex to Commission Regulation (EU) No …. / 2016 (1). _________________ 32 …./2016/2067 as at 1 January 20168 of .. …… 2016 adopting certain international accounting standards in accordance withr on the date of initial application of IFRS 9; (ii) the total amount of impairment losses on loans and receivables, held to maturity investments and available for sale assets determined in accordance with paragraphs 63, 67 and 68 of IAS 39 adopted in the Union by Commission Regulation (EC) No 160126/2002 of the European Parliament and of the Council (OJ L , ……, p. ).8 as at 31 December 2017 or on the day before the first application of IFRS 9. Commission Regulation (EU) No
Amendment 102 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119 (new)
Article 1 – paragraph 1 – point 119 (new)
Regulation (EU) No 575/2013
Article 473a – paragraph 2a (new)
Article 473a – paragraph 2a (new)
2a. For financial assets that are exposures subject to risk weighting in accordance with Chapter 3 of Title II of Part Three, institutions shall reduce the amount of expected credit losses for non- defaulted assets calculated in accordance with point (b)(i) of paragraph 2 of this Article by the expected loss shortfall amounts currently deducted from CET 1 capital calculated in accordance with Article 158(5), (6) and (10).Where the reduction would result in a negative amount it shall be calculated as zero.
Amendment 113 #
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) 10,7 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 2018;
Amendment 121 #
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) 0,84 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 2019 to 31 December 2019;
Amendment 132 #
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) 0,62 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 2020 to 31 December 2020.
Amendment 136 #
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
Amendment 151 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) 575/2013
Article 473a – paragraph 3 – point e
Article 473a – paragraph 3 – point e