12 Amendments of Jeppe KOFOD related to 2016/0360A(COD)
Amendment 627 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 a f – paragraph 3
Article 325 a f – paragraph 3
3. For the currencies included in the most liquid currency subcategory as referred to in point (b) of 325be(7) and the domestic currency of the institution, including currencies treated as domestic currencies according to Article 325 be (6A), the risk weights of the risk-free rate risk factors shall be the risk weights referred to in Table 3 of this Article divided by √2.
Amendment 628 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 a h
Article 325 a h
1. The parameter γbc = 50% shall be used to aggregate risk factors belonging to different buckets. 2. The parameter γbc=80% shall be used to aggregate risk factors belonging to different buckets of 325aw (2a).
Amendment 635 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 a w – paragraph 2
Article 325 a w – paragraph 2
2. The risk weight of the foreign exchange risk factors concerning currency pairs which are composed by the Euro and the currency of a Member State participating in the second stage of the economic and monetary union shall be one of the following: (a) the risk weight referred to in paragraph 1 divided by √23; (b) the maximum fluctuation within the fluctuation band formally agreed by the Member State and the European Central Bank if narrower than the fluctuation band defined under the second stage of the economic and monetary union (ERM II).
Amendment 645 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 b e – paragraph 6 a (new)
Article 325 b e – paragraph 6 a (new)
6a. For the purpose determining the most liquid currencies and domestic currencies for general interest rate broad risk subcategory in table 2, a National Competent Authority (NCA) may permit an institution to classify a currency as a domestic currency. In doing so, the NCA should evaluate that the institution has: (a) a sufficiently large presence in the given domestic interest rate market (b) access to liquidity with the local central bank
Amendment 684 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 b q – paragraph 5 – point a
Article 325 b q – paragraph 5 – point a
(a) the default probabilities shall be floored at 0,03%; for exposures other than exposures to central government, including central banks, and covered bonds issued by credit institutions in Member States.
Amendment 685 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 b q – paragraph 5 – point d
Article 325 b q – paragraph 5 – point d
(d) an institution that has been granted the permission to estimate default probabilities in accordance with Section 1, Chapter 3, Title II, Part 3 shall use the methodology set out in Section 1, Chapter 3, Title II, Part 3 to calculinternal probabilities of default computed in accordance with Section 1, Chapter 3, Title II, Part 3 for all issuers for which such internal probability of default is available and up-to-date; where no internal probability of default is available or appropriately up-to-date, an institution shall either use its approved internal methodology or use external sources to estimate default probabilities;.
Amendment 709 #
Proposal for a regulation
Article 1 – paragraph 1 – point 103
Article 1 – paragraph 1 – point 103
Regulation (EU) No 575/2013
Article 411 – point 6 – introductory part
Article 411 – point 6 – introductory part
(6) 'non-mandatory over- collateralisation' means any amount of assets which the institution is not obliged to attach to a covered bond issuance by virtue of legal or regulatory requirements, contractual commitments or for reasons of market discipline, including in particular where:
Amendment 712 #
Proposal for a regulation
Article 1 – paragraph 1 – point 103
Article 1 – paragraph 1 – point 103
Regulation (EU) No 575/2013
Article 411 – point 6 – point b
Article 411 – point 6 – point b
Amendment 715 #
Proposal for a regulation
Article 1 – paragraph 1 – point 103
Article 1 – paragraph 1 – point 103
Regulation (EU) No 575/2013
Article 411 – point 6 – point c
Article 411 – point 6 – point c
Amendment 767 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 p – paragraph 4 – point c
Article 428 p – paragraph 4 – point c
(c) all assets attached as non- mandatory overcollateralisationzation and level 1 and 2 assets, as referred to in Article 10, 11 and 12 of Commission Delegated Regulation (EU) 2015/61, attached to a covered bond issuance.
Amendment 824 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428 w – point b a (new)
Article 428 w – point b a (new)
(ba) unencumbered covered bonds with a credit quality step 1 credit assessment that do not meet the minimum issue size for extremely high quality covered bonds or high quality covered bonds in accordance with point (f)(iv) of Article 10(1), point (c)(iv) of Article 11(1) or point (e)(iv) of Article 12(1) of Delegated Regulation (EU) 2015/61, but meet the requirements for high quality covered bonds laid down in points (I), (ii), (iii), and (iv) in Article 10(1),
Amendment 856 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428 a f – point h (new)
Article 428 a f – point h (new)
(h) encumbered assets with a residual maturity of one year or more in a cover pool funded by covered bonds as referred to in Article 52(4) of Directive 2009/65/EC or covered bonds that meet the eligibility requirements for the treatment set out in Article 129(4) or (5)