BETA

4 Amendments of Eva KAILI related to 2015/0225(COD)

Amendment 58 #
Proposal for a regulation
Recital 4
(4) Capital requirements for positions in a securitisation under Regulation (EU) No 575/2013 should be subject to the same calculation methods for all institutions. In the first instance and to remove any form of mechanistic reliance on external ratings, an institution should use its own calculation of regulatory capital requirements where the institution has permission to use the Internal Ratings Based approach (the "IRB") in relation to exposures of the same type as those underlying the securitisation and is able to calculate regulatory capital requirements in relation to the underlying exposures as if these had not been securitised ("Kirb"), in each case subject to certain pre-defined inputs (the "SEC-IRBA"). AThe Securitisation External Ratings-BaStandardised Approach (the "SEC-ERBSA") should then be available to institutions that may not use the SEC- IRBA in relation to their positions in a given securitisation. Under the SEC- ERBA, capital requirements should be assigned to securitisation tranches on the basis of their external rating. When the first two approaches are not available or the use of the SEC-ERBA would result in incommensurate regulatory capital requirements relative to the credit risk embedded in the underlying exposures, institutions should be able to apply the Securitisation Standardised Approach (the "SEC-SA") whiThis approach should rely on a supervisory-provided formula using as an input the capital requirements that would be calculated under the Standardised Approach to credit risk (the "SA") in relation to the underlying exposures if these had not been securitised ("Ksa").
2016/09/06
Committee: ECON
Amendment 128 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 254 – paragraph 2 – point b
(b) where the SEC-IRBA may not be used, institutions shall use the Securitisation External Ratings-Basethe standard Aapproach (SEC-ERBA) for rated positions or positions in respect of which an inferred rating maySA) shall be used in accordance with Aarticles 2613 and 2624;
2016/09/06
Committee: ECON
Amendment 132 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 254 – paragraph 2 – point c
(c) where the SEC-ERBA may not be used, institutions shall use the Securitisation Standardised Approach (SEC-SA) in accordance with Articles 263 and 264.deleted
2016/09/06
Committee: ECON
Amendment 136 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 254 – paragraph 3
(3) By derogation from paragraph 2(b), institutions may use the SEC-SA instead of the SEC-ERBA in relation to all the positions they hold in a securitisation where the risk-weighted exposure amounts resulting from the application of the SEC-ERBA is not commensurate to the credit risk embedded in the exposures underlying the securitisation. Where the institution has decided to apply the SEC-SA in accordance with this paragraph, it shall promptly notify the competent authority. Where an institution has applied the SEC- SA in accordance with this paragraph, the competent authority may require the institution to apply a different method.deleted
2016/09/06
Committee: ECON