4 Amendments of Tom VANDENKENDELAERE related to 2015/0270(COD)
Amendment 181 #
Proposal for a regulation
Recital 18
Recital 18
(18) EDIS should be established in three sequentialwo stages, first a reinsurance scheme that covers a gradually increasing share of the liquidity shortfall and of the excess losses of participating DGSs, followed by a co- and an insurance scheme that covers a gradually increasing share of the liquidity shortfall andexcess losses of participating DGSs and eventually resulting in a full insurance scheme that covers all liquidity needs and losses of participating deposit guarantee schemes. During the gradual build-up of EDIS, risk sharing and risk reduction should proceed in parallel.
Amendment 227 #
Proposal for a regulation
Recital 24
Recital 24
(24) The Deposit Insurance Fund should be financed by direct contributions from bankparticipating DGSs. Decisions taken within the EDIS, requiring the use of the Deposit Insurance Fund or of a national deposit guarantee scheme should not impinge on the fiscal responsibilities of the Member States. In that regard, only extraordinary public financial support should be considered to be an impingement on the budgetary sovereignty and fiscal responsibilities of the Member States.
Amendment 257 #
Proposal for a regulation
Recital 29
Recital 29
(29) The initial and final target level of the Deposit Insurance Fund should be established as a percentage of the total minimum target levels of participating DGSs. It should progressively reach 20% of four ninth of the total minimum target levels by the end of the reinsurance period and the sum of all minimum target levels by the end of the co-insurance periodThe target level of the Deposit Insurance Fund should reach 62,5 % of the total minimum target levels that participating DGSs are to reach in accordance with the first subparagraph of Article 10(2) of Directive 2014/49/EU. The possibility to apply for approval to authorise a lower target level in accordance with Article 10(6) of Directive 2014/49/EU should not be considered when setting the initial or final target levels of the Deposit Insurance Fund. An appropriate time frame should be set to reach the target level for the Deposit Insurance Fund.
Amendment 283 #
Proposal for a regulation
Recital 46
Recital 46
(46) In order for EDIS to function in an effective manner as of [….]1 January 2019, the provisions concerning the payment of contributions to the Deposit Insurance Fund, the establishment of all the relevant procedures and any other operational and institutional aspects should apply from XX3 July 2017.