[ParlTrack]

Caroline NAGTEGAAL, Wolf KLINZ, Lieve WIERINCK, Ashley FOX, Petr JEŽEK

Proposal for a regulation
Recital 54 a (new)

(54a) The main purpose of this regulation is promoting prudential behaviour of financial institutions. Before granting lower risk weights to green or social liabilities the European Commission should carry out an impact assessment that shows that lower risk weighting is justified by an overestimation of the risk over an entire economic cycle under the standard approach.

2018/02/02
Committee: ECON

Tom VANDENKENDELAERE, Lieve WIERINCK, Sander LOONES, Hugues BAYET, Lívia JÁRÓKA, Dariusz ROSATI

Proposal for a regulation
Recital 56

(56) In light of the strengthened group supervision resulting from the reinforcement of the prudential regulatory framework and the establishment of the Banking Union, it is desirable that institutions take ever more advantage of the benefits of the single market, including for ensuring an efficient management of capital and liquidity resources throughout the group. Therefore the possibility to waive the application of requirements on an individual level for subsidiaries or parents should be available to cross-border groups, provided there are adequate safeguards to ensure that sufficient capital and liquidity will be at the disposal of entities subject to the waiver. Where all the safeguards are met, it will be for the competent authority to decide whether to grant such waivers. Competent authorities' decisions should be duly justified.deleted

2018/02/02
Committee: ECON

Tom VANDENKENDELAERE, Lívia JÁRÓKA, Sander LOONES, Hugues BAYET, Dariusz ROSATI, Lieve WIERINCK

Proposal for a regulation
Article 1 – paragraph 1 – point 5

Regulation (EU) No 575/2013
Article 7 – paragraphs 1 and 2

~~(5) In Article 7, paragraphs 1 and 2 are replaced by the following: [...]~~deleted

2018/02/02
Committee: ECON

Tom VANDENKENDELAERE, Lieve WIERINCK, Sander LOONES, Hugues BAYET, Lívia JÁRÓKA, Dariusz ROSATI

Proposal for a regulation
Article 1 – paragraph 1 – point 6

(b) the parent institution on a consolidated basis or the subsidiary institution on a sub-consolidated basis monitors and has oversight at all times over the liquidity positions, and the funding positions where the NSFR set out in Title IV of Part Six is waived, of all institutions within the ~~liquidity~~group or sub- group, that are subject to the waiver ~~in accordance with this paragraph~~ and ensures a sufficient level of liquidity, and of stable funding where the NSFR set out in Title IV of Part Six is waived, for all of those institutions;

2018/02/02
Committee: ECON

Tom VANDENKENDELAERE, Lieve WIERINCK, Hugues BAYET, Lívia JÁRÓKA, Dariusz ROSATI, Sander LOONES

Proposal for a regulation
Article 1 – paragraph 1 – point 6

Regulation (EU) No 575/2013
Article 8 – paragraph 2 – point c

(c) the distribution of amounts, location and ownership of the required liquid assets to be held within the single liquidity sub-group where the LCR as defined in Delegated Regulation (EU) 2015/61 is waived and the distribution of amounts and location of available stable funding within the single liquidity sub- group where the NSFR set out in Title IV of Part Six of this Regulation is waived;

2018/02/02
Committee: ECON

Tom VANDENKENDELAERE, Lieve WIERINCK, Sander LOONES, Hugues BAYET, Lívia JÁRÓKA, Dariusz ROSATI

Proposal for a regulation
Article 1 – paragraph 1 – point 6

Regulation (EU) No 575/2013
Article 8 – paragraph 2 – point d

(d) the determination of minimum amounts of liquid assets to be held by institutions for which the application of ~~Part Six will be~~the LCR as defined in Delegated Regulation (EU) 2015/61 is waived and the determination of minimum amounts of available stable funding to be held by institutions for which the application of the NSFR set out in Title IV of Part Six of this Regulation is waived;

2018/02/02
Committee: ECON

6 Amendments of Lieve WIERINCK related to 2016/0360A(COD)

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