51 Amendments of Caroline NAGTEGAAL related to 2016/0360A(COD)
Amendment 215 #
Proposal for a regulation
Recital 54 a (new)
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.
Amendment 222 #
Proposal for a regulation
Recital 56 a (new)
Recital 56 a (new)
(56a) In line with the Fundamental Review of the Trading Book (FRTB) that the Basel Committee proposed in order to introduce the risk factor modellability assessment framework based on real price criteria, banks should be able to assess their required threshold for a risk factor based on reliable price data that reflects the market reality. Transaction data originated only from the bank may not suffice for a reliable risk assessment. This regulation should allow banks the use of data aggregators, that can also be provided by third parties, as an instrument that pools and sources real prices across the markets, broadens the view of the bank’s risk assessment and improves there liability of the data used to model the risk factor threshold.
Amendment 273 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – introductory part
Article 8 – paragraph 1 – introductory part
1. CThe competent authorities may waive in full or in part the application of Part Six to an institution and to all or some of its subsidiaries having their head offices situated in the same Member State as the institution's head office Union and supervise them as a single liquidity sub- group, where so long as they fulfil all of the following conditions are satisfied:
Amendment 274 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point a
Article 8 – paragraph 1 – point a
(a) the parent institution on a consolidated basis or a subsidiary institution on a sub- consolidated basis complies with the obligations laid down in Part Six;
Amendment 276 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(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 of all institutions within the liquiditygroup or sub- group, that are subject to the waiver in accordance with this paragraph and ensures a sufficient level of liquidity for all of thoese institutions;
Amendment 277 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point c
Article 8 – paragraph 1 – point c
(c) the institutions within the liquidity sub-group have entered into contracts that, to the satisfaction of the competent authorities, provide for the free movement of funds between them to enable them to meet their individual and joint obligations as they become due;
Amendment 278 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point d
Article 8 – paragraph 1 – point d
(d) there is no current or expectedforeseen material practical or legal impediment to the fulfilment of the contracts referred to in point (c).
Amendment 281 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 a (new)
Article 8 – paragraph 1 a (new)
1 a. The competent authorities may waive in full or in part the application of Part Six to an institution and to all or some of its subsidiaries where all institutions of the single liquidity sub- group are authorised in the same Member State and provided that the conditions in paragraph 1 are fulfilled.
Amendment 284 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 2 – introductory part
Article 8 – paragraph 2 – introductory part
2. Competent authorities may waive in full or in part the applicaWhere institutions of Part Six to an institution and to all or some of the single liquiditsy subsidiaries having their head offices situated in different Member States than the institution's head office and supervise them as a single liquidity sub-group, only-group are authorised in several Member States, paragraph 1 shall only be applied after following the procedure laid down in Article 21 and only to the institutions whose competent authorities agree about the following elements:
Amendment 285 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 2 – point a
Article 8 – paragraph 2 – point a
Amendment 290 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 3
Article 8 – paragraph 3
Amendment 302 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 7 a (new)
Article 8 – paragraph 7 a (new)
7a. The European Commission shall report on the granting of liquidity and funding waivers by Competent Authorities in particularly in cross-border situations and report back to the Parliament on the functioning of cross-border liquidity sub- groups.
Amendment 322 #
Proposal for a regulation
Article 1 – paragraph 1 – point 14
Article 1 – paragraph 1 – point 14
Regulation (EU) No 575/2013
Article 36 – paragraph 1 – point b
Article 36 – paragraph 1 – point b
Amendment 388 #
Proposal for a regulation
Article 1 – paragraph 1 – point 27
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72b – paragraph 2 – subparagraph 1 a (new)
Article 72b – paragraph 2 – subparagraph 1 a (new)
By way of derogation from this paragraph and Articles 72b (3)(a) and 72(b) (4)(b) below, instruments issued by entities referred to in points (a), (b), (c) and (d) of Article 1 (1)of Directive 2014/59/EU prior to [date of application of the Regulation amending CRR] shall qualify as eligible liabilities instruments where they at least meet the conditions laid down in points (a), (b), (c), (d) and (e) provided that they do not need to meet point (d) for the purpose of Article 45b of Directive2014/59/EU.
Amendment 405 #
Proposal for a regulation
Article 1 – paragraph 1 – point 27
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72c – paragraph 2 a (new)
Article 72c – paragraph 2 a (new)
2 a. For the purposes of paragraph 1, where an eligible liabilities instrument includes one or more early repayment options including call options exercisable by the issuer, the maturity of the instrument shall be defined as the original stated maturity of the instrument, unless the provisions governing the instrument include an explicit incentive for the principal amount of the instrument to be called, redeemed, repaid or repurchased prior to the original stated maturity. Where the provisions governing the instrument include an explicit incentive for the principal amount of the instrument to be called, redeemed, repaid or repurchased prior to the original stated maturity, the maturity of the instrument shall be defined as the earliest possible date upon which such an issuer redemption or repayment option may be exercised.
Amendment 559 #
Proposal for a regulation
Article 1 – paragraph 1 – point 52 a (new)
Article 1 – paragraph 1 – point 52 a (new)
(52a) In Article 124, paragraph 2 is replaced by the following: "2. Based on the data collected under Article 101, and any other relevant indicators, the competent authorities shall periodically, and at least annually, assess whether the risk-weight of 20% or 35 % for exposures secured by mortgages on residential property referred to in Article 125 and the risk weight of 50 % for exposures secured on commercial immovable property referred to in Article 126 located in their territory are appropriately based on: (a) the loss experience of exposures secured by immovable property; (b) forward-looking immovable property markets developments; Competent authorities may set a higher risk weight or stricter criteria than those set out in Article 125(2) and Article 126(2), where appropriate, on the basis of financial stability considerations. For exposures secured by mortgages on residential property, the competent authority shall set the risk weight at a percentage from 3520 % througho 150 %,. For exposures secured on commercial immovable property, the competent authority shall set the risk weight at a percentage from 50 % through 150 %, Within these ranges, the higher risk weight shall be set based on loss experience and taking into account forward-looking markets developments and financial stability considerations. Where the assessment demonstrates that the risk weights set out in Article 125(2) and Article 126(2) do not reflect the actual risks related to one or more property segments of such exposures, fully secured by mortgages on residential property or on commercial immovable property located in one or more parts of its territory, the competent authorities shall set, for those property segments of exposures, a higher risk weight corresponding to the actual risks. The competent authorities shall consult EBA on the adjustments to the risk weights and criteria applied, which will be calculated in accordance with the criteria set out in this paragraph as specified by the regulatory technical standards referred to in paragraph 4 of this Article. EBA shall publish the risk weights and criteria that the competent authorities set for exposures referred to in Articles 125, 126 and 199(1)(a)." ." Or. en (http://eur-lex.europa.eu/legal-content/en/TXT/?uri=celex%3A32013R0575)
Amendment 565 #
Proposal for a regulation
Article 1 – paragraph 1 – point 52 a (new)
Article 1 – paragraph 1 – point 52 a (new)
Regulation (EU) No 575/2013
Article 125 – paragraph 1 – point a
Article 125 – paragraph 1 – point a
(52a) In paragraph 1 of Article 125, point (a) is replaced by the following: "(a) exposures or any part of an exposure fully and completely secured by mortgages on residential property which is or shall be occupied or let by the owner, or the beneficial owner in the case of personal investment companies, shall be assigned a risk weight of 35 %;" (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013R0575&from=20% or 35% in accordance with the conditions of paragraph 2;" Or. en)
Amendment 569 #
Proposal for a regulation
Article 1 – paragraph 1 – point 52 a (new)
Article 1 – paragraph 1 – point 52 a (new)
Regulation (EU) No 575/2013
Article 125 – paragraph 2 – point d
Article 125 – paragraph 2 – point d
(52a) In paragraph 2 of Article 125, point (d) is replaced by the following: "(d) unless otherwise determined under Article 124(2), the part of the loan to which the 3520 % risk weight is assigned does not exceed 8075 % of the market value of the property in question or 8075 % of the mortgage lending value of the property in question in those Member States that have laid down rigorous criteria for the assessment of the mortgage lending value in statutory or regulatory provisions; the part of the loan which exceeds 75% of the market value of the property in question or 75% of the mortgage lending value of the property in question receives a risk weighting of 35%."
Amendment 596 #
Proposal for a regulation
Article 1 – paragraph 1 – point 60 a (new)
Article 1 – paragraph 1 – point 60 a (new)
Regulation (EU) No 575/2013
Article 234
Article 234
(60a) Article 234 is replaced by the following: "Article 234 Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranching Where an institution transfers a part of the risk of a loan in one or more tranches, the rules set out in Chapter 5 shall apply. A guarantee or financial collateral may be recognised as a credit risk mitigant in relation to exposures secured by real estate if it qualifies as eligible collateral under the credit risk mitigation framework. This may include mortgage insurance if it meets the operational requirements of the credit risk mitigation framework for a guarantee. Banks may recognise these risk mitigants in calculating the exposure amount. The LTV bucket and risk weight to be applied to the exposure amount must be determined before the application of the appropriate credit risk mitigation technique. The EBA shall develop draft regulatory technical standards to specify the operational requirement for the credit risk mitigating framework for a guarantee. Institutions may consider materiality thresholds on payments below which no payment shall be made in the event of loss to be equivalent to retained first loss positions and to give rise to a tranched transfer of risk."
Amendment 618 #
Proposal for a regulation
Article 1 – paragraph 1 – point 83
Article 1 – paragraph 1 – point 83
Regulation (EU) No 575/2013
Article 325 c – paragraph 1
Article 325 c – paragraph 1
Amendment 631 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 a i – table 4 – columns Sector and Risk weight – row Bucket 9
Article 325 a i – table 4 – columns Sector and Risk weight – row Bucket 9
Table 4 [Bucket 9 is subdivided in the following two categories:] Credit Quality Step 1 - Covered bonds issued by credit institutions in Member States: 1,0%; Credit Quality Step 2 and 3 - Covered bonds issued by credit institutions in Member States: 2.0%;
Amendment 634 #
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 √2. 3; (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 653 #
Proposal for a regulation
Article 1 – paragraph 1 – point 84
Article 1 – paragraph 1 – point 84
4. For the purposes of points (b) and (c) of paragraph 3, institutions may consider a price or a committed quote provided by a third party as a verifiable price, provided that the third party agrees to provide evidence of the transaction or a committed quote to competent authorities upon request. As evidence, the third party shall provide details of the transaction amount (needed to test that the transaction was not a negligible amount) and the transaction price (to assess the ‘realness’ of the transactions).
Amendment 718 #
Proposal for a regulation
Article 1 – paragraph 1 – point 103
Article 1 – paragraph 1 – point 103
Regulation No 575/2013/EU
Article 411 – point 15 a (new)
Article 411 – point 15 a (new)
(15a) "Factoring" means a contractual agreement between a business (assignor) and a financial entity (factor) in which the assignor assigns or sells its receivables to the factor in exchange of providing the assignor with one or more of the following services with regard to the receivables assigned: – advance of a percentage of the amount of receivables assigned generally short term, uncommitted and without automatic roll-over, – receivables management, collection and credit protection generally the factor administering the assignor’ sales ledger and collecting the receivables in its own name.
Amendment 719 #
Proposal for a regulation
Article 1 – paragraph 1 – point 103
Article 1 – paragraph 1 – point 103
Regulation No 575/2013/EU
Article 411 – subparagraph 1 a (new)
Article 411 – subparagraph 1 a (new)
For the purposes of this Part, factoring shall be treated as trade finance.
Amendment 737 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 d – paragraph 4
Article 428 d – paragraph 4
4. All derivative contracts referred to in points (a) to (e) of paragraph 2 of Annex II that involve a full exchange of principal amounts on the same date shall be calculated on a net basis across currencies, including for the purpose of reporting in a currency that is subject to a separate reporting in accordance with Article 415(2), even where those transactions are not included in the same netting set that fulfils the requirements set out in Articles 295, 296 and 297.
Amendment 772 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
A 50% RSF factor applies to securities that are held on balance sheet to hedge an exposure to a client facing equity derivative which are in turn re-used or re- pledged, and the period of encumbrance is for between six months and one year. If a higher required stable funding factor would apply then this should override this treatment. A 100% required stable funding factor applies to equity securities held to hedge an institution’s exposure to an equity derivative where the security is held on balance sheet and is encumbered for a period of greater than one year.
Amendment 783 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 r – paragraph 1 – point f a (new)
Article 428 r – paragraph 1 – point f a (new)
(fa) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3), with credit institutions and other regulated financial institutions as defined in Delegated Regulation (EU) 2015/61, where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU)2015/61, excluding high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation, and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;
Amendment 793 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point b
Article 428 s – point b
Amendment 803 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point d a (new)
Article 428 s – point d a (new)
(da) equity securities held to hedge an institution’s exposure to a client facing equity derivative which has been funded by initial margin. The initial margin should at a minimum cover the value of the equity securities held and the securities should be the same as the underlying exposure of the equity derivative transaction.
Amendment 806 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point d b (new)
Article 428 s – point d b (new)
Amendment 823 #
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) equity securities, or relevant portions of equity securities, held to hedge an institution’s exposure to a client facing equity derivative which would qualify as Level 2B liquid assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61 and which are the same as the underlying exposure of the equity derivative transaction but:- the institution has not received initial margin; or,- the value of the equity securities exceeds the value of initial margin received.
Amendment 828 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 x – paragraph 2
Article 428 x – paragraph 2
Amendment 840 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a c – point a
Article 428 a c – point a
(a) unencumbered assets eligible as Level 2B assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61, excluding Level 2B securitisations and high quality covered bonds referred to in points (a) and (e) of Article 12(1) of that Delegated Regulation, and equity securities described in Article 428rs(d) or Article 428w(c) regardless of their compliance with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in Articles 8 and 17 of that Delegated Regulation;
Amendment 845 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a c – point g a (new)
Article 428 a c – point g a (new)
(ga) equity securities, or relevant portions of equity securities, held to hedge an institution’s exposure to a client facing equity derivative which would not qualify as Level 2B liquid assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61 and which are the same as the underlying exposure of the equity derivative transaction but: – the institution has not received initial margin; or, – the value of the equity securities exceeds the value of initial margin received.
Amendment 848 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point c
Article 428 a f – point c
(c) unencumbered loans with a residual maturity of one year or more, excluding loans to financial customers, residential mortgage loans and loans referred to in Article 428r to 428ae, which are not past due for more than 90 days and which are assigned a risk weight of more than 35% in accordance with Chapter 2 of Title II of Part Three;
Amendment 849 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point c a (new)
Article 428 a f – point c a (new)
(ca) The part of the residential mortgage loans that exceeds 75% of the market value of the property in question or 75% of the mortgage lending value of the property in question;
Amendment 851 #
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point f
Article 428 a f – point f
(f) unencumbered exchange-traded equities that are not eligible as Level 2B assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61, excluding equity securities described in Article 428s(d) or Article428ac(h);
Amendment 888 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 a – paragraph 1 – point d
Article 429 a – paragraph 1 – point d
(d) where the institution is a public development credit institution, the exposures arising from assets that constitute claims on central governments, regional governments, local authorities or public sector entities in relation to public sector investments;
Amendment 903 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 a – paragraph 2 – point d
Article 429 a – paragraph 2 – point d
(d) subject to state aid rules, the central government, regional government or local authority has an obligation to protect the credit institution's viability or directly or indirectly guarantees at least 90% of the credit institution's own funds requirements, funding requirements or exposurespromotional loans granted;
Amendment 910 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 a – paragraph 2 – point e a (new)
Article 429 a – paragraph 2 – point e a (new)
(ea) At least 90% of the promotional loans are granted by the institution to central governments, regional governments, local authorities or entities providing public services. If the loan is provided to an entity providing public services the loan needs to be guaranteed by a central or regional government or a local authority.
Amendment 913 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 3 – introductory part
Article 429 c – paragraph 3 – introductory part
3. For the purposes of paragraph 1 of this Article, institutions calculating the replacement cost of derivative contracts in accordance with Article 275 may recognise only collateral received in cashthat qualifies as Level 1 high quality liquid assets in accordance with Article 10 of Delegated Regulation (EU) 2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation, regardless of their compliance with the operational requirements as set out in Article 8 of that Delegated Regulation from their counterparties as the variation margin referred to in Article 275, where the applicable accounting framework has not already recognised the variation margin as a reduction of the exposure value and where all of the following conditions are met:
Amendment 916 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 3 – point a
Article 429 c – paragraph 3 – point a
(a) for trades not cleared through a QCCP, the cash receivedLevel 1 high quality liquid asset received as collateral by the recipient counterparty is not segregated;
Amendment 922 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 3 – subparagraph 2
Article 429 c – paragraph 3 – subparagraph 2
For the purposes of the first subparagraph, where an institution provides cash collateral as referred to under paragraph 3 to a counterparty and that collateral meets the conditions laid down in points (a) to (e) of that subparagraph, the institution shall consider that collateral as the variation margin posted to the counterparty and shall include it in the calculation of replacement cost.
Amendment 928 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 4
Article 429 c – paragraph 4
4. For the purposes of paragraph 1 of this Article, institutions shall not include collateral received in the calculation of NICA as defined in point 12a of Article 272, except in the case of derivatives contracts with counterparties referred to under point (10) of Article 2 of Regulation (EU) No 648/2012 or with clients where those contracts are cleared by a QCCP.
Amendment 931 #
Proposal for a regulation
Article 1 – paragraph 1 – point 115
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 5
Article 429 c – paragraph 5
5. For the purposes of paragraph 1 of this Article, institutions shall set the value of the multiplier used in the calculation of the potential future exposure in accordance with Article 278(1) to one, except in the case of derivatives contracts with counterparties referred to under point (10) of Article 2 of Regulation (EU) No 648/2012 or with clients where those contracts are cleared by a QCCP.
Amendment 939 #
Proposal for a regulation
Article 1 – paragraph 1 – point 116
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 430 a – subparagraph 1 a (new)
Article 430 a – subparagraph 1 a (new)
The competent authority shall make sure that no more than 10% of the total value of the assets of all institutions in a Member States is subject to lower reporting requirements.
Amendment 981 #
Proposal for a regulation
Article 1 – paragraph 1 – point 116
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 448 – paragraph 1 – point e – point ii
Article 448 – paragraph 1 – point e – point ii
(ii) a description of the key modelling and parametric assumptions used in the institutions' internal measurement systems that would differ from the common modelling and parametric assumptions referred to in Article 98(5a) of Directive 2013/36/EU and paragraph 2 of this Article for the purpose of calculating changes to the economic value of equity and to the net interest income under the six supervisory scenarios, including the rationale for those differences;
Amendment 1003 #
Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point a a (new)
Article 1 – paragraph 1 – point 120 – point a a (new)
Regulation (EU) No 575/2013
Article 493 – paragraph 3 – point c
Article 493 – paragraph 3 – point c
(c) exposures, including participations or other kinds of holdings, incurred by an institution to its parent undertaking, to other subsidiaries of that parent undertaking or to its own subsidiaries, in so far as those undertakings are covered by the supervision on a consolidated basis to which the institution itself is subject, in accordance with this Regulation, Directive 2002/87/EC or with equivalent standards in force in a third country. Exposures that do not meet those criteria, whether or not exempted from Article 395(1) of this Regulation, shall be treated as exposures to a third party;aa) in paragraph 3, point (c) is deleted; deleted
Amendment 1026 #
Proposal for a regulation
Article 1 – paragraph 1 – point 127
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point c
Article 501 a – paragraph 1 – point c
(c) the primary source ofat least 50% of the repayment of the obligation is the income generated by the assets being financed, rather than the independent capacity of a broader commercial enterprise;or comes from regional, national or international subsidies, guarantees or investments from public bodies or other legal entities in the area of public services.
Amendment 1093 #
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1 – point b a (new)
Article 3 – paragraph 2 – subparagraph 1 – point b a (new)
(ba) competent authorities may allow the use of the exposure value calculation methods set out in Articles 274 to 280f for the purposes defined in Article 429 and 429c following the application date of paragraph (a). Notwithstanding this provision, institutions will be required to meet the disclosure obligations laid down Regulation (EU) 2016/200 until the application date of this Regulation.