4 Amendments of Engin EROGLU related to 2015/0270(COD)
Amendment 21 #
Proposal for a regulation
Recital 8
Recital 8
(8) Although Directive 2014/49/EU significantly improves the capacity of national schemes to compensate depositors, more efficient deposit guarantee arrangements are needed at the level of the Banking Union to ensure sufficient financial means to underpin the confidence of all depositors and thereby safeguard financial stability. EDIS would increase the resilience of the Banking Union against future crises by sharing risk more widely and would offer equal protection for insured depositors, supporting the proper functioning of the internal market. In order to limit the risk born by deposit holders, any form of EDIS should be linked to concrete risk-reducing measures such as the introduction of risk-weighted capital requirements to sovereign exposure;
Amendment 33 #
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) The scope of EDIS should not, at any time, cover entities that are members of institutional protection schemes as referred to in Article 113(7) of Regulation 575/2013. Including IPS within the scope of EDIS could lead to conflicts and legal uncertainty as regards contractual obligations of respective entities. Additionally, any new Union legislation should respect the integrity of systems that function without Union intervention.
Amendment 112 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) No 806/2014
Article 2 – paragraph 2 a (new)
Article 2 – paragraph 2 a (new)
2a. Any institution that falls within the scope of Article 113(7) of Regulation (EU) No 575/2013 (Capital Requirements Regulation) shall be excluded from the scope of this Regulation.
Amendment 313 #
Proposal for a regulation
Article 1 – paragraph 1 – point 39 a (new)
Article 1 – paragraph 1 – point 39 a (new)
Regulation (EU) No 806/2014
Article 94 – paragraph 3 a (new)
Article 94 – paragraph 3 a (new)
39a. in Article 94, the following paragraph is added: ‘3a. By 31 December eight years after entry into force of this amending Regulation the Commission shall review the functioning of EDIS I. The review shall be limited to the following: (a) the adequacy of funding mechanism and target level of EDIS I and the cases of use of the liquidity mechanism; (b) the appropriateness of an extension of EDIS I from providing liquidity support to deposit insurance mechanisms. (c) the appropriateness of introducing a publicly funded backstop mechanism or the DIF. The Commission shall submit a report to the European Parliament and the Council. Where appropriate the review shall be accompanied with a legislative proposal. The review shall not assess the scope of measures financed by EDIS I under article 41a and the entities referred to in Article 2(2), point (b)';