[ParlTrack]

Proposal for a regulation
Article 1 – paragraph 1 – point 11 a (new)

Regulation (EU) No 575/2013
Article 47a – paragraph 7a (new)

(11 a) in Article 47a, the following paragraph is added: 7a. For the purposes of point (m) of Article 36(1), when an eligible protection provider compensates credit losses according to the original scheduled payment dates of the guaranteed exposure, and that payment is effective, the eligible protection provider shall replace the guaranteed party as debtor.

2022/08/11
Committee: ECON

Pedro MARQUES

Proposal for a regulation
Article 1 – paragraph 1 – point 199 a (new)

Regulation (EU) No 575/2013
Article 500da (new)

(199 a) the following article is inserted: Article 500 da 1. For the purpose of calculating loss in accordance with point (2) of Article 5, the artificial cashflow may reflect: (i) principal: total outstanding amount of the full loan at the moment of cure, but only the amount of missed payments (i.e. actual past due payments) accrued up to the moment of cure should be discounted; (ii) interest: amount accrued between the moment of default and the moment of cure; (iii) fees: amount accrued between the moment of default and the moment of cure; (iv) additional observed recoveries: total amount received up to the moment of cure; (v) additional drawings: firms should follow the requirements of CRR Articles 182(1)(c), 181(2)(b) and 182(3). Additional drawings included in the artificial cash flow should be treated in the same way as the principal; and (vi) costs: amount accrued between the moment of default and the moment of cure. 2. In applying point 1, the “moment of cure” may be defined as the moment when no triggers of default continue to apply at the start of the final probation period. 3. The artificial cash flow may be discounted over the actual period of default only (i.e. between the moment of default and the moment of cure) and, therefore, should not be discounted over any additional time period after the moment of cure, such as the final probation period. The rate at which artificial cash flow may be discounted should be based solely on the primary interbank offered rate during the period of default.

2022/08/18
Committee: ECON

Pedro MARQUES

Proposal for a regulation
Article 1 – paragraph 1 – point 205

Regulation (EU) No 575/2013
Article 519d – paragraph 1 – introductory part

By [OP please insert the date = 6024 months after date of application of Part Three, Title III], the EBA shall report to the Commission on all of the following:

2022/08/18
Committee: ECON

Pedro MARQUES

Proposal for a regulation
Article 1 – paragraph 1 – point 205

Regulation (EU) No 575/2013
Article 519d – paragraph 1 – point a

(a) the use of insurance in the context of the calculation of the own funds requirements for operational risk, including the use of insurance policies as a mitigation technique for operational risk own funds requirements;

2022/08/18
Committee: ECON

4 Amendments of Pedro MARQUES related to 2021/0342(COD)

ParlTrack - 2011-2024