11 Amendments of Henk Jan ORMEL related to 2015/0270(COD)
Amendment 40 #
Proposal for a regulation
Recital 17
Recital 17
(17) EDIS should progressively evolve from a reinsurance scheme into a fully mutualised co-insurance scheme over a number of years. In the context of efforts to deeThis regulation establishes the first stage of a European the EMU, together with the work on the establishment of bridge- financing arrangements for the Single Resolution Fund (SRF) and on developing a common fiscal backstopDeposit Insurance Scheme (EDIS 1), twhis step is necessary to reduce the bank/sovereign links in individual Member States by means of steps towards risk sharing among all the Member States in the Banking Union, and thereby to reinforce the Banking Union in achieving its key objective. However, such risk sharing implied by steps to reinforce Banking Union must proceed in parallel with risk reducing measures designed to break the bank-sovereign link more directly.ch operates as a liquidity scheme that provides loans to participating deposit guarantee schemes. The aim is to make progress to a full insurance scheme with loss coverage at a later stage, following a new Commission proposal and subject to further risk-reduction conditions;
Amendment 45 #
Proposal for a regulation
Recital 18
Recital 18
Amendment 76 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – introductory part
Article 1 – paragraph 2 – subparagraph 1 – introductory part
2. In addition, this Regulation establishesstage 1 of a European Deposit Insurance Scheme ('EDIS I') in three successive stages:
Amendment 82 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – indent 1
Article 1 – paragraph 2 – subparagraph 1 – indent 1
– a reinsurance scheme that, to a certain extent, provides funding and covers a share of the losses of participating deposit guarantee schemes in accordance with Article 41ato operate as a liquidity scheme that provides loans to participating deposit guarantee schemes in accordance with Article 41a, with the aim to make progress to a full insurance scheme with loss coverage at a later stage, following a new Commission proposal in line with Article 94;
Amendment 87 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – indent 2
Article 1 – paragraph 2 – subparagraph 1 – indent 2
Amendment 92 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – indent 3
Article 1 – paragraph 2 – subparagraph 1 – indent 3
Amendment 283 #
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 –subparagraph 4 – point f a (new)
Article 74 c – paragraph 5 –subparagraph 4 – point f a (new)
(fa) the concentration of exposures to the central government and the central bank of the Member State where the credit institution is authorised;
Amendment 287 #
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 –subparagraph 4 – point f b (new)
Article 74 c – paragraph 5 –subparagraph 4 – point f b (new)
(fb) the concentration of exposures of the credit institution to each Member State’s central government and central bank
Amendment 289 #
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 –subparagraph 4 – point f c (new)
Article 74 c – paragraph 5 –subparagraph 4 – point f c (new)
(fc) whether the credit institution is subject to prudential requirements under Directive EU/2013/36 and Regulation (EU) No 575/2013
Amendment 312 #
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 [five years after entry into force of this amending Regulation] the Commission shall review the functioning of EDIS I. The review shall assess in particular the following: (a) the adequacy of funding mechanism and target level of EDIS I and the cases of use of the liquidity mechanism. For the assessment of the appropriate target level, the benefits of pooling funds and mutualising liquidity risk through EDIS I shall be particularly taken into account; (b) the scope of measures financed by EDIS I under article 41a and the entities referred to in Article 2(2), point (b); (c) the appropriateness of an extension of EDIS I from providing liquidity support to deposit insurance mechanisms; (d) 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.
Amendment 318 #
Proposal for a regulation
Article 1 – paragraph 1 – point 40
Article 1 – paragraph 1 – point 40
Regulation (EU) No 806/2014
Article 99 – paragraph 5 a
Article 99 – paragraph 5 a
5a. By way of derogation from paragraph 2, Article 1(2), Part IIa and Part III, Title V Chapter 2 Section 1a shall apply from [OP insert date of entry into force of this Regulation];the latest of the following dates: a) date of entry into force of this amending Regulation; b) date of entry into force of the Directive on accelerated extrajudicial collateral enforcement mechanism (AECE); c) date of completion of a targeted asset quality review of all less significant institutions referred to in Article 6(4) of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions.