8 Amendments of Wolf KLINZ related to 2018/0060(COD)
Amendment 62 #
Proposal for a regulation
Recital 1
Recital 1
(1) The establishment of a comprehensive strategy to address the issue of non-performing exposures (NPEs) is a priority for the Union. While addressing NPEs is primarily the responsibility of banks and Member States, there is also a clear Union dimension to reduce the current high stocks of NPEs, as well as to prevent any excessive build-up of NPEs in the future. Given the interconnectedness of the banking and financial systems across the Union where banks operate in multiple jurisdictions and Member States, there is significant potential for spill-over effects for Member States and the Union at large, both in terms of economic growth and financial stability.
Amendment 63 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1 a) Consumers should not be deemed exclusively responsible of the cause of the severe build-up of NPLs during the years of the financial crisis. In some Member States, housing bubbles were caused by irresponsible lending practices, and an over-reliance on the growth of house prices. An incorrect implementation and transposition of Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions (Late Payments Directive) was also at the roots of the NPLs’ increase, as several small and medium- size enterprises (SMEs) could not attend their dues when facing a late payment. The Union therefore acknowledges that consumers are not to be deemed responsible for the severe increase of the NPL portfolio in the EU.
Amendment 66 #
Proposal for a regulation
Recital 2
Recital 2
(2) An integrated financial system will enhance the resilience of the European Monetary Union to adverse shocks by facilitating private cross-border risk- sharing, while at the same time reducing the need for public risk-sharing. In order to achieve these objectives, the Union should complete the Banking Union and further develop a Capital Markets Union. Addressing the current high stocks of NPEs and their possible future accumulation is essential to completing the Banking Union as it is essential for ensuring competition in the banking sector, preserving financial stability and encouraging lending so as to create jobs and growth within the Union.
Amendment 105 #
Proposal for a regulation
Recital 12
Recital 12
(12) In order to facilitate a smooth transition towards this new prudential backstop, the new rules should not be applied in relation to exposures originatedthat were classified as non performing prior to 14 March January 20184. The Commission has repeatedly made public its intention to introduce a prudential backstop for NPEs. As of the date of the legislative proposal there should be sufficient clarity for institutions and other stakeholders on how the prudential backstop envisaged by the Commission would apply.
Amendment 332 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point o
Article 47c – paragraph 3 – point o
(o) 10,85 for the secured part of a non- performing exposure to be applied as of the first day of the eighth year following its classification as non-performing, where the obligor is past due more than 90 days;
Amendment 362 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
Regulation (EU) No 575/2013
Article 47c – paragraph 5 – subparagraph 1
Article 47c – paragraph 5 – subparagraph 1
EBA shall assess the range of practices applied for the valuation of secured non- performing exposures and may develop guidelines to specify the scope, the level, a common methodology, including possible minimum requirements for re-valuation in terms of timing and ad hoc methods, for the prudential valuation of eligible forms of funded and unfunded credit protection, in particular regarding assumptions pertaining to their recoverability and enforceability. When developing these guidelines, EBA shall take into account also the effects of the provisioning standards, and harmonisation of supervisory practices. EBA may include additional considerations in its guidelines if deemed necessary.
Amendment 372 #
Proposal for a regulation
Article 1 – paragraph 7
Article 1 – paragraph 7
Regulation (EU) No 575/2013
Article 469a – subparagraph 1
Article 469a – subparagraph 1
By way of derogation from Article 36(1)(m), institutions shall not deduct from Common Equity Tier 1 items the applicable amount of insufficient coverage for non performing exposures where the exposure was incurredclassified as non performing prior to 14 March January 20184.
Amendment 376 #
Proposal for a regulation
Article 1 – paragraph 7
Article 1 – paragraph 7
575/2013
Article 469a – subparagraph 2
Article 469a – subparagraph 2
Where the terms and conditions of an exposure which was incurredclassified as non performing prior to 14 March January 20184 are modified by the institution in a way that increases the institution's exposure to the obligor, the exposure shall be considered as having been incurred on the date when the modification applies and shall cease to be subject to the derogation provided in the first subparagraph..