6 Amendments of Othmar KARAS related to 2014/0020(COD)
Amendment 125 #
Proposal for a regulation
Recital 13
Recital 13
(13) This Regulation will apply only to credit institutions and groups with trading activities that meet thresholds set out in the Regulation. This is in line with the explicit focus on the limited subset of the largest and most complex credit institutions and groups that in spite of other legislative acts remain too-big-to-fail, too-big-to-save and too complex to manage, supervise and resolve. The provisions of this Regulation should accordingly only apply to those Union credit institutions and groups that either are deemed of global systemic importance or exceed certain relative and absolute accounting-based thresholds in terms of trading activity or absolute size. Member States orIn order to reduce or remove material impediments to the application of resolution tools and to ensure the resolvability of the entities concerned, the competent authorities may decide to impose similar measures also on smaller credit institutions on the basis of Directive 2014/59/EU of the European Parliament and of the Council.
Amendment 249 #
Proposal for a regulation
Article 3 – paragraph 1 – point b – introductory part
Article 3 – paragraph 1 – point b – introductory part
(b) any of the following entities that for a period of three consecutive years has total assets amounting at least to EUR 30 billion and has trading activitirelated risk exposures amounting at least to EUR 70 billion or 150 per cent of its total assetsown funds and eligible liabilities for bail-in requirements as defined in Article 45 of Directive 2014/59/EU [BRRD]:
Amendment 370 #
Proposal for a regulation
Article 8 – paragraph 1 – introductory part
Article 8 – paragraph 1 – introductory part
1. For the purposes of this Chapter, trading activities shall not include activities other thanthe following activities:
Amendment 388 #
Proposal for a regulation
Article 8 – paragraph 1 – point i a (new)
Article 8 – paragraph 1 – point i a (new)
(i a) assets purchased by the institutions in order to fulfil the requirements of the LCR according to the Commission Delegated Regulation 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions.
Amendment 539 #
Proposal for a regulation
Article 10 – paragraph 3 – subparagraph 4 a (new)
Article 10 – paragraph 3 – subparagraph 4 a (new)
Unless the competent authority concludes that trading activities pose a threat to the resolvability of the core credit institution or to financial stability, the core credit institution does not need prior permission to carry out trading activities, and in particular market making activities.
Amendment 766 #
Proposal for a regulation
Article 23 – paragraph 3 – subparagraph 1 a (new)
Article 23 – paragraph 3 – subparagraph 1 a (new)
For the purposes of Article 3, the total amount of own funds and eligible liabilities shall be calculated as the sum of the own funds of the institution, in accordance with Regulation (EU) No 575/2013, and the other liabilities qualified as eligible for the minimum requirement of eligible liabilities as defined in Article 45 of Directive 2014/59/EU (BRRD).