9 Amendments of Robert GOEBBELS related to 2011/0203(COD)
Amendment 437 #
Proposal for a directive
Article 122 – paragraph 1 – point 4
Article 122 – paragraph 1 – point 4
(4) ‘'Domestically authorised institution’' means an institution that has been authorised in the Member State for which a particular designated authority is responsible for setting the countercyclical buffer rate;
Amendment 463 #
Proposal for a directive
Article 125 – paragraph 1 – point b – introductory part
Article 125 – paragraph 1 – point b – introductory part
(b) general guidance on:
Amendment 469 #
Proposal for a directive
Article 125 – paragraph 2 a (new)
Article 125 – paragraph 2 a (new)
2a. Where it issues a recommendation under paragraph 1, the ESRB shall duly take into account the differences between Member States and in particular the specificities of Member States with small and open economies.
Amendment 470 #
Proposal for a directive
Article 126 – paragraph 1
Article 126 – paragraph 1
1. Each Member State shall designate an public authority or body (hereafter, a ‘'designated authority’') that is responsible for setting the countercyclical buffer rate for that Member State.
Amendment 472 #
Proposal for a directive
Article 126 – paragraph 2 – introductory part
Article 126 – paragraph 2 – introductory part
2. Each designated authority shall calculate for every quarter a buffer guide as a reference to guide its exercise of judgement in setting the countercyclical buffer rate in accordance with paragraph 3. The buffer guide shall reflect, in a meaningful way, the credit cycle and the risks due to excess credit growth in the Member State and shall duly take into account specificities of the national economy. It shall be based on the deviation of the ratio of credit-to-GDP from its long-term trend, taking inter alia into account:
Amendment 475 #
Proposal for a directive
Article 126 – paragraph 2 – point a
Article 126 – paragraph 2 – point a
(a) thean indicator of growth of levels of credit within that jurisdiction and, in particular, an indicator reflective of the changes in the ratio of credit granted in that Member State to GDP;
Amendment 485 #
Proposal for a directive
Article 126 – paragraph 4 – subparagraph 2
Article 126 – paragraph 4 – subparagraph 2
Where, in setting the countercyclical buffer rate, a designated authority takes into account variables mentioned in point (c), and the setting of that buffer rate would have been lower if variables mentioned in point (c) had not been taken into account, the designated authority shall notify EBA and the ESRB. EBA and the ESRB shall assess whether the variables on which the buffer rate is based relate to risks to financial stability and whether the setting of a buffer rate taking into account those variables is consistent with the fundamental principles of the internal market for financial services as reflected in Union legislation in the field of financial services.
Amendment 488 #
Proposal for a directive
Article 126 – paragraph 4 – subparagraph 3
Article 126 – paragraph 4 – subparagraph 3
Amendment 501 #
Proposal for a directive
Article 126 – paragraph 9
Article 126 – paragraph 9