Activities of José GUSMÃO related to 2020/0066(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards adjustments in response to the COVID-19 pandemic
Amendments (6)
Amendment 36 #
Proposal for a regulation
Recital 13
Recital 13
(13) In March 2020, the Group of Central Bank Governors and Heads of Supervision (GHOS) has revised the implementation timeline of the final elements of the Basel framework. Whilst most of the final elements still need to be implemented in Union law, the leverage ratio buffer requirement for global systemically important institutions has already been implemented through the amendments brought by Regulation (EU) 2019/876. Therefore, the date of application for the leverage ratio buffer requirement should be deferred by one year to 1 January 2023, as agreed internationally. The date of application set in Regulation (EU) 2019/876 should be revised accordingly in order to ensure a level playing field internationally for institutions established in the Union and operating outside the Union. With the application of the leverage ratio buffer requirement postponed, during the postponement period there would be no consequences for the failure to meet that requirement as set out in Article 141c of Directive 2013/36/EU and no related restriction on distributions set out in Article 141b of that Directive.
Amendment 39 #
Proposal for a regulation
Recital 16
Recital 16
Amendment 42 #
Proposal for a regulation
Recital 18
Recital 18
(18) For the extraordinary support measures adopted to alleviate the impact of the COVID-19 pandemic to be fully effective with regard to keeping the banking sector more resilient and providing an incentive to the institutions to continue lending, it is necessary for the alleviating effect of those measures to be immediately reflected in the way in which regulatory capital requirements are determined. Institutions that benefit from any relief and capital conservation measures should, however, not be allowed to make any distributions to shareholders (dividends, buy-backs, AT1 coupons) and discretionary payments to staff (bonuses). Having regard to the urgency of those adjustments to the prudential framework, this Regulation should enter into force on the day following that of its publication in the Official Journal of the European Union.
Amendment 111 #
Proposal for a regulation
Article 2 – paragraph 1 – point 2
Article 2 – paragraph 1 – point 2
Regulation (EU) 2019/876
Article 3 – paragraph 5
Article 3 – paragraph 5
Amendment 113 #
Proposal for a regulation
Article 2 – paragraph 1 – point 3
Article 2 – paragraph 1 – point 3
Regulation (EU) 2019/876
Article 3 – paragraph 7
Article 3 – paragraph 7
Amendment 114 #
Proposal for a regulation
Article 2 a (new)
Article 2 a (new)
Article 2a Competent authorities shall ensure that institutions as defined in Article 4 (1)(3) of Regulation (EU) No 575/2013(CRR) and which benefit from any temporary capital and operational relief measures refrain from making any distributions to shareholders (dividends, buy-backs, Additional Tier1 coupons) and discretionary payments to staff (bonuses).