8 Amendments of Philippe LAMBERTS related to 2018/0042(COD)
Amendment 23 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b
Article 1 – paragraph 1 – point 1 – point b
Regulation (EU) No 575/2013
Article 129 – paragraph 1a – point b
Article 129 – paragraph 1a – point b
(b) for exposures to credit institutions with a maturity not exeeding 100 days that qualify for the credit quality step 2 the exposure shall not exceed 10 % of the total exposure of the nominal amount of outstanding covered bonds of the issuing credit institution;
Amendment 29 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b
Article 1 – paragraph 1 – point 1 – point b
Regulation (EU) No 575/2013
Article 129 – paragraph 1b
Article 129 – paragraph 1b
1b. For the purposes of point (d)(i) of the first subparagraph of paragraph 1, the limit of 80 % shall apply on a loan by loan basis and shall refer to the portion of the loan contributing to the coverage of liabilities attached to the covered bond and be applicable throughout the entire maturity of the loan. For the purpose of the limit on the value of the pledged properties, such properties shall be monitored on a regular basis and updated at least on a yearly basis by the competent authority by using an indexation method. The full loan amount irrespective of such limit shall be subject to the segregation of assets in the cover pool pursuant to Article 12 of Directive (EU) 20xx/xxxx [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and Directive2014/59/EU].
Amendment 30 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b
Article 1 – paragraph 1 – point 1 – point b
Regulation (EU) No 575/2013
Article 129 – paragraph 1c
Article 129 – paragraph 1c
1c. For the purposes of point (f)(i) and point (g) of the first subparagraph of paragraph 1, the limit of 60 % shall apply on a loan by loan basis and shall refer to the portion of the loan contributing to the coverage of liabilities attached to the covered bond and be applicable throughout the entire maturity of the loan.; For the purpose of the limit on the value of the pledged properties, such properties shall be monitored on a regular basis and updated at least on a yearly basis by the competent authority by using an indexation method. The full loan amount irrespective of such limit shall be subject to the segregation of assets in the cover pool pursuant to Article 12 of Directive (EU) 20xx/xxxx [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and Directive 2014/59/EU].
Amendment 31 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point d
Article 1 – paragraph 1 – point 1 – point d
Regulation (EU) No 575/2013
Article 129 – paragraph 3a – subparagraph 1
Article 129 – paragraph 3a – subparagraph 1
In addition to being collateralised by the eligible assets listed in paragraph 1, covered bonds shall be subject to a minimum level of 510 % of overcollateralisation as defined in Article 3(12) of Directive (EU) 20xx/xxx [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and Directive 2014/59/EU].
Amendment 32 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point d
Article 1 – paragraph 1 – point 1 – point d
Regulation (EU) No 575/2013
Article 129 – paragraph 3a – subparagraph 3
Article 129 – paragraph 3a – subparagraph 3
The assets contributing to a minimum level of overcollateralisation shall not be subject to the limits on credit quality and exposure size as set out in points (b) and (c) of the first subparagraph of paragraph 1 and shall not count towards those limitsaragraph 1 of this Article.
Amendment 34 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point d
Article 1 – paragraph 1 – point 1 – point d
Regulation (EU) No 575/2013
Article 129 – paragraph 3a – subparagraph 4 – point b
Article 129 – paragraph 3a – subparagraph 4 – point b
(b) the minimum level of overcollateralisation cannot be lower than 27 % based on the nominal principle.
Amendment 35 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point d
Article 1 – paragraph 1 – point 1 – point d
Regulation (EU) No 575/2013
Article 129 – paragraph 3a – subparagraph 4 – point ba (new)
Article 129 – paragraph 3a – subparagraph 4 – point ba (new)
(b a) the level of overcollateralisation has to be publicly disclosed by the credit institution issuing covered bonds on a regular basis and at least on a quarterly basis.
Amendment 36 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point d
Article 1 – paragraph 1 – point 1 – point d
Regulation (EU) No 575/2013
Article 129 – paragraph 3b
Article 129 – paragraph 3b
3b. Eligible assets referred to in paragraph 1 may be included in the cover pool as substitution assets as defined in Article 3(11) of Directive (EU) 20xx/xxx [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and Directive 2014/59/EU] for the primary assets as defined in Article 3(10) of that Directive, subject to the limits on credit quality and exposure size as set out in paragraph 1 of this Article and provided that such substitution assets do not exceed 20 % of the total nominal amount of all outstanding covered bonds of the issuer.;