9 Amendments of Sven GIEGOLD related to 2010/0207(COD)
Amendment 117 #
Proposal for a directive
Recital 11 a (new)
Recital 11 a (new)
(11 a) During the financial crisis existing deposit guarantee schemes proved not being able to carry all losses to protect depositors.
Amendment 127 #
Proposal for a directive
Recital 24
Recital 24
(24) Contributions to Deposit Guarantee Schemes should take account of the degree of risk incurred by their members. This would allow to reflect the risk profiles of different business models as well as those of individual banks and lead to a fair calculation of contributions and to provide incentives to operate under a less risky business model. Developing a set of core indicators mandatory for all Member States and another set of optional supplementary indicators would introduce such harmonisation gradually.
Amendment 131 #
Proposal for a directive
Recital 32
Recital 32
(32) While respecting the supervision of deposit guarantee schemes by Member States, the European Banking Authority should contribute to the achievement of the objective of making it easier for credit institutions to take up and pursue their activities while at the same time ensuring effective protection for depositors and minimising the risk to taxpayers of having to step in. To that end, the Authority should confirm that the conditions of borrowing between Deposit Guarantee Schemes laid down in this Directive are fulfilled and state, within the strict limits set by this Directive, the amounts to be lent by each scheme, the initial interest rate as well as the duration of the loan. In this respect, the European Banking Authority should also collect information on Deposit Guarantee Schemes, in particular on the amount of deposits covered by them, confirmed by competent authorities. It should inform the other Deposit Guarantee Schemes about their obligation to lend.
Amendment 164 #
Proposal for a directive
Article 3 – paragraph 7
Article 3 – paragraph 7
7. Member States shall ensure that Deposit Guarantee Schemes, at any time and at their request, receive from their members all information necessary to prepare a repayment of depositors, including markings under Article 4(2). Information necessary to perform stress tests shall be submitted to Deposit Guarantee Schemes on an ongoing basis. Such information shall be rendered anonymous. The information obtained may only be used for the performance of stress tests and analysis of the historical evolution of DGS resilience or the preparation of repayments and shall be kept no longer than is necessary for those purposes.confidential
Amendment 228 #
Proposal for a directive
Article 9 – paragraph 2
Article 9 – paragraph 2
2. The cumulated amountavailable financial means of dDeposits and investments of a scheme related to a single body shall not exceed 5% of its availa Guarantee Schemes must be invested in a low-risk and sufficiently diversified manner respecting the principles of socially responsible financial meansvestment. Companies which are included in the same group for the purposes of consolidated accounts, as defined in Directive 83/349/EEC or in accordance with recognised international accounting rules, shall be regarded as a single body for theis purpose of calculating this limit.
Amendment 266 #
Proposal for a directive
Article 10 – paragraph 2 – point c
Article 10 – paragraph 2 – point c
(c) the interest rate during the credit period shall be equivalent to the marginal lending facility rate of the European Ccentral Bbank durissuing the credit periodurrency in which the loan was made .
Amendment 272 #
Proposal for a directive
Article 11 – paragraph 1
Article 11 – paragraph 1
1. The contributions to Deposit Guarantee Schemes referred to in Article 9 shall be determined for each member on the basis ofproportional to the degree of risk incurred by it. Credit institutions shall not pay less than 75% or more than 2300% of the amount that a bank with an average risk would have to contribute. Member States may decide that members of Schemes referred to in Article 1(3) and (4) pay lower contributions to Deposit Guarantee Schemes but not less than 37.5% of the amount that a bank with an average risk would have to contribute.
Amendment 301 #
Proposal for a directive
Article 13 – paragraph 1 – point 1 (new)
Article 13 – paragraph 1 – point 1 (new)
(1) The Commission shall adopt, by Regulatory technical standards in accordance with Article 10 of EU regulation No 1093/2010, measures aimed at establishing general equivalence criteria for the purpose of the first paragraph.
Amendment 316 #
Proposal for a directive
Annex 2 – Part A – point 1
Annex 2 – Part A – point 1
Risk class Indicator Ratio Own funds items referred to in Article 57 Capital (a) to (ca) of Directive 2006/48/EC and Own funds adequacy risk-weighted assets referred to under Risk weighted asssets Article 76 of Directive 2006/48/EC Non performing loans Asset quality Non-performing loans Gross loans Profitability Risk adjusted return on assets Net income Average total assets Liquidity To be determined by Member States subject to Article 11(4)