4 Amendments of Danuta Maria HÜBNER related to 2021/0343(COD)
Amendment 22 #
Proposal for a regulation
Recital 5
Recital 5
(5) According to Article 72e(4), first subparagraph, of Regulation (EU) No 575/2013, resolution authorities may permit a G-SII with an MPE resolution strategy to deduct certain holdings of own funds and eligible liabilities instruments of its subsidiaries that do not belong to the same resolution group by deducting a lower, adjusted amount specified by the resolution authority. Article 72e(4), second subparagraph, of that Regulation requires that in such cases, the difference between the adjusted amount and the original amount is deducted from the loss absorbing and recapitalisation capacity of the subsidiaries concerned. In line with the TLAC standard, that approach should take into account the risk-based and non-risk- based requirements for own funds and eligible liabilities of the subsidiary concerned. Furthermore, that approach should be applicable to all third-country subsidiaries belonging to that G-SII, as long as those subsidiaries are subject to a local resolution regime that is equivalent to internationally agreed standards. , more specifically the Financial Stability Board’s ‘Key Attributes of Effective Resolution Regimes for Financial Institutions’1a and the TLAC standard, and where the third-country resolution authorities have issued decisions that the third-country subsidiaries of that G-SII are planned to enter into third-country resolution proceedings in case of failure. __________________ 1aFinancial Stability Board, Key Attributes of Effective Resolution Regimes for Financial Institutions, 15.10.2014.
Amendment 32 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) The templates for the public disclosure of harmonised information on the minimum requirement for own funds and eligible liabilities and on the requirement for own funds and eligible liabilities for material subsidiaries of non- EU G-SIIs set out in Commission Implementing Regulation (EU) 2021/763 should be amended to reflect the new deduction regime for internal MREL eligible resources. The disclosure templates should also be amended to include the total risk exposure amount and the total exposure measure that intermediate entities would have if they did not exclude the exposures deducted under that new deduction regime.
Amendment 51 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Regulation (EU) No 575/2013
Article 72 e – paragraph 5 – subparagraph 1
Article 72 e – paragraph 5 – subparagraph 1
Institutions and entities required to comply with Article 45c of Directive 2014/59/EU that are not themselves resolution entities shall deduct from eligible liabilities items their holdings of own funds instruments and eligible liabilities instruments that meet the conditions of Article 45f(2) of that Directive of their subsidiaries that belong to the same resolution group.
Amendment 74 #
Proposal for a regulation
Article 3 – paragraph 3
Article 3 – paragraph 3
However, Article 1, point (3), point (5)(b), and points (7), (8) and (9) and Article 2 shall apply from [OP please insert the date = 6 months after date of entry into force]1 January 2024.