18 Amendments of Diogo FEIO related to 2011/0202(COD)
Amendment 159 #
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21a) Where the deduction of the minority interests included in consolidated Common Equity Tier 1 capital results in a disproportionate increase of capital requirement for certain types of credit institutions or investment firms, such institutions or firms should be exempted from the application of such rule.
Amendment 162 #
Proposal for a regulation
Recital 25 a (new)
Recital 25 a (new)
(25a) Overreliance on external credit ratings shall be reduced and all the automatic effects deriving from ratings should be gradually eliminate. Regulation should, therefore, require credit institutions and investment firms to put in place sound credit granting criteria and credit decision processes. External credit ratings may be used as one factor among others in this process but they should not rely solely or mechanistically on external ratings and these should not prevail.
Amendment 167 #
Proposal for a regulation
Recital 27 a (new)
Recital 27 a (new)
(27a) The minority interests arising from intermediate financial holding companies that are subject to the requirements of this Regulation on a subconsolidated basis may also be eligible (within the relevant limits) to the Common Equity Tier 1 of the group on a consolidated basis, as the Common Equity Tier 1 capital of an intermediate financial holding company attributable to minority interests and the part of that same capital attributable to the parent company support both pari passu the losses of their subsidiaries when they occur.
Amendment 191 #
Proposal for a regulation
Recital 69 a (new)
Recital 69 a (new)
(69a) The sovereign debt crisis and the statement of 26 October 2011 of the Head of State or Government of Member States whose currency is the euro have demonstrated that the current situation of government bonds no longer corresponds with the economic reality; Therefore, it may be of interest that, when the current situation of the European Union as a whole has reached a stabilized path, the Commission may submit a report to the European Parliament and the Council proposing options to future adjustment to the treatment of sovereign debt.
Amendment 192 #
Proposal for a regulation
Recital 72 a (new)
Recital 72 a (new)
(72a) The recognition of a Credit Rating Agency as an External Credit Assessment Institution (ECAI) should not increase the foreclosure of a market already dominated by three main undertakings. EBA and Central Banks, without making the process easier or less demanding, should provide for the recognition of more Credit Rating Agencies as ECAI as a way to open the market to other undertakings.
Amendment 193 #
Proposal for a regulation
Recital 72 b (new)
Recital 72 b (new)
(72b) This Regulation should ensure that institutions always use at least two ECAI ratings for the regulatory purposes set therein. Furthermore, alternatives should be put in place in the future so that institutions may, without restraint, choose the first ECAI and the second should be appointed by an independent authority, from all recognized ECAI. This should not prevent institutions to use external ratings from more than one credit rating agency.
Amendment 425 #
Proposal for a regulation
Article 34 – paragraph 1 – point b a (new)
Article 34 – paragraph 1 – point b a (new)
(ba) the amount of intangible assets to be deducted shall be reduced by the amount of software classified as intangible assets under the relevant accounting standards.
Amendment 536 #
Proposal for a regulation
Article 79 – paragraph 1 a (new)
Article 79 – paragraph 1 a (new)
Where the parent company of a credit institution or of an investment firm is a non operating holding company having a minority control over its consolidated risk- weighted assets, such credit institution or investment firm is exempted, with regard to its relations with the minority subsidiaries concerned, from the application of the provisions of this Article. As the case may be, competent authorities may impose such rule on a case by case basis to a credit institution or an investment firm which they deemed exposed to a high degree of systemic risk.
Amendment 537 #
Proposal for a regulation
Article 79 – paragraph 1 a (new)
Article 79 – paragraph 1 a (new)
Competent authorities may permit institutions not to subtract from the minority interests of a cross-guarantee scheme the result of multiplying the amount referred to in paragraph 1(a) by the percentage referred to in paragraph 1(b) subject to the conditions laid down in Article 108(7).
Amendment 918 #
Proposal for a regulation
Article 400 – paragraph 1 – point 2
Article 400 – paragraph 1 – point 2
(2) ‘Retail deposit’ means a liability to a natural person or to a small and medium sized enterprise where the aggregate liability to such clients or group of connected clients is less than 1 million EURas defined by the IRB approach in the capital framework.
Amendment 1149 #
Proposal for a regulation
Article 410 – paragraph 5
Article 410 – paragraph 5
5. Institutions shall multiply liabilities resulting from deposits by clients that are not financial customers by 750% to the extent they do not fall under paragraph 4 and 5. EBA shall test the appropriateness of the calibration of the outflows in accordance with paragraph 6 by taking into account historical data provided by institutions.
Amendment 1364 #
Proposal for a regulation
Article 443 – paragraph 1 – point k a (new)
Article 443 – paragraph 1 – point k a (new)
(k a) the requirements for large exposures laid down in Articles 384 to 392
Amendment 1370 #
Proposal for a regulation
Article 443 – paragraph 1 – point k b (new)
Article 443 – paragraph 1 – point k b (new)
(k b) The public disclosure requirements laid down in Articles 418 to 440.
Amendment 1381 #
Proposal for a regulation
Article 443 a (new)
Article 443 a (new)
Article 443a Macro-prudential risks at the national level 1.In order to address macro-prudential risks at the national level, each designated authority in the Member States shall be empowered to impose on domestically authorised institutions stricter prudential requirements, as those laid down for the Commission under article 443. 2.Each designated authority shall notify the Commission, the EBA and the ESRB before the adoption of such stricter requirements, leaving appropriate time for coordination. 3.Based on the assessment that the macro- prudential risks identified by the designated authority do not exist, the Commission may adopt a decision to suspend the resolution of the Member State's designated authority. This decision should take place in the 30 days that follow the notification carried out by the designated authority. 4.In the absence of a decision from the Commission in the deadline specified in the paragraph 3, the decision of the designated authority should not be suspended.
Amendment 1443 #
Proposal for a regulation
Article 458 – paragraph 2 a (new)
Article 458 – paragraph 2 a (new)
2 a. In cases where certain closed defined benefit plans of Member States are similar to the first pillar of social systems, when meeting the criteria of Article 451(1)(a), competent authorities may allow for the maintenance of the additional filters until 31 of December of 2028 as set out in Article 461(1)(a);
Amendment 1453 #
Proposal for a regulation
Article 461 – paragraph 1
Article 461 – paragraph 1
1. By way of derogation from Articles 29 to 33, 53 and 63, during the period from 1 January 2013 to 31 December 2017, institutions shall make adjustments to include in or deduct from Common Equity Tier 1 items, Tier 1 items, Tier 2 items or own funds items the applicable percentage of filters or deductions required under national transposition measures for Articles 57, 61 and 66 of Directive 2006/48/EC, and for Articles 13 and 16 of Directive 2006/49/EC, or under other national provisions and which are not required in accordance with Part Two.
Amendment 1457 #
Proposal for a regulation
Article 462 – paragraph 1 – point a
Article 462 – paragraph 1 – point a
(a) the instruments were issued prior to 20 July 2011the date of application of this Regulation;
Amendment 1497 #
Proposal for a regulation
Article 477 a (new)
Article 477 a (new)
Article 477a International Implementation of Basel III 1. In regard to the international nature of the Basel framework and the risks associated with a non-simultaneous implementation of the changes to that framework in major jurisdictions, the Commission shall report to the European Parliament and the Council, by 31 December 2014, on progress made towards the international implementation of the changes to the capital adequacy and liquidity framework and, if appropriate, with the necessary legislative proposals. 2. The relevant committee of the European Parliament may invite representatives of the Basel Committee, President of the Council, the Commission and, where appropriate, the President of the Eurogroup, to appear before the committee for an exchange views.