39 Amendments of Ildikó GÁLL-PELCZ related to 2011/0202(COD)
Amendment 267 #
Proposal for a regulation
Article 7 – paragraph 1 – introductory part
Article 7 – paragraph 1 – introductory part
1. The competent authorities shallmay waive in full or in part the application of Article 401 to a parent institution and to all or some of its subsidiaries in the European Union and supervise them as a single liquidity sub- group so long as they fulfil all of the following conditions:
Amendment 271 #
Proposal for a regulation
Article 7 – paragraph 1 – point b
Article 7 – paragraph 1 – point b
(b) The parent institution monitors and has oversight at all times over the liquidity positions of all institutions within the group or sub-group, that are subject to the waiver; and ensure sufficient liquidity level in case of all institutions
Amendment 272 #
Proposal for a regulation
Article 7 – paragraph 1 – point c
Article 7 – paragraph 1 – point c
(c) The institutions have entered into contracts approved by the relevant competent authorities that provide for the free movement of funds between them to enable them to meet their individual and joint obligations as they come due;
Amendment 279 #
Proposal for a regulation
Article 7 – paragraph 1 – point d a (new)
Article 7 – paragraph 1 – point d a (new)
(da) There are adequate ex ante agreement regarding the responsibilities and rights in place between the supervisory authorities and the central banks of the Member States concerned.
Amendment 283 #
Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 1
Article 7 – paragraph 2 – subparagraph 1
Amendment 288 #
Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 2 – point a
Article 7 – paragraph 2 – subparagraph 2 – point a
(a) the adequacy of the organisation and the treatment of liquidity risk as required by Article 84 of Directive [inserted by OP]; 2012/.../EU of the European Parliament and of the Council of ... [on the access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms]; across the prospective liquidity sub-group
Amendment 291 #
Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 2 – point b
Article 7 – paragraph 2 – subparagraph 2 – point b
(b) the distribution of amounts, location and ownership of the required liquid assets to be held within the sub-liquidity group;
Amendment 295 #
Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 2 – point d
Article 7 – paragraph 2 – subparagraph 2 – point d
(d) the need for stricter parameters than those set out in Part Six, Title III. Competent authorities may also apply paragraph 1 and 4 also to institutions which that are members of the same institutional protection scheme referred to in 108(7)(b), provided that they meet all the conditions laid down in Article 108(7). Competent authorities shall in that case determine one of the institutions subject to the waiver to meet Article 401 on the basis of the consolidated situation of all institutions of the single liquidity sub- group.
Amendment 312 #
Proposal for a regulation
Article 18 – paragraph 1 – subparagraph 1 – point b
Article 18 – paragraph 1 – subparagraph 1 – point b
Amendment 317 #
Proposal for a regulation
Article 18 – paragraph 2 – subparagraph 1 – point b
Article 18 – paragraph 2 – subparagraph 1 – point b
Amendment 320 #
Proposal for a regulation
Article 18 – paragraph 3 – point b
Article 18 – paragraph 3 – point b
Amendment 325 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 1
Article 18 – paragraph 4 – subparagraph 1
In the absence of a joint decision between the competent authorities within six months, the consolidating supervisor shall make its own decision on paragraph 1(a) and 1(b). The decision of the consolidating supervisor on paragraph 1(b) shall not limit the powers of the competent authorities under Article 102.
Amendment 328 #
Proposal for a regulation
Article 18 – paragraph 7
Article 18 – paragraph 7
Amendment 339 #
Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 2
Article 19 – paragraph 2 – subparagraph 2
However, any competent authority may during the six months period refer to EBA the question whether the conditions of (a) to (de) of Article 7(1) are met and request its assistance in accordance with Article 19 of Regulation No (EC) 1093/2010. If at the end of the six month period any of the competent authorities concerned has done so, all the competent authorities involved shall defer their decisions pending a decision by EBA. Such decision shall be taken within three months of the request. Once EBA has taken its decision, the competent authorities shall take their decisions concerning the conditions (a) to (de) of Article 7(1), in conformity with the decision of EBA. The matter shall not be referred to EBA after the end of the six month period or after a joint decision has been reached.
Amendment 344 #
Proposal for a regulation
Article 19 – paragraph 4 – subparagraph 1
Article 19 – paragraph 4 – subparagraph 1
Amendment 346 #
Proposal for a regulation
Article 19 – paragraph 4 – subparagraph 2
Article 19 – paragraph 4 – subparagraph 2
Amendment 348 #
Proposal for a regulation
Article 19 – paragraph 4 – subparagraph 3
Article 19 – paragraph 4 – subparagraph 3
Amendment 589 #
Proposal for a regulation
Article 94 – paragraph 1
Article 94 – paragraph 1
The valuation of assets and off-balance- sheet items shall be effected in accordance with the relevant accounting framework to which the institution is subject under Regulation (EC) No 1606/2002 and Directive 86/635/EEC.
Amendment 592 #
Proposal for a regulation
Article 95 – paragraph 1 – subparagraph 2
Article 95 – paragraph 1 – subparagraph 2
This reporting shall include financial information drawn up in accordance with the relevant accounting framework to which the institution is subject under Regulation (EC) No 1606/2002 and Directive 86/635/EEC to the extent this is necessary to obtain a comprehensive view of the risk profile of an institution's activities.
Amendment 603 #
Proposal for a regulation
Article 106 – paragraph 1 – subparagraph 1 – introductory part
Article 106 – paragraph 1 – subparagraph 1 – introductory part
The exposure value of an asset item shall be its accounting value remaining after specific credit risk adjustments have been appliedthe amount by which prudential own funds would be reduced if the exposure where written-off fully. The exposure value of an off- balance sheet item listed in Annex I shall be the following percentage of its nominal value after reduction of specific credit risk adjustments:
Amendment 696 #
Proposal for a regulation
Article 122 – paragraph 3
Article 122 – paragraph 3
3. Exposures fully and completely secured by mortgages on residential property in accordance with Article 120 shall be assigned a risk weight of 100 % net of valuespecific credit risk adjustments if a default has occurred according to Article 174
Amendment 890 #
Proposal for a regulation
Article 391 – paragraph 2 – subparagraph 3 – indent 1 (new)
Article 391 – paragraph 2 – subparagraph 3 – indent 1 (new)
-3. In the case of the sale and repurchase of independent mortgage liens shall apply to the exposures secured by mortgages on immovable property on which independent mortgage liens are established, effective on the date when the independent mortgage lien was purchased. The requirements in Article 203 and in Article 224 (1) shall apply for the purposes of this paragraph.
Amendment 937 #
Proposal for a regulation
Article 403 – paragraph 5 – point a
Article 403 – paragraph 5 – point a
(a) the competent authorities and the national central bank of the host Member States in which there are significant branches of subsidiaries of the parent institution or institutions controlled by the same parent financial holding company;
Amendment 942 #
Proposal for a regulation
Article 404 – paragraph 1 – subparagraph 1 – introductory part
Article 404 – paragraph 1 – subparagraph 1 – introductory part
Institutions shall report the following as liquid assets unless excluded by paragraph 2 and only if the liquid assets fulfil the conditions in paragraph 3:
Amendment 966 #
Proposal for a regulation
Article 404 – paragraph 1 – subparagraph 1 – point d a (new)
Article 404 – paragraph 1 – subparagraph 1 – point d a (new)
(da) other assets that are eligible collateral in normal times for intraday liquidity needs and overnight liquidity facilities of a central bank in a Member State or if the liquid assets are held to meet liquidity outflows in the currency of a third country, of the central bank of that third country.
Amendment 1023 #
Proposal for a regulation
Article 404 – paragraph 3 – subparagraph 1
Article 404 – paragraph 3 – subparagraph 1
Amendment 1033 #
Proposal for a regulation
Article 404 – paragraph 3 – subparagraph 1 – point b
Article 404 – paragraph 3 – subparagraph 1 – point b
Amendment 1051 #
Proposal for a regulation
Article 404 – paragraph 3 – subparagraph 2
Article 404 – paragraph 3 – subparagraph 2
The condition in point (b) shall not apply in case of liquid assets held to meet liquidity outflows in a currency in which there is an extremely narrow definition of central bank eligibility. In case of liquid assets denominated in currencies of third countries, this exception shall apply and only apply if the competent authorities of the third country apply the same exception and the third country has comparable reporting requirements in placean equivalent exception.
Amendment 1052 #
Proposal for a regulation
Article 404 – paragraph 3 – subparagraph 2 a (new)
Article 404 – paragraph 3 – subparagraph 2 a (new)
For the purpose of point (e) of paragraph 1, institutions shall only report the assets that are not issued by the institution itself.
Amendment 1057 #
Proposal for a regulation
Article 404 – paragraph 4 – subparagraph 1
Article 404 – paragraph 4 – subparagraph 1
EBA shall develop draft implementing technical standards listing the currencies which meet the conditions referred to inthe second sub-paragraph of the paragraph 3.
Amendment 1058 #
Proposal for a regulation
Article 404 – paragraph 4 – subparagraph 2
Article 404 – paragraph 4 – subparagraph 2
EBA shall submit those draft technical standards to the Commission by 1 January 20134.
Amendment 1066 #
Proposal for a regulation
Article 404 – paragraph 5
Article 404 – paragraph 5
5. Shares or units in CIUs may be treated as liquid assets up to an absolute amount of 2500 million EUR provided that the requirements in Article 127(3) are met and that the CIU, apart from derivatives to mitigate interest rate or credit risk, only invests in liquid assets as defined in paragraph 1.
Amendment 1071 #
Proposal for a regulation
Article 404 – paragraph 6
Article 404 – paragraph 6
6. Where a liquid asset ceases to be eligible for paragraph 1 or shares or units in CIUs cease to be eligible for the treatment set out in paragraph 5, an institution may nevertheless continue to consider it a liquid asset for an additional period of 30 calendar days.
Amendment 1164 #
Proposal for a regulation
Article 410 – paragraph 8 – subparagraph 1 – point d
Article 410 – paragraph 8 – subparagraph 1 – point d
Amendment 1232 #
Proposal for a regulation
Article 413 – paragraph 4 – subparagraph 1 – point c
Article 413 – paragraph 4 – subparagraph 1 – point c
Amendment 1342 #
Proposal for a regulation
Article 443 – paragraph 1 – introductory part
Article 443 – paragraph 1 – introductory part
Amendment 1380 #
Proposal for a regulation
Article 443 a (new)
Article 443 a (new)
Amendment 1477 #
Proposal for a regulation
Article 472 – paragraph 2
Article 472 – paragraph 2
2. In the calculation of risk weighted exposure amounts for the purposes of Article 109(4), until 31 December 20125 the same risk weight shall be assigned in relation to exposures to the central governments or central banks of Member States denominated and funded in the domestic currency of any Member State as would be applied to such exposures denominated and funded in their domestic currency.
Amendment 1505 #
Proposal for a regulation
Article 480 – paragraph 1
Article 480 – paragraph 1