8 Amendments of Csaba MOLNÁR related to 2021/0342(COD)
Amendment 328 #
Proposal for a regulation
Recital 11
Recital 11
(11) Most EU corporates, however, do not seek external credit ratings, in particular due to cost considerations. To avoid disruptive impacts on bank lending to unrated corporates and to provide enough time to establish public or private initiatives aimed at increasing the coverage of external credit ratings, it is necessary to provide for a transitional period for such increase in the coverage. During that transitional period, institutions using IRB approaches should be able to apply a favourable treatment when calculating their output floor for investment grade exposures to unrated corporates, whilst initiatives to foster widespread use of credit ratings should be established. Tha. In order to enhance competition in the market for credit transitional arrangement should be coupled with a report prepared by the European Banking Authority (‘EBA’). After the transition period, institutting agencies and support the development of an European market, the Commissions should be able to refer to credit assessments by ECAIs to calculate the capital requirements for most of their corporate exposures. To inform any future initiative on the set-up of public or private rating schemes, the European Supervisory Authorities (ESAs) should be requested to prepare a report on the impediments to the availability of external credit ratings by ECAIs, in particular for corporates, and on possible measures to address those impedimentfoster the availability of credit assessments by nominated ECAIs and assess how public and or private initiatives could be expanded and how oligopolies in the CRA market could be addressed, and where appropriate, submit to European Parliament and to the Council additional legislative proposals. The Commission should also assess the possibility of the creation of a European public credit rating agency as an impartial and trusted alternative to existing agencies. After the transition period, institutions should be able to refer to credit assessments by ECAIs to calculate the capital requirements for most of their corporate exposures. In the meanwhile, the European Commission stands ready to provide technical support to Member States via its Technical Support Instrument in this area, e.g. to formulate strategies on increasing the rating-penetration of their unlisted corporates or to explore best practices on setting up entities capable of providing ratings or providing related guidance to corporates.
Amendment 352 #
Proposal for a regulation
Recital 41
Recital 41
(41) As the transition of the Union economy towards a sustainable economic model is gaining momentum, sustainability risks become more prominent and will potentially require further consideration. It is therefore necessary to bring forward by 2 years EBA’s mandate to assess and report on whether a dedicated prudential treatment of exposures related tofor banks to apply the large exposure regime as stipulated in Part Four of this Regulation to any financed emissions that are above an institution's target for financed emissions as sets or activities substantially associated with environmental or social objectives would be justifut in its plan to limit transition risks as stipulated by Article 76 of Directive 2013/36/EU. To allow for annual variations in the financed emissions of an institution, a 5% leeway shall be applied.
Amendment 452 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point y a (new)
Article 1 – paragraph 1 – point 1 – point y a (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 152 a (new)
Article 4 – paragraph 1 – point 152 a (new)
(152 a)‘fossil fuel sectors’ means sectors of the economy which produce, process, store or use fossil fuels as defined in Article 2(62) of Regulation (EU)2018/1999 of the European Parliament and of the Council.
Amendment 453 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point y b (new)
Article 1 – paragraph 1 – point 1 – point y b (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 152 b (new)
Article 4 – paragraph 1 – point 152 b (new)
(152 b)‘companies active in the fossil fuel sectors’ means (i) companies that derive any revenues from exploration, mining, extraction, or reining of hard coal and lignite; (ii) companies that derive any revenues from the exploration, extraction, distribution (excluding distribution, transportation, storage and trade) or reining of liquid fossil fuels; and (iii) companies that derive any revenues from exploring and extracting fossil gaseous fuels or from their dedicated distribution(excluding distribution, transportation, storage and trade).
Amendment 495 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11 a (new)
Article 1 – paragraph 1 – point 11 a (new)
Regulation (EU) No 575/2013
Article 47c – paragraph 4 – point b
Article 47c – paragraph 4 – point b
(11 a) in Article 47(4), point (b) is amended as follows: (b) 1 for the secured part of the non- performing exposure to be applied as of the first day of the eighth year following its classification as non-performing. , unless the guarantee or insurance has been invoked by the institution and the eligible protection provider has assumed and, in line with article 213(1), fulfills all payment obligations of the obliger towards the institution in full and in accordance with the applicable payment schedule, in which case a factor of 0 for the secured part of the non-performing exposure will apply. " Or. en (Regulation (EU) 575/2013)
Amendment 906 #
Proposal for a regulation
Article 1 – paragraph 1 – point 63 – point a
Article 1 – paragraph 1 – point 63 – point a
Regulation (EU) No 575/2013
Article 150 – paragraph 1 – subparagraph 2
Article 150 – paragraph 1 – subparagraph 2
Amendment 1175 #
Proposal for a regulation
Article 1 – paragraph 1 – point 189
Article 1 – paragraph 1 – point 189
Regulation (EU) No 575/2013
Article 449a – paragraph
Article 449a – paragraph
Institutions shall disclose: (a) information on ESG risks, including physical risks and transition risks. (b) climate targets and transition plans, including absolute carbon emission reduction targets, submitted in accordance with Article 76(2) of the Directive 2013/36/EU, and the progress made towards implementing them (c) how the institution’s business model and strategy take account of ESG risks faced by the undertaking.
Amendment 1264 #
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 3 – subparagraph 3
Article 465 – paragraph 3 – subparagraph 3