4 Amendments of Luigi MORGANO related to 2017/2005(INI)
Amendment 32 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Calls on the Commission to identify possible obstacles at national level to the development of covered bonds systems and to publish guidelines to eliminate these barriers, without prejudice to banks sound and prudent conduct of business;
Amendment 35 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls for a clear definition of CBs in a European Directive; insists that the definition for securities henceforth called ‘covered bonds’ must not fall below the standards currently set by Article 12952(4) of the CRR; requests thatUCITS Directive. Those securities incompatible with this definition but compatiblelying with Article 52(4) of the UCITS Directive arwhose cover pool consists of SME and infrastructure loans shall be properly defined in the same directive under a name clearly distinct from ‘covered bonds’; suggests that this name may be ‘European Secured Notes’; (ESNs);
Amendment 91 #
Motion for a resolution
Paragraph 5 – point a
Paragraph 5 – point a
Amendment 105 #
Motion for a resolution
Paragraph 5 – point c
Paragraph 5 – point c
c) The maturity of the CB cannot be extended, except in the event of insolvency or resolution of the issuer and with approval by the competent supervisory authority;subject to objective financial triggers established by national law, including in the event of insolvency or resolution of the issuer.