[ParlTrack]

Othmar KARAS, Markus FERBER, Enikő GYŐRI, Eva MAYDELL, Danuta Maria HÜBNER, Siegfried MUREŞAN, Luděk NIEDERMAYER

Proposal for a regulation
Article 1 – paragraph 1 – point -1 (new)

Regulation (EU) No 575/2013
Article 114 – paragraph 6

(-1) In Article 114, paragraph 6 is deleted.

2020/05/27
Committee: ECON

Othmar KARAS, Markus FERBER, Enikő GYŐRI, Eva MAYDELL, Danuta Maria HÜBNER, Siegfried MUREŞAN, Luděk NIEDERMAYER

Proposal for a regulation
Article 1 – paragraph 1 – point -1 a (new)

Regulation (EU) No 575/2013
Article 150 – paragraph 1 – point d – point ii

(-1a) In point(d) of Article 150(1), point (ii) is replaced by the following: “(ii) exposures to the central government and central banks are assigned a 0% risk weight under Article 114(2) or (4) ~~or Article 495(2);”;~~ ;”; Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0575-20230628)

2020/05/27
Committee: ECON

Marek BELKA, Dragoş PÎSLARU, Siegfried MUREŞAN

Proposal for a regulation
Article 1 – paragraph 1 – point 3

Regulation (EU) No 575/2013
Article 500a – paragraph 1 a (new)

1a. By way of derogation from Article 114(2), for exposures to the central governments and central banks of Member States denominated and funded in the domestic currency of another Member State. (a) until 31 December 2022, the risk weight applied to the exposure values shall be 0 % of the risk weight assigned to those exposures in accordance with Article 114(2); (b) during the period from 1 January 2023 to 31 December 2023, the risk weight applied to the exposure values shall be 20 % of the risk weight assigned to those exposures in accordance with Article 114(2); (c) during the period from 1 January 2024 to 31 December 2024, the risk weight applied to the exposure values shall be 50 % of the risk weight assigned to those exposures in accordance with Article 114(2); (d) during the period beginning 1 January 2025 and thereafter, the risk weight applied to the exposure values shall be 100 % of the risk weight assigned to those exposures in accordance with Article 114(2).

2020/05/27
Committee: ECON

Marek BELKA, Dragoş PÎSLARU, Siegfried MUREŞAN

Proposal for a regulation
Article 1 – paragraph 1 – point 3

Regulation (EU) No 575/2013
Article 500a – paragraph 1 b (new)

1b. By way of derogation from Articles 395(1) and 493(4), competent authorities may allow institutions to incur exposures referred to in paragraph 1 of this Article, up to the following limits: (a) 100 % of the institution’s Tier 1 capital until 31 December 2023; (b) 75 % of the institution’s Tier 1 capital until 31 December 2024; (c) 50 % of the institution’s Tier 1 capital until 31 December 2025. The limits referred to in points (a), (b) and (c) of the first subparagraph of this paragraph shall apply to exposure values after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403.

2020/05/27
Committee: ECON

Othmar KARAS, Markus FERBER, Enikő GYŐRI, Eva MAYDELL, Danuta Maria HÜBNER, Siegfried MUREŞAN, Luděk NIEDERMAYER

Proposal for a regulation
Article 1 – paragraph 1 – point 3 a (new)

Regulation (EU) No 575/2013
Article 500 b (new)

(3 a) the following article is inserted: “Article 500b Temporary treatment of public debt related to the COVID-19 pandemic issued in the currency of another Member State 1. By way of derogation from Article 114(2), for exposures to the central governments and central banks of Member States denominated and funded in the domestic currency of another Member State and consisting of asset items issued between 1 January 2020 and 31 December 2022: (a) until 31 December 2022, the risk weight applied to the exposure values shall be 0 % of the risk weight assigned to these exposures in accordance with paragraph 2 of Article 114; (b) in 2023 the risk weight applied to the exposure values shall be 20 % of the risk weight assigned to these exposures in accordance with paragraph 2 of Article 114; (c) in 2024 the risk weight applied to the exposure values shall be 50 % of the risk weight assigned to these exposures in accordance with paragraph 2 of Article 114; (d) in 2025 and afterwards the risk weight applied to the exposure values shall be 100 % of the risk weight assigned to these exposures in accordance with paragraph 2 of Article 114. 2. By way of derogation from Articles 395(1) and 493(4), competent authorities may allow institutions to incur exposures referred to in paragraph 1 of this Article, up to the following limits: (a) 100 % of the institution’s Tier 1 capital until 31 December 2022; (b) 75 % of the institution’s Tier 1 capital until 31 December 2023; (c) 50 % of the institution’s Tier 1 capital until 31 December 2024. The limits referred to in points (a), (b) and (c) of the first subparagraph shall apply to exposure values after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403. 3. By way of derogation from point (ii) of point (d) of Article 150(1), after receiving the prior permission of the competent authorities and subject to the conditions laid down in Article 150, institutions may also apply the Standardised Approach to exposures to central governments and central banks that are assigned a 0 % risk weight under paragraph 1 of this Article.”

2020/05/27
Committee: ECON

5 Amendments of Siegfried MUREŞAN related to 2020/0066(COD)

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