50 Amendments of Fabio Massimo CASTALDO related to 2021/0342(COD)
Amendment 356 #
Proposal for a regulation
Recital 41 a (new)
Recital 41 a (new)
(41 a) The EU updated industrial strategy included Social Economy in the 14 industrial ecosystems where robust and consistent policies are needed to drive the transformation towards a more sustainable, digital, resilient and globally competitive economy. A better alignment of banks’ prudential framework with the still constructing policy framework on Social Economy contributes to a better inclusion of ESG risks into the banks’ prudential framework. It enhances consistency between several EU policies’ areas.
Amendment 357 #
Proposal for a regulation
Recital 41 b (new)
Recital 41 b (new)
(41 b)) Some banks, by the legal form and by the business model they operate, are Social Economy entities. They fill all the boxes defining social economy entities as outlined in the Commission Communication. It is of the utmost importance that those banks and the business model they operate are recognised also in the supervisory and prudential framework as social economy entities. That recognition is consistent with the strategy that aims at putting green and sustainable financing at the heart of the financial system. It helps regulators and supervisors better understand their business model and develop consistent policies and supervisory approach and tools to deal with them. It improves the overall access to funding for social economy entities, and consequently revitalise the rural areas and proximity to the local communities, favouring the green and digital transition and the creation of job.
Amendment 360 #
Proposal for a regulation
Recital 41 c (new)
Recital 41 c (new)
(41 c) From a prudential and supervisory perspective, recognising some banks and business models as Social Economy entities and social economy oriented does not jeopardize the risk-based requirements underpinning the framework. To the contrary, it enriches dimensions by which risks are assessed. As a result, requirements can be made in a more proportionate and appropriate way.
Amendment 374 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b
Article 1 – paragraph 1 – point 1 – point b
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 18 – point b
Article 4 – paragraph 1 – point 18 – point b
(b) operational leasing, factoring, the management of unit trusts, the ownership or management of property, the provision of data processing services or any other activity that is ancillary to banking. These activities are concerned if the activity is mainly provided to the parent undertaking;
Amendment 379 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b
Article 1 – paragraph 1 – point 1 – point b
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 18 – point c
Article 4 – paragraph 1 – point 18 – point c
Amendment 438 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point x a (new)
Article 1 – paragraph 1 – point 1 – point x a (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 146 – introductory part
Article 4 – paragraph 1 – point 146 – introductory part
(x a) in point (146), the introductory part is replaced by the following: : "(146) ‘large institution’ means an institution that is not a social economy entity and meets any of the following conditions: " Or. en (Regulation (EU) No 575/2013)
Amendment 440 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point x b (new)
Article 1 – paragraph 1 – point 1 – point x b (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 146 a (new)
Article 4 – paragraph 1 – point 146 a (new)
Amendment 462 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point b
Article 1 – paragraph 1 – point 2 – point b
Regulation (EU) No 575/2013
Article 5 – point 9 – subparagraph 2 – point d
Article 5 – point 9 – subparagraph 2 – point d
(d) contractual arrangements where the institution is required to assess the creditworthiness of the client immediately prior to deciding on the execution of each drawdowndecision of the institution on the execution of each drawdown is conditional upon assessment of the creditworthiness of the client;
Amendment 464 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point b
Article 1 – paragraph 1 – point 2 – point b
Regulation (EU) No 575/2013
Article 5 – point 9 – subparagraph 2 – point e
Article 5 – point 9 – subparagraph 2 – point e
(e) contractual arrangements that are offered to a corporate entity, including an SME, that isconsidered that those counterparties are closely monitored on an ongoing basis.
Amendment 469 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point b
Article 1 – paragraph 1 – point 2 – point b
Regulation (EU) No 575/2013
Article 5 – point 10
Article 5 – point 10
(10) ‘unconditionally cancellable commitment’ means any commitment the terms of which permit the institution to cancel that commitment, to the full extent allowable under consumer protection and related legislation where applicable, at any time without prior notice to the obligor or that effectively provide for automatic cancellation due to deterioration in a borrower's creditworthiness.’;
Amendment 498 #
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 6 – subparagraphs 2 a (new) and 2 b (new)
Article 47c – paragraph 6 – subparagraphs 2 a (new) and 2 b (new)
Amendment 517 #
Proposal for a regulation
Article 1 – paragraph 1 – point 19
Article 1 – paragraph 1 – point 19
Regulation (EU) No 575/2013
Article 84 – paragraph 1 – point a – introductory part
Article 84 – paragraph 1 – point a – introductory part
(a) the Common Equity Tier 1 capital of the subsidiary minus the lower of the following:
Amendment 524 #
Proposal for a regulation
Article 1 – paragraph 1 – point 19
Article 1 – paragraph 1 – point 19
Regulation (EU) No 575/2013
Article 84 – paragraph 1 – point a – point i
Article 84 – paragraph 1 – point a – point i
Amendment 539 #
Proposal for a regulation
Article 1 – paragraph 1 – point 19
Article 1 – paragraph 1 – point 19
Regulation (EU) No 575/2013
Article 84 – paragraph 1 – point a – point ii
Article 84 – paragraph 1 – point a – point ii
(ii) the amount of consolidated Common Equity Tier 1 capital that relates to that subsidiary that is required on a consolidated basis to meet the sum of the requirement laid down in Article 92(1), point (a), the requirements referred to in Articles 458 and 459, the specific own funds requirements referred to in Article 104 of Directive 2013/36/EU and the combined buffer requirement defined in Article 128, point (6), of that Directive; and the Common Equity Tier 1 capital of the subsidiary required at local level to avoid restrictions on dividend payments. In case of third countries it shall be measured based on local own funds requirements;
Amendment 549 #
Proposal for a regulation
Article 1 – paragraph 1 – point 20
Article 1 – paragraph 1 – point 20
Regulation (EU) No 575/2013
Article 85 – paragraph 1 – point a
Article 85 – paragraph 1 – point a
(a) the Tier 1 capital of the subsidiary minus the lower of the following:
Amendment 555 #
Proposal for a regulation
Article 1 – paragraph 1 – point 20
Article 1 – paragraph 1 – point 20
Regulation (EU) No 575/2013
Article 85 – paragraph 1 – point a – point i
Article 85 – paragraph 1 – point a – point i
Amendment 575 #
Proposal for a regulation
Article 1 – paragraph 1 – point 20
Article 1 – paragraph 1 – point 20
Regulation (EU) No 575/2013
Article 85 – paragraph 1 – point a – point ii
Article 85 – paragraph 1 – point a – point ii
(ii) the amount of consolidated Tier 1 capital that relates to the subsidiary that is required on a consolidated basis to meet the sum of the requirement laid down in Article 92(1), point (b), the requirements referred to in Articles 458 and 459, the specific own funds requirements referred to in Article 104 of Directive 2013/36/EU and the combined buffer requirement defined in Article 128, point (6), of that Directive;; and the Common Equity Tier 1 capital of the subsidiary required at local level to avoid restrictions on dividend payments. In case of third countries it shall be measured based on local own funds requirements;
Amendment 584 #
Proposal for a regulation
Article 1 – paragraph 1 – point 20 a (new)
Article 1 – paragraph 1 – point 20 a (new)
Regulation (EU) No 575/2013
Article 87 – paragraph 1 – point a
Article 87 – paragraph 1 – point a
(20 a) in Article 87(1), point (a) is replaced by the following: "(a) the own funds of the subsidiary minus the lower of the following: (i) the amount of own funds that relates tof the subsidiary that is required to meet the following: —on a consolidated basis to meet the sum of the requirement laid down in point (c) of Article 92(1) of this Regulation, the requirements referred to in Articles 458 and 459 of this Regulation, the specific own funds requirements referred to in Article 104 of Directive 2013/36/EU, the combined buffer requirement defined in point (6) of Article 128 of that Directive, and any additional local supervisory regulations in third countries, — where the subsidiary is an investment firm, the sum of the requirement laid down in Article 11 of Regulation (EU) 2019/2033, the specific own funds requirements referred to in point (a) of Article 39(2) of Directive (EU) 2019/2034, and any additional local supervisory regulations in third countries; (ii) the amount of own funds that relates toown funds requirement in third countries and the Common Equity Tier 1 capital of the subsidiary that is required on a consolidated basis to meet the sum of the requirement laid down in point (c) of Article 92(1) of this Regulation, the requirements referred to in Articles 458 and 459 of this Regulation, the specific own funds requirements referred to in Article 104 of Directive 2013/36/EU, the combined buffer requirement defined in point (6) of Article 128 of that Directive, and any additional local supervisory own funds requirement in third countries; at local level to avoid restrictions on dividend payments. In case of third countries it shall be measured based on local own funds requirements; " Or. en (Regulation (EU) No 575/2013)
Amendment 664 #
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 575/2013
Article 111 – paragraph 4
Article 111 – paragraph 4
Amendment 692 #
Proposal for a regulation
Article 1 – paragraph 1 – point 40 – point b a (new)Regulation (EU) No 575/2013
Article 1 – paragraph 1 – point 40 – point b a (new)Regulation (EU) No 575/2013
Article 122 – paragraph 2 a (new)
(b a) the following paragraph is added: 2a. By way of derogation from paragraph 2, exposures under the standardised approach due to not-real estate leases granted by an institution to corporate borrowers against the payment of periodic contractual payments shall be assigned a risk weight of 70%, provided that all the following conditions are met: a) the lessor performs a complete credit risk assessment process comprising lessees, subject of leases and their relative suppliers; b) the lessor retains the legal ownership of the leased asset throughout the life of the contract; c) the lessor has the right to carry out on- site inspections/access; d) the leased assets are instrumental to the exercise of the borrower’s economic activities.
Amendment 713 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point b
Article 122a – paragraph 3 – point b
(b) where the purpose of a specialised lending exposure is to provide for short- term financing of reserves, inventories or receivables of exchange-liquidly traded commodities, including crude oil, metals, or cropsoft commodities, and the income to be generated by those reserves, inventories or receivables is to be the proceeds from the sale of the commodity (‘commodities finance exposures’), institutions shall apply a risk weight of 100 %;
Amendment 720 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point c – point i
Article 122a – paragraph 3 – point c – point i
(i) 1310 % where the project to which the exposure is related is in the pre- operational phase;
Amendment 728 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122 – paragraph 3 – point c – point ii – indent 2
Article 122 – paragraph 3 – point c – point ii – indent 2
— the obligor has sufficient reserve funds fully funded in cash, or other financial arrangements, with highly rated guarantorsguarantors with an ECAI rating with a credit quality step of at least 3, or, if not externally rated, are assigned with a rating equivalent to a step 3 or higher with the bank validated internal rating model to cover the contingency funding and working capital requirements over the lifetime of the project being financed;
Amendment 737 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point c – point ii –indent 4 –introductory part
Article 122a – paragraph 3 – point c – point ii –indent 4 –introductory part
— where the revenues of the obligor are not funded by payments from a large number of users, the source of repayment of the obligation depends on one main counterparty and that main counterparty is one of the following:
Amendment 741 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point c – point ii – indent 4 – indent 2
Article 122a – paragraph 3 – point c – point ii – indent 4 – indent 2
— a public sector entity, provided that that entity is assigned a risk weight of 20 % or below in accordance with Article 116, or is assigned an ECAI rating with a credit quality step of at least 3, or, if not externally rated, are assigned with a rating equivalent to a step 3 or higher with the bank validated internal rating model;
Amendment 743 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point c –point ii – indent 4 –indent 3
Article 122a – paragraph 3 – point c –point ii – indent 4 –indent 3
— a corporate entity which has been assigned an ECAI rating with a credit quality step of at least 3., or, if not externally rated, are assigned with a rating equivalent to a step 3 or higher with the bank validated internal rating model;
Amendment 748 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122 – paragraph 3 – point c –point ii –indent 4 –indent 3 a (new)
Article 122 – paragraph 3 – point c –point ii –indent 4 –indent 3 a (new)
- an entity that is replaceable without a significant change in the level and timing of revenues.
Amendment 751 #
Proposal for a regulation
Article 1 – paragraph 1 – point 41
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point c – point ii – indent 8
Article 122a – paragraph 3 – point c – point ii – indent 8
— equity is pledged or assigned to the lending institution such that they are able to take control of the obligor entity upon default;
Amendment 776 #
Proposal for a regulation
Article 1 – paragraph 1 – point 42
Article 1 – paragraph 1 – point 42
Regulation (EU) No 575/2013
Article 123 – paragraph 4 a (new)
Article 123 – paragraph 4 a (new)
4 a. By way of derogation from paragraph 3, exposures under the standardised approach due to not-real estate leases granted by an institution to retail borrowers against the payment of periodic contractual payments shall be assigned a risk weight of 55%, provided that all the following conditions are met: a) the lessor performs a complete credit risk assessment process comprising lessees, subject of leases and their relative suppliers; b) the lessor retains the legal ownership of the leased asset throughout the life of the contract; c) the lessor has the right to carry out on- site inspections/access; d) the leased assets are instrumental to the exercise of the borrower’s economic activities.
Amendment 802 #
Proposal for a regulation
Article 1 – paragraph 1 – point 44
Article 1 – paragraph 1 – point 44
Regulation (EU) No 575/2013
Article 124 – paragraph 2 –point c – point ii a (new)
Article 124 – paragraph 2 –point c – point ii a (new)
(ii a) exposures related to property leasing transactions concerning offices or other commercial premises under which the institution is the lessor and the lessee has an option to purchase shall be assigned a risk weight of 50% provided that the exposure of the institution is fully and completely secured by its ownership of the property and the commercial immovable property is instrumental to the lessee’s economic activities.
Amendment 827 #
Proposal for a regulation
Article 1 – paragraph 1 – point 47
Article 1 – paragraph 1 – point 47
Regulation (EU) No 575/2013
Article 126 – paragraph 2 – introductory part
Article 126 – paragraph 2 – introductory part
2. ADC exposures to residential or commercial property, however, may be risk weighted at 100 %, provided that, where applicable, the institution applies sound origination and monitoring standards which meet the requirements of Articles 74 and 79 of Directive 2013/36/EU and where at least one of the following conditions is met:
Amendment 868 #
Proposal for a regulation
Article 1 – paragraph 1 – point 52
Article 1 – paragraph 1 – point 52
Regulation (EU) No 575/2013
Article 133 – paragraph 6
Article 133 – paragraph 6
6. Equity exposures to central banks shall be assigned a risk weight of 100 %.
Amendment 879 #
Proposal for a regulation
Article 1 – paragraph 1 – point 53 – point b a (new)Reglement (EU) 575/2013
Article 1 – paragraph 1 – point 53 – point b a (new)Reglement (EU) 575/2013
Article 134 – paragraph 8 a (new)
(b a) the following paragraph 8a is added: 8a. Securities financing transactions exposures risk weights shall be capped at 50 % and 20 % where the exposures residual maturities are respectively one year or less and 3 months or less.
Amendment 922 #
Proposal for a regulation
Article 1 – paragraph 1 – point 66 – point c a (new)
Article 1 – paragraph 1 – point 66 – point c a (new)
Regulation (EU) No 575/2013
Article 153 – paragraph 5 – subparagraph 1 – table 1
Article 153 – paragraph 5 – subparagraph 1 – table 1
Amendment 960 #
Proposal for a regulation
Article 1 – paragraph 1 – point 89 – point c a (new)
Article 1 – paragraph 1 – point 89 – point c a (new)
Regulation (EU) No 575/2013
Article 178 – paragraph 6 a (new)
Article 178 – paragraph 6 a (new)
(c a) the following paragraph is inserted: 6a. EBA shall develop draft regulatory technical standards to specify the definition of diminished financial obligation in case of distressed restructuring for the purposes of paragraph 3(d). EBA shall submit those draft regulatory technical standards to the Commission by 31 December 2023. Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.
Amendment 983 #
Proposal for a regulation
Article 1 – paragraph 1 – point 98 a (new)
Article 1 – paragraph 1 – point 98 a (new)
Regulation (EU) No 575/2013
Article 197 – paragraph 5 – point b
Article 197 – paragraph 5 – point b
(98 a) in Article 197(5), point (b) is replaced by the following: (b) the CIUs are limited to investing in instruments that are eligible for recognition under paragraphs 1 and 4; " Or. en (Regulation (EU) No 575/2013)
Amendment 986 #
Proposal for a regulation
Article 1 – paragraph 1 – point 98 a (new)
Article 1 – paragraph 1 – point 98 a (new)
Regulation (EU) No 575/2013
Article 197 – paragraph 6 – subparagraph 1
Article 197 – paragraph 6 – subparagraph 1
(98 a) in Article 197(6), subparagraph 1 is replaced by the following: "6. For the purposes of paragraph 5, where a CIU (‘the original CIU’) or any of its underlying CIUs are not limited to investing in instruments that are eligible under paragraphs 1 and 4, institutions: (i) where the institutions can apply the look-through method, they may use units or shares in that CIU as collateral up to the amount equal to the value of the underlying instruments, calculated following the existing provisions of the relevant European and national regulations, that are eligible for recognition under paragraphs 1 and 4; (ii) where institutions can apply the mandate-based approach, they may use units or shares in that CIU as collateral to an amount equal to the value of the eligible assets held by that CIU under the assumption that that CIU or any of its underlying CIUs have invested in non- eligible assets to the maximum extent allowed under their respective mandates. " Or. en (Regulation (EU) No 575/2013)
Amendment 994 #
Proposal for a regulation
Article 1 – paragraph 1 – point 98 c (new)
Article 1 – paragraph 1 – point 98 c (new)
Regulation (EU) No 575/2013
Article 198 – paragraph 1
Article 198 – paragraph 1
(98 c) in Article 198, paragraph 1 is replaced by the following: "1. In addition to the collateral established in Article 197, where an institution uses the Financial Collateral Comprehensive Method set out in Article 223, that institution may use the following items as eligible collateral: (a) equities or convertible bonds not included in a main index but traded on a recognised exchange; (b) units or shares in CIUs where both the following conditions are met: (i) the units or shares have a daily public price quote; (ii) the CIU is limited to investing in instruments that are eligible for recognition under Article 197(1) and (4) and the items mentioned in point (a) of this subparagraph. In the case a CIU invests in units or shares of another CIU, conditions (a) and (b) of this paragraph equally apply to any such underlying CIU. The use by a CIU of derivative instruments to hedge permitted investments shall not prevent units or shares in that undertaking from being eligible as collateral. Or. en (Regulation (EU) No 575/2013)
Amendment 996 #
Proposal for a regulation
Article 1 – paragraph 1 – point 98 d (new)
Article 1 – paragraph 1 – point 98 d (new)
Regulation (EU) No 575/2013
Article 198 – paragraph 2 – subparagraph 1
Article 198 – paragraph 2 – subparagraph 1
(98 d) in Article 198(2), subparagraph 1 is replaced by the following: "2. Where the CIU or any underlying CIU are not limited to investing in instruments that are eligible for recognition under Article 197(1) and (4) and the items mentioned in point (a) of paragraph 1 of this Article, institutions: (i) where institutions can apply the look- through method, they may use units or shares in that CIU as collateral up to the amount equal to the value of the underlying instruments, calculated following the existing provisions of the relevant European and national regulations, that are eligible for recognition under paragraphs 1 and 4 and the items mentioned in point (a) of paragraph 1 of this Article; (ii) where institutions can apply the mandate-based approach, they may use units or shares in that CIU as collateral to an amount equal to the value of the eligible assets held by that CIU under the assumption that that CIU or any of its underlying CIUs have invested in non- eligible assets to the maximum extent allowed under their respective mandates. " Or. en (Regulation (EU) No 575/2013)
Amendment 1240 #
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 1
Article 465 – paragraph 3 – subparagraph 1
3. By way of derogation from Article 92(5)(a), point (i), parent institutions, parent financial holding companies or parent mixed financial holding companies, stand-alone institutions in the EU or stand- alone subsidiary institutions in Member States may, until 31 December2032, assign a risk weight of 65 % to exposures to corporates for which no credit assessment by a nominated ECAI is available provided that that entity estimates the PD of those exposures, calculated in accordance with Part Three, Title II, Chapter 3, is no higher than 0,5 %.
Amendment 1246 #
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 2
Article 465 – paragraph 3 – subparagraph 2
Amendment 1258 #
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
Amendment 1401 #
Proposal for a regulation
Article 1 – paragraph 1 – point 199
Article 1 – paragraph 1 – point 199
Regulation (EU) No 575/2013
Article 495a – paragraph 3
Article 495a – paragraph 3
3. By way of derogation from Article 133, institutions may continue to assign the same risk weight that was applicable as of [OP please insert the date = one day before the date of entry into force of this amending Regulation] to equity exposures- till a maximum of 250 % - to equity exposures, including the part of the exposures not deducted from own funds in accordance with Article 471, to entities of which they have been a shareholder at [adoption date] for six consecutive years and over which, at [adoption date], they exercise significant influence in the meaning of Directive 2013/34/EU, or the accounting standards to which an institution is subject under Regulation (EC) No 1606/2002, or a similar relationship between any natural or legal person and an undertaking.
Amendment 1446 #
Proposal for a regulation
Article 1 – paragraph 1 – point 199
Article 1 – paragraph 1 – point 199
Regulation (EU) No 575/2013
Article 495d – paragraph 1 – subparagraph 1 a (new)
Article 495d – paragraph 1 – subparagraph 1 a (new)
This also applies to all the items listed in bucket 5 of Annex I.
Amendment 1466 #
Proposal for a regulation
Article 1 – paragraph 1 – point 199 a (new)
Article 1 – paragraph 1 – point 199 a (new)
Regulation (EU) No 575/2013
Article 500 – paragraph 1 – subparagraph 1 – point b
Article 500 – paragraph 1 – subparagraph 1 – point b
Amendment 1469 #
Proposal for a regulation
Article 1 – paragraph 1 – point 199 b (new)
Article 1 – paragraph 1 – point 199 b (new)
Regulation (EU) No 575/2013
Article 500 – paragraph 1 – subparagraph 2
Article 500 – paragraph 1 – subparagraph 2
(199 b)in Article 500(1), subparagraph 2 is replaced by the following: "The adjustment referred to in the first subparagraph may only be carried out until 28 June31 December 20224 and its effects may last for as long as the corresponding exposures are included in the institution's own LGD estimates. ( https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02013R0575-20220410 )" Or. en
Amendment 1501 #
Proposal for a regulation
Article 1 – paragraph 1 – point 202 a (new)
Article 1 – paragraph 1 – point 202 a (new)
Regulation (EU) No 575/2013
Article 501ca (new)
Article 501ca (new)
(202 a) the following article is inserted: ‘Article 501ca Sustainability Adjustment Factor for certain energy efficient mortgages 1. For exposures related to energy efficient mortgages as defined by point 2, the capital requirement for credit risk calculated according to Title II of Part Three shall be multiplied by a Sustainability Adjustment Factor (SAF) for mortgages of 0,80. 2. For the purpose of this Article, energy efficient mortgages are those that finance the renovation of buildings in order to allow them to increase at least two classes of Energy Performance in Energy Performance Certificate (EPC), or the construction of new buildings or acquisition and/or ownership of buildings with at least the class C of EPC. 3. If other supporting factors are envisaged for the exposures in paragraph 1 in this Regulation, the SAF should be added to those additional supporting factors prior to the calculation of the capital requirements for credit risk. 4. Institutions shall report to competent authorities every 12 months on the total amount of exposures qualified for the SAF and the related total capital requirements for credit risk. 5. The Commission shall by [3 years after entry into force of this Regulation] report on the impact of the SAF for qualified energy efficient mortgages and, if it is justified from a prudential perspective, if it should be kept at the level in point 1 or should be increased and shall submit that report to the European Parliament and to the Council together with a legislative proposal, if appropriate.’
Amendment 1504 #
Proposal for a regulation
Article 1 – paragraph 1 – point 202 b (new)
Article 1 – paragraph 1 – point 202 b (new)
Regulation (EU) No 575/2013
Article 501c b (new)
Article 501c b (new)
Amendment 1549 #
Proposal for a regulation
Annex – table – column 2 – row 8
Annex – table – column 2 – row 8
Regulation (EU) No 575/2013
Annex I
Annex I
Performance bonds, bid bonds, and warranties and standby letters of credit warranties not related to trade related to particular transactions and finance similar transaction-related contingent items;
Amendment 1555 #
Proposal for a regulation
Annex – table – column 2 – row 13 a (new)
Annex – table – column 2 – row 13 a (new)
Regulation (EU) No 575/2013
Annex I
Annex I
Performance bonds, bid bonds and warranties related to trade finance, and standby letters of credit related to particular transactions and similar transaction-related contingent items;