2 Amendments of Bernd LUCKE related to 2014/0020(COD)
Amendment 101 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3 a) Since the publication of the HLEG the Union and its Member States have adopted a vast variety of legislation aiming at breaking the link between sovereign and banks to avoid future bail- outs. In this context it is crucial to restore resolvability and liability of credit institutions. A structural reform of the banking sector can install transparency and eliminate cross subsidisation of trading activities by deposits eligible under the Deposit Guarantee Scheme in accordance with Directive 2014/49/EU1a. To assure a credible bail-in and, thus, a liability for risks and losses, significantly higher capital requirements than under current regulation are needed. The Financial Stability Board's proposal of a Total Loss-Absorbing Capacity represents a first step into this direction. __________________ 1aDirective 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit-guarantee schemes. OJ L 173, 12.06.2014, p.149.
Amendment 513 #
Proposal for a regulation
Article 10 – paragraph 3 – subparagraph 1 a (new)
Article 10 – paragraph 3 – subparagraph 1 a (new)
Notwithstanding a decision by the competent authority to require a credit institution to not carry out trading activities listed in its conclusions, in due course and with due respect to market conditions, the competent authority may require capital ratios or liquidity requirements significantly larger than under CRR/CRD IV.