6 Amendments of Joachim SCHUSTER 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 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 1161 #
Proposal for a regulation
Article 1 – paragraph 1 – point 180 a (new)
Article 1 – paragraph 1 – point 180 a (new)
Regulation (EU) No 575/2013
Article 433b – paragraph 2
Article 433b – paragraph 2
Amendment 1167 #
Proposal for a regulation
Article 1 – paragraph 1 – point 182
Article 1 – paragraph 1 – point 182
Regulation (EU) No 575/2013
Article 434 – paragraph 3
Article 434 – paragraph 3
3. EBA shall publish on its website the disclosures of small and non-complex institutions on the basis of the information reported by those institutions to competent authorities in accordance with Article 430. and paragraph 2 of Article 447.
Amendment 1173 #
Proposal for a regulation
Article 1 – paragraph 1 – point 188 – point d a (new)
Article 1 – paragraph 1 – point 188 – point d a (new)
Regulation (EU) No 575/2013
Article 447 – paragraph1 a (new)
Article 447 – paragraph1 a (new)
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