[ParlTrack]

Paul TANG, Jakob von WEIZSÄCKER, Marco VALLI, Udo BULLMANN

Proposal for a directive
Article 1 – paragraph 1 – point 13 a (new)

Directive 2013/36/EU
Article 84 a (new)

The following Article 84a is added: ´Article 84a Climate-related risks 1. The competent authorities shall ensure that policies and processes for the identification, measurement and management of all material sources and effects of climate-specific risks are implemented. 2. For the purposes of paragraph 1, the institution shall identify the following: a) the risks to which the institution is exposed in the short, medium and long terms; b) a description of significant concentrations of credit exposures involving carbon-related assets, if these exposures are material. This should include a forward-looking climate scenario analysis assessing how the portfolio aligns with the Paris Agreement’ objective of limiting global warming well below 2°C, as recommended by the TCFD; c) a description of the impact of the climate-related risks on the institution’s business, strategy and financial planning, if these risks are material and financial; d) a description of the processes which the institution uses to identify, assess and manage climate-related risks; e) the parameters and metrics which the institution used to assess the impact of short-, medium- and long-term climate- related risks on lending and financial intermediary transactions, if these risks are material. 3. The EBA shall issue guidelines to specify: a) what is meant by a short-term, a medium-term and a long-term time frame; b) what is meant by specific climate- related problems which may arise in the short, medium or long term and which could have a material, financial impact on the institution; c) what is meant by physical risks and transition risks; d) what is meant by the processes used to determine which risks could have a material, financial impact on the institution; e) what is meant by a green exposure based on the carbon footprint methodology defined by the Commission following article 501da (new) of Regulation (EU) No 575/2013; f) what is meant by a brown exposure based on the carbon footprint methodology defined by the Commission following article 501db (new) of Regulation (EU) No 575/2013; g) what is meant by forward-looking climate scenario analysis at portfolio level. The EBA shall publish these guidelines by ... [two years after the entry into force of this Directive]. 4. The EBA should conduct forward- looking climate scenario analysis on the portfolios of regulated entities to assess climate related risks and climate alignment of lending portfolios at EU market level. It should coordinate with other ESAs and the Commission to harmonise such climate scenario analysis.’

2018/02/02
Committee: ECON

Paul TANG, Jakob von WEIZSÄCKER, Cătălin Sorin IVAN

Proposal for a directive
Article 1 – paragraph 1 – point 29 a (new)

Directive 2013/36/EU
Article 129 – paragraph 1

(29 a) Article 129, paragraph 1 is replaced by the following: 1. Member States shall require institutions to maintain in addition to the Common Equity Tier 1 capital maintained to meet the own funds requirement imposed by Article 92 of Regulation (EU) No 575/2013, a capital conservation buffer of Common Equity Tier 1 capital equal to the higher of: (a) 2,5 % of their total risk exposure amount calculated in accordance with Article 92(3) of that Regulation on an individual and consolidated basis,; or (b) 1.0% of their leverage exposure measure calculated in accordance with Article 429(4) of that Regulation on an individual and consolidated basis; as applicable in accordance with Part One, Title II of that Regulation. "

2018/02/02
Committee: ECON

Paul TANG, Jakob von WEIZSÄCKER, Cătălin Sorin IVAN

Proposal for a directive
Article 1 – paragraph 1 – point 31

Directive 2013/36/EU
Article 141 – paragraph 1

1. An institution that meets the combined buffer requirement shall not make a distribution in connection with Common Equity Tier 1 capital or make payments on Additional Tier 1 instruments to an extent that would decrease its Common Equity Tier 1 capital to a level where the combined buffer requirement is no longer met.

2018/02/02
Committee: ECON

3 Amendments of Jakob von WEIZSÄCKER related to 2016/0364(COD)

ParlTrack - 2011-2024