BETA

23 Amendments of Paul TANG related to 2018/0060(COD)

Proposal for a regulation
Recital 12

(12) ~~In order to facilitate a smooth transition towards this new prudential backstop, the new rules should not be applied in relation to exposures originated prior to 14 March 2018.~~ The Commission has repeatedly made public its intention to introduce a prudential backstop for NPEs. As of the date of the legislative proposal there should be sufficient clarity for institutions and other stakeholders on how the prudential backstop envisaged by the Commission would apply.

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point a

(a) 0.35 for the unsecured part of a non-performing exposure to be applied during the period between one year and two years following its classification as non-performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point b

(b) 0.28 for the unsecured part of a non-performing exposure to be applied during the period between one year and two years following its classification as non-performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point c

(c) 1 for the unsecured part of a non- performing exposure to be applied as of the first day of the ~~secon~~third year following its classification as non-performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 2 – point d

(d) 0.8 for the unsecured part of a non-performing exposure to be applied as of the first day of the second year following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point a

(a) 0.05 for the secured part of a non- performing exposure to be applied during the period between one year and two years following its classification as non- performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point b

(b) 0.04 for the secured part of a non- performing exposure to be applied during the period between one year and two years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point c

(c) 0.1 for the secured part of a non- performing exposure to be applied during the period between two and three years following its classification as non- performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point d

(d) 0.08 for the secured part of a non- performing exposure to be applied during the period between two and three years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point eArticle 469a

(e) 0.~~175~~4 for the secured part of a non- performing exposure to be applied during the period between three and four years following its classification as non- performing~~, where the obligor is past due more than 90 days~~;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point f

(f) 0.14 for the secured part of a non- performing exposure to be applied during the period between three and four years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point g

(g) 0.275 for the secured part of a non- performing exposure to be applied during the period between four and five years following its classification as non- performing~~, where the obligor is past due more than 90 days~~;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point h

(h) 0.22 for the secured part of a non- performing exposure to be applied during the period between four and five years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point i

(i) 0.47 for the secured part of a non- performing exposure to be applied during the period between five and six years following its classification as non- performing~~, where the obligor is past due more than 90 days~~;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point j

(j) 0.32 for the secured part of a non- performing exposure to be applied during the period between five and six years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point k

(k) 0.558 for the secured part of a non- performing exposure to be applied during the period between six and seven years following its classification as non- performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c paragraph 3 – point l

(l) 0.44 for the secured part of a non- performing exposure to be applied during the period between six and seven years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point m

(m) 0.75 for the secured part of a non- performing exposure to be applied during the period between seven and eight years following its classification as non- performing, where the obligor is past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point n

(n) 0.6 for the secured part of a non- performing exposure to be applied during the period between seven and eight years following its classification as non- performing, where the obligor is not past due more than 90 days;deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point o

(o) 1 for the secured part of a non- performing exposure to be applied as of the first day of the ~~eigh~~seventh year following its classification as non-performing, where the obligor is past due more than 90 days;

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 2

Regulation (EU) No 575/2013
Article 47c – paragraph 3 – point p

(p) 0.8 for the secured part of a non- performing exposure to be applied as of the first day of the eighth year following its classification as non-performing, where the obligor is not past due more than 90 days.deleted

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 7

Regulation (EU) No 575/2013
Article 469a – subparagraph 1

By way of derogation from Article 36(1)(m), institutions shall not deduct from Common Equity Tier 1 items the applicable amount of insufficient coverage for non performing exposures where the exposure was ~~incurred~~classified as non performing prior to 1~~4 March~~ January 20184.

2018/11/23
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 7

Regulation (EU) No 575/2013
Article 469a – subparagraph 2

Where the terms and conditions of an exposure which was incurred prior to 1~~4 March~~ January 20184 are modified by the institution in a way that increases the institution's exposure to the obligor, the exposure shall be considered as having been incurred on the date when the modification applies and shall cease to be subject to the derogation provided in the first subparagraph..

2018/11/23
Committee: ECON