[ParlTrack]

Proposal for a regulation
Recital 4 a (new)

(4a) Banks must be able to offer a complete package of services for savers, small and medium-sized undertakings and the business sector, but may no longer use savings for trading for their own profit and high-risk trading activities; internal separation or splitting of a bank’s company operations and its business services can prevent the use of savings for these activities;

2015/02/04
Committee: ECON

Tom VANDENKENDELAERE, Esther DE LANGE

Proposal for a regulation
Recital 10

(10) Consistent with the goals of contributing to the functioning of the internal market, it should be possible to grant a derogation for a credit institution from the provisions on separation of certain trading activities where a Member State has adopted national primary legislation prior to 29 January 2014 (including secondary legislation subsequently adopted) prohibiting credit institutions, which take deposits from individuals and Small and Medium sized Enterprises (SMEs) from dealing in investments as a principal and holding trading assets. The Member State should therefore be entitled to make a request to the Commission to grant a derogation from the provisions on separation of certain trading activities for a credit institution that is subject to the national legislation compatible with those provisions. This would allow Member States that already have primary legislation in place, the effects of which are equivalent to and consistent with this Regulation, to avoid alignment of existing, effective provisions. To ensure that the impact of that national legislation, as well as of subsequent implementing measures, does not jeopardise the aim or functioning of the internal market, the aim of that national legislation and related supervisory and enforcement arrangements must be able to ensure that credit institutions that take eligible deposits from individuals and from SMEs comply with legally binding requirements that are equivalent and compatible with the provisions provided in this Regulation. The competent authority supervising the credit institution subject to the national legislation in question should be responsible for providing an opinion that should accompany the request for the derogation.Deleted

2015/02/04
Committee: ECON

Esther DE LANGE, Tom VANDENKENDELAERE

Proposal for a regulation
Recital 12

(12) This Regulation intends to reduce excessive risk taking and rapid balance sheet growth, difficult resolution, difficult monitoring, conflicts of interest, competition distortions, and misallocation of capital. Bank resolvability may provide an indication of whether certain activities by banks lead to excessive risk and a threat to financial stability but this is certainly not the only criterion. It also intends to shield institutions carrying out activities that deserve a public safety net from losses incurred as a result of other activities. Necessary rules should therefore contribute to refocusing banks on their core relationship-oriented role of serving the real economy, and avoid that bank capital be excessively allocated to trading at the expense of lending to the non-financial economy.

2015/02/04
Committee: ECON

Esther DE LANGE, Tom VANDENKENDELAERE

Proposal for a regulation
Recital 24 a (new)

(24a) In a regulation that aims to prevent excessive risk-taking in trading activities, consideration should be given to the actual risk taken by banks when trading and banks should be given an incentive to diminish their trading-related risk exposures or to increase eligible capital in order to comply with the legislation; by measuring the size of banks’ trading activities use can be made of the prudential measures of risk exposures provided for in Regulation (EU) No 575/2013; other measures that may be better suited to assessing the scale of trading activities should also be taken into account;

2015/02/04
Committee: ECON

Esther DE LANGE, Tom VANDENKENDELAERE

Proposal for a regulation
Article 3 – paragraph 1 – point b a (new)

(ba) entities that come under the direct supervision of the ECB in accordance with Regulation (EU) No 468/2014.

2015/02/04
Committee: ECON

Tom VANDENKENDELAERE, Esther DE LANGE

Proposal for a regulation
Article 21

~~[...]~~deleted

2015/02/03
Committee: ECON

6 Amendments of Tom VANDENKENDELAERE related to 2014/0020(COD)

ParlTrack - 2011-2024