[ParlTrack]

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

Regulation (EU) No 575/2013
Article 366 – paragraph 4 – subparagraph 1 a (new)

(-1) In Article 366(4), the following subparagraph is added: "Under the most extraordinary circumstances, competent authorities may exclude the overshootings both under hypothetical and actual changes, where these overshootings do not result from deficiencies in the internal model and that have occurred between 1 January 2020 and 31 December 2021 in the calculation of the addend set out in paragraph 3."

2020/05/27
Committee: ECON

Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)

Regulation (EU) No 575/2013
Article 495 – paragraph 2

(2a) In Article 495, paragraph 2 is replaced by the following: “2. In the calculation of risk-weighted exposure amounts for the purposes of Article 114(4), until 31 December 201722 the same risk weight shall be assigned in relation to exposures to the central governments or central banks of Member States denominated and funded in the domestic currency of any Member State as would be applied to such exposures denominated and funded in their domestic currency.” ~~(https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0575-20230628)~~Or. en

2020/05/27
Committee: ECON

Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 1 – point 3

Regulation (EU) No 575/2013
Article 500a

(3) the following article is inserted: Article 500a Temporary treatment of public guarantees related to the COVID-19 pandemic By way of derogation from Article 47c(3), until [date of entry into force of this amending Regulation + 7 years] the factors set out in Article 47c(4) shall also apply to the part of the non-performing exposure guaranteed by an eligible provider referred to in points (a) to (e) of Article 201(1), where, subject to compliance with Union State aid rules, where applicable, the guarantee or counter-guarantee is provided as part of support measures to assist borrowers amid the COVID-19 pandemic.deleted

2020/05/27
Committee: ECON

Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 1 – point 3

Regulation (EU) No 575/2013
Article 500a – paragraph 1 a (new)

1a. By way of derogation from Article 114(2), for exposures to the central governments and central banks of Member States denominated and funded in the domestic currency of another Member State. (a) until 31 December 2022, the risk weight applied to the exposure values shall be 0 % of the risk weight assigned to those exposures in accordance with Article 114(2); (b) during the period from 1 January 2023 to 31 December 2023, the risk weight applied to the exposure values shall be 20 % of the risk weight assigned to those exposures in accordance with Article 114(2); (c) during the period from 1 January 2024 to 31 December 2024, the risk weight applied to the exposure values shall be 50 % of the risk weight assigned to those exposures in accordance with Article 114(2); (d) during the period beginning 1 January 2025 and thereafter, the risk weight applied to the exposure values shall be 100 % of the risk weight assigned to those exposures in accordance with Article 114(2).

2020/05/27
Committee: ECON

Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 1 – point 3

Regulation (EU) No 575/2013
Article 500a – paragraph 1 b (new)

1b. By way of derogation from Articles 395(1) and 493(4), competent authorities may allow institutions to incur exposures referred to in paragraph 1 of this Article, up to the following limits: (a) 100 % of the institution’s Tier 1 capital until 31 December 2023; (b) 75 % of the institution’s Tier 1 capital until 31 December 2024; (c) 50 % of the institution’s Tier 1 capital until 31 December 2025. The limits referred to in points (a), (b) and (c) of the first subparagraph of this paragraph shall apply to exposure values after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403.

2020/05/27
Committee: ECON

Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 1 – point 3

1b. By way of derogation from point (ii) of point (d) of Article 150(1), after receiving the prior permission of the competent authorities and subject to the conditions laid down in Article 150, institutions may also apply the Standardised Approach to exposures to central governments and central banks that are assigned a 0 % risk weight under paragraph 1 of this Article.

2020/05/27
Committee: ECON

Caroline NAGTEGAAL

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

Regulation (EU) No 575/2013
Article 500 b (new)

(3a) the following article is inserted: “Article 500b Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic 1. By way of derogation from Article 429(4), until 27 June 2021, an institution may exclude from its total exposure measure the following exposures to the institution's central bank, subject to the conditions set out in paragraphs 2 and 3: (a) coin sand banknotes constituting legal currency in the jurisdiction of the central bank; (b) assets representing claims on the central bank, including reserves held at the central bank. The amount excluded by the institution cannot exceed the average amount of the exposures listed in points (a) and (b) of the first subparagraph over the most recent full reserve maintenance period of the institution’s central bank. 2. An institution may exclude the exposures listed in paragraph 1 where the institution's competent authority has determined, after consultation with the relevant central bank, and publicly declared that exceptional circumstances exist that warrant the exclusion in order to facilitate the implementation of monetary policies. 3. The exposures to be excluded under paragraph 1 shall meet both of the following conditions: (a) they are denominated in the same currency as the deposits taken by the institution; (b) their average maturity does not significantly exceed the average maturity of the deposits taken by the institution. 4. An institution that exclude from its total exposure measure exposures to its central bank in accordance with paragraph 1 shall also disclose the leverage ratio it would have if it did not exclude those exposures.”

2020/05/27
Committee: ECON

Activities of Caroline NAGTEGAAL related to 2020/0066(COD)

Shadow reports (1)

Amendments (7)

ParlTrack - 2011-2024