4 Amendments of Werner LANGEN related to 2016/0362(COD)
Amendment 33 #
Proposal for a directive
Recital 5
Recital 5
(5) Member States should ensure that institutions have sufficient loss absorbing and recapitalisation capacity to ensure smooth and fast absorption of losses and recapitalisation in resolution with a minimum impact on financial stability and taxpayers. That should be achieved through compliance by institutions with an institution-specific minimum requirement for own funds and eligible liabilities ('MREL') as provided in Directive 2014/59/EU. Where the resolution plan provides that no resolution action would be taken, including if the entity shall be wound up under normal insolvency proceedings, the entity should not be subject to MREL requirements.
Amendment 198 #
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45 – paragraph 2 a (new)
Article 45 – paragraph 2 a (new)
2 a. Where the resolution plan provides for no resolution action to be taken pursuant to Article 32, including if the entity is to be wound up under normal insolvency proceedings, the entity should not be subject to MREL.
Amendment 486 #
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45i – paragraph 1 – introductory part
Article 45i – paragraph 1 – introductory part
1. Entities referred to in Article 1(1) with the exception of entities for which the resolution plan provides that no resolution action would be taken pursuant to Article 32, including if the entity shall be wound up under normal insolvency proceedings, shall report to their competent and resolution authorities on the following on at least a yearly basis:
Amendment 493 #
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45i – paragraph 2 – introductory part
Article 45i – paragraph 2 – introductory part
2. Entities referred to in Article 1(1), with the exception of entities for which the resolution plan provides that no resolution action would be taken pursuant to Article 32, including if the entity shall be wound up under normal insolvency proceedings, shall make the following information publicly available on at least a yearly basis: