Activities of Pervenche BERÈS related to 2016/0363(COD)
Plenary speeches (1)
Ranking of unsecured debt instruments in insolvency hierarchy (debate) FR
Amendments (2)
Amendment 42 #
Proposal for a directive
Recital 4 a (new)
Recital 4 a (new)
(4a) In order to ensure certainty for markets and to allow a build-up of the necessary buffers, markets also need timely clarity about the eligibility criteria required for instruments to be recognised as TLAC/MREL liabilities and about the levels of TLAC/MREL requirement and guidance.
Amendment 55 #
Proposal for a directive
Recital 10
Recital 10
(10) To ensure that the new 'non- preferred' senior class of debt instruments meet the eligibility criteria of Regulation (EU) No 575/2013 and of Directive 2014/59/EU, Member States should ensure that their initioriginal contractual maturity spansis of at least one year, that they have no derivative features, and that the relevant contractual documentation related to their issuance explicitly refers to their ranking under normal insolvency proceedings.