[ParlTrack]

Neena GILL, Alfred SANT, Olle LUDVIGSSON, Udo BULLMANN, Hugues BAYET, Mady DELVAUX, Cătălin Sorin IVAN, Paul TANG, Roberto GUALTIERI, Pervenche BERÈS, Costas MAVRIDES, Peter SIMON

Proposal for a directive
Recital 6 a (new)

(6a) The principle of equal pay for male and female workers for equal work or work of equal value is laid down in art 157 TFEU. This needs to be applied in a consistent way by credit institutions and investment firms. Therefore they should demonstrate a gender neutral remuneration policy.

2018/02/02
Committee: ECON

Pervenche BERÈS, Roberto GUALTIERI

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point b – introductory part

Directive 2013/36/EU
Article 2 – paragraph 5a and 5b

(b) the following paragraph~~s 5a and 5b are inserted:~~ 5a is inserted: 5a. The Commission may regularly review whether the list under paragraph5 can be enlarged to other institutions through a delegated act adopted pursuant to Article 148.

2018/02/02
Committee: ECON

Pervenche BERÈS, Roberto GUALTIERI

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point b

Directive 2013/36/EU
Article 2 – paragraph 5a

~~5a. This Directive shall not apply to an institution where the Commission establishes in a~~ delegated act adopted pursuant to Article 148, on the basis of information available to it that the institution fulfils all of the following conditions, without prejudice to the application of state aid rules: (a) public law by a Member State's central government, regional government or local authority; (b) institution confirm that its activity is limited to advancing specified objectives of financial, social or economic public policy in accordance with the laws and provisions governing that institution, on a non-competitive, not for profit basis. For these purposes, public policy objectives may include the provision of financing for promotional or development purposes to specific economic activities, or geographical areas of the relevant Member State; (c) effective prudential requireit has been established under laws and provisions governing the it is subject to adequate and the central governments, including minimum own funds requirements, and to an adequate supervisory framework which has similar effect as the framework established under Union law; (d) government or local authority, as applicable, has an obligation to protect the institution's viability or directly or indirectly guarantees at least 90% of the institution's own funds requirements, funding requirements or exposures; (e) covered deposits as defined in point (5) of Article 2(1) of Directive 2014/49/EU of the European Parliament and of the Council12 ; (f) Member State where its head office is situated; (g) assets is below EUR 30 billion; (h) assets over the GDP of the Member State concerned is less than 20%; (i) the institution is not of significant relevance with regard to the domestic economy of the Member State concerned. The Commission shall regularly review whether an institution subject to a delegated act adopted pursuant to Article 148 continues to fulfil the conditions set out in the first subparagraph. __________________ 12 Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes (recast) (OJ L 173, 12.6.2014, p. 149)regional it is precluded from accepting its activities are confined to the the total value of the institution's the ratio of the institution's total

2018/02/02
Committee: ECON

Pervenche BERÈS, Roberto GUALTIERI

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point b

Directive 2013/36/EU
Article 2 – paragraph 5b

~~5b. This Directive shall not apply to categories of institutions in a Member State, where the Commission establishes in a~~ delegated act adopted pursuant to Article 148, on the basis of information available to it, that the institutions falling under that category qualify as credit unions under the national law of a Member State and meet all of the following conditions: (a) cooperative nature; (b) set of members sharing certain pre- defined common personal featuthey are financial institutions of a their membership is restricted to a they ares or interests; (c) credit and financial services to their members; (d) deposits or repayable funds from their members and such deposits qualify as covered deposits under point 5 of Article 2(1) of Directive 2014/49/EU; (e) the activities listed in points 1 to 6 and 15 of Annex I to this Directive; (f) effective prudential requirements, including minimum capital requirements, and a supervisory framework which has similar effect as the framework established under Union law; (g) this category of institutions does not exceed 3% of the GDP of the Member State concerned and the total value of assets of individual institutions does not exceed EUR 100 million; (h) Member State where their head office is situated. The Commission shall regularly review whenly permitted to provide they are only permitted to accept they are only permitted to perform they are subject to adequate and the aggregate value of the assets of their a ~~category of institutions subject to a delegated act adopted pursuant to Article 148~~ctivities are contfin~~ues to fulfil the conditions set out in the first subparagraph..~~ed to the

2018/02/02
Committee: ECON

Neena GILL, Alfred SANT, Olle LUDVIGSSON, Udo BULLMANN, Hugues BAYET, Mady DELVAUX, Cătălin Sorin IVAN, Paul TANG, Roberto GUALTIERI, Pervenche BERÈS, Costas MAVRIDES, Peter SIMON

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point a

Directive 2013/36/EU
Article 3 – point 64 a (new)

(64a) Gender neutral remuneration policy in a credit institution or investment firm means a remuneration policy based on equal pay for women and men for equal work or work of equal value.

2018/02/02
Committee: ECON

Neena GILL, Alfred SANT, Olle LUDVIGSSON, Udo BULLMANN, Hugues BAYET, Mady DELVAUX, Cătălin Sorin IVAN, Paul TANG, Roberto GUALTIERI, Pervenche BERÈS, Costas MAVRIDES, Peter SIMON

Proposal for a directive
Article 1 – paragraph 1 – point 11 a (new)

Directive 2013/36/EU
Article 74

(11a) Article 74 is amended as follows: "1. Institutions shall have robust governance arrangements, which include a clear organisational structure with well- defined ,transparent and consistent lines of responsibility, effective processes to identify, manage, monitor and report the risks they are or might be exposed to, adequate internal control mechanisms, including sound administration and accounting procedures, and remuneration policies and practices that are consistent with and promote sound and effective risk management. Those remuneration policies and practices shall be gender neutral. .2. The arrangements, processes and mechanisms referred to in paragraph 1 shall be comprehensive and proportionate to the nature, scale and complexity of the risks inherent in the business model and the institution's activities. The technical criteria established in Articles 76 to95 shall be taken into account 3. EBA shall issue guidelines on the 3. arrangements ,processes and mechanisms referred to in paragraph 1, in accordance with paragraph 2. ~~(http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013L0036&from=EN)~~One year after the adoption of this directive, EBA will issue guidelines on gender neutral remuneration policy for credit institutions and investment firms. Two years after the publication of these guidelines and based on the information collected by the national competent authorities, EBA will draft a report about the application of gender neutral remuneration policies by credit institutions and investment firms. " Or. en

2018/02/02
Committee: ECON

Neena GILL, Alfred SANT, Olle LUDVIGSSON, Udo BULLMANN, Hugues BAYET, Mady DELVAUX, Cătălin Sorin IVAN, Paul TANG, Roberto GUALTIERI, Costas MAVRIDES, Pervenche BERÈS, Peter SIMON

Proposal for a directive
Article 1 – paragraph 1 – point 12

Directive 2013/36/EU
Article 75 – paragraph 1

1. Competent authorities shall collect the information disclosed in accordance with the criteria for disclosure established in points (g), (h), (i) and (k) of Article 450(1) of Regulation (EU) No 575/2013 a~~nd shall use it~~s well as the information provided by credit institutions and investment firms on the gender pay gap and shall use this information to benchmark remuneration trends and practices. The competent authorities shall provide EBA with that information.

2018/02/02
Committee: ECON

Pervenche BERÈS

Proposal for a directive
Article 1 – paragraph 1 – point 13

Directive 2013/36/EU
Article 84 – paragraph 3

3. CFollowing a case by case analysis of the models and governance framework of an institution, competent authorities may require i~~nstitutions~~t to use the standardised methodology referred to in paragraph 1 where the internal systems implemented by theis institutions for the purposes of evaluating the risks referred to in paragraph 1 are not satisfactory. Competent authorities shall justify their decisions to impose the used of this methodology.

2018/02/02
Committee: ECON

Neena GILL, Alfred SANT, Olle LUDVIGSSON, Udo BULLMANN, Hugues BAYET, Mady DELVAUX, Cătălin Sorin IVAN, Paul TANG, Roberto GUALTIERI, Pervenche BERÈS, Costas MAVRIDES, Peter SIMON

Proposal for a directive
Article 1 – paragraph 1 – point 15 – point b a (new)

Directive 2013/36/EU
Article 92 – paragraph 2 – point a a (new)

(ba) In paragraph 2, the following point (aa) is inserted: (aa) the remuneration policy is gender neutral: female and male workers will be equally remunerated for equal work or work of equal value.

2018/02/02
Committee: ECON

Pervenche BERÈS

Proposal for a directive
Article 1 – paragraph 1 – point 18 – point b

Directive 2013/36/EU
Article 98 – paragraph 5

5. The review and evaluation performed by competent authorities shall include the exposure of institutions to the interest rate risk arising from non-trading book activities. Supervisory measures ~~shall~~may be required at least in the case of institutions whose economic value of equity referred to in Article 84(1) declines by more than 15 % of their Tier 1 capital as a result of a sudden and unexpected change in interest rates as set out in any of six supervisory shock scenarios applied to interest rates..

2018/02/02
Committee: ECON

Neena GILL, Alfred SANT, Olle LUDVIGSSON, Udo BULLMANN, Hugues BAYET, Mady DELVAUX, Cătălin Sorin IVAN, Paul TANG, Roberto GUALTIERI, Pervenche BERÈS, Costas MAVRIDES, Peter SIMON

Proposal for a directive
Article 1 – paragraph 1 – point 21 – point a

Directive 2013/36/EU
Article 104 – paragraph 1 – introductory part

1. For the purposes of Article 92(2)(b), Article 97, Article 98(4), Article 101(4) and Article 102 and the application of Regulation (EU) No 575/2013, competent authorities shall have at least the following powers:

2018/02/02
Committee: ECON

Neena GILL, Alfred SANT, Olle LUDVIGSSON, Udo BULLMANN, Hugues BAYET, Mady DELVAUX, Cătălin Sorin IVAN, Paul TANG, Roberto GUALTIERI, Pervenche BERÈS, Costas MAVRIDES, Peter SIMON

Proposal for a directive
Article 1 – paragraph 1 – point 21 – point a

Directive 2013/36/EU
Article 104 – paragraph 1 – point g

(g) to require institutions to limit variable remuneration as a percentage of net revenues where it is inconsistent with the maintenance of a sound capital base; and, to require credit institutions and investment firms to comply with the guidelines issued by EBA on gender neutral remuneration policies.

2018/02/02
Committee: ECON

12 Amendments of Pervenche BERÈS related to 2016/0364(COD)

ParlTrack - 2011-2024