7 Amendments of Gunnar HÖKMARK related to 2018/0043(COD)
Amendment 96 #
Proposal for a directive
Article 3 – paragraph 1 – point 1
Article 3 – paragraph 1 – point 1
(1) 'covered bond' means a debt obligation issued under supervision according to Article 18 by a credit institution and swhich is a dual recoured by a cover pool of assets which covered bond investors have direct recourse to as preferred creditorsse instrument according to Article 4, which is bankruptcy remote according to Article 5, for which the assets in the cover pool are segregated according to Article 12, and which is collateralised by eligible assets according to Article 6;
Amendment 174 #
Proposal for a directive
Article 10 – paragraph 1
Article 10 – paragraph 1
Member States shall ensure investor protection bylay down rules providing for a sufficient level of homogeneity of the assets in the cover pool so that they shall be of a similar nature in terms of structural features, lifetime of assets or risk profilethe type of collateral backing the claims in the cover pool. With respect to the assets referred to in Article 6, a cover pool shall be considered sufficiently homogenous if and only if all of its primary assets belong to one of the following three groups: – assets compliant with points (a)to (c) of Article 129(1) of Regulation (EU) No 575/2013; – assets compliant with points (d) to (f) of Article 129(1) of Regulation (EU) No 575/2013; –assets compliant with point (g) of Article 129(1) of Regulation (EU) No 575/2013.
Amendment 242 #
Proposal for a directive
Article 16 – paragraph 1
Article 16 – paragraph 1
1. Member States shall ensure investor protection by requiring that the cover pool includes at all times a liquidity buffer composed of liquid assets available to cover the net liquidity outflow of the covered bond programme.
Amendment 247 #
Proposal for a directive
Article 16 – paragraph 2 a (new)
Article 16 – paragraph 2 a (new)
2 a. Member States shall ensure that credit institutions may monetise their liquid assets to cover their net liquidity outflows during stress periods, even if such a use of liquid assets may result in their liquidity coverage ratio falling below requirement in paragraph 2 during such periods.
Amendment 249 #
Proposal for a directive
Article 16 – paragraph 3 – subparagraph 1 – point a
Article 16 – paragraph 3 – subparagraph 1 – point a
(a) assets qualifying as level 1, level 2A and level 2B assets pursuant to Articles 10, 11 and 12 of Delegated Regulation (EU) 2015/61, valuated in accordance with Article 9 of that Delegated Regulation and segregated in accordance with Article 13 of this Directive;.
Amendment 268 #
Proposal for a directive
Article 16 – paragraph 4
Article 16 – paragraph 4
4. Where the credit institution issuing covered bonds is subject to liquidity requirements set out in other acts of Union or national law, Member States may decide that the national rules transposing paragraphs 1, 2 and 3 do not apply throughout the period foreseen in those acts of Union or national law.
Amendment 282 #
Proposal for a directive
Article 30 – paragraph 1
Article 30 – paragraph 1
Member States shall ensure that covered bonds issued before XX [OP: please insert the date laid down in the second subparagraph of Article 32(1) of this Directive + 1 day"] and complying with the requirements laid down in Article 52(4) of Directive 2009/65/EC, in the version applicable on the date of their issue, are not subject to the requirements set out in Articles 5 to 12 and Articles 15, 16, 17 and 19 of this Directive, but may, notwithstanding the definition in article 3(1), continue to be referred to as covered bonds in accordance with this Directive until their maturity. The first paragraph also applies to new tranches or tap issues of a series of covered bonds for which the first issue date is prior to [OP: please insert the date laid down in the second subparagraph of Article 32(1) of this Directive + 1 day].