23 Amendments of Sirpa PIETIKÄINEN related to 2021/0342(COD)
Amendment 384 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point k
Article 1 – paragraph 1 – point 1 – point k
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52
Article 4 – paragraph 1 – point 52
(52) ‘operational risk’ means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, including, but not limited to, legal risk, model risk and ICT risk, but not strategic and reputational risk;;
Amendment 388 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
(52a) ‘legal risk’ means the risk of losses, including, but not limited to, expenses, fines, penalties or punitive damages, caused bywhich an institution may incur as a consequence of events that result in legal proceedings, including the following:
Amendment 402 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52d
Article 4 – paragraph 1 – point 52d
(52d) ‘environmental, social or governance (risk' or 'ESG) risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of environmental, social or governance (ESG) factors on the institution’s counterparties or invested assets;
Amendment 405 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52e – introductory part
Article 4 – paragraph 1 – point 52e – introductory part
(52e) ‘environmental risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of environmental factors on the institution’s counterparties or invested assets, including factors related to the transition towards the following environmental objectives:
Amendment 408 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52f
Article 4 – paragraph 1 – point 52f
(52f) ‘physical risk’, as part of the overall environmental risk, means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of the physical effects of environmental factors on the institution’s counterparties or invested assets;
Amendment 410 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52g
Article 4 – paragraph 1 – point 52g
(52g) ‘transition risk’, as part of the overall environmental risk, means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of the transition of business activities and sectors to an environmentally sustainable economy on the institution’s counterparties or invested assets;
Amendment 414 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52h
Article 4 – paragraph 1 – point 52h
(52h) ‘social risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of social factors on its counterparties or invested assets;
Amendment 418 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point l
Article 1 – paragraph 1 – point 1 – point l
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 52i
Article 4 – paragraph 1 – point 52i
(52i) ‘governance risk’ means the risk of losses arising from any negative financial impact on the institution stemming from the current or prospective impacts of governance factors on the institution’s counterparties or invested assets;;
Amendment 431 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point t
Article 1 – paragraph 1 – point 1 – point t
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 79
Article 4 – paragraph 1 – point 79
(79) ‘ADC exposures’ or ‘land acquisition, development and construction exposures’ means exposures to corporates or special purpose entities financing any land acquisition for development and construction purposes, or financing development and construction of any residential or commercial immovable property;; except for loans to housing entities which after the construction phase continue to own and administer the financed property.
Amendment 787 #
Proposal for a regulation
Article 1 – paragraph 1 – point 44
Article 1 – paragraph 1 – point 44
Regulation (EU) No 575/2013
Article 124 – paragraph 2 – point a – introductory part
Article 124 – paragraph 2 – point a – introductory part
(a) where the exposure is secured by a residential property, the exposure shall not qualify as an IPRE exposure and shall be treated in accordance with Article 125(1) where the exposure meets any of the following conditions (i-iva):
Amendment 789 #
Proposal for a regulation
Article 1 – paragraph 1 – point 44
Article 1 – paragraph 1 – point 44
Regulation (EU) No 575/2013
Article 124 – paragraph 2 – point a – point i
Article 124 – paragraph 2 – point a – point i
(i) the immovable property securing the exposure is the obligor’s primary residenceexposure is to an individual and secured by a residential property, and which is in line with environmentally sustainable economy, either where the immovable property as a whole constitutes a single housing unit or where the immovable property securing the exposure is a housing unit that is a separated part within an immovable property;
Amendment 794 #
Proposal for a regulation
Article 1 – paragraph 1 – point 44
Article 1 – paragraph 1 – point 44
Regulation (EU) No 575/2013
Article 124 – paragraph 2 – point a – point iv a (new)
Article 124 – paragraph 2 – point a – point iv a (new)
(iv a) the exposure fulfills the definition of a non-IPRE exposure
Amendment 797 #
Proposal for a regulation
Article 1 – paragraph 1 – point 44
Article 1 – paragraph 1 – point 44
Regulation (EU) No 575/2013
Article 124 – paragraph 2 – point b
Article 124 – paragraph 2 – point b
(b) where the exposure is secured by residential property and is an IPRE exposure or the exposure does not meet any of the conditions laid down in point (a), points (i) to (iv), the exposure shall be treated in accordance with Article 125(2);
Amendment 805 #
Proposal for a regulation
Article 1 – paragraph 1 – point 44
Article 1 – paragraph 1 – point 44
Regulation (EU) No 575/2013
Article 124 – paragraph 3 – introductory part
Article 124 – paragraph 3 – introductory part
3. In order to be eligible for the treatment laid down in paragraph 2Article 125(1), point (a), or Article 126(1), point (a), an exposure secured by an immovable property shall fulfil all of the following conditions:
Amendment 810 #
Proposal for a regulation
Article 1 – paragraph 1 – point 44
Article 1 – paragraph 1 – point 44
Regulation (EU) No 575/2013
Article 124 – paragraph 3 – point a – point iii a (new)
Article 124 – paragraph 3 – point a – point iii a (new)
(iii a) the property is built by a housing company or cooperative which continues to own and administer the property after construction.
Amendment 816 #
Proposal for a regulation
Article 1 – paragraph 1 – point 45
Article 1 – paragraph 1 – point 45
Regulation (EU) No 575/2013
Article 125 – paragraph 1 – introductory part
Article 125 – paragraph 1 – introductory part
1. An exposure secured by a residential property that complies with the definition of a non IPRE-exposure or with any of the conditions laid down in Article 124(2), point (a), points (i) to (iv a), shall be treated as follows:
Amendment 817 #
Proposal for a regulation
Article 1 – paragraph 1 – point 45
Article 1 – paragraph 1 – point 45
Regulation (EU) No 575/2013
Article 125 – paragraph 1 – point a – subparagraph 1
Article 125 – paragraph 1 – point a – subparagraph 1
(a) the part of the exposure up to 55 % of the property value remaining after any senior or pari passu ranking liens not held by the institution have been deducted shall be assigned a risk weight of 20 %. Similarly, the part of the exposure up to 40 % shall be assigned a risk weight of 15 % and exposure up to 30 % shall be assigned a risk weight of 10 %.
Amendment 820 #
Proposal for a regulation
Article 1 – paragraph 1 – point 45
Article 1 – paragraph 1 – point 45
Regulation (EU) No 575/2013
Article 125 – paragraph 2 – introductory part
Article 125 – paragraph 2 – introductory part
2. An IPRE exposure or an exposure secured by a residential property that does not meet any of the conditions laid down in Article 124(2), point (a), points (i) to (iv), shall be assigned the higher between the risk weight set in accordance with the following Table 6aaa, and the risk weight set in accordance with Article 124(7):
Amendment 1002 #
Proposal for a regulation
Article 1 – paragraph 1 – point 103 – point a – point i
Article 1 – paragraph 1 – point 103 – point a – point i
Regulation (EU) No 575/2013
Article 208 – paragraph 3 – point b – subparagraph 1 a
Article 208 – paragraph 3 – point b – subparagraph 1 a
The value of the property shall not exceed the average value measured for that property or for a comparable property over the last three years in case of commercial immovable property, and over the last six years in case of residentialproperty value used for an exposure secured by an immovable property shall not exceed the market value of this immovable property. Modifications made to the property that improve the energy efficiency of the building or housing unit shall be considered as unequivocally increasing its value.;
Amendment 1233 #
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 3 – subparagraph 1
Article 465 – paragraph 3 – subparagraph 1
3. By way of derogation from Article 92(5)(a), point (i), parent institutions, parent financial holding companies or parent mixed financial holding companies, stand-alone institutions in the EU or stand- alone subsidiary institutions in Member States may, until 31 December2032, assign a risk weight of 65 % to exposures to corporates for which no credit assessment by a nominated ECAI is available provided that that entity estimates the PD of those exposures, calculated in accordance with Part Three, Title II, Chapter 3, is no higher than 0,5 %.
Amendment 1257 #
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 3 – subparagraph 3
Article 465 – paragraph 3 – subparagraph 3
Amendment 1301 #
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 5 – subparagraph 1 – point a
Article 465 – paragraph 5 – subparagraph 1 – point a
(a) until 31 December 2032, a risk weight of 10 % to the part of the exposures secured by mortgages on residential property up to 55 % of the property value remaining after any senior or pari passu ranking liens not held by the institution have been deducted,
Amendment 1409 #
Proposal for a regulation
Article 1 – paragraph 1 – point 199
Article 1 – paragraph 1 – point 199
Regulation (EU) No 575/2013
Article 495a – paragraph 3
Article 495a – paragraph 3
3. By way of derogation from Article 133, institutions may continue to assign the same risk weight that was applicable as of [OP please insert the date = one day before the date of entry into force of this amending Regulation]assign risk weight of 100 % to equity exposures to entities of which they have been a shareholder at [adoption date] for six consecutive years and over which they exercise at least significant influence or control in the meaning of Directive 2013/34/EU, or the accounting standards to which an institution is subject under Regulation (EC) No 1606/2002, or a similar relationship between any natural or legal person and an undertaking, regardless of the sector that undertaking is active in, of the risk weight previously assigned to the exposures, and of the approach previously applied to the exposures.