3 Amendments of Othmar KARAS related to 2020/2122(INI)
Amendment 63 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
F a. whereas sound global standards and principles are important for the prudential regulation of banks; whereas the standards of the Basel Committee on Banking Supervision (BCBS) should be enacted into European law in a timely fashion and with due regard for their goals, taking proper account of the specific characteristics of the European banking system, where appropriate, and the proportionality principle;
Amendment 130 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. NotWelcomes the ‘CRR quick fix’ with targeted changes to the Capital Requirements Regulation31 extending transitional arrin order to support banks’ lending capacity to households and businesses mitigating the economic impact of the COVID-19 pangdements in order to support banks’ lending capacityic and ensuring that the regulatory framework interacts smoothly with other measures addressing the crisis32 ; _________________ 31Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1). 32Regulation (EU) 2020/873 of the European Parliament and of the Council of 24 June 2020 amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards certain adjustments in response to the COVID-19 pandemic (OJ L 204, 26.6.2020, p. 4).
Amendment 174 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes the postponement of the implementation of the Basel III reforms andat in March 2020, the Group of Central Bank Governors and Heads of Supervision (GHOS) revised the implementation timeline of the final elements of the Basel III framework to increase the operational capacity of banks and supervisors to respond to the immediate consequences of the COVID- 19 pandemic; underlines the importance of sound global banking standards and their consistent and timely implementation; awaits the Commission’s upcoming proposal on the implementation of the finalised standards, takingBasel III standards; recalls that the implementation should take into account the specificities and diversity of the EU banking sector; and business models and respect the principle of not significantly increasing overall capital requirements, while at the same time strengthening the overall financial position of European banks; recalls its resolution of 23 November 2016 on the finalisation of Basel III and calls on the Commission to act on the recommendations therein when drafting the legislative proposals;