[ParlTrack]

Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point b a (new)

Regulation (EU) No 575/2013
Article 6 – paragraph 4

(ba) Paragraph 4 is replaced by the following: "4. Credit institutions and investment firms that are authorised to provide the investment services and activities listed in points (3) and (6) of Section A of Annex I to Directive 2004/39/EC shall comply with the obligations laid down in Part Six on an individual basis. Credit institutions that are recognised as Central Counterparties Parties (CCPs) as laid down in Article 14 of Regulation (EU) No 648/2012 and that do not perform maturity transformation shall be exempted from the obligations laid down in Article 413(1) on an individual basis. Pending the report from the Commission in accordance with Article 508(3), competent authorities may exempt investment firms from compliance with the obligations laid down in Part Six taking into account the nature, scale and complexity of the investment firms' activities." ~~(http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013R0575&from=DE)~~Or. en

2018/02/02
Committee: ECON

Peter SIMON, Udo BULLMANN

Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point b a (new)

Regulation (EU) No 575/2013
Article 6 – paragraph 5

(ba) Paragraph 5 is replaced by the following "5. Institutions, except for investment firms referred to in Article 95(1) and Article 96(1) and institutions for which competent authorities have exercised the derogation specified in Article 7(1) or (3), shall comply with the obligations laid down in Part Seven on an individual basis.~~" (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013R0575&from=DE)~~ Credit institutions that are recognised as Central Counterparties (CCPs) as laid down in Article 14 of Regulation (EU) No 648/2012 shall be exempted from the obligations laid down in Part Seven on an individual basis." Or. en

2018/02/02
Committee: ECON

Paul TANG, Jakob von WEIZSÄCKER, Udo BULLMANN, Marco VALLI

Proposal for a regulation
Article 1 – paragraph 1 – point 116

Regulation (EU) No 575/2013
Article 449 a (new)

Article 449a Disclosure of the climate-related risks 1. From... [3 years after entry into force of this Regulation], institutions disclose the following information on climate-related risks in accordance with Article 84a of Directive 2013/36/EU, and in alignment with the recommendations from the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD): (a) A description of the specific problems relating to climate, which could arise in the short, medium, or long-term and could have a material or financial impact on the institution, and whether these are physical or transition risks; (b) A description of the processes that are used to determine which risks could have a material or financial impact on the institution and how these are integrated into the overall risk management; (c) A description of significant concentrations of credit exposures against carbon-related assets, if these are material. This should include a forward- looking climate scenario analysis assessing how the lending portfolio aligns with the Paris Agreement’ objective of limiting global warming well below 2°C, as recommended by the TCFD (d) A description of the impact of climate-related risks on the business, strategy and financial planning of the institution, if these are material; (e) A description of the processes that the institution uses to identify, evaluate and manage risks; (f) The parameters and metrics that the institution used to evaluate the impact of short-, medium- and long-term climate- related risks on lending and financial intermediary services, if these are material; (g) A description of the role of the board with regard to the evaluation and management of climate-related risks. 2. The management body, as defined in article 88 of 2013/36/EU, will sign for the correctness of the information on climate-related risks described in this article. 3. For the purpose of implementing the definition referred to in this article the EBA may prepare draft technical regulatory standards.

2018/02/05
Committee: ECON

Paul TANG, Udo BULLMANN, Marco VALLI

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 d a (new)

Article 501da Support factor for green assets 1. Risk-weighted exposure amounts for green exposures to corporates, used for a unit that exists or was created to finance, refinance or operate green assets as described in paragraph 3, and which meet the prudential criteria as set out in Article 501a(1)(c)-(n) and Article 501a(2), shall be adjusted in accordance with the following formulae: (i) if E' <= EUR 1 500 000, RW* = RW 0.7612; (ii) if E' > EUR 1 500 000, RW* = min {RW; EUR 1500 000} * 0.7612 + max {0; RW – 1 500 000} * 0.85; where: RW* = adjusted risk-weighted exposure amount for green exposure; E' = the total amount in green exposures owed to the institution and parent undertakings and its subsidiaries, including any exposure in default, by the obligor client or group of connected clients, but excluding claims or contingent claims secured on residential property collateral; RW= risk-weighted exposure amount for green exposure, calculated in accordance with Part II, Title II and this Article. 2. For the purpose of this Article, the following shall apply: The Commission is empowered supplement this Regulation by adopting delegated acts in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010 to define a carbon footprint methodology, in order to compile a list of exposures that are defined as green exposures. For the purpose of implementing the definition referred to in this paragraph and the compilation of the green exposures list, the EBA shall prepare draft technical regulatory standards. The EBA shall submit those draft regulatory technical standards to the Commission by ... [two years after entry into force of this Regulation]. 4. Institutions shall report the total amount of green assets, calculated in accordance with paragraph 2, to the relevant authorities every three months. 5. The EBA shall, [three years after entry into force of this regulation], report to the Commission on the impact of the own funds requirement on the financing of, and investment in, green assets. For the purposes of this article, the EBA report to the Commission shall include the following: (a) An analysis of the developments in financing and investments in green assets over the period specified in in this paragraph; (b) An analysis of the effective risk profile of green assets over an entire economic cycle; (c) Any additional points which the EBA regards as important in this report. 6. The Commission shall submit this report to the European Parliament and the Council, accompanied by a legislative proposal if considered necessary. 7. The Green Support Factor cannot for the same assets be combined with the SME support factor referred to in Article 501, the infrastructure support factor referred to in Article 501a or the support factor for social enterprises referred to in Article 501db.

2018/02/05
Committee: ECON

Paul TANG, Jakob von WEIZSÄCKER, Udo BULLMANN, Marco VALLI

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 d a (new)

Article 501da Penalising factor for brown assets 1. Risk-weighted exposure amounts for brown exposures, used for a unit that exists or was created to finance, refinance or operate brown assets as described in paragraph 2, shall be adjusted in accordance with the following formulae: (i) if E' <= EUR 1 500 000, RW** = RW 1.15; (ii) if E' > EUR 1 500 000, RW* = min {RW; EUR 1500 000} * 1.15 + max {0; RW – 1 500 000} * 1.2388; where: RW** = adjusted risk-weighted exposure amount for brown exposure; E' = the total amount owed in brown exposures to the institution and parent undertakings and its subsidiaries, including any exposure in default, by the obligor client or group of connected clients, but excluding claims or contingent claims secured on residential property collateral; RW= risk-weighted exposure amount for brown exposure, calculated in accordance with Part II, Title II and this Article. 2. For the purpose of this Article, the following shall apply: The Commission is empowered supplement this Regulation by adopting delegated acts in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010 to define a carbon footprint methodology, in order to compile a list of exposures that are defined as brown exposures, taking into account the transition of institutions to a low carbon strategy. For the purpose of implementing the definition referred to in this paragraph and the compilation of the brown exposures list, the EBA shall prepare draft technical regulatory standards. The EBA shall submit those draft regulatory technical standards to the Commission by ... [two years after entry into force of this Regulation]. 3. Institutions shall report the total amount of brown assets, calculated in accordance with paragraph 2, to the relevant authorities every three months. 4. The EBA shall, [three years after entry into force of this regulation], report to the Commission on the impact of the own funds requirement on the financing of, and investment in, brown assets. For the purposes of this article, the EBA report to the Commission shall include the following: (a) An analysis of the developments in financing and investments in brown assets over the period specified in this paragraph; (b) An analysis of the effective risk profile of brown assets over an entire economic cycle; (c) Any additional points which the EBA regards as important in this report. 6. The Commission shall submit this report to the European Parliament and the Council, accompanied by a legislative proposal if considered necessary.

2018/02/05
Committee: ECON

5 Amendments of Udo BULLMANN related to 2016/0360A(COD)

ParlTrack - 2011-2024