11 Amendments of Gianni PITTELLA related to 2011/0202(COD)
Amendment 165 #
Proposal for a regulation
Recital 27
Recital 27
(27) In line with the decision of the BCBS, as endorsed by the GHOS on 10 January 2011, all Additional Tier 1 and Tier 2 instruments of an systemically important financial institutions should be fully and permanently written down or converted fully into Common Equity Tier 1 capital at the point of non-viability of the institution.
Amendment 417 #
Proposal for a regulation
Article 30 – paragraph 1 – point b a (new)
Article 30 – paragraph 1 – point b a (new)
(ba) unrealized gains or losses on EU sovereign debt that are valued at fair value and held in the available for sale category. Until the review of the IFRS due to eliminate the available for sale category, EBA shall draft technical standards to specify the conditions according to which point (ba) shall apply.
Amendment 440 #
Proposal for a regulation
Article 45 – paragraph - 2 (new)
Article 45 – paragraph - 2 (new)
- 2. Without prejudice to paragraph 1 above and subject to the provision of the present section 3, [Member States may allow institutions not to deduct] institutions shall not deduct holdings in the Common Equity Tier 1 instruments of the insurance undertakings, reinsurance undertakings and insurance holding companies in which the institution has an investment, whether significant or not, where the following conditions are met: a) the shares of such undertakings are listed in a European regulated market; b) the entities act according to a traditional insurance business model; c) the institution does not own more than 15% of the voting rights or capital of that undertaking; d) following assessment by the competent authority, the competent authority is satisfied of the level of risk controls and financial analysis procedures specifically adopted by the institution in order to supervise the investment in the undertaking.
Amendment 442 #
Proposal for a regulation
Article 45 – paragraph 2
Article 45 – paragraph 2
2. Items that are not deducted pursuant to paragraph 1 and 2 shall be risk weighted at 250 % and subject to the requirements of Title IV of Part Three, as applicable.
Amendment 457 #
Proposal for a regulation
Article 46 – paragraph 1 a (new)
Article 46 – paragraph 1 a (new)
1 a. Without prejudice to the provisions of the present Section 3, [Member States may allow institutions not to deduct] institutions shall not deduct holdings in the Common Equity Tier 1, instruments of insurance undertakings, reinsurance undertakings and insurance holding companies in which the institution has an investment, whether significant or not, where the following conditions are met: a) the shares of such undertakings are listed in a European regulated market; b) the entities act according to a traditional insurance business model; c) the institution does not own more than 15% of the voting rights or capital of that undertaking; d) following assessment by the competent authority, the competent authority is satisfied of the level of risk controls and financial analysis procedures specifically adopted by the institution in order to supervise the investment in the undertaking. With reference to items that are not deducted pursuant to paragraph 1 As an alternative to the deduction of holdings of an institution in the Common Equity Tier 1 instruments of insurance undertakings, reinsurance undertakings and insurance holding companies in which the institution has a significant investment, competent authorities may allow institutions to apply methods 1, 2 or 3 of Annex I to Directive 2002/87/EC. The institution shall apply the method chosen in a consistent manner over time.
Amendment 494 #
Proposal for a regulation
Article 49 – paragraph 2 – subparagraph 1 – point b
Article 49 – paragraph 2 – subparagraph 1 – point b
(b) the nature of the permanent and temporarily write down of the principal amount;
Amendment 579 #
Proposal for a regulation
Article 87 – paragraph 3 – point a a (new)
Article 87 – paragraph 3 – point a a (new)
(aa) the risk weighted exposure amounts for credit risk for loans to SMEs (as defined in Title II Chapter 3 Section 2 Sub-section 2 Art.148 (4)) for which the risk weighted exposure amounts have to be calculated in accordance with Title II and then multiplied by 76.19% (application of an SMEs Supporting Factor);
Amendment 580 #
Proposal for a regulation
Article 87 – paragraph 3 – point a b (new)
Article 87 – paragraph 3 – point a b (new)
(ab) risk weighted exposure amounts from the trading book business of the institution;
Amendment 1158 #
Proposal for a regulation
Article 410 – paragraph 8 – subparagraph 1 – point a – introductory part
Article 410 – paragraph 8 – subparagraph 1 – point a – introductory part
(a) the depositor is one of following: (i) a parent or subsidiary institution of the institution or another subsidiary of the same parent institution or linked to the institution by a relationship within the meaning of Article 12(1) of Directive 83/349/EEC; or (ii) an institution falling within the same institutional protection scheme meeting the requirements of Article 108(7);
Amendment 1205 #
Proposal for a regulation
Article 413 – paragraph 2 – point a
Article 413 – paragraph 2 – point a
(a) monies due from customers that are not financial customers shall be reduced by 50% of their value or by the contractual commitments to those customers to extend funding, whichever is higher. ThisFor this purpose, assets with an undefined contractual end date shall be included, provided that the contract allows the bank to withdraw and request payment within 30 days. This point (a) does not apply to monies due from secured lending and capital market driven transactions as defined in Article 188 that are collateralised by liquid assets according to Article 404;
Amendment 1226 #
Proposal for a regulation
Article 413 – paragraph 4 – subparagraph 1 – point b
Article 413 – paragraph 4 – subparagraph 1 – point b
(b) the provider iscounterpart is one of the following: i) a parent or subsidiary institution of the institution or another subsidiary of the same parent institution or linked to the institution by a relationship within the meaning of Article 12(1) of Directive 83/349/EEC; ii) an institution falling within the same institutional protection scheme meeting the requirements of Article 108(7); and