2 Amendments of Catherine STIHLER related to 2011/0203(COD)
Amendment 64 #
Proposal for a directive
Recital 56
Recital 56
(56) It is therefore appropriate to require credit institutions and relevant investment firms to hold, in addition to other own fund requirements, a Capital Conservation Buffer and a Countercyclical Capital Buffer to ensure that credit institutions and investment firms accumulate during periods of economic growth a sufficient capital base to absorb losses in stressed periods. The Countercyclical Capital Buffer would be built up when aggregate credit growth is judged to be associated with a build-up of system-wide risk, and drawn down during stressed periods.
Amendment 447 #
Proposal for a directive
Article 122 – paragraph 1 a (new)
Article 122 – paragraph 1 a (new)
The provisions of this chapter shall not apply to investment firms that are not authorised to provide the investment services listed in points 3 and 6 of Section A of Annex I to Directive 2004/39/EC .