2 Amendments of Danuta Maria HÜBNER related to 2016/0363(COD)
Amendment 50 #
Proposal for a directive
Recital 10
Recital 10
(10) To ensure that most instruments within the new 'non- preferred' senior class of debt instruments meet the eligibility criteria of Regulation (EU) No 575/2013 and of Directive 2014/59/EU, Member States should ensure that their initial contractual maturity spans one year, that they have no derivative features, and that the relevant contractual documentation related to their issuance explicitly refers to their ranking under normal insolvency proceedings. In order for institutions and resolution authorities to be able to reap the benefits of subordination in terms of facilitated bail-in of the instruments and improved resolvability of the institutions, institutions should also be allowed to issue "non-preferred" debt instruments with a maturity shorter than one year, which will not meet the eligibility criteria of Regulation (EU) No 575/2013 and of Directive 2014/59/EU but the place of which in the creditors' hierarchy will be clarified.
Amendment 68 #
Proposal for a directive
Article 1 – paragraph 2
Article 1 – paragraph 2
Directive 2014/59/EU
Article 108 – paragraph 2 – point a
Article 108 – paragraph 2 – point a