7 Amendments of Roberto GUALTIERI related to 2016/0360B(COD)
Amendment 42 #
Proposal for a regulation
Recital 51
Recital 51
(51) The application of the expected credit loss provisioning introduced by the revised international accounting standards on financial instruments “IFRS9”, may lead to a sudden significant indecrease in the capital ratios of institutions. While discussions are on-going on the appropriate prudential treatment of the impact of increased expected credit losses and to prevent an unwarranted detrimental effect on lending by credit instituFor this reason, appropriate transitional arrangements and a phase-in period of 5 years should be introduced in order to allow institutions to offset the potential significant negative impact on CET1 capital arising from expected credit losses accounting during the transition period determined by the introductions, of the incremental provisioning for credit risk of IFRS9 should be phased innew international accounting standards.
Amendment 96 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) 575/2013
Article 473a – paragraph 2
Article 473a – paragraph 2
2. TInstitutions shall calculate the amount referred to in paragraph 1 shall be calculated asas the greater of the amounts in points (a) and point (b): (a) zero (b) the after-tax amount calculated in accordance with point (i) reduced by the amount calculated in accordance with point (ii): (i) the sum of the twelve -month expected credit losses determined in accordance with paragraph 5.5.5 of the Annex to Commission Regulation (EU) No …. / 2016 (32 )2016/2067 and the amount of the loss allowance for financial instruments equal to the lifetime expected losses determined in accordance with paragraph 5.5.3 of the Annex to that Regulation for financial assets that are not credit- impaired as defined by Appendix A of Commission Regulation (EU) No …. / 2016 (1). _________________ 32 …./2016 of .. …… 2016 adopting certain international accounting standards in accordance with2016/2067; (ii) the total amount of impairment losses on loans and receivables, held to maturity investments and available for sale assets, other than equity instruments and units or shares in collective investment undertakings, determined in accordance with paragraphs 63, 67 and 68 of IAS 39 adopted in the Union by Commission Regulation (EC) No 160126/2002 of the European Parliament and of the Council (OJ L , ……, p. ).8 as at 31 December 2017 or on the day before the first application of IFRS 9, reduced by the total amount of the loss allowances for lifetime expected losses of credit impaired financial assets determined in accordance with paragraph 5.5.3 of the Annex to Regulation (EU) No 2016/2067 as at 1 January 2018 or on the date of the first application of IFRS 9. Commission Regulation (EU) No
Amendment 107 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – Paragraph 3 – point a
Article 473a – Paragraph 3 – point a
(a) 1 in the period from [date of application of this Article] to [ date of application of this Article + 1 year - 1 day]1 January 2018 to 31 December 2018;
Amendment 116 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point b
Article 473a – paragraph 3 – point b
(b) 0,8 in the period from [date of application of this Article + 1 year] to [date of application of this Article + 2 years - 1 day]1 January 2019 to 31 December 2019;
Amendment 128 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119 Regulation (EU) No 575/2013
Article 1 – paragraph 1 – point 119 Regulation (EU) No 575/2013
(c) 0,6 in the period from [date of application of this Article +2 years] to [date of application of this Article +3 years - 1 day]1 January 2020 to 31 December 2020;
Amendment 142 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point d
Article 473a – paragraph 3 – point d
(d) 0,4 in the period from [date of application of this Article +3 years] to [date of application of this Article +4 years - 1 day]1 January 2021 to 31 December 2021;
Amendment 156 #
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point e
Article 473a – paragraph 3 – point e
(e) 0,2 in the period from [date of application of this Article +4 years] to [date of application of this Article +5 years - 1 day].1 January 2022 to 31 December 2022;