Texte de base complet (version commission)
AMENDMENTS BY THE EUROPEAN PARLIAMENT to the Commission proposal.
REGULATION (EU) 2017/... OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL.
amending as regards transitional arrangements for mitigating the impact of the introduction of IFRS 9 on own funds and for the large exposures treatment of certain public sector exposures denominated in other than domestic currencies of Member States.
(Text with EEA relevance).
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,
Having regard to the proposal from the European Commission,
After transmission of the draft legislative act to the national parliaments,
Having regard to the opinion of the European Central Bank,
Having regard to the opinion of the European Economic and Social Committee,
Acting in accordance with the ordinary legislative procedure,
Whereas:
(1) On 24 July 2014, the International Accounting Standards Board published International Financial Reporting Standard (IFRS) 9 Financial Instruments.
(2) The Commission adopted IFRS 9 through Commission Regulation (EU) No 2016/2067. Institutions are required to apply IFRS 9 from their first financial year starting on or after 1 January 2018.
(3) The application of IFRS 9 may lead to a sudden significant increase in expected credit loss provisions and consequently to a sudden decrease in institutions' Common Equity Tier 1 capital.
(4) In its resolution of 6 October 2016 on IFRS 9, the European Parliament called for a progressive phase-in regime.
(5) Transitional arrangements should have a maximum duration of five years, with a decreasing factor over time to ensure full implementation of IFRS 9.
(6) Institutions should decide whether to apply those transitional arrangements and inform the competent authority accordingly.
(7) Institutions should be granted additional relief where expected credit loss provisions increase due to worsening macroeconomic outlook.
(8) Institutions applying transitional arrangements should adjust calculation of regulatory items directly affected by expected credit loss provisions.
(9) Institutions applying IFRS 9 transitional arrangements should publicly disclose own funds and capital ratios with and without those arrangements.
(10) Transitional arrangements are also provided for the exemption from the large exposure limit for certain public sector debt exposures.
(11) This Regulation should enter into force on the day following publication in the Official Journal of the European Union.
(12) should therefore be amended accordingly.
Article 1
is amended as follows:
(1) the following Article is inserted: Article 473a - Introduction of IFRS 9.
By way of derogation from Article 50 and until the end of the transitional period, institutions may include a calculated amount in Common Equity Tier 1 capital.
The applicable factors for ABSA and ABIRB are 0.95 for 2018, 0.85 for 2019, 0.70 for 2020, 0.50 for 2021 and 0.25 for 2022.
Where an institution includes such amount in Common Equity Tier 1 capital, it shall recalculate all requirements laid down in this Regulation and in .
During the transitional period, institutions shall disclose amounts of own funds, Common Equity Tier 1 capital, Tier 1 capital and leverage ratio both with and without the application of those arrangements.
In accordance with Article 16 of , the EBA shall issue guidelines on disclosure requirements.
(2) in Article 493, additional paragraphs are inserted.
By way of derogation from Article 395(1), competent authorities may allow institutions to incur exposures up to 100% of Tier 1 capital until 31 December 2018, 75% until 31 December 2019, and 50% until 31 December 2020.
The transitional arrangements apply to exposures to central governments, central banks, public sector entities, and certain regional and local authorities, under conditions set in the Regulation.
Article 2
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Proposition d'amendement
Insert a safeguard clause requiring institutions to disclose, during the transitional period, both capital ratios with and without IFRS 9 adjustments in a harmonised format validated by the EBA.
Reference active
Ref. 01 - Regulation (EU) No 575/2013
CRR - exigences prudentielles des etablissements
Article 395(1), Article 473a, Article 493
"By way of derogation from Article 395(1), competent authorities may allow institutions to incur specific exposures under transitional limits until 31 December 2020."
Le coeur de l'amendement est d'ajuster les regimes transitoires du CRR, notamment sur les expositions importantes et l'introduction d'IFRS 9.