Commission Delegated Regulation (EU) 2015/63 of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements (revoked)

EU Regulation 2015/63 · Adopted 21 October 2014 · Extends to United Kingdom

Commission Delegated Regulation (EU) 2015/63

of 21 October 2014

supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements (revoked)

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Annotations to the whole text

Textual amendments

F1: Regulation revoked (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), regs. 1(2), 6(a); 2020 c. 1, Sch. 5 para. 1(1)

GENERAL PROVISIONS Repealed
1Subject matter Repealed
2Scope Repealed
3Definitions Repealed
METHODOLOGY Repealed
4Determination of the annual contributions Repealed
5Risk adjustment of the basic annual contribution Repealed
6Risk pillars and indicators Repealed
7Relative weight of each risk pillar and indicator Repealed
8Application of the risk indicators in specific cases Repealed
9Application of the risk adjustment to the basic annual contribution Repealed
10Annual contributions of small institutions Repealed
11Annual contributions of institutions covered by Article 45(3) of Directive 2014/59/EU Repealed
12New supervised institutions or change of status Repealed
13Process for raising annual contributions Repealed
ADMINISTRATIVE ASPECTS AND PENALTIES Repealed
14Reporting obligations of institutions Repealed
15Obligation of resolution authorities to exchange information Repealed
16Reporting obligations of deposit guarantee schemes Repealed
17Enforcement Repealed
18Administrative penalties and other administrative measures Repealed
COOPERATION ARRANGEMENTS Repealed
19Cooperation arrangements Repealed
FINAL PROVISIONS Repealed
20Transitional provisions Repealed
21Entry into force Repealed
Signature
Annex I: PROCEDURE FOR THE CALCULATION OF THE ANNUAL CONTRIBUTIONS OF INSTITUTIONS Repealed
STEP 1Calculation of the Raw Indicators Repealed
Discretization of the Indicators Repealed
1Division 1 Repealed
2For each raw indicator resulting from Step 1, xij , except for the indicator ‘extent of previous extraordinary public financial support’, the resolution authority shall calculate the number of bins, kij , as the nearest integer to: Repealed
3Division 3 Repealed
4Division 4 Repealed
5Division 5 Repealed
STEP 3Rescaling of the Indicators Repealed
Inclusion of the Assigned Sign Repealed
1The resolution authority shall apply the following signs to the indicators: Repealed
2The resolution authority shall apply the following transformation to each rescaled indicator resulting from Step 3, RIij,n , in order to include its sign: Repealed
Calculation of the Composite Indicator Repealed
1The resolution authority shall aggregate the indicators i within each pillar j through a weighted arithmetic average by applying the following formula: Repealed
2In order to compute the composite indicator, the resolution authority shall aggregate the pillars j through a weighted geometric average by applying the following formula: Repealed
3The resolution authority shall apply the following transformation in order for the final composite indicator to be defined as taking higher values for institutions with higher risk profiles: Repealed
Calculation of the Annual Contributions Repealed
1The resolution authority shall rescale the final composite indicator resulting from Step 5, FCIn , over the range defined in Article 9 by applying the following formula: Repealed
2The resolution authority shall compute the annual contribution of each institution n, except in respect of institutions which are subject to Article 10 and except for the lump-sum portion of the contributions of institutions to which Member States apply Article 20(5), as: Repealed
Annex IIDATA TO BE SUBMITTED TO THE RESOLUTION AUTHORITIES Repealed

1Subject matterF1

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2ScopeF1

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3DefinitionsF1

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4Determination of the annual contributionsF1

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5Risk adjustment of the basic annual contributionF1

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6Risk pillars and indicatorsF1

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7Relative weight of each risk pillar and indicatorF1

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8Application of the risk indicators in specific casesF1

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9Application of the risk adjustment to the basic annual contributionF1

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10Annual contributions of small institutionsF1

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11Annual contributions of institutions covered by Article 45(3) of Directive 2014/59/EUF1

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12New supervised institutions or change of statusF1

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13Process for raising annual contributionsF1

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14Reporting obligations of institutionsF1

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15Obligation of resolution authorities to exchange informationF1

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16Reporting obligations of deposit guarantee schemesF1

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17EnforcementF1

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18Administrative penalties and other administrative measuresF1

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19Cooperation arrangementsF1

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20Transitional provisionsF1

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21Entry into forceF1

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Signature

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STEP 1Calculation of the Raw IndicatorsF1

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1F1

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2For each raw indicator resulting from Step 1, xij , except for the indicator ‘extent of previous extraordinary public financial support’, the resolution authority shall calculate the number of bins, kij , as the nearest integer to:F1

$1 + \log_{2} (N) + \log_{2} (1 + \frac{|g_{ij}|}{σ_{g}})$ ,

where:

N is the number of institutions, contributing to the resolution financing arrangement, for which the indicator is calculated;

$g_{ij} = \frac{\frac{1}{N} \sum_{N}^{n = 1} {(x_{ij,n} - \bar{x})}^{3}}{{[\frac{1}{N - 1} \sum_{N}^{n = 1} {(x_{ij,n} - \bar{x})}^{2}]}^{3 ∕ 2}}$ ;

$\bar{x} = \frac{\sum_{N}^{n = 1} x_{ij,n}}{N}$ ;

$σ_{g} = \sqrt{\frac{6 (N - 2)}{(N + 1) (N + 3)}}$ .

3F1

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4F1

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5F1

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STEP 3Rescaling of the IndicatorsF1

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1The resolution authority shall apply the following signs to the indicators:F1

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2The resolution authority shall apply the following transformation to each rescaled indicator resulting from Step 3, RIij,n , in order to include its sign:F1

1The resolution authority shall aggregate the indicators i within each pillar j through a weighted arithmetic average by applying the following formula:F1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2In order to compute the composite indicator, the resolution authority shall aggregate the pillars j through a weighted geometric average by applying the following formula:F1

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3The resolution authority shall apply the following transformation in order for the final composite indicator to be defined as taking higher values for institutions with higher risk profiles:F1

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1The resolution authority shall rescale the final composite indicator resulting from Step 5, FCIn , over the range defined in Article 9 by applying the following formula:F1

where the arguments of the minimum and the maximum functions shall be the values of all institutions, contributing to the resolution financing arrangement, for which the final composite indicator is calculated.

2The resolution authority shall compute the annual contribution of each institution n, except in respect of institutions which are subject to Article 10 and except for the lump-sum portion of the contributions of institutions to which Member States apply Article 20(5), as:F1

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Annex IIDATA TO BE SUBMITTED TO THE RESOLUTION AUTHORITIESF1

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Commission Delegated Regulation (EU) 2015/63 of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements (revoked)

Annotations to the whole text

Textual amendments

Contents