natgillin/translations-raw huggingface dataset:
--- T2S finances , including : --- timely proposals on issues related to the compliance with the stated T2S objective of full cost recovery ( e.g. in case T2S does not attract sufficient volume ) and the possible resulting financial risk , the Eurosystem may be exposed to , --- proposals in light of the outcome of the T2S Programme Board 's negotiations with the 4CB regarding the « conditional fixed price offer » ( including the payment schedule ) , --- proposals on the annual budget managed by the T2S Programme Board , --- proposals concerning the T2S cost methodology , and --- proposals regarding the T2S pricing policy , --- overall T2S programme planning , --- any contract to be signed between the Eurosystem and external stakeholders , --- T2S risk management framework ( and acceptance of remaining risks ) , --- service level agreements ( SLAs ) to be established with the CSDs and NCBs and the 4CB , --- T2S migration strategy , --- crisis management strategy .
--- T2S finances , including : --- timely proposals on issues related to the compliance with the stated T2S objective of full cost recovery ( e.g. in case T2S does not attract sufficient volume ) and the possible resulting financial risk , the Eurosystem may be exposed to , --- proposals in light of the outcome of the T2S Programme Board 's negotiations with the 4CB regarding the « conditional fixed price offer » ( including the payment schedule ) , --- proposals on the annual budget managed by the T2S Programme Board , --- proposals concerning the T2S cost methodology , and --- proposals regarding the T2S pricing policy , --- overall T2S programme planning , --- any contract to be signed between the Eurosystem and external stakeholders , --- T2S risk management framework ( and acceptance of remaining risks ) , --- service level agreements ( SLAs ) to be established with the CSDs and NCBs and the 4CB , --- T2S migration strategy , --- crisis management strategy .
Programme management The T2S Programme Board : --- performs the overall management of the T2S programme , --- establishes a detailed plan , on the basis of the overall T2S programme plan , as approved by the Governing Council , --- assesses , validates and accepts the 4CB deliverables , according to pre-agreed quality standards , and in particular ensures that they are consistent with the URD , --- validates proposals from the 4CB , in particular on IT strategy , network provision and capacity planning strictly related to T2S , --- approves payment of instalments to the 4CB , according to an agreed schedule approved by the Governing Council ( conditional fixed price offer ) , once the 4CB deliveries have been accepted by the T2S Programme Board , --- coordinates proper change management ( URD ) , --- establishes test scenarios and later coordinates tests between the various stakeholders , --- implements the T2S risk management framework within the parameters set by the Governing Council , --- implements the T2S migration strategy within the parameters set by the Governing Council , --- implements the T2S crisis management strategy within the parameters set by the Governing Council , --- ensures compliance of the T2S service with regulatory requirements .
Programme management The T2S Programme Board : --- performs the overall management of the T2S programme , --- establishes a detailed plan , on the basis of the overall T2S programme plan , as approved by the Governing Council , --- assesses , validates and accepts the 4CB deliverables , according to pre-agreed quality standards , and in particular ensures that they are consistent with the URD , --- validates proposals from the 4CB , in particular on IT strategy , network provision and capacity planning strictly related to T2S , --- approves payment of instalments to the 4CB , according to an agreed schedule approved by the Governing Council ( conditional fixed price offer ) , once the 4CB deliveries have been accepted by the T2S Programme Board , --- coordinates proper change management ( URD ) , --- establishes test scenarios and later coordinates tests between the various stakeholders , --- implements the T2S risk management framework within the parameters set by the Governing Council , --- implements the T2S migration strategy within the parameters set by the Governing Council , --- implements the T2S crisis management strategy within the parameters set by the Governing Council , --- ensures compliance of the T2S service with regulatory requirements .
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Relations with external stakeholders The T2S Programme Board : --- ensures that the T2S service meets the market needs , --- maintains close relations with the CSDs ( jointly with the Eurosystem central banks ) and non-euro area NCBs .
Relations with external stakeholders The T2S Programme Board : --- ensures that the T2S service meets the market needs , --- maintains close relations with the CSDs ( jointly with the Eurosystem central banks ) and non-euro area NCBs .
The chairperson of the T2S Programme Board chairs the T2S Advisory Group or its successor body , --- negotiates with CSDs ( jointly with the Eurosystem central banks ) and NCBs , including contracts for development and operational phases ( to be endorsed by the Governing Council ) , --- performs , with the help of the central bank expert network , a central role in the communication on T2S vis-à-vis market participants and public authorities , --- conducts all T2S related harmonisation work , --- closely cooperates with all relevant public authorities or private bodies ( e.g. the EU Commission and the European Parliament , securities regulators ) , on relevant initiatives in the field of securities clearing and settlement , --- ensures transparency through the timely and consistent publication of relevant documentation .
The chairperson of the T2S Programme Board chairs the T2S Advisory Group or its successor body , --- negotiates with CSDs ( jointly with the Eurosystem central banks ) and NCBs , including contracts for development and operational phases ( to be endorsed by the Governing Council ) , --- performs , with the help of the central bank expert network , a central role in the communication on T2S vis-à-vis market participants and public authorities , --- conducts all T2S related harmonisation work , --- closely cooperates with all relevant public authorities or private bodies ( e.g. the EU Commission and the European Parliament , securities regulators ) , on relevant initiatives in the field of securities clearing and settlement , --- ensures transparency through the timely and consistent publication of relevant documentation .
Reporting The T2S Programme Board : --- prepares quarterly reports to the Governing Council .
Reporting The T2S Programme Board : --- prepares quarterly reports to the Governing Council .
In the spirit of full transparency , these reports are sent to the PSSC and to the EISC for comments before they are submitted to the Executive Board and the Governing Council , --- shares the agendas , the summaries and the relevant documentation of its meetings with the members of the PSSC to allow such members to provide input to the T2S Programme Board in exceptional cases , --- may consult any ESCB committees in case of need .
In the spirit of full transparency , these reports are sent to the PSSC and to the EISC for comments before they are submitted to the Executive Board and the Governing Council , --- shares the agendas , the summaries and the relevant documentation of its meetings with the members of the PSSC to allow such members to provide input to the T2S Programme Board in exceptional cases , --- may consult any ESCB committees in case of need .
COMPOSITION The T2S Programme Board is composed of eight members .
COMPOSITION The T2S Programme Board is composed of eight members .
The mandate of a T2S Programme Board member lasts for eighteen months and may be renewed .
The mandate of a T2S Programme Board member lasts for eighteen months and may be renewed .
Members of the Governing Council and the Governors of central banks that have committed to settle their national currency via T2S may present candidates for the T2S Programme Board .
Members of the Governing Council and the Governors of central banks that have committed to settle their national currency via T2S may present candidates for the T2S Programme Board .
The Governing Council will appoint the members of the T2S Programme Board upon the proposal of the Executive Board of the ECB .
The Governing Council will appoint the members of the T2S Programme Board upon the proposal of the Executive Board of the ECB .
In addition to the abovementioned members , the Governing Council may nominate alternates for each of the NCB members .
In addition to the abovementioned members , the Governing Council may nominate alternates for each of the NCB members .
These alternates will receive all T2S Programme Board documentation , will replace the incumbent in case of absence and may attend meetings of the T2S Programme Board as observers .
These alternates will receive all T2S Programme Board documentation , will replace the incumbent in case of absence and may attend meetings of the T2S Programme Board as observers .
WORKING PROCEDURES --- T2S Programme Board members do not represent their central bank of origin , but act in the general interest of the Eurosystem , --- in case of an equal number of votes in the T2S Programme Board , its chairperson will have a casting vote , --- members of the T2S Programme Board will not vote when they are in a situation of conflict of interest .
WORKING PROCEDURES --- T2S Programme Board members do not represent their central bank of origin , but act in the general interest of the Eurosystem , --- in case of an equal number of votes in the T2S Programme Board , its chairperson will have a casting vote , --- members of the T2S Programme Board will not vote when they are in a situation of conflict of interest .
This applies in particular to the members of Deutsche Bundesbank , Banque de France , Banca d' Italia and Banco de España , if the T2S Programme Board decides on the validation of the 4CB deliveries ,
This applies in particular to the members of Deutsche Bundesbank , Banque de France , Banca d' Italia and Banco de España , if the T2S Programme Board decides on the validation of the 4CB deliveries ,
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--- the chairperson of the T2S Programme Board works full time on the T2S project ;
--- the chairperson of the T2S Programme Board works full time on the T2S project ;
the independent members at least 30 % and the other members at least 10 %, --- members of the T2S Programme Board may not , at the same time , be members of the ECB decision-making bodies nor of the PSSC , nor of the EISC , --- the T2S Programme Board is supported by a T2S project team which may also be composed of staff seconded by ESCB central banks .
the independent members at least 30 % and the other members at least 10 %, --- members of the T2S Programme Board may not , at the same time , be members of the ECB decision-making bodies nor of the PSSC , nor of the EISC , --- the T2S Programme Board is supported by a T2S project team which may also be composed of staff seconded by ESCB central banks .
The team may also hire consultants , --- the T2S Programme Board function is subject to the reviews of the Internal Auditors Committee of the Eurosystem , --- the T2S Programme Board generally meets once every month , or on an ad-hoc basis , at the invitation of the Chairperson , --- details of the working procedures are to be addressed in the Rules of Procedure of the T2S Programme Board .
The team may also hire consultants , --- the T2S Programme Board function is subject to the reviews of the Internal Auditors Committee of the Eurosystem , --- the T2S Programme Board generally meets once every month , or on an ad-hoc basis , at the invitation of the Chairperson , --- details of the working procedures are to be addressed in the Rules of Procedure of the T2S Programme Board .
BUDGET The T2S Programme Board has its own budget , adopted by the Governing Council and subject to the BUCOM procedures .
BUDGET The T2S Programme Board has its own budget , adopted by the Governing Council and subject to the BUCOM procedures .
This budget comprises exclusively expenses which will be recovered by the T2S CSDs and , ultimately , by the T2S users .
This budget comprises exclusively expenses which will be recovered by the T2S CSDs and , ultimately , by the T2S users .
All such expenses are in the T2S budget .
All such expenses are in the T2S budget .
The PSSC , the EISC , the BUCOM and the T2S Advisory Group are consulted before the budget proposal is sent to the Governing Council .
The PSSC , the EISC , the BUCOM and the T2S Advisory Group are consulted before the budget proposal is sent to the Governing Council .
As much as possible and appropriate , the T2S Programme Board follows the procedures of the ECB , and the support functions of the ECB .
As much as possible and appropriate , the T2S Programme Board follows the procedures of the ECB , and the support functions of the ECB .
Related expenses are reimbursed to the ECB .
Related expenses are reimbursed to the ECB .
TRANSITORY MEASURES Transitory measures aim at allowing the T2S Programme Board to be fully operational on 1 August 2009 .
TRANSITORY MEASURES Transitory measures aim at allowing the T2S Programme Board to be fully operational on 1 August 2009 .
Members of the Governing Council and Governors of non-euro central banks which have committed to settle their national currencies via T2S are invited to propose candidates for membership of the T2S Programme Board by 8 April 2009 , in view of their appointment by the Governing Council on 23 April 2009 .
Members of the Governing Council and Governors of non-euro central banks which have committed to settle their national currencies via T2S are invited to propose candidates for membership of the T2S Programme Board by 8 April 2009 , in view of their appointment by the Governing Council on 23 April 2009 .
ECB staff members of the T2S division are assigned to the T2S programme as from 1 August 2009 .
ECB staff members of the T2S division are assigned to the T2S programme as from 1 August 2009 .
The T2S Programme Board will , inter alia , prepare proposals for the meeting of the Governing Council of 16 July 2009 , on the following topics : --- a budget for 2009 , --- Rules of Procedure for the T2S Programme Board , --- a note clarifying the working relations between the ECB services and the T2S Programme Board .
The T2S Programme Board will , inter alia , prepare proposals for the meeting of the Governing Council of 16 July 2009 , on the following topics : --- a budget for 2009 , --- Rules of Procedure for the T2S Programme Board , --- a note clarifying the working relations between the ECB services and the T2S Programme Board .
Navigation Path : Home &gt; The European Central Bank &gt; Právní rámec &gt; Všechna stanoviska ECB &gt; CON / 2008/51
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All ECB opinions &gt; CON / 2008/51
Dohoda ze dne 31 . prosince 2007 mezi Evropskou centrální bankou a Central Bank of Cyprus o pohledávce připsané Evropskou centrální bankou ve prospěch Central Bank of Cyprus podle článku 30.3 statutu Evropského systému centrálních bank a ECB
Agreement of 31 December 2007 between the ECB and the Central Bank of Cyprus regarding the claim credited to the Central Bank of Cyprus by the ECB under Article 30.3 of the Statute of the European System of Central Banks and of the ECB
Navigation Path : Home &gt; The European Central Bank &gt; Právní rámec &gt; Vše podle data &gt; 2009 &gt; CON / 2008/84
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2009 &gt; CON / 2008/84
Navigation Path : Home &gt; The European Central Bank &gt; Právní rámec &gt; Vše podle data &gt; 2003 &gt; CON / 2003/25
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2003 &gt; CON / 2003/25
Navigation Path : Home &gt; Publications &gt; Monthly Bulletin &gt; Editorials &gt; 2010 &gt; 21 . ledna 2010
Navigation Path : Home &gt; Publications &gt; Monthly Bulletin &gt; Editorials &gt; 2010 &gt; 21 January 2010
21 . ledna 2010 - Měsíční bulletin
21 January 2010 - Monthly Bulletin
Na základě pravidelné hospodářské a měnové analýzy rozhodla Rada guvernérů na svém zasedání dne 14 . ledna 2010 , že ponechá základní úrokové sazby ECB beze změny .
Based on its regular economic and monetary analyses , the Governing Council decided at its meeting on 14 January 2010 to leave the key ECB interest rates unchanged .
Po zohlednění všech údajů a analýz , které byly zveřejněny od zasedání Rady guvernérů dne 3 . prosince 2009 , by měl cenový vývoj v horizontu , který je pro měnovou politiku relevantní , zůstat utlumený .
The current rates remain appropriate . Taking into account all the information and analyses that have become available since the Governing Council meeting on 3 December 2009 , price developments are expected to remain subdued over the policy-relevant horizon .
Poslední informace také potvrzují , že hospodářská aktivita eurozóny ke konci roku 2009 nadále rostla .
The latest information has also confirmed that towards the end of 2009 euro area economic activity continued to expand .
Některé z faktorů , které tento růst reálného HDP podporují , jsou však přechodného charakteru .
However , some of the factors supporting the growth in real GDP are of a temporary nature .
Rada guvernérů celkově očekává , že hospodářství eurozóny v roce 2010 poroste mírným tempem , je si však vědoma , že takové oživení bude pravděpodobně nerovnoměrné a že tento výhled je spojen s nejistotou .
Overall , the Governing Council expects the euro area economy to grow at a moderate pace in 2010 , recognising that the recovery process is likely to be uneven and that the outlook remains subject to uncertainty .
Výsledek měnové analýzy potvrzuje hodnocení , že inflační tlaky jsou ve střednědobém horizontu slabé , neboť tempo růstu peněžní zásoby a úvěrů nadále souběžně zpomaluje .
The outcome of the monetary analysis confirms the assessment of low inflationary pressure over the medium term , given the ongoing parallel decline in money and credit growth .
Inflační očekávání ve střednědobém až dlouhodobějším horizontu zůstávají pevně ukotvena na úrovni , která odpovídá cíli Rady guvernérů udržovat míru inflace ve střednědobém horizontu pod 2 %, ale blízko této úrovně .
Medium to longer-term inflation expectations remain firmly anchored in line with the Governing Council 's aim of keeping inflation rates below , but close to , 2 % over the medium term .
Co se hospodářské analýzy týče , po mezičtvrtletním růstu reálného HDP ve výši 0,4 % dosaženém ve třetím čtvrtletí 2009 potvrzují poslední údaje , že ke konci loňského roku hospodářská aktivita eurozóny nadále rostla .
Starting with the economic analysis , following the 0.4% quarter-on-quarter increase in real GDP in the third quarter of 2009 , the latest information confirms that towards the end of last year economic activity in the euro area continued to expand .
Eurozóna těží z obratu v cyklu vývoje zásob a oživení vývozu i z probíhajícího výrazného makroekonomického stimulu a dále z opatření , která byla přijata k obnově fungování finančního systému .
The euro area has been benefiting from a turn in the inventory cycle and a recovery in exports , as well as from the significant macroeconomic stimulus under way and the measures adopted to restore the functioning of the financial system .
Nicméně řada těchto podpůrných faktorů má přechodný charakter .
However , a number of the supporting factors are of a temporary nature .
Navíc je pravděpodobné , že hospodářskou aktivitu bude po určitou dobu brzdit proces korekcí rozvah probíhající ve finančním i nefinančním sektoru , a to v eurozóně i mimo ni .
Furthermore , there is likely to be a drag on activity for some time to come on account of the ongoing process of balance sheet adjustment in the financial and non-financial sectors , both inside and outside the euro area .
Dále je pravděpodobné , že nízká míra využívání kapacit utlumí investice a očekává se , že v oblasti eurozóny míra nezaměstnanosti dále mírně poroste , a tím dojde i k utlumení růstu spotřeby .
In addition , low capacity utilisation rates are likely to dampen investment , and unemployment in the euro area is expected to increase somewhat further , thereby lowering consumption growth .
Může se také dále zlepšit důvěra a globální ekonomika i zahraniční obchod mohou oživit silněji , než předpokládají projekce .
Confidence may also improve further , and the global economy as well as foreign trade may recover more strongly than projected .
Na straně rizik zpomalení růstu zůstávají obavy související s výraznějším nebo delším než očekávaným vzájemným působením negativních vlivů mezi reálnou ekonomikou a finančním sektorem , s opětovným zvyšováním cen ropy a dalších komodit , zesílením protekcionistických tlaků a s možností rušivého vývoje na trzích v souvislosti s korekcí globálních nerovnováh .
On the downside , concerns remain relating to a stronger or more protracted than expected negative feedback loop between the real economy and the financial sector , renewed increases in oil and other commodity prices , the intensification of protectionist pressures and the possibility of disruptive market movements related to the correction of global imbalances .
Pokud jde o cenový vývoj , meziroční míra inflace v eurozóně měřená HICP podle očekávání v prosinci 2009 dále vzrostla na 0,9 %, v porovnání s 0,5 % v listopadu 2009 .
With regard to price developments , as expected , euro area annual HICP inflation increased further in December 2009 to stand at 0.9% , after 0.5% in November .
Její růst odráží především vliv srovnávací základny vyplývající především z poklesu celosvětových cen energií v předchozím roce . Očekává se , že inflace setrvá v blízkém období na úrovni kolem 1 %.
The rise mainly reflects upward base effects stemming mostly from the drop in global energy prices a year ago. Inflation is expected to remain around 1 % in the near term .
Z hlediska dalšího vývoje by míra inflace měla v horizontu , který je pro měnovou politiku relevantní , zůstat mírná a celkový vývoj cen , nákladů a mezd by měl zůstat utlumený v důsledku slabého oživení poptávky v eurozóně i v dalších částech světa .
Looking further ahead , inflation is expected to remain moderate over the policy-relevant horizon , with overall price , cost and wage developments staying subdued in line with a slow recovery in demand in the euro area and elsewhere .
V tomto ohledu je třeba opětovně zdůraznit , že inflační očekávání ve střednědobém až dlouhodobějším horizontu zůstávají pevně ukotvena na úrovni , která odpovídá cíli Rady guvernérů zachovat míru inflace ve střednědobém horizontu pod 2 %, ale blízko této úrovně .
In this context , it is important to emphasise , once again , that inflation expectations over the medium to longer term remain firmly anchored in line with the Governing Council 's aim of keeping inflation rates below , but close to , 2 % over the medium term .
Pokud jde o měnovou analýzu , meziroční tempa růstu agregátu M3 a objemu úvěrů soukromému sektoru byla v listopadu záporná , a to - 0,2 , % a - 0,7 %.
Turning to the monetary analysis , both the annual growth rates of M3 and loans to the private sector were negative in November , standing at - 0.2% and - 0.7% respectively .
Souběžný pokles na historicky nejnižší tempa růstu zaznamenaná v těchto dvou řadách v posledních měsících podporují hodnocení , že ve střednědobém výhledu tempo měnové expanze zpomaluje a inflační tlaky jsou nízké .
The concurrent declines to historically low growth rates recorded in these two series over the past months support the assessment of a decelerating underlying pace of monetary expansion and low inflationary pressures over the medium term .
Z hlediska budoucího vývoje je pravděpodobné , že růst peněžního agregátu M3 a objemu úvěrů bude po určitou dobu nadále velmi slabý či záporný .
Looking ahead , M3 and credit growth are likely to remain very weak or negative for some time to come .