natgillin/translations-raw huggingface dataset:
Den nederlandske stat antog, at FBN kunne tilbagebetale likviditetsfaciliteten med 4 til 5 mia. EUR om måneden, og agtede at afvikle likviditetsfaciliteten ved udgangen af 2009.
The Dutch State assumed that FBN could repay the liquidity facility at a rate of EUR 4 to 5 billion a month and intended to end the liquidity facility by the end of 2009.
I realiteten betalte FBN likviditetsfaciliteten tilbage hurtigere end ventet.
In reality, FBN repaid the liquidity facility faster than anticipated.
Den 18. juni 2009 sendte det nederlandske finansministerium en vurdering af FBN fra DNB til Kommissionen som anmodet i beslutningen af 8. april 2009.
On 18 June 2009, the Dutch Ministry of Finance forwarded to the Commission the evaluation of FBN by DNB as requested in the Decision of 8 April 2009.
DNB underrettede ligeledes Kommissionen om […] ABN AMRO N i et brev af 20. januar 2010.
DNB also informed the Commission on […] ABN AMRO N by letter of 20 January 2010.
Den dokumenterede derudover, at »første tab«-tranchen på 20 basispoint var betydeligt højere end det forventede tab. Den nederlandske stat anførte, at historiske tab (dvs. [0 - 15] basispoint) og de forventede tab i 2010 (dvs. [0 - 30] basispoint) på ABN AMRO N's realkreditportefølje var en god indikator for en række fremtidige forventede tab. Ligeledes bekræftede markedsoplysninger fra vurderingsrapporter [88], at »første tab«-tranchen oversteg det forventede tab. Den nederlandske stat henviste også til et dokument fra investeringsbanken […], som simulerede, hvordan den nederlandske stats pengestrømme kunne udvikle sig i forskellige stressscenarier.
It also provided evidence that the first loss tranche of 20 basis points was substantially higher than the expected loss. The Dutch State contended that historical losses (namely [0 - 15] basis points) and 2010 projected losses (namely [0 - 30] basis points) on the mortgage portfolio of ABN AMRO N provided a good forecast for a range of future expected losses. Also market information from rating reports [88] confirmed that the first tranche loss exceeded expected losses. The Dutch State also referred to a document of the investment bank […], which simulated how the Dutch State cashflows could evolve under different stress scenarios.
Den nederlandske stat gav nye oplysninger, der viste, at ABN AMRO N den 6. juli 2009 havde udstedt en dækket obligation på 2 mia. EUR, og at FBN havde udstedt 15,5 mia. EUR i statsgaranterede gældsinstrumenter.
The Dutch State provided new information showing that ABN AMRO N had issued a covered bond of EUR 2 billion on 6 July 2009 and that FBN had issued EUR 15,5 billion of State-guaranteed debt instruments.
Ifølge den nederlandske stat var klagerens påstande ukorrekte og forhastede.
According to the Dutch State, the complainant’s allegations were incorrect and premature.
For at beregne, om den rente, som blev tilbudt på opsparingsprodukter, rent faktisk var tabsgivende, hævdede den nederlandske stat, at den ikke skulle sammenlignes med EURIBOR's rente, men snarere med renten fra en portefølje med tilknytning til indeks eller toneangivende obligation (den såkaldte »replicating portfolio« [95]. Ved hjælp af denne metode anerkendte den nederlandske stat, at der for nogle produkter var en midlertidig negativ margen. Den anførte imidlertid, at det var rationel markedsadfærd og i overensstemmelse med (privatejede) konkurrenters markedsadfærd på netop dette tidspunkt.
To calculate whether interest rates offered on savings products were loss-making, the Dutch State argued that they should not be compared with EURIBOR rates but rather with rates resulting from the so-called ‘replicating portfolio methodology’ [95]. Using that methodology, the Dutch State acknowledged that for some products, there was a temporary negative margin. However, it argued that it was rational market behaviour and in line with market behaviour of (privately-owned) competitors at that precise point in time.
I […]-rapporten havde den nederlandske stat to vurderinger: En »through the cycle«-vurdering på [5-9] mia. EUR, som forudsatte en normalisering af markederne, og en »aktuelle markedsforhold«-vurdering på [4 - 6,5] mia. EUR, som var baseret på markedsforholdene i de første dage i oktober 2008 [109]. En markedsøkonomisk investor ville have brugt »aktuelle markedsforhold«-vurderingen som udgangspunkt.
In the […] report, the Dutch State had two valuations: a ‘through the cycle’ valuation of EUR [5 - 9] billion which assumed a normalisation of the markets and a ‘current market conditions’ valuation of EUR [4 - 6,5] billion which was based on the market conditions in the first days of October 2008 [109]. A market economy investor would have used the ‘current market conditions’ valuation as a starting point.
Kommissionen har konkluderet, at den nederlandske stat har givet tilstrækkelig dokumentation for, at vurderingen viste, at ABN AMRO N eller dens retssuccessor vil bære det forventede tab. Markedsdata (især vurderingsrapporter), historiske data og ny dokumentation fra ABN AMRO N viser, at den årlige »første tab«-tranche på 20 basispoint bør række til at dække ventede tab.
The Commission has concluded that the Dutch State has provided sufficient evidence to show that the valuation was such that ABN AMRO N or its legal successor will bear the expected losses. Market data (in particular rating reports), historical data and recent evidence from ABN AMRO N show that the yearly first loss tranche of 20 basis points should suffice to cover expected losses.
Som anført i punkt 26 i omstruktureringsmeddelelsen bør bankerne »imidlertid ikke anvende statsstøtte til at forrente egenkapitalen (stamkapital og efterstillet gæld), hvis dens aktiviteter ikke giver et tilstrækkeligt stort overskud.« En detaljeret vurdering af ABN AMRO Groups omstruktureringsplan af december 2009 (og den ajourførte omstruktureringsplan af november 2010) giver Kommissionen mulighed for at konkludere, at ABN AMRO Group om ca. to år har genoprettet sin rentabilitet som illustreret af en acceptabel egenkapitalforrentning på ca. […] % i henholdsvis 2012 og 2013.
As stated in point (26) of the Restructuring Communication, ‘banks should not use State aid to remunerate own funds (equity and subordinated debt) when its activities do not generate sufficient profits’. A detailed assessment of ABN AMRO Group’s December 2009 Restructuring Plan (and the updated November 2010 Restructuring Plan) allows the Commission to conclude that in approximately 2 years’ time, ABN AMRO Group should have restored its viability as is illustrated by an acceptable RoE of approximately […] % in respectively 2012 and 2013.
For at sikre overensstemmelse med stk. 1 og 2 overvåger ABN AMRO Group fast og mindst en gang om ugen de betingelser, som tilbydes af de […] andre finansielle institutioner, som har den største markedsandel med hensyn til volumen på de respektive nederlandske opsparingsmarkeder, i det omfang disse betingelser er tilgængelige for offentligheden.
fixed term deposits with a period of 2 years; fixed term deposits with a period of 3 years; fixed term deposits with a period of 4 years; and fixed term deposits with a period of 5 years.
Hvis tallene for en af disse […] andre finansielle institutioner ikke er offentligt tilgængelige, erstattes de af tal fra de næststørste finansielle institutioner fra den markedsmæssige rangering.
Notwithstanding the first subparagraph, where three financial institutions jointly rank first among the […] financial institutions having the largest market share in a segment of the Dutch retail savings and deposit market, ABN AMRO Group may match the rate of those three financial institutions with respect to standardised products in the corresponding segment. 2. In the absence of the Commission’s prior authorisation, ABN AMRO Group shall not rank first with respect to any standardised type of mortgage among the […] financial institutions having the largest market share on the Dutch retail mortgage market. Notwithstanding the first subparagraph, where three financial institutions jointly rank first among the […] financial institutions having the largest market share in the Dutch retail mortgage market, ABN AMRO Group may match the rate of those three financial institutions with respect to the corresponding standardised type of mortgage.
ABN AMRO Group sender Kommissionen en overensstemmelsesrapport vedrørende denne betingelse kvartalsvist og senest to uger efter offentliggørelsen af ABN AMRO Groups kvartalsregnskab.
It shall immediately adjust the products price and implement the price adjustment as soon as possible’. With respect to retail savings and deposit products, ABN AMRO Group shall implement the adjustment no later than ten working days from the date on which it noticed the condition variation. However, if the variation concerns products for which the price can only be amended at the end of a month and there are less than ten working days between the time when the variation was noticed and the end of a month, ABN AMRO Group shall implement the adjustment at the first opportunity from the end of the subsequent month. With respect to mortgages, ABN AMRO Group shall adjust its pricing within ten working days from the date on which it noticed the condition variation and the adjustment shall be implemented no later than fifteen working days from the date on which the variation from the condition was noticed. 4. The condition as laid down in paragraphs 1 and 2 shall apply for 3 years as from the date of this Decision. ABN AMRO Group shall submit to the Commission a compliance report with this condition on a quarterly basis and at the latest within 2 weeks of publication of ABN AMRO Group’s quarterly financial results.
Forpligtelserne i stk. 1 og stk. 2 er gældende i tre år fra datoen for denne afgørelse.
ABN AMRO Group shall report to the Commission on a quarterly basis, and at the latest within 2 weeks after the publication of its quarterly financial results, setting out whether the net interest revenues achieved at the consolidated level are in line with the projections referred to in paragraph 1. That report shall also set out a comparison of projected margins and actual margins at the consolidated level and at the level of private banking. If the net interest revenues achieved at the consolidated level are not in line with those projections, ABN AMRO Group shall set out in that report the measures taken to achieve those projections. 3. The obligations laid down in paragraphs 1 and 2 shall apply for 3 years as from the date of this Decision.
Forbuddet i stk. 1 gælder i mindst tre år efter datoen for denne afgørelse eller indtil den dato, hvor Nederlandenes aktieandel i ABN AMRO Group falder til under 50 %, afhængigt af hvad der sker sidst.
The prohibition laid down in paragraph 1 shall also not apply to […] equity stakes taken by ABN AMRO Group’s division ‘Energy, Commodities and Transportation’ in support of its normal financing business if they fit within ABN AMRO Group’s business plan and the planned budget of that division as submitted to the Commission on 10 January 2010. ABN AMRO Group shall report to the Commission on a quarterly basis and at the latest within 2 weeks after the publication of its quarterly financial results. That report shall list actual acquisitions by the ‘Private Equity’ and ‘Energy, Commodities and Transportation’ divisions.
Dette forbud ophører senest fem år efter datoen for denne afgørelse.
The report shall also provide detailed information on ABN AMRO Group’s other acquisitions which it is allowed to make on the basis of the first subparagraph. 3. The prohibition laid down in paragraph 1 shall apply for at least 3 years as from the date of this Decision or until the date on which the Netherlands’ shareholding stake in ABN AMRO Group falls below 50 %, whichever is later. That prohibition shall cease to apply at the latest 5 years as from the date of this Decision.
DNB besluttede […] — at FBN havde et underskud af tier 1-kapital på 1,26 mia. EUR pr. 31. december 2008.
The DNB decided […] – that FBN had a Tier 1 capital shortage of 1,26 billion EUR as of 31 December 2008.
Samtidig angav DNB også FBN's minimums-tier 1-procent til […] %.
Simultaneously, the DNB also set FBN’s minimum Tier 1 ratio at […] %.
Ved en »dividend pusher« skal udstederen betale sin kupon på hybrid kapital, hvis denne har betalt dividende på sine ordinære aktier i overensstemmelse med tilbagetrædelsesrækkefølgen i kapitalstrukturen. En »dividend stopper« forhindrer udstederen i at betale dividende i en periode, hvor udstederen undlader betalinger til indehavere af hybrid kapital.
A dividend pusher requires the issuer to pay its coupons on hybrids if it has paid dividends on its ordinary shares, in line with the rank of subordination of its capital structure. A dividend stopper prevents the issuer from paying dividends in any period in which the issuer omits payment to hybrid holders.
Se […] due diligence-rapport: Bind 2, Fortis Bank Netherlands s. 44 og bind 5 om »Subject Matter Memos«, s. 65 ff. Eftersom FBN havde bogført ABN AMRO N under »kapitalandele«, krævede forsigtighedsreglerne, at FBN skulle fradrage værdien af ABN AMRO N fra sin kapital, 50 % fra sin tier 2-kapital (hvis der var tilstrækkelig tilgængelig tier 2-kapital) og 50 % (eller mere i tilfælde af utilstrækkelig tier 2-kapital) fra sin tier 1-kapital.
See […] due diligence report: Volume 2 Fortis Bank Netherlands page 44 and volume 5 on Subject Matter Memos page 65 and following. Since FBN had booked ABN AMRO N under ‘equity accounted participations’ prudential filter rules required that FBN had to deduct the value of ABN AMRO N from its capital, 50 % from its Tier 2 capital (if sufficient Tier 2 capital was available) and 50 % (or more in case of insufficient Tier 2 capital) of its Tier 1 capital.
om ændring af afgørelse 2010/221/EU for så vidt angår nationale foranstaltninger til forebyggelse af indslæbning af visse vanddyrsygdomme til dele af Irland, Finland og Sverige
amending Decision 2010/221/EU as regards national measures for preventing the introduction of certain aquatic animal diseases into parts of Ireland, Finland and Sweden
Kommissionens afgørelse 2010/221/EU af 15. april 2010 om godkendelse af nationale foranstaltninger til begrænsning af virkningerne af visse sygdomme hos akvakulturdyr og vildtlevende vanddyr i overensstemmelse med artikel 43 i Rådets direktiv 2006/88/EF [2] giver visse medlemsstater mulighed for, med henblik på at forebygge indslæbning af visse sygdomme i deres område, at stille særlige krav til sendinger af disse dyr, såfremt de enten har påvist, at hele deres område eller visse afgrænsede områder er frie for sådanne sygdomme eller har etableret et udryddelses- eller overvågningsprogram i dette øjemed.
Commission Decision 2010/221/EU of 15 April 2010 approving national measures for limiting the impact of certain diseases in aquaculture animals and wild aquatic animals in accordance with Article 43 of Council Directive 2006/88/EC [2] allows certain Member States to apply restrictions on consignments of those animals in order to prevent the introduction of certain diseases into their territory, provided that they have either demonstrated that their territory, or certain demarcated areas of their territory, are free of such diseases or that they have established an eradication or surveillance programme to obtain such freedom.
De finske og svenske indlandsområder er opført i bilag II til afgørelse 2010/221/EU som områder med et godkendt udryddelsesprogram for bakteriel nyresygdom (BKD).
The continental parts of the territories of Finland and Sweden are listed in Annex II to Decision 2010/221/EU as territories with an approved eradication programme as regards bacterial kidney disease (BKD).
De svenske kystområder er opført i bilag II til afgørelse 2010/221/EU som områder, der har et godkendt udryddelsesprogram for infektiøs pankreasnekrose (IPN).
The coastal parts of the territory of Sweden are listed in Annex II to Decision 2010/221/EU as having an approved eradication programme as regards infectious pancreatic necrosis virus (IPN).
Ved afgørelse 2010/221/EU godkendes i overensstemmelse hermed visse nationale foranstaltninger i Finland og Sverige for så vidt angår sendinger af akvakulturdyr af modtagelige arter til de pågældende områder.
Accordingly, Decision 2010/221/EU approves certain national measures by Finland and Sweden on consignments of aquaculture animals of susceptible species into those areas.
Tilladelsen til at anvende foranstaltningerne er dog tidsmæssigt begrænset indtil den 31. december 2011, for at det kan reevalueres, om de pågældende nationale foranstaltninger er hensigtsmæssige.
However, to allow for a re-evaluation of the appropriateness of those national measures, the authorisation to apply those measures is limited in time until 31 December 2011.
Finland har forelagt Kommissionen rapporter om gennemførelsen af sit nationale BKD-udryddelsesprogram, hvori det anføres, at udryddelsen heraf endnu ikke er tilendebragt.
Finland has submitted reports to the Commission on the functioning of its national eradication programme for BKD, in which it is stated that the eradication of BKD has not yet been successful.
Mens der er sket fremskridt i flere områder, er andre områder stadig inficeret med BKD.
While progress has been made in several areas, some areas still remain infected with BKD.
Finland har derfor anmodet om, at den geografiske afgrænsning af programmet indskrænkes til to sammenhængende zoner, der omfatter 19 afvandingsområder.
Finland has therefore requested that the geographical demarcation of the programme be limited to two continuous zones covering 19 water catchment areas.
I de pågældende to zoner er kun fire bedrifter pålagt BKD-relaterede restriktioner, og de er alle i gang med at destruere inficerede fisk og med at rengøre og desinficere anlæggene.
In those two zones, only four farms are under BKD-related restrictions and they are all undergoing the process of destroying infected fish, and the cleaning and disinfection of the facilities.
Sverige har forelagt Kommissionen en rapport om gennemførelsen af sine nationale udryddelsesprogrammer for BKD og IPN.
Sweden has submitted a report to the Commission on the functioning of its national eradication programmes for BKD and IPN.
Antallet af anmeldte sygdomstilfælde er faldet betragteligt, og begge sygdomme er tæt på at være udryddet i de områder, der er omfattet af programmet.
The number of reported cases has been reduced significantly and both diseases are close to being eradicated from the programme areas.
De svenske indlandsområder er allerede frie for IPN, og det nationale udryddelsesprogram i kystfarvandene fungerer derfor også som en stødpude til beskyttelse af de områder, der allerede er erklæret frie for sygdommen.
The continental parts of Sweden are already free of IPN and the national eradication programme in the coastal waters therefore also functions as a buffer to protect the already declared free areas.
På grundlag af de oplysninger, Finland og Sverige har forelagt, bør de nationale foranstaltninger videreføres.
On the basis of the information provided by Finland and Sweden, it is appropriate to continue those national measures.
Under hensyntagen til at udryddelsen endnu ikke er tilendebragt trods mange års gennemførelse af nationale udryddelsesprogrammer, skal det på et senere tidspunkt reevalueres, om de nationale foranstaltninger er hensigtsmæssige og nødvendige.
However, taking into account that eradication has not yet been achieved despite years of applying national eradication programmes, the appropriateness and necessity of the national measures needs to be re-evaluated in due time.
Tilladelsen til at anvende de nationale foranstaltninger bør derfor begrænses til endnu to år indtil den 31. december 2013.
Therefore, the authorisation to apply those national measures should be limited to two more years until 31 December 2013.
I bilag III til afgørelse 2010/221/EU er der for øjeblikket opført ni segmenter på Irlands område med et godkendt overvågningsprogram for ostreid herpesvirus 1 μνar (OsHV-1 μνar).
Annex III to Decision 2010/221/EU currently lists nine compartments in the territory of Ireland with an approved surveillance programme as regards ostreid herpesvirus 1 μνar (OsHV-1 μνar).
Irland har meddelt Kommissionen, at der er påvist OsHV-1 μνar i to af segmenterne, nemlig Gweedore Bay i segment 1 og Ballinakill Bay i segment 4.
Ireland has notified to the Commission the detection of OsHV-1 μνar in two of those compartments, namely in Gweendore Bay within compartment 1 and Ballinakill Bay within compartment 4.
Den geografiske afgrænsning af disse to segmenter i bilag III til afgørelse 2010/221/EU bør derfor ændres.
Consequently, the geographical demarcation of those two compartments in Annex III to Decision 2010/221/EU should be amended.
I artikel 3, stk. 2, erstattes datoen »31. december 2011« med datoen »31. december 2013«.
in Article 3(2), the date ‘31 December 2011’ is replaced by ‘31 December 2013’;
Følgende afvandingsområder:
The following water catchment areas:
De svenske indlandsområder.
The continental parts of the territory
De svenske kystområder.
The coastal parts of the territory
Segment 1: Sheephaven Bay.
Compartment 1: Sheephaven Bay
Segment 2: Gweebara Bay.
Compartment 2: Gweebara Bay
Segment 3: Drumcliff Bay, Killala Bay, Broadhaven Bay og Blacksod Bay.
Compartment 3: Drumcliff, Killala, Broadhaven and Blacksod Bays
Segment 4: Streamstown Bay.
Compartment 4: Streamstown Bay
Segment 5: Bertraghboy Bay og Galway Bay.
Compartment 5: Bertraghboy and Galway Bays
Segment 6: Shannon Estuary, Poulnasharry Bay, Askeaton Bay og Ballylongford Bay.
Compartment 6: Shannon Estuary and Poulnasharry, Askeaton and Ballylongford Bays
Segment 7: Kenmare Bay.
Compartment 7: Kenmare Bay
Segment 8: Dunmanus Bay.
Compartment 8: Dunmanus Bay
Segment 9: Kinsale Bay og Oysterhaven Bay.
Compartment 9: Kinsale and Oysterhaven Bays
Storbritannien med undtagelse af Whitestable Bay og Kent.
The territory of Great Britain except Whitstable Bay, Kent
Nordirland med undtagelse af Killough Bay, Lough Foyle og Carlington Lough.
The territory of Northern Ireland, except Killough Bay, Lough Foyle and Carlingford Lough
Guernsey.
The territory of Guernsey
Efter anmodning fra Irland tildelte Rådet finansiel støtte til landet (gennemførelsesafgørelse 2011/77/EU [2]) til støtte for et stærkt økonomisk og finansielt reformprogram, som skulle genoprette tilliden, muliggøre en tilbagevenden til holdbar økonomisk vækst og sikre den finansielle stabilitet i Irland, euroområdet og Unionen.
Upon a request by Ireland, the Council granted financial assistance to it (Implementing Decision 2011/77/EU [2]) in support of a strong economic and financial reform programme aiming at restoring confidence, enabling the return of the economy to sustainable growth, and safeguarding financial stability in Ireland, the euro area and the Union.
I overensstemmelse med artikel 3, stk. 9, i gennemførelsesafgørelse 2011/77/EU har Kommissionen sammen med Den Internationale Valutafond og i samråd med Den Europæiske Centralbank (ECB) foretaget en fjerde gennemgang af de irske myndigheders fremskridt med at gennemføre de aftalte foranstaltninger og af disse foranstaltningers effektivitet og økonomiske og sociale virkninger.
In line with Article 3(9) of Implementing Decision 2011/77/EU, the Commission, together with the International Monetary Fund and in liaison with the European Central Bank (ECB), conducted the fourth review of the Irish authorities’ progress in implementing the agreed measures as well as of the effectiveness and economic and social impact of those measures.
Bank of Irelands udestående behov for kapitaltilførsel er faldet fra 500 mio. EUR til 350 mio. EUR takket være nye »liability management exercises« og gevinster fra afviklingen af hedgingkontrakter knyttet til de efterstillede gældsinstrumenter.
Bank of Ireland’s remaining outstanding capital requirement has decreased from EUR 500 million to EUR 350 million due to further liability management exercises and gains from closing out of hedging contracts attached to the subordinated debt instruments.