natgillin/translations-raw huggingface dataset:
Alt andet ville betyde, at al bankvirksomhed, der er underlagt ECB's eller Banca d'Italias tilsyn, var drevet af offentlig politik.
As regards the first point, according to the Banca d'Italia, the sole public mandate of deposit guarantee schemes is to reimburse depositors: the last sentence of Article 96-bis(1) of the Banking Act, which allows the FITD to intervene in ways other than directly reimbursing covered depositors in the event of liquidation, cannot be construed either as evidence of the imputability to the State of measures taken by the FITD, other than reimbursements of depositors, or as conferring a public mandate on the FITD.
Endvidere skal Banca d'Italia i henhold til artikel 19 i Rådets forordning (EU) nr. 1024/2013 [30] handle uafhængigt af staten.
That provision merely allows for recourse to other forms of intervention.
Hvad angår det andet punkt, udøver Banca d'Italia kun tilsynsbeføjelser med hensyn til beskyttelse af indskyderne, banksystemets stabilitet samt fornuftig og forsigtig forvaltning af bankerne (banklovens § 5).
The reference in Directive 2014/49/EU to the failure of credit institutions merely indicates that the role of the measures is generally to contain the costs of intervention on the part of deposit guarantee schemes, by avoiding the need to reimburse depositors, and hence preventing bank failures.
Banklovens § 96b, stk. 1, litra b), hvori det hedder, at Banca d'Italia »koordinerer indskudsgarantiordningers aktiviteter ved at opstille regler om bankkriser og udføre tilsynsopgaver«, giver udelukkende Banca d'Italia en generel beføjelse, som skal garantere, at indskudsgarantiordningernes aktiviteter er forenelige med udøvelsen af dens egen tilsynsbeføjelse.
The fact that Directive 2014/49/EU does not impose a condition requiring that deposit guarantee scheme support measures be notified to the Commission means that the exercise of discretion with respect to such measures does not by itself show that the deposit guarantee scheme has thereby had a public mandate conferred on it.
Denne beføjelse udøves kun ved, at Banca d'Italia godkender de foranstaltninger, der er truffet.
The Banca d'Italia also submits that Article 29 of the FITD's constitution, under which the FITD may intervene in support of a bank placed under special administration only ‘if there are reasonable prospects for recovery and if the costs may be presumed to be less than would be incurred in the event of liquidation’, indicates something quite different from the Commission's assertion in the opening decision that Italy chose to allow its deposit guarantee scheme to intervene ‘to prevent the failure of a credit institution’.
Eftersom Banca d'Italia skal handle uafhængigt af staten, kan dens udøvelse af sine beføjelser over for FITD, når FITD tager skridt til at støtte en bank, ikke betragtes som statskontrol over anvendelsen af midler eller som værende knyttet til et offentligt mandat.
Finally, the fact that the Banca d'Italia must approve support measures taken by the FITD does not show that the FITD is pursuing an objective in the public interest.
Denne sag kan derfor klart sidestilles med Doux Élevage-sagen [31].
To consider otherwise would mean that all banking activities subject to the supervision of the ECB or the Banca d'Italia were activities driven by public policy.
Endvidere gør Banca d'Italia gældende, at den ikke bidrog til udformningen eller gennemførelsen af FITD's støtteforanstaltninger, og at enhver kontakt mellem den og FITD før den formelle indsendelse af FITD's ansøgning om Banca d'Italias tilladelse ikke kan kategoriseres som, at den bidrager til disse foranstaltninger.
In addition, the Banca d'Italia is required to act independently from the State by Article 19 of Council Regulation (EU) No 1024/2013 [30].
Banca d'Italia vejledte blot FITD i starten og kun på grundlag af de lovgivningsmæssige parametre, som var gældende for den efterfølgende godkendelsesprocedure.
As regards the second point, the Banca d'Italia exercises supervisory powers only with respect to the objectives of protecting depositors, the stability of the banking system, and sound and prudent management of the banks (Article 5 of the Banking Act).
Den kendsgerning, at Banca d'Italia udpegede og førte tilsyn med den særlige administrator, betyder ikke noget for den foreliggende sag, idet den særlige administrators opgaver og mål ikke afviger meget fra en »normal« leder i en privat kriseramt virksomhed, hvilket betød, at den særlige administrator ikke handlede på vegne af Banca d'Italia.
Article 96-ter(1)(b) of the Banking Act, which states that the Banca d'Italia ‘coordinates the activity of the guarantee schemes by making rules for banking crises and by conducting supervisory activities’, merely confers on the Banca d'Italia a general power intended to guarantee that the activities of deposit guarantee schemes are compatible with the exercise of its own supervisory power; that power is exercised only by means of authorisation of the measures taken.
Banca d'Italias repræsentant, som deltog i møderne i FITD's bestyrelse og forretningsudvalg, var kun observatør og havde ikke stemmeret.
As the Banca d'Italia is required to act independently from the State, the exercise of its powers over the FITD when the FITD takes steps to support a bank cannot be regarded as State control over the use of resources or as being tied to any public mandate.
Det er irrelevant, at en tvist mellem FITD og BPB om størrelsen på Tercas' negative egenkapital, blev afgjort af en voldgiftsdommer, der var udpeget af Banca d'Italia, fordi det var parterne, som helt uafhængigt og ved gensidig aftale bad Banca d'Italia om at foreslå en person, som de derefter udpegede som voldgiftsdommer.
The case at issue is therefore clearly analogous to Doux Élevage [31].
BPB ville ikke have indvilliget i at bede Banca d'Italia om at foreslå en voldgiftsdommer, hvis Banca d'Italia spillede en ledelsesmæssig og strategisk rolle i FITD.
Moreover, the Banca d'Italia submits that it did not contribute to the design or to the implementation of the FITD's support measures, and that any contact between itself and the FITD prior to formal submission of the FITD's application for Banca d'Italia authorisation cannot be classified as a contribution to those measures.
Hvad angår det tredje punkt, adskiller denne sag sig fra de sager, der er nævnt i betragtning 44 i åbningsafgørelsen, hvor Kommissionen fandt, at en indskudsgarantiordnings indblanding i omstruktureringen og likvidationen af banker udgjorde statsstøtte.
The Banca d'Italia merely provided initial guidance, entirely on the basis of the legislative parameters that would govern the subsequent authorisation procedure.
I sagen om den danske afviklingsordning [32] gjaldt følgende: 1) Der var vedtaget detaljerede regler for betingelserne for støtteforanstaltninger, 2) det udvalg, der var ansvarligt for at vurdere omkostningerne ved de forskellige muligheder, blev udpeget af økonomi- og finansministeren, 3) dette udvalg skulle også vurdere, hvorvidt køberen ville være i stand til at drive den nødlidende bank, og om løsningen var kommercielt bæredygtig, 4) indskudsgarantiordningens beslutning var baseret på udvalgets vurdering og anbefaling, 5) bestyrelsen for indskudsgarantiordningen blev udpeget af økonomi- og finansministeren, og 6) aftalen mellem den købende bank og indskudsgarantiordningen skulle godkendes af ministeren.
The fact that the Banca d'Italia appointed and supervised the special administrator had no bearing on the case at issue, as the tasks and aims of a special administrator's activities do not differ greatly from those of a ‘normal’ director of a private undertaking in a state of crisis, so that the special administrator did not act on behalf of the Banca d'Italia.
I sagen om den polske andelslånekasses likvidationsordning [33] udgjorde de incitamenter, som indskudsgarantiordningen indførte, en integreret del af en likvidationsordning for andelslånekasser, som var udformet af de polske myndigheder og anmeldt til Kommissionen som statsstøtte.
The Banca d'Italia representative attending the meetings of the FITD Board and Executive Committee sat only as an observer and had no voting rights.
Regeringens kontrol over indskudsgarantiordningen blev udøvet gennem stemmeret i bestyrelsen for fonden og finansministerens beføjelse til i visse tilfælde at gribe ind og træffe direkte beslutninger, der kunne påvirke driften af fonden.
The fact that a dispute between the FITD and BPB regarding the scale of Tercas's negative equity was settled by an arbitrator nominated by the Banca d'Italia is irrelevant, because it was the parties, on a fully independent basis and by mutual agreement, that asked the Banca d'Italia to suggest an individual, whom they then proceeded to appoint as arbitrator.
Endvidere havde formanden for fondens bestyrelse, som blev udpeget af finansministeren, den afgørende stemme i tilfælde af stemmelighed.
BPB would not have agreed to ask the Banca d'Italia to nominate an arbitrator if the Banca d'Italia played a management and strategic role in the FITD.
Med hensyn til afgørelsen om omstruktureringen af CAM og Banco CAM i Spanien [34] anvendte de spanske myndigheder finansiel bistand fra fonden for velordnet omstrukturering af banker [35], som har til formål at støtte likvidationer og kontrolleres af staten samt af den spanske indskudsgarantifond.
As regards the third point, the case at issue differs from those cited in recital 44 to the opening decision, in which the Commission found that intervention by a deposit guarantee scheme in the restructuring and liquidation of banks constituted State aid.
Fondens beslutning om at gribe ind var ikke en selvstændig beslutning truffet af fonden, men var led i en mere omfattende omstrukturerings- og redningsaktion, der var blevet vedtaget og gennemført af de spanske myndigheder.
In the case of the Danish winding-up scheme [32], (1) the national legislation regulated the conditions for support measures in detail; (2) the committee responsible for assessing the costs of the various options was appointed by the Minister for Economic Affairs and Finance; (3) the same committee was required to assess whether the purchaser would be able to operate the bank in difficulty and whether the solution was commercially sustainable; (4) the decision made by the deposit guarantee scheme was based on the assessment and recommendation made by that committee; (5) the board of directors of the deposit guarantee scheme was appointed by the Minister for Economic Affairs and Finance; and (6) the agreement between the purchaser bank and the deposit guarantee scheme was to be approved by the Minister.
Bemærkninger fra andre interesserede parter
In the case of the Polish credit unions liquidation scheme [33], the incentives provided by the deposit guarantee scheme constituted an integral part of a liquidation scheme for credit unions, which was designed by the Polish authorities and notified to the Commission as State aid.
For det første kom de andre interesserede parter, nemlig FITD, BPB og Tercas, med en generel bemærkning om, at midlernes karakter af statsstøtte og tilregnelse til staten er to forskellige betingelser, der begge skal opfyldes.
The deposit guarantee scheme was controlled by the government through voting rights on the board of the fund, and in a number of cases the Minister for Finance was entitled to intervene and take direct decisions affecting the functioning of the fund.
Derfor kan private midler ikke betragtes som offentlige på grundlag af en vurdering om, at anvendelsen af disse midler kan tilregnes staten.
In addition, the chairman of the board of the fund, who was appointed by the Minister for Finance, had a casting vote in the event of a tie.
Disse tre interesserede parter anfører, at Kommissionen tager fejl, når den siger, at det er meget sandsynligt, at indskudsgarantiordninger yder statsstøtte, fordi de handler under et offentligt mandat og under de offentlige myndigheders kontrol.
As for the decision on the restructuring of CAM and Banco CAM in Spain [34], the Spanish authorities made use of the financial assistance of the Fund for Orderly Bank Restructuring [35], a fund dedicated to aid for liquidation and controlled by the State and by the Spanish deposit guarantee fund.
De påpeger, at der i bankmeddelelsen fra 2013 ikke nævnes noget om, at indskudsgarantiordninger udgør statsstøtte, at direktiv 94/19/EF ikke siger noget om, at foranstaltninger, der træffes som alternativ til godtgørelse af indskydere, skal være forenelige med statsstøttereglerne, samt at direktiv 2014/49/EU forholder sig neutralt med hensyn til sådanne foranstaltningers forenelighed med statsstøttereglerne.
The Fund's decision to intervene was not an independent decision by the Fund, but was part of a wider restructuring and rescue operation decided upon and implemented by the Spanish authorities.
De interesserede parter mener, at Kommissionen nåede frem til den foreløbige konklusion, at de foranstaltninger, FITD havde truffet, kunne tilregnes til staten, alene på det grundlag, at de var påkrævet ved lov, mens Domstolen i PreussenElektra-dommen [36] og Doux Élevage-dommen [37] udtrykkeligt fastslog, at den omstændighed, at en foranstaltning er fastsat ved lov, ikke giver den karakter af statsstøtte.
Observations from other interested parties
I sagen om Østrigs lov om grøn elektricitet [38] tog Retten højde for mange andre oplysninger, der pegede i retning af, at staten havde indflydelse over og kontrol med ÖMAG, som er et privatretligt aktieselskab, der administrerer den omhandlede foranstaltning.
First, the other interested parties, namely the FITD, BPB and Tercas, make the general remark that the public character of the resources and imputability to the State are two distinct conditions, both of which must be fulfilled.
Disse interesserede parter mener, at hvis den italienske lovgivning og FITD's beslutningsmekanismer for støtteforanstaltninger til at hindre uoprettelige bankkriser fortolkes korrekt, ses det, at Kommissionens grundlag for sin foreløbige konklusion om, at FITD's foranstaltninger er baseret på et offentligt mandat, er utilstrækkeligt.
Hence, resources of private origin cannot be considered public as a result of an assessment that the use of those resources is imputable to the State.
De baserer dette argument på, at garantiordninger ifølge banklovens § 96a »kan gribe ind på andre måder [39]«.
These three interested parties submit that the Commission erred in stating that deposit guarantee schemes are extremely likely to provide State aid, since they act under a public mandate and remain under the control of the public authorities.
Foranstaltningerne er ikke obligatoriske, og dette betyder, at der ikke er nogen forbindelse mellem FITD's foranstaltninger og missionen ifølge dens vedtægter.
They point out that in the 2013 Banking Communication there is no mention of deposit guarantee schemes constituting State aid, that Directive 94/19/EC says nothing on the compatibility with the State aid rules of measures taken as an alternative to reimbursement of depositors, and that Directive 2014/49/EU takes a neutral position with regard to the compatibility of such measures with the State aid rules.
De tre interesserede parter påpeger, at andre former for foranstaltninger end godtgørelse til indskyderne har eksisteret siden FITD's oprettelse i 1987, før banklovens § 96a trådte i kraft.
These interested parties consider that the Commission came to the preliminary conclusion that the action taken by the FITD was imputable to the State on the mere ground that such action was required by law, while in PreussenElektra [36] and Doux Élevage [37] the Court of Justice expressly ruled that the fact that a measure was imposed by national law was not capable of conferring upon it the character of State aid.
FITD gør gældende, at den er en privatretlig virksomhed, som kontrolleres og forvaltes af sine medlemsbanker, og at den fungerer som formidler af foranstaltninger, der direkte kan henføres til medlemsbankerne, og bruger midler, der fortsat tilhører medlemsbankerne.
In the case of the Austrian Green Electricity Act [38], the General Court took into account many additional elements which indicated the pervasive influence and control of the State over ÖMAG, the public limited company in charge of controlling the measure at issue.
Endvidere blev beslutningen om at støtte Tercas truffet af FITD's styrende organer, der udelukkende består af repræsentanter for medlemsbankerne.
These interested parties consider that a correct reading of the Italian legislation and of the FITD's decision-making mechanisms for support measures aimed at averting irreversible bank crises shows the insubstantial nature of the evidence cited by the Commission in support of its preliminary conclusion that the action taken by the FITD responds to a public mandate.
Dokumentationen viser, at FITD's styrende organer nøje vurderede de mulige alternativer og reglen om »den billigste pris« for at varetage medlemsbankernes interesser bedst muligt ved at begrænse omkostningerne og risikoen ved indgrebet mest muligt.
They base their argument on the fact that Article 96-bis of the Banking Act provides only that guarantee schemes ‘may engage in other types and forms of intervention.’ [39].
FITD gør gældende, at dens styrende organ selv besluttede, hvorvidt, hvornår og hvordan der skulle træffes støtteforanstaltninger, og at det eneste krav var, at foranstaltningerne skulle koste mindre end godtgørelse af indskyderne.
The measures are not mandatory, which severs the link between the FITD's action and the mission set out in its constitution.
Når FITD træffer støtteforanstaltninger, handler den ikke i overensstemmelse med noget offentligt mandat.
The three interested parties point out that forms of action other than the reimbursement of depositors have been available since the establishment of the FITD in 1987, prior to the entry into force of Article 96-bis of the Banking Act.
FITD's vedtægter er fuldt ud forenelige med lovgivningen for sektoren, også med hensyn til, at de ikke indeholder nogen bestemmelser om nogen form for alternative foranstaltninger eller udtrykkeligt forbyder sådanne foranstaltninger.
The FITD argues that it is a private-law entity controlled and managed by its member banks, and that it acts as a vehicle for measures that are directly attributable to the member banks using resources that continue to belong to the member banks.
Ingen offentlige organer kan forpligte FITD til at gribe ind, og Banca d'Italias efterfølgende godkendelse skal kun verificere, at de foranstaltninger, der træffes over for den modtagende bank, er passende i et tilsynsmæssigt perspektiv, samt at de er forenelige med behovet for at beskytte indskyderne samt med banksystemets stabilitet.
Moreover, the decision to support Tercas was taken by the FITD's governing bodies, which are made up entirely of representatives of the member banks.
Endvidere påpeger de tre interesserede parter, at det ifølge FITD's vedtægter ikke er obligatorisk at blive medlem, og at banker kan vælge at oprette en alternativ indskudsgarantiordning, som de kan tilslutte sig.
The documentary evidence shows that the FITD's governing bodies carefully assessed the possible alternatives and the application of the least-cost requirement in order better to protect the interests of member banks by reducing the costs and risks of the intervention.
De påpeger, at der findes en indskudsgarantiordning, Fondo di Garanzia dei Depositanti del Credito Cooperativo, specifikt for andelskasser [40], som ikke er medlem af FITD.
The FITD contends that its governing body decided in its own discretion whether, when and how to take support measures, the only requirement being that the action must be less costly than reimbursing depositors.
Disse interesserede parter anfører, at staten heller ikke blander sig i udnævnelsen af medlemmerne til FITD's styrende organer eller i dens beslutningstagning (det, at Banca d'Italia deltager som observatør uden stemmeret, betyder ikke, at FITD ikke træffer uafhængige beslutninger).
When it takes support measures the FITD does not act under any public mandate.
De gør gældende, at Kommissionen i sin afgørelse om Roskilde Bank [41] fandt, at et organ, der havde stillet en garanti, traf sine beslutninger selvstændigt, før den konkluderede, at der ikke var nogen statsmidler involveret i ydelsen af en garanti til en kriseramt bank fra en forening bestående af indenlandske banker, udelukkende finansieret af dem, med det formål at støtte finansielle institutioner.
The FITD's constitution is fully in line with the legislation governing the sector, even in so far as it does not provide for any form of alternative action or expressly prohibits any such action.
De tre interesserede parter henviser til EARL Salvat père et fils-sagen [42] og anfører, at der kun kan være tale om statsstøtte, hvis staten deltager i organisationens besluttende organer og kan gennemtvinge sine egne beslutninger.
No public body can oblige the FITD to intervene, and the Banca d'Italia's subsequent authorisation is intended only to ensure verification that the action taken for the beneficiary bank is appropriate from the viewpoint of prudential supervision and that it is compatible with the need to protect depositors and with the stability of the banking system.
De tre interesserede parter gør gældende, at FITD er et organ, der varetager sine medlemsbankers interesser, og at de beføjelser, Banca d'Italia har i forhold til FITD's foranstaltninger, er begrænset til Banca d'Italias generelle tilsynsmæssige beføjelser, herunder især at overvåge, at virksomheder under dens tilsyn forvaltes fornuftigt og forsigtigt, og at beskytte indskydernes interesser.
In addition, the three interested parties point out that according to its constitution membership of the FITD is not mandatory, and that banks can choose to establish an alternative deposit guarantee scheme to which to belong.
Banca d'Italia har en generel opgave med at koordinere aktiviteterne i indskudsgarantiordninger gennem reglerne om kriseramte banker og sine egne tilsynsopgaver, og dette beviser ikke, at FITD's midler er under statens konstante kontrol.
They point to the existence of a deposit guarantee scheme, the Fondo di Garanzia dei Depositanti del Credito Cooperativo, specifically for mutual banks [40], which are not members of the FITD.
Den omstændighed, at Banca d'Italia udpeger en særlig administrator for en kriseramt bank, betyder ikke, at der er nogen offentlig forbindelse, fordi retsgrundlaget for denne beføjelse (banklovens § 70 ff) i det væsentlig er teknisk, og at dens formål og grundlag er affødt af de særlige forhold i sektoren.
These interested parties submit that there is no interference by the State either with the appointment of the members of the FITD's governing bodies or with its decision-making (the fact that the Banca d'Italia participates as an observer, without voting rights, does not affect the independent decision-making of the FITD).
Endvidere er indikationer på, at en foranstaltning forfølger mål af almen interesse, ikke nok til at konkludere, at den udgør statsstøtte [43].
They argue that, in its decision on the rescue of the Danish bank Roskilde [41], the Commission found that a body that had provided a guarantee took its decisions independently, before concluding that no State resources were involved where a guarantee was granted to a bank in crisis by an association made up of domestic banks, and funded solely by them, for the purpose of supporting financial institutions.
Banca d'Italias beføjelse til at give tilladelse til individuelle foranstaltninger i henhold til banklovens § 96b, stk. 1, litra d), og § 3, stk. 2, i FITD's vedtægter betyder ikke, at FITD ikke selvstændigt vurderer, om den skal træffe alternative foranstaltninger og i givet fald tidspunkt, beløb og form.
Referring to EARL Salvat père et fils [42], the three interested parties take the view that there can be State aid only if the State is present in the decision-making bodies of the organisation and is in a position to impose its own decisions.