natgillin/translations-raw huggingface dataset:
For det andet deltog formanden i adskillige m ~ d e i ECOFIN-Rådet , som omr handlede enten multilateral overvågning af medlemslandenes rakonomiske politik , eller andre områder af relevans for Komiteens arbejde .
Secondly , the Chairman attended several ECOFIN Council meetings devoted either to the multilateral surveillance of member countries » economic policies or to other issues related to the Committee 's activities .
Herudover deltog centralbankchefeme i ECOFIN-Rådets uformelle mioder , hvilket skabte mulighed for en udveksling af synspunkter om balancen mellem penge -, finans - og andre former for rakonomisk politik , såvel som sprargsmål vedrrarende EMS og monetære forbindelser til tredjelande .
In addition , the Governors participated in the informal meetings of this Council , which provided an opportunity to express views on the mix between monetary , fiscal and other economic policies as well as on questions relating to the EMS and monetary relationships with third currencies .
Desuden blev Rådet informeret , om de fremskridt Centralbankchefkomiteen havde gjort i forberedelserne til de senere faser af 0MU .
Furthermore , the Council was informed of progress made by the Committee of Governors in the preparations for the later stages of EMU .
I december 1992 blev Komiteen konsulteret , da Rådet genovervejede visse bestemmelser i Rådets direktiv om liberalisering af kapitalbevzegelser .
In December 1992 , the Committee was consulted when the Council reexamined certain provisions in its Directive on the liberalisation of capital movements .
4 For det tredje er det nære samarbejde med EF-Kommissionen blevet fortsat .
4 Thirdly , close co-operation with the Commission of the European Communities has continued .
Repræsentanter for Kommissionen deltog i Centralbankchefkomiteens og Stedfortræderkomiteens mrader samt i mrader i underkomiteer og arbejdsgrupper .
Commission representatives attended the meetings of the Committee of Governors and of the Committee of Alternates , as well as meetings of the Sub-Committees and Working Groups .
Centralbankchefkomiteen deltager gennem udsendte repræsentanter fra de nationale centralbanker i Kommissionens rådgivende komité vedr ~ rende spsrgsmål om betalingssystemer .
The Committee of Governors is represented by delegates from national central banks in the Commission 's Consultative Group on issues relating to payment systems .
For det fjerde har Centralbankchefkomiteen bidraget til Udvalget for Penge -, Kreditmarkeds - og Betalingsbalancestatistik nedsat ved en rådsbeslutning i februar 1991 .
Fourthly , the Committee of Governors has contributed to the work of the Committee on Monetary , Financial and Balance-of-Payments Statistics which was created by a Council Decision in February 1991 .
En medarbejder fra Sekretariatet har status som permanent observatrar i dette udvalg .
A member of the Secretariat has permanent observer status on this Committee .
Centralbankchefkomiteen blev i april 1992 konsulteret vedrrarende Kommissionens forslag til program for statistik for de nzeste fem år .
In April 1992 , the Committee of Governors was consulted on the Proposal from the Commission on the Community Statistical Programme for the next five years .
Endelig har Centralbankchefkomiteen nraje fulgt Den Monetzre Komité 's arbejde .
Finally , the Committee of Governors has continued to follow closely the work of the Monetary Committee .
Forbindelsen til denne komité sikres af reprzesentanter for centralbankerne , som i de fleste tilfzelde er centralbankchefemes stedfortrædere .
Links with this Committee are ensured by the central bank representatives , who are , in most cases , the Alternates of the Governors .
Forhold til centralbanker uden for Fællesskabet Indenfor Centralbankchefkomiteens rammer sker der en regelmzssig udveksling af information om udviklingen på valutamarkederne mellem Fzllesskabets centralbanker og centralbankerne i USA , Japan , Canada , Norge , Sverige , Finland , 0strig og Schweiz .
Relationships with central banks outside the Community Under the aegis of the Committee of Governors , information on developments in exchange markets is regularly exchanged between Community central banks and the central banks of the United States , Japan , Canada , Norway , Sweden , Finland , Austria and Switzerland .
Denne såkaldte « koncertationsprocedure » indebærer også , at relevante data udveksles og indsamles , inklusive data om intervention og om andre officielle valutatransaktioner .
This so-called « concertation procedure » also provides for the pooling of relevant data , including intervention and other official foreign exchange transactions .
Ifralge en aftale fra 1984 foretages der regelmæssige konsultationer med Norges Bank vedrrarende spwgsmål af fzelles interesse .
In accordance with an undertaking dating back to 1984 , regular consultations on matters of common interest have been held with the central bank of Norway .
De bilaterale swap-aftaler , som blev indgået i december 1990 mellem Fzllesskabets centralbanker og Norges Bank , blev fornyet for endnu et år , da disse udlsb den 31 . december 1992 .
The bilateral swap agreements which were concluded in December 1990 between the Community central banks and Norges Bank were renewed at their maturity on 3 1st December 1992 for a further one year period .
I juli 1992 blev et lignende arrangement 1.6
In July 1992 , arrangements for similar consultations were agreed with
Den såkaldte « monetære sikkerhedsklausul » , som findes i artikel 3 i Rådsdirektiv ( 881361lE0F ) af 24 . juni 1988 , skulle genovervejes f0r 3 1 .
The so-called « monetary safeguard clause » provided for by Article 3 of Council Directive ( 881361lEEC ) of 24th June 1988 which was subject to review before 3 1st December 1992 .
aftalt med Suomen Pankki , den finske centralbank ;
Suomen Pankki , the central bank of Finland ;
samtidig indgik Fællesskabets centralbanker og den finske centralbank bilaterale aftaler om swap-arrangementer .
at the same time , the Community central banks and the Finnish central bank also concluded bilateral swap agreements .
Ligesom det gælder for Norge , giver disse swap-aftaler Suomen Pankki adgang til kortfristede kreditter med henblik på at gennemfsre dens valutakurspolitik , og de indeholder samme regler og betingelser .
As in the case of Norway , these swap facilities give Suomen Pankki access to short-term funds for the implementation of its exchange rate policy and are governed by uniform terms and conditions .
Alle disse aftaler blev opretholdt , selvom Finland ( i september 1992 ) og Norge ( i december 1992 ) ophsrte med at knytte deres valutaer til ECU .
All agreements were maintained notwithstanding the fact that Finland ( in September 1992 ) and Norway ( in December 1992 ) suspended the peg of their respective currencies to the ECU .
Komiteen har på baggrund af aftalerne om et Europæisk 0konomisk Samarbejdsområde ( E0S ) også opstillet rammer for det tekniske samarbejde om statistik med centralbankerne i EFTA-landene .
Against the background of the implementation of the European Economic Area ( EEA ) , the Committee has also made arrangements for technical co-operation with the central banks of the EFTA countries in the statistical field .
Ændringer i Komiteens organisation Centralbankchefkomiteen assisteres af Stedfortræderkomiteen , underkomiteer og arbejdsgrupper samt af Sekretariatet og Analyseafdelingen .
Changes in the organisational structure of the Committee The Committee of Governors is assisted by the Committee of Alternates , the Subcommittees and Working Groups as well as by the Secretariat and the Economic Unit .
Den organisatoriske struktur , som skabtes ved starten på fsrste fase , blev beskrevet i den fsrste årsberetning .
The organisational structure created at the start of Stage One of EMU was described in the first Annual Report .
Denne struktur blev yderligere styrket i 1992 for at bidrage til fastlæggelsen af grundlaget for overgangen til anden og tredje fase af 0MU .
This structure was strengthened further in 1992 to help lay the foundations for the move to the second and third stages of EMU . The Committee created four new Working Groups in the following areas : Issuing and Printing a European Bank-Note ;
Komiteen oprettede fire nye arbejdsgrupper indenfor fslgende områder : Udstedelse og trykning af en e u r o p ~ i s k pengeseddel , statistik , informationssystemer , og regnskabsmæssige spsrgsmål .
Information Systems ; and Accounting Issues .
Desuden besluttede Komiteen at udvide mandatet for Arbejdsgruppen om Betalingssystemer i EF , som var blevet oprettet i 1991 på ad hoc-basis .
Furthermore , the Committee decided to extend the mandate of the Working Group on EC Payment Systems which had been created in 1991 on an ad hoc basis .
Arbejdsgruppernes opgave er at forberede Centralbankchefkomiteens diskussioner om de respektive spsrgsmal , som de af Komiteen har fået mandat til at underssge .
The task of the Working Groups is to prepare the discussions in the Committee of Governors in the respective areas on the basis of mandates from the Committee itself .
Msderne i arbejdsgruppen vedrnrrende statistik har også deltagelse af repræsentanter for centralbankerne i EFTA-landene .
The meetings of the Working Group on Statistics are also attended by a representative of the central banks of the EFTA countries .
Til at assistere denne arbejdsgruppe er der oprettet to ekspertgrupper indenfor henholdsvis monetærog bankstatistik samt betalingsbalancestatistik . Disse grupper skal videreudvikle det arbejde , der for sjeblikket udfsres af EF-Kommissionen ( Statistik Kontoret ) .
To support this Working Group , two task forces are being created in the fields of money and banking statistics and of balance-of-payments capital flows and stocks statistics , to carry forward work which is currently performed under the auspices of the Commission of the European Communities ( Statistical Office ) .
Det forberedende arbejde har også nsdvendiggjort en udvidelse af Sekretariatet og af Analyseafdelingen for at kunne tilfredsstille de stigende krav om sekretariatsbistand og analyse .
The preparatory work has also necessitated an enlargement of the Secretariat and of the Economic Unit to meet the increased demand for secretarial and analytical support .
Personalet steg fra nitten i april 1992 til otteogtyve i april 1993 .
The number of staff thus increased from nineteen in April 1992 to twenty eight in April 1993 .
For at lette den interne arbejdstilrettelæggelse blev der oprettet to overordnede stillinger , for henholdsvis Sekretariatet og Analyseafdelingen . Begge disse er underlagt Komiteens generalsekretær .
To facilitate internal management , two positions of senior professional staff members have been created . They head the Secretariat and the Economic Unit , respectively and report to the Secretary General .
Den organisatoriske struktur i Centralbankchefkomiteen er vist i figur 8 . 1.7
The present organisational structure of the Committee of Governors is shown in Chart 8 .
F I G U R 8 : ORGANISATIONSDIAGRAM F O R KOMITEEN A F DIREKTIONSFORMÆND F O R CENTRALBANK
CHART 8 : ORGANISATION CHART FOR THE COMMITTEE OF GOVERNORS OF TH EEC MEMBER STATES
CENTRALBANKCHEFKOMITEEN Formand : W. Duisenberg ( l )
COMMITTEE OF GOVERNORS Chairman : W. Duisenberg ( 1 )
STEDFORTREDERKOMITEEN Formand : J. - J. Rey
COMMITTEE OF ALTERNATES Chairman : J. - J. Rey
Arbejdsgruppe vedrorende Betalingsformidling Formand : F. Saccomanni
Foreign Exchange Policy Sub-Committee Chairman : F. Saccomanni Monetary Policy Sub-Committee
Formand : B. Quinn
Banking Supervisory SubCommittee
Formand : T. PadoaSchioppa
Working Group on EC Payment Systems Chairman : T. PadoaSchioppa
Formand : A. Jarvis
Working Group « European Banknote » Chairman : A. Jarvis
Formand : K. Hanau
Chairma K. Hana
p -
P
( 1 ) Afloste E. Hoffmeyer med virkning fra 1 . januar 1993 .
( l ) Replaced E. Hoffieyer with effect from 1st January 1993 . 2 .
2 . FORBEREDELSE AF OVERGANGEN TIL ANDEN OG TREDJE FASE AF 0MU 2.1
PREPARATORY WORK FOR THE MOVE TO THE SECOND AND THIRD STAGES OF EMU 2.1 .
Tidstabel og generelle principper Traktaten om Den Europziske Union fastsztter , at Centralbankchefkomiteen og Den Europziske Fond for Monetært Samarbejde ( EMCF ) skal efterfralges af Det Europziske Monetarre Institut ( EMI ) .
The timetable and general principles The Treaty on European Union stipulates that the Committee of Governors and the European Monetary Co-operation Fund ( EMCF ) will be superseded by the European Monetary Institute ( EMI ) .
Under forudsartning af ratifikation af Traktaten skal Instituttet etableres og vil begynde at fungere fra starten på anden fase den 1 . januar 1994 .
Subject to the ratification of the Treaty , the Institute will be established and will take up its duties at the start of Stage Two on 1st January 1994 .
EMI1s opgave er at bidrage til opfyldelsen af de betingelser , der krzves for overgangen til den tredje og endelige fase af 0MU .
The objective of the EM1 is to contribute to the fulfilment of the conditions necessary for the transition to the third and final stage of EMU .
For at opnå dette skal EM1 iszr yderligere styrke koordineringen af de enkelte landes pengepolitik , forberede oprettelsen af ESCB og tilrettelzggelsen af en fzlles pengepolitik samt indfrarelsen af en fzlles mrant i tredje fase , og overvåge ECU1ens udvikling .
To this end , the EM1 will , in particular : strengthen further the co-ordination of national monetary policies ; make the preparations required for the establishment of the ESCB , for the conduct of a single monetary policy and the creation of a single currency in the third stage ;
Ifralge Traktaten skal EM1 senest ved udgangen af 1996 fastlzgge de nradvendige vedtzgtsmarssige , organisationsmzssige og logistiske rammer , for at ESCB kan udfrare sine opgaver . Det grundige forberedelsesarbejde af dette vil krzve megen tid .
and oversee the development of the ECU . In accordance with the Treaty , the necessary regulatory , organisational and logistical framework for the ESCB to perform its tasks has to be specified by the EM1 by the end of 1996 at the latest .
Der må skabes enighed om en meget lang rzkke af sprargsmål , for at det kan blive muligt på effektiv vis at frare én fælles pengepolitik fra frarste dag af starten på tredje fase .
The thorough preparation of this framework will require considerable time . A very broad agenda must be settled to ensure that the single monetary policy can be effectively conducted from the first day of the final stage .
De sprargsmål , der skal afklares , drejer sig ikke kun om oprettelse af ESCB og dens « modus operandi » , men også sprargsmål om tekniske krav til et fælles pengemarked inden for fzllesmrantområdet .
Issues to be addressed relate not only to the setting up of the ESCB and the definition of its « modus operandi » , but include also questions linked to the technical requirements necessary for the realisation of a unified money market within the common monetary area .
Særlig inden for nogle områder må fastlceggelse af begreber og udfrarelse af beslutninger forventes at vzre stzrkt tidskrzvende .
In some fields , the elaboration of concepts and the implementation of conclusions are expected to be particularly time-consuming .
Disse omfatter : det begrebsmzssige fundament for en fælles pengepolitik og metoderne for udfrarelsen , inklusive valget af passende pengepolitiske instrumenter ;
These include : the conceptual underpinnings of the single monetary policy and the methods for its implementation , including the choice of the appropriate monetary policy tools ;
forberedelse af sedler denomineret i ECU ;
the preparation of the bank notes denominated in ECU ;
sammenkzdning af betalingssystemer inden for et fzllesmrantområde ;
the interconnection of the payment systems within the single monetary area ;
etableringen af et fzlles statistikgrundlag ;
the creation of a consistent statistical base ;
og de organisatoriske aspekter af ESCB , såsom harmonisering af regnskabsmetoder og etablering af en infrastruktur for informationssystemer .
and organisational aspects of the ESCB such as the harmonisation of accounting methodologies and the establishment of the information systems infrastructure .
Hellere end at vente på etableringen af EM1 blev det anset for sikrest så tidligt som muligt at begynde det forberedende arbejde inden for disse områder sidelrabende med forberedelsen af anden fase .
Rather than await the establishment of the EMI , it was considered prudent to commence preliminary work as soon as possible in these areas alongside the preparation for the start of Stage Two .
Som et frarste skridt identificerede Centralbankchefkomiteen alle de sprargsmål , der skulle undersrages på et tidligt stadium , og et arbejdsprogram blev fastlagt frem til udgangen af 1993 .
As a first step , the Committee of Governors identified all the issues which should be examined at an early stage and established a work programme until the end of 1993 .
Derefter blev arbejdsmetoder fastlagt og Komiteens organisatoriske struktur tilpasset .
Thereafter , working methods were defined and the Committee 's organisational structure was adapted .
Specialmandater blev givet til eksisterende underkomiteer , arbejdsgrupper blev nedsat inden for specielle områder , og Sekretariatet og Analyseafdelingen blev udvidet .
Special mandates were given to the existing Sub-Committees , Working Groups were created in specialised areas and the Secretariat and Economic Unit were enlarged .
Det egentlige arbejde startede i andet halvår 1992 . Det meste af dette arbejde har bestået af indsamling af konkrete data , som skal give grundlag for detaljeret overvejelse af hvilke lrasningsmuligheder , man vil have på et senere stadium .
The substantive work started in the second half of 1992 ;
EM1 vil overtage EMCF 's administration af EMS-mekanismerne ( den ultrakorte kreditfacilitet , den kortfristede monetzre stdtemekanisme og udstedelse af ECU i forbindelse med EMS-aftalerne ) samt administrationen af lånoptagelse og udlån , som Fzllesskabet har indgået aftale om under den mellemfristede finansielle stratteordning . Nye operationelle opgaver omfatter styringen af valutareserver som agent for og efter anmodning fra nationale centralbanker .
most of this work has so far been of a fact-finding nature , creating a basis for the detailed consideration of options at a later stage . As in the past , the Committee ( and subsequently the EMI ) will report regularly to the Community authorities on the progress made .
Hvad angår information og telekommunikation , planlzgger Komiteen overfrarsel af Sekretariatets tekniske infrastruktur til EMI .
The public will be kept informed through
le , lokale eller andre offentlige myndigheder , andre organer inden for den offentlige sektor eller offentlige foretagender i Medlemsstaterne » , og det samme gælder ECB 's og de nationale centralbankers b b af gældsinstrumenter direkte fra disse .
public authorities , other bodies governed by public law , or public undertakings of Member States » as well as the purchase of debt instruments directly from them by the ECB or national central banks .
Disse regler er udformet med henblik på at eliminere risikoen for , at centralbanker ( og i fremtiden ECB ) sættes under pres for at give finansiel stnrtte til den offentlige sektor , hvilket ville grare det sværere at frare pengepolitik og samtidig kunne true opnåelsen af prisstabilitet .
These provisions are designed to eliminate the risk that central banks ( and the future ECB ) are put under pressure to provide financial assistance to the public sector which would render the conduct of monetary policy more difficult and could jeopardise the attainment of price stability .
Dette forbud vil træde i kraft fra begyndelsen af anden fase Overholdelse af artikel 104 vil nradvendiggrare ændringer i national praksis og lovgivning ( se tabel 8 ) .
This prohibition will take effect at the beginning of Stage TWO . ^ Compliance with Article 104 will necessitate changes in national practices and legislation ( see Table 8 ) .
I forbindelse hermed overvejer Centralbankchefkomiteen især f01gende sprargsmål : behandlingen af udestående centralbankfordringer på offentlige enheder ;
In this context , the Committee of Governors is examining in particular the following issues : the treatment of outstanding central bank claims on public entities ;
hvordan det sikres , at forbudet mod centralbankfinansiering af den offentlige sektor fuldt ud overholdes ;
how to ensure full compliance with the prohibition of central bank credit to the public sector ;
betydningen af dette forbud for betalingssystemers funktion ;
the implications of the prohibition for the functioning of payment systems ;
og behovet for afklaring af sådanne forhold i form af sekundær fællesskabslovgivning i overensstemmelse med artikel 104b ( 2 ) .
and the need for clarification of such issues by secondary Community legislation in accordance with Article 104b ( 2 ) .
Når Kommissionen fremlægger forslag herom , vil der blive taget hensyn til Centralbankchefkomiteens konklusioner .
The conclusions of the Committee of Governors will be taken into account by the Commission when it presents a proposal for such legislation .
Komiteen har også til hensigt nraje at f ~ l g e ændringer i national lovgivning , som medlemslande er i færd med at forberede eller gennemfrare og at etablere en procedure , ifralge hvilken centralbankers transaktioner med offentlige enheder regelm ~ ssigt blive overvåget inden for rammerne af det fremtidige EMI .
The Committee also intends to follow closely the changes in national legislation which the Member States are currently preparing or implementing , and to establish a procedure whereby central banks » operations with public entities would be regularly monitored in the framework of the future EMI .
vil Arbejdsområder , der kræver lang tids forberedelse Selv om arbejdsområder , der kræver lang tids forberedelse , hovedsagelig er af betydning for grundlaget for tredje fase af 0MU , er der nogle forhold , der studeres i rajeblikket , såsom sprargsmål i relation til betalingssystemer , der også er vigtige under anden fase .
2.3 Areas of work with a long lead time While work in the areas with a long lead time are essentially related to the foundations of Stage Three of EMU , some of the issues under study , such as payment systems questions , are also of importance in the context of Stage Two .
Udf ~ relsen en f ~ l l e s af pengepolitik og harmonisering af pengepolitiske instrumenter . Den måde , den f ~ l l e s pengepolitik vil blive udfrart på , er ikke defineret i ESCB 's statutter .
Conduct of a single monetary policy and harmonisation of monetary policy instruments The manner in which the single monetary policy is to be conducted is not defined in the Statute of the ESCB .
Statutterne overlader store områder til ECB 's s b n og giver derved Systemet mulighed for fleksibelt at tilpasse metoderne til de gældende forhold . De betingelser , ECB vil arbejde under , kan endnu ikke fuldstændig klarlægges .
A large margin of discretion is left to the ECB , which will allow it considerable flexibility to adjust its methods to the prevailing circumstances , as the conditions under which it will operate cannot yet be fully ascertained .
Betydelige strukturelle ændringer må forventes at ske som fralge af det indre marked , mens monetær union i sig selv vil kunne betyde yderligere store ændringer .
Significant structural changes are expected to occur following the creation of the Single Market , while Monetary Union itself may lead to further major changes .
Den indviklede opgave , der består i at udforme en fremtidig pengepolitisk strategi , g0r det imidlertid nradvendigt , at det grundlæggende forarbejde begynder hurtigst muligt .
Nevertheless , given the complexity of the task of elaborating the future monetary strategy , it is necessary to start the groundwork as soon as possible .
Centralbankchefkomiteen har identificeret tre hovedemner , som skal undersrages .
The Committee of Governors has identified three main topics which need to be considered .