natgillin/translations-raw huggingface dataset:
A3-0353/93) af Zavvos for Udvalget om Retlige Anliggender og Borgemes Rettigheder om finansiel stabilitet og regulering af Fællesskabets markeder.
It affects the position of small investors in the European Community. In particular, it affects the position of many Asian traders in the United Kingdom.
Det andet punkt, jeg tager op, er styrkelsen af banktilsynet og stabiliteten inden for den finansielle sektor.
Many small and medium Asian traders in Britain invested in BCCI as it was a bank controlled by Muslims.
BCCI-skandalen har bragt de vigtigste, mest følsomme områder inden for banktilsynssystemerne frem i lyset.
Our laws in Britain mean that, if there is an insolvency, it is the secured creditors who are paid first if there are any assets left over.
Zavvos hvilket især sker via et styrket samarbejde mellem de forskellige kompetente politiske myndigheder.
Oddy their savings will be protected if any similar catastrophe occurs.
For det andet skal bankrevisorerne være klart forpligtede til at indberette til tilsynsmyndighederne, hvis de konstaterer ulovligheder, hvilket er af største vigtighed for systemets effektivitet.
what is mainly responsible both for the inequalities, and for the current instability which makes them more entrenched, is the free, uncontrolled movement of vast amounts of capital in speculative applications.
sammen med forbrugerbeskyttelsesforanstaltningerne danner et mønster for markedernes daglige funktion. Markederne kan ikke fungere på den mest hensigtsmæssige måde for forbrugerne, hvis det sker på det grundlag, at samtlige beskæftigede på disse markeder er nogle uforbedrelige forbrydere.
Guillaume (RDE). - (FR) Madam President, I subscribe to the exhortations in the Zavvos report concerning the complete liberalization of financial services and adopting a common approach to thirdcountry credit institutions.
Der, hvor uærligheden og bedrageriet kommer ind i billedet, må det være nogle helt andre kriterier og betragtninger, der gør sig gældende for at kriminalitetens ofre kan få deres penge tilbage, hvad enten det drejer sig om store eller små beløb.
But these recommendations would have been more credible had he not failed to mention the disturbances resulting from the international banking environment in Europe.
For det tredje bør der sideløbende med harmoniseringen af indskudsgarantiordningerne vedtages et direktiv, der vedrører omorganisering og gennemskueliggørelse af kreditinstitutter.
Since this movement fits into a dynamic of financial groups which take advantage of the Community philosophy of unimpeded liberalization, I welcome point 6 of the motion for a resolution which calls on the Commission to propose a new framework for the supervision of financial groups.
For det fjerde nødvendiggør det stærkt voksende marked for afledte finansielle instrumenter, de såkaldte derivatives, og de farer, der truer det finansielle markeds stabilitet, en justering af reglerne vedrørende finansielle institutters kapitalgrundlag og en revision af den relevante lovramme.
Indeed what is the point of harmonizing banking rules under the heading of fair intra-Community competition when on the one hand each state can choose its own system of taxation of savings and on the other hand one Member State maintains the system of banking confidentiality and the tax advantages this generates vis à vis and against everyone?
Det sidste kapital behandler Fællesskabets internationale forbindelser. For Fællesskabets politik, især inden for banksektoren, har bidraget til skabelsen af et af de mest åbne og liberale markeder i verden.
What this report lacks is a political introduction appeal ing for the convergence of monetary policies as the real means of observing the time limits for establishing a single currency.
Og for det andet princippet om, at ens filialer får en fælles tilladelse, som er baseret på de grundlæggende regler for fællesskabsfilialer, i modsætning til i dag, hvor fælles tilladelser kun gives til datterselskaber.
Lane (RDE). - Madam President, the second banking directive set out to control and supervise the European Union banking sector, in particular when banks operate in two or more Member States. The present report is welcome because it attempts to expand on the role of the second directive and cover areas not anticipated in that legislation.
Det sidste punkt i min betænkning drejer sig om liberalisering inden for rammerne af Uruguay-Runden.
The other impasse facing the rapporteur is the failure of the Uruguay Round to open up financial markets to international competition.
Og her vil jeg bede Europa-Parlamentet rette en appel til de større samarbejdspartnere inden for banksektoren, især USA, om ikke at indføre og påberåbe sig undtagelser fra den klausul om den mere begunstigede stat, som er vedtaget inden for Uruguay-Runden.
Admittedly the Uruguay Round had not yet ended when the rapporteur drew up his report, but it was already becoming clear that the United States would refuse to make the slightest change to their banking protectionism.
Og jeg mener, det samme bør gælde for de øvrige partnere, da Fællesskabet som tidligere nævnt er det mest åbne bankmarked i verden, og jeg så gerne andre markeder, som det japanske og amerikanske, åbne forbrugersektoren for europæiske banker og andre finansielle institutter.
Why let them use the pretext that the Asian countries are closed off against competition instead of asking them to reciprocate by showing the same kind of openness that their banks enjoy in Europe?
Den har speciel betydning for mange asiatiske forretningsfolk i Det Forenede Kongerige.
In the recent past, banks have expanded to provide a comprehensive range of financial services.
Der var mange af disse investorer, hvis opsparing gennem hele livet forsvandt med et slag.
These include mainstream banking, hire purchase, build ing-society mortgage lending, life assurance, etc.
Det er den lille kreditor, der ikke har nogen særlig sikkerhed, som virkelig bliver ramt.
In some Member States banks can only have an arm's length relationship with some of their subsidiaries.
Jeg vil gerne opfordre Kommissionen til alvorligt at overveje banksikkerhedsaspektet og se på, hvad vi kan gøre for at beskytte de små investorer.
Legislation must be absolutely clear so that all of these companies are subject to the regulatory authority in the country where they have their headquarters.
FORSÆDE: NICOLE FONTAINE Næstformand
I await the Commissioner's reply with interest.
Guillaume (RDE). - (FR) Fru formand, jeg kan skrive under på de formaninger, der er indeholdt i Zavvosbetænkningen, med hensyn til den fuldstændige liberalisering af finansielle tjenesteydelser og fastlæggelse af en fælles holdning til tredjelandekreditinstitutter.
Ribeiro (CG). - (PT) Mr President, Mr Commissioner, this report, which is from the Committee on Legal Affairs and is on regulatory matters, is of particular interest to us since it is, or tries to be, a contribution towards a necessary regulation of the financial services following the freedom of movement for capital.
Lord Inglewood (PPE). - (EN) Fru formand, den vestlige verdens markedsøkonomi bliver mere og mere interna tionaliseret.
Just now there appears to be a price war in offering long-term, fixed-rate lending by subsidiary companies.
I denne forbindelse er det efter min mening yderst væsentligt at skelne mellem forbrugerbe skyttelse og kriminel adfærd.
In normal company law auditors have responsibility only to report to the company manage ment; but because'of the sensitive nature of banking, auditors should also be obliged to report immediately to the supervisory authority if fraud or malpractice is discovered or suspected.
der nu står i centrum for en finansskandale, viser klart nødvendigheden af et effektivt tilsyn.
Geraghty (NI). ­ Madam President, it is increasingly evident that the international regulatory mechanisms for capital markets in the banking and financial services are woefully inadequate.
Det viste sig i forbindelse med skandalen, at den portugisiske lovgiv ning overtrådtes, og at den portugisiske regering er infiltreret i en række forhold, som den er medvidende om, og ikke kan eller vil gribe til de nødvendige midler for at retsforfølge lovovertrædelsen.
We have a virtual global economy in this sector, in which the regulatory systems are either national or non­existent.
Denne betænkning mangler en politisk indledning, hvori der slås til lyd for, at de monetære politikker skal bringes til at konvergere, hvis man virkelig vil respektere frister ne for indførelse af den fælles valuta.
That inadequacy is at the heart of the ERM crisis and it is still the problem which has to be addressed if we are to move towards economic and monetary union.
Men denne samordning findes ikke, for hver af staterne tager i deres pengeog valutapolitik kun hensyn til egne interesser.
This lack of control is facilitating fraud, speculation, tax evasion and instability in the financial markets.
Endelig skal jeg understrege, at reguleringen i særlig grad må rette opmærksomheden mod problemet med hvidvaskning af kapital stammende fra kriminel virksomhed, såsom våben- og narkotikahandel, et spørgsmål, der overhovedet ikke berøres i betænkningen.
In fact, in some of the areas mentioned in part Β of the report, the Commission has already taken initiatives along the same lines as the ones recommended by the rapporteur.
Dette bevirker, at det område med stabile valutaforhold, som Europa forsøgte at etablere ved en progressiv frem gangsmåde: valutaslangen, EMS'en og den fælles valuta, bringes i fare med skadelige virkninger for pariteterne, f.eks. devalueringerne i 1992 og den omstændighed, at valutaerne så at sige generelt blev flydende i 1993, samt for handelen inden for Fællesskabet.
This is the case for example of the work in progress on the interpretation of the concept of the general good, the revival of the Commission's earlier proposals on fiscal matters, the survey carried out togeth­er with the Member States on the need for and contents of a directive on Public Acquisition Options, the carrying out of various studies and initiatives on the subject of payment systems and their transparency, a directive proposed to the Council with the aim of increasing the prudential supervision of finance companies in order to overcome omissions revealed by the BCCI case, and the recommencement of the Council's work with a proposal for a directive on the reorganization and winding­up of credit institutions and finally the conclusion of memoran­da of understanding between the majority of the banking supervisory authorities within the Community.
Lane (RDE). - (EN) Fru formand, det andet bankdirektiv havde til formål at få kontrol over og føre tilsyn med banksektoren i Den Europæiske Union, specielt hvor banker opererer i to eller flere medlemsstater.
These references, Madam President, are by no means exhaustive, since we could also add the efforts made in order to reach an agreement on financial services within the GATT, the work on new financial instruments, financial conglomerates etc.
Den foreliggende betænkning er et velkomment forsøg på at udvide det andet direktivs anvendelsesområde og dække felter, som man ikke havde haft i tankerne i denne lovgivning.
Nevertheless, I should like to draw Parliament's attention to some aspects of the report which deserve a more detailed discussion and on which the Commission does not think it is appropriate to take initiatives, at least in the short tenn.
Ordførerens anden blindgyde vedrører fiaskoen i Uruguay-Runden, for så vidt angår spørgsmålet om at åbne de finansielle markeder for den internationale konkurrence.
I acknowledge that this report seeks to address some of these problems but, in my view, it is entirely inadequate given the scale of the problem.
Uruguay-Runden var ganske vist endnu ikke bragt til afslutning, da ordføreren udarbejdede sin betænkning, men man kunne allerede fornemme, at USA ville nægte at svække deres beskyttelse af banksektoren, det være sig nok så lidt.
While the BCCI and the Maxwell pension scandal have been widely publicised, there are many other cases which are still crying out for attention and for action.
Hvorfor lade dem bruge det samme påskud som de asiatiske lande, der er lukkede for konkurrence, når man snarere i gensidighedens navn skulle have afkrævet dem en åbning, der svarede til den, som amerikanske banker nyder godt af i Europa?
I have recently written to the President of this Parliament, referring a petition on behalf of small investors in a Dublin­based financial institution which defrauded investors in the Republic of Ireland, in Northern Ireland and in Britain.
Det oprindelige direktiv skulle sikre kontrollen og tilsynet med det, man i branchen normalt kalder »den egentlige bankvirksomhed«.
No one has been charged with the fraud and no money has been recovered.
I den senere tid har bankerne udvidet deres aktivitetsområder, så de nu kan give et omfattende udvalg af serviceydelser på det finansielle område.
The Irish and British authorities continue to blame the Gibraltar auth­orities and they refuse to act on behalf of the unfortunate victims.
Disse serviceydelser omfatter almindelige bank forretninger, afbetalingskøb, realkredit, livsforsikring, etc. I nogle medlemsstater skal der være en vis afstand mellem bankerne og visse af deres datterselskaber. Vi må have en helt entydig lovgivning, så alle disse selskaber er underkastet tilsynsmyndigheden i det land, hvor deres hovedsæde ligger.
Those responsible for the fraud were supported, well­protected by the legal and business establishments in Dublin, and are still sheltering under a complex legal situation which allows offshore banking institutions to operate without control or regulation yet leaves the ordinary citizens without legal redress in their own jurisdiction.
Hr. kommissær, jeg henvender mig til Dem - og jeg slutter med det - for denne debat kan ikke afsluttes, før De har præciseret, hvilken intern monetær politik De agter at føre, og hvilke mål for en loyal international konkurrence på bankvæsenets område De sigter mod. Hr. kommissær, jeg afventer Deres svar med interesse.
The most extraordinary feature of this case is that much of the defrauded money was actually put into 23 compan­ies in Ireland, yet the national authorities continue to refuse to act on behalf of the citizens of the European Union.
Ribeiro (CG). - (PT) Hr. formand, hr. kommissær, den foreliggende betænkning fra Retsudvalget om regulering af Fællesskabets markeder for finansielle tjenesteydelser er af allerstørste vigtighed, da den sigter mod at bidrage til en regulering af de finansielle tjenesteydelser som følge af kapitalens frie bevægelighed.
I would urge, through the Petitions Committee, and through the presidency of this Parliament, that we bring pressure to bear on offshore banking institutions and institutions in Gibraltar, so that they face up to their responsibilities and ensure that investors are protected irrespective of where they are located.
Lige for tiden er der tilsyneladende priskrig, når det gælder langfristede lån til fast rente, som ydes gennem datterselskaber.
Firstly, I will mention the question of the harmonization of contractual rules which, in all the Member States, are included in the sphere of private law.
Tilsynsmyndigheden må sikre, at risikoen kan dækkes af moderselskabet, hvis renteniveauet stiger væsentligt i de kommende år.
At the moment our activity will have to be directed towards the Treaty on European Union which enshrines the principle of subsid­iarity within its basic principles.
Betænkningen omtaler med rette revisorernes rolle.
In the 1970s the Commission drew up a proposal with a view to harmonizing rules relating to insurance policies.
BCCI's sammenbrud for et par år siden må være en lærestreg for os alle, specielt fordi denne katastrofe ville have kunnet afværges, hvis vi havde haft et ordentligt tilsynssystem, som revisorerne var forpligtede til at indberette til.
Bearing in mind that these do not apply to the insurance sector, the second generation directives in relation to insurance provide for ad hoc rules in this area.
Et behov, der er så meget større, som det er umuligt at opnå finansiel stabilitet, når de nationale økonomiers udgangspunkt er så forskellige, og vækstmodellerne og -rytmerne langt fra opfylder målet om konvergens.
I will also mention the problem of the treatment of bank branches from third countries. Rather than laying down ad hoc rules in the banking directives, the Commission opted for a global approach by trying to reach a solution within the framework of the GATT.
Hovedskylden for såvel den skæve udvikling som for den herskende ustabilitet, der uddyber forskellene endnu mere, påhviler den frie ukontrollerede bevægelse af store spekulationskapitalmasser.
Following this agreement, which also included the financial services and, as such, the opening of branches by third country banks, the Commission proposes to continue negotia­tions with the aim of making the principle of the most­favoured nation a reality as widely as possible.
For så vidt som denne bevægelse finder sted inden for rammerne af store finansielle konglomerater, som uhindret udnytter liberaliseringen, bifalder jeg punkt 6 i for slaget til beslutning, der anmoder Kommissionen om at foreslå en ny ramme for fælles tilsyn med finansielle konglomerater.
Neverthe­less, Madam President, as I mentioned at the beginning, these small differences of opinion by no means alter the Commission's extremely favourable overall position with regard to Mr Zavvos's report.
Geraghty (NI). - (EN) Fru formand, det bliver mere og mere klart, at de internationale reguleringsmekanismer for kapitalmarkederne inden for banksektoren og den finansielle sektor er totalt utilstrækkelige. Vi står i denne sektor med en så godt som verdensomspændende økonomi, mens reguleringsmekanismerne enten er nationale eller ikke-eksisterende.
Pinheiro, Member of the Commission. ­ (PT) Madam President, ladies and gentlemen, I should like to thank the rapporteur, Mr Zavvos, for having drawn Parliament's attention to the importance of this subject and congratu­late him on the quality of his work.
Det er denne utilstrækkelighed, der ligger til grund for krisen om valutakursmekanismen, og det er også dette problem, vi må have klaret, hvis vi skal bevæge os frem mod den økonomiske og monetære union.
I think that there is a general consensus on the need to maintain the stability of these markets in Europe, and throughout the whole world, and on the appropriateness of having a suitable regulation in this area which is implemented as widely as possible in order to prevent prudential supervisory meas­ures from being an obstacle to the interpénétration of these markets and the free carrying out of transactions, not just at a European level, which is practically already a fait accompli, but also worldwide, which should be possible to achieve through the latest GATT agreements.
Denne mangel på kontrol letter bedrageri, spekulation, skatteunddragelse og ustabilitet på de finansielle markeder.
This is why I can say right now that the Commission shares the objectives of the report without any reserva­tions and largely approves of the lines of action proposed in it.
Jeg erkender, at man i denne betænkning forsøger at tage fat på nogle af disse problemer, men det er efter min mening et ganske utilstrækkeligt forsøg, når man betæn-
The fact that we agree about many things is of course good, but perhaps it has some bad points too.
Ovenstående opregning af initiativer er på ingen måde udtømmende, og hertil kan føjes bestræbelserne på at tilvejebringe en aftale om finansielle tjenesteydelser inden for GATT, initiativerne vedrørende nye finansielle instrumenter, finansielle konglomerater, m.m.
The main purpose of my report was to set the basic orientation, the basic parameters that we will have to follow in coming years, regarding the Community's banking policy.
Nedenstående redegør jeg kort for visse aspekter i betænkningen, der må gøres til genstand for yderligere drøftelser, før der på længere sigt tages initiativer.
That is why I insisted in the first part on examining the obstacles that still exist to opening up the single banking market.
Der er ikke rejst tiltale mod nogen for dette bedrageri, og ingen har fået deres penge tilbage. De irske og britiske myndigheder skyder fortsat skylden på de gibraltarske myndigheder og nægter at gøre noget for de stakkels ofre.
In other words, you have the example of British banks which, if they wished to make a housing loan in Belgium with variable interest, would come up against the difficulty of Belgian banking laws concerning the public interest.
På indeværende tidspunkt må vore tiltag afstemmes med et af Unionstraktatens grundprincipper, nemlig subsidiaritetsprincippet. Et op lagt område, hvor dette princip må bringes i anvendelse, er kontraktbestemmelser.
Peijs (PPE), rapporteur. - (NL) Madam President, Parliament commissioned this report because the EC is a shareholder in the EBRD, with a 3% interest itself and a 51 % interest if you count the Member States too.
Kommissionen udarbejdede i 1970'erne et forslag sigtende mod at harmonisere regler ne for forsikringskontrakter.
Under the Bangkok Agreement, to which I will come back later, the Bank also has the right to use PHARE and TACIS funds.
Efter 20 års debat var det endnu ikke lykkedes at opnå det mindste fremskridt, og Kommissionen besluttede at tage forslaget tilbage.
And there are a further 20 million ECU which the Union has contributed to the Bank's core fund.
På denne baggrund agter Kommissionen ikke at tage et tilsvarende initiativ inden for de øvrige finansielle sektorer. På dette område har parternes vilje forrang i henhold til Rom-konventionens bestemmelser.
There is also a series of many other obstacles that I call upon the Commission to examine carefully, and only if necessary to institute some slight harmonization.
Disse finder imidlertid ikke anvendelse i forsikringssektoren, og derfor fastsætter 2. generations-direktiverne ad hoc-regler på forsikringsområdet.
That is something the banking sector has asked for too, and it is essential for any kind of monitoring of the European system's stability, and for liberalization.
Det mest fantastiske ved denne sag er, at en stor del af de penge, der blev bedraget for, faktisk blev sat i 23 selskaber i Irland - men de nationale myndigheder nægter fortsat at gøre noget på vegne af Den Europæiske Unions borgere.
The report now before us covers a period in the EBRD's history which may later prove to have been one of its most turbulent but not its most glorious.
Jeg vil gerne gennem Udvalget for Andragender og gennem Europa-Parlamentets formand skab opfordre til, at vi lægger pres på offshore-bankerne og institutionerne i Gibraltar, således at de lever op til deres ansvar og sikrer, at investorerne er beskyttet, uanset hvor de har etableret sig.
The merit of the Bank's first president was doubtless that he drew the spotlight, with great verve and energy, to the need to open up the EC market further. Regrettably his modus operandi damaged the Bank and thus the European Union too.
Til sidst vedrørende problemet med tredjelandes bankfilialer.
Up to November the Bank was the biggest black mark against him.
I stedet for at fastsætte ad hoc-regler i bankdirektiverne har Kommissionen valgt en global strategi og forsøgt at nå til en løsning inden for GATT.
Your rapporteur agrees with the Bank's internal audit committee report which pointed the finger at two internal problems.
Som opfølgning af GATT-aftalen, der indbefatter finansielle tjenesteydelser og dermed tredjelandes åbning af bankfilialer, agter Kommissionen at fortsætte forhandlingerne med henblik på i så vid udstrækning som muligt at udmønte princippet om mest begunstiget nation.
Firstly the inadequate - or even total lack of - transparency in the internal procedures which ought to have governed the distribution of responsibilities between the various arms of the Bank: absence of budget procedures, cost management, etc.
Som nævnt indledningsvis ændrer disse ubetydelige afvigelser fra betænkningen ikke Kommissionens yderst positive holdning til hr. Zavvos's betænkning.
Secondly the audit committee finds a lack of any general ethos of prudence and integrity which should be incumbent on the president and directors.