natgillin/translations-raw huggingface dataset:
On this basis, the ECB and the NCBs have in the past performed tasks relating to the administration of loans arising out of economic adjustment programmes, such as the European Financial Stabilisation Mechanism (EFSM) (4) and the Union's medium-term financial assistance (MTFA) facility enabling loans to be granted to Member States experiencing or seriously threatened with difficulties in their balance of current payments or capital movements (5) .
Na tej podlagi so ECB in NCB v preteklosti opravljale naloge v zvezi z upravljanjem posojil iz programov za gospodarsko prilagoditev, kot sta Evropski mehanizem za finančno stabilizacijo (4) in aranžma Unije za zagotavljanje srednjeročne finančne pomoči, ki omogoča odobravanje posojil državam članicam, ki imajo težave glede bilance tekočih plačil ali pretoka kapitala, ali pa obstaja nevarnost, da bi v tovrstne težave zašle (5) .
It will also transfer the principal and the interest due under the loan to an account of the Union with the ECB twenty TARGET2 business days prior to the corresponding due date.
Poleg tega glavnico in zapadle obresti za posojilo prenese na račun Unije pri ECB 20 delovnih dni TARGET2 pred ustreznim rokom za plačilo.
on a proposal for a regulation on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak
o predlogu uredbe o vzpostavitvi evropskega instrumenta za začasno podporo zmanjševanju tveganj za brezposelnost v izrednih razmerah (instrument SURE) po izbruhu COVID-19
On 2 April 2020 the European Commission adopted a proposal for a Council Regulation on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak (hereinafter the ‘proposed regulation') (1) .
Evropska komisija je 2. aprila 2020 sprejela predlog uredbe Sveta o vzpostavitvi evropskega instrumenta za začasno podporo zmanjševanju tveganj za brezposelnost v izrednih razmerah (instrument SURE) po izbruhu COVID-19 (v nadaljnjem besedilu: predlagana uredba) (1) .
Possible further changes to certain aspects of market risk requirements
Možne nadaljnje spremembe nekaterih vidikov zahtev za tržno tveganje
of 20 May 2020
z dne 20. maja 2020
Secondly, this solution would be fully compliant with the BCBS decision of 3 April 2020.
Drugič, ta rešitev bi bila v celoti skladna z odločitvijo odbora BCBS z dne 3. aprila 2020.
(15) See the proposed new Article 500a of CRR.
(15) Glej predlagani novi člen 500a CRR.
The transitional arrangements consist of two components: a static and a dynamic component.
Prehodna ureditev je sestavljena iz dveh komponent: statične in dinamične.
Such behaviour would impair the intended beneficial effect of the buffer framework.
Tako ravnanje bi oslabilo nameravane koristne učinke okvira blažilnikov.
If earnings turn negative, distributions are cancelled, irrespective of the size of the breach.
Če postane dobiček negativen, se razdelitev prekliče ne glede na obseg kršitve.
Furthermore, national governments have launched very significant support programmes, including public guarantees and moratoria on payments of credit obligations.
Poleg tega so nacionalne vlade sprejele obsežne programe pomoči, vključno z državnimi jamstvi in moratoriji na odplačevanje kreditnih obveznosti.
In these extraordinary circumstances, even an accurate model might produce many exceptions in a relatively short period of time.
V takih izjemnih okoliščinah se lahko celo pri natančnem modelu v sorazmerno kratkem času pojavi veliko izjem.
Given that the extraordinary market conditions are not linked to specific individual entities, but the whole market, it would also be important that the competent authority should exercise this power across all supervised entities with regard to their respective internal models, rather than on an individual basis.
Ker izjemne razmere na trgu niso povezane s posameznimi subjekti ampak celotnim trgom, bi bilo prav tako pomembno zagotoviti, da pristojni organ to pooblastilo izvaja v razmerju do vseh nadzorovanih subjektov v zvezi z njihovimi notranjimi modeli in ne na posamični podlagi.
The existing transitional arrangements cover the period from 2018 to 2022 (11) .
Zdaj veljavna prehodna ureditev zajema obdobje od leta 2018 do leta 2022 (11) .
Done at Frankfurt am Main, 20 May 2020.
V Frankfurtu na Majni, 20. maja 2020
In particular, the BCBS standard acknowledges that even well-designed models might fail to predict unexpected high market volatility.
Natančneje, standard odbora BCBS potrjuje, da celo dobro zasnovani modeli morda ne bi uspeli napovedati nepričakovano velike tržne nestanovitnosti.
The proposed regulation envisages a change to the recalibration mechanism as currently set out in CRR.
Predlagana uredba predvideva spremembo mehanizma ponovnega umerjanja, kakor je zdaj določen v CRR.
This discretion, which has been introduced into Union law (19) , will become applicable on 28 June 2021.
Ta diskrecijska pravica, ki je bila prenesena v pravo Unije (19) , se bo začela uporabljati 28. junija 2021.
It is widely recognised that the build-up of excessive leverage in the banking system was an underlying cause of the global financial crisis.
Splošno priznano je, da je bilo kopičenje prekomernega finančnega vzvoda v bančnem sistemu osnovni razlog za svetovno finančno krizo.
Transitional arrangements for mitigating the impact of IFRS 9 provisions on regulatory capital
Prehodna ureditev za ublažitev vpliva določb MSRP 9 na regulativni kapital
In addition, competent authorities should be able to recalibrate on the basis of a reference period, rather than a reference date.
Poleg tega bi bilo treba pristojnim organom omogočiti ponovno umerjanje na podlagi referenčnega obdobja namesto referenčnega datuma.
For this purpose, competent authorities should be given further flexibility which would allow them to temporarily adjust the number of overshootings (resulting from both actual and hypothetical losses) or take other appropriate action.
Za ta namen bi bilo treba pristojnim organom zagotoviti dodatno fleksibilnost, ki bi jim omogočila začasno prilagoditev števila preseganj (zaradi dejanskih in hipotetičnih izgub) ali sprejetje drugih ustreznih ukrepov.
The proposal removes an arbitrary distinction between guarantees given by different public entities with a similar credit standing.
Predlog odpravlja neupravičeno razlikovanje med jamstvi, ki jih dajejo različni javni subjekti s podobno boniteto.
These measures have represented a very significant support in addressing the current crisis, with important synergies between the ECB's measures as a banking supervisor and its monetary policy actions as a central bank.
Ti ukrepi so zelo pomagali pri obvladovanju trenutne krize, pri čemer obstajajo pomembne sinergije med ukrepi ECB v vlogi bančnega nadzornika in njenimi ukrepi s področja denarne politike v vlogi centralne banke.
Hence, CRR should be amended to ensure that, in extraordinary circumstances, competent authorities can take appropriate action, in line with the BCBS standard.
Zato bi bilo treba CRR spremeniti in zagotoviti, da bodo lahko pristojni organi v izjemnih okoliščinah sprejeli ustrezne ukrepe v skladu s standardom odbora BCBS.
This would allow competent authorities, in consultation with central banks, to choose a date which marks the beginning of the period of exceptional circumstances, as evidenced by key monetary policy decisions (20) .
To bi pristojnim organom omogočilo, da v posvetovanju s centralnimi bankami izberejo datum, ki označuje začetek obdobja izjemnih okoliščin, kakor izhaja iz ključnih sklepov o denarni politiki (20) .
(19) See paragraphs 1(n) and 7 of Article 429a of CRR as amended by Regulation (EU) 2019/876.
(19) Glej odstavka 1(n) in 7 člena 429a CRR, kakor je bil spremenjen z Uredbo (EU) 2019/876.
Market disruptions caused by COVID-19 are expected to influence the number of hypothetical overshootings, in a manner similar to the number of actual overshootings.
Pričakuje se, da bodo motnje na trgu zaradi COVID-19 vplivale na število hipotetičnih preseganj na podoben način kot na število dejanskih preseganj.
Against this backdrop, the ECB fully supports the Commission's initiative to increase the capacity of credit institutions to lend and to absorb losses related to the COVID-19 pandemic, while still ensuring their continued resilience (8) .
ECB na tej podlagi v celoti podpira pobudo Komisije, da se poveča zmožnost kreditnih institucij za kreditiranje in pokrivanje izgub, povezanih s pandemijo COVID-19, hkrati pa še naprej zagotavlja njihova stalna odpornost (8) .
This would provide certainty and clarity to market participants, and would support the smooth implementation and transmission of monetary policy.
To bi tržnim udeležencem zagotovilo gotovost in jasnost, pomagalo pa bi tudi pri nemotenem izvajanju in transmisiji denarne politike.
This will enable credit institutions to focus their operational capacity on the necessary measures to address the current crisis and foster economic recovery.
Tako bodo kreditne institucije lahko svojo operativno zmožnost osredotočile na potrebne ukrepe za odziv na trenutno krizo in spodbujanje gospodarskega okrevanja.
The change to the recalibration mechanism applies from 28 June 2021.
Sprememba mehanizma ponovnega umerjanja se uporablja od 28. junija 2021.
The average amount of eligible central bank reserves over the period would then be taken into account in the recalibration.
Povprečni znesek primernih centralnobančnih rezerv v tem obdobju bi se nato upošteval pri ponovnem umerjanju.
on amendments to the Union prudential framework in response to the COVID-19 pandemic
o spremembah bonitetnega okvira Unije zaradi pandemije COVID-19
Offsetting the impact of excluding certain exposures from the calculation of the leverage ratio
Izravnava učinka izključitve nekaterih izpostavljenosti iz izračuna količnika finančnega vzvoda
The ECB notes that the experience of the global financial crisis clearly highlighted the need for a mandatory leverage ratio requirement in Pillar 1.
ECB ugotavlja, da se je na podlagi izkušenj s svetovno finančno krizo jasno izkazala potreba po obvezni zahtevi glede količnika finančnega vzvoda v prvem stebru.
The targeted adjustments to Regulation (EU) No 575/2013 of the European Parliament and of the Council (9) (CRR) are welcomed, as they further increase the capacity of the banking system to mitigate the economic impact of the pandemic and support recovery, while preserving the key elements of the prudential framework.
Pozdraviti je treba ciljno usmerjene prilagoditve Uredbe (EU) št. 575/2013 Evropskega parlamenta in Sveta (9) (CRR), saj povečujejo zmožnost bančnega sistema za ublažitev gospodarskih posledic pandemije in podporo okrevanju, hkrati pa ohranjajo ključne elemente bonitetnega okvira.
In particular, Article 366(4) of CRR provides that the supervisor has the discretion not to count overshootings resulting from actual losses where these are driven by factors other than model deficiencies, such as extraordinary market conditions.
Natančneje, člen 366(4) CRR določa, da ima nadzorni organ diskrecijsko pravico, da ne prišteva preseganj, ki so posledica dejanskih izgub, če nanje vplivajo dejavniki, ki niso pomanjkljivosti modela, na primer izjemne tržne okoliščine.
Other authorities have also taken action, notably the Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA), through prudential measures of a complementary nature which have benefitted from international coordination.
Ukrepali so tudi drugi organi, še posebej Baselski odbor za bančni nadzor (BCBS) in Evropski bančni organ (EBA), in sicer z dopolnilnimi bonitetnimi ukrepi, ki so bili usklajeni na mednarodni ravni.
The ECB therefore considers it important to fully preserve the role of the leverage ratio as a credible non-risk based backstop and to avoid exclusion of its major components.
Zato je po mnenju ECB pomembno v celoti ohraniti vlogo količnika finančnega vzvoda kot verodostojnega varovalnega mehanizma, ki ne temelji na tveganju, in se izogniti izključitvi njegovih glavnih komponent.
To reflect these considerations the proposed regulation envisages resetting the 5-year transition period which started in 2018 for the dynamic component only.
V predlagani uredbi se navedeni preudarki upoštevajo tako, da ta predvideva ponastavitev petletnega prehodnega obdobja, ki se je začelo leta 2018, samo za dinamično komponento.
Furthermore, some elements of the proposed regulation are complementary to the mitigating supervisory measures taken by the ECB and certain measures agreed recently by the BCBS require amendments to the Union legal framework to become operational.
Poleg tega nekateri elementi predlagane uredbe dopolnjujejo blažitvene nadzorniške ukrepe ECB, nekateri ukrepi, ki so bili nedavno dogovorjeni v okviru BCBS, pa zahtevajo spremembe pravnega okvira Unije, da jih bo mogoče izvajati.
Moreover, an excessive increase of capital requirements for market risk would impede the objective to free up capital to support lending to the real economy.
Pretirano povečanje kapitalskih zahtev za tržno tveganje bi poleg tega oviralo cilj sprostitve kapitala za podpiranje kreditiranja realnega gospodarstva.
(8) See section 1 of the explanatory memorandum accompanying the proposed regulation.
(8) Glej oddelek 1 obrazložitvenega memoranduma k predlagani uredbi.
The BCBS standard on market risk internal models contains sufficient flexibility for competent authorities with regard to the treatment of back-testing overshootings in extraordinary circumstances (22) .
Standard odbora BCBS o notranjih modelih za tržno tveganje omogoča pristojnim organom dovolj fleksibilnosti v zvezi z obravnavo preseganj pri testiranju za nazaj v izjemnih okoliščinah (22) .
(22) BCBS, MAR Calculation of RWA for market risk, paragraphs 99.65 to 99.69, available at https://www.bis.org/basel_framework/standard/MAR.htm
(22) Odbor BCBS, MAR Calculation of RWA for market risk, odstavki od 99.65 do 99.69, dostopno na naslovu https://www.bis.org/basel_framework/standard/MAR.htm.
Postponing the application of the leverage ratio buffer for global systemically important banks will allow credit institutions a smoother adjustment, while remaining fully consistent with the substance and timeline agreed at international level.
Odlog začetka uporabe blažilnika količnika finančnega vzvoda za globalne sistemsko pomembne banke bo kreditnim institucijam omogočil bolj nemoteno prilagoditev, ob tem pa bo še naprej v celoti skladen z vsebino in časovnim okvirom, ki sta bila dogovorjena na mednarodni ravni.
Any further adjustments to the proposed regulation should not fundamentally alter the prudential framework, which should continue to respect agreed Basel standards and avoid further fragmentation of the European single rulebook.
Kakršne koli nadaljnje spremembe predlagane uredbe ne bi smele bistveno spremeniti bonitetnega okvira, v katerem je treba še naprej spoštovati dogovorjene baselske standarde in se izogibati drobitvi enotnih evropskih pravil.
The ECB's competence to deliver an opinion is based on Articles 127(4) and 282(5) of the Treaty on the Functioning of the European Union since the proposed regulation contains provisions affecting (1) the task of the European System of Central Banks (ESCB) to define and implement monetary policy in accordance with the first indent of Article 127(2) of the Treaty, (2) the ECB's tasks concerning policies relating to the prudential supervision of credit institutions in accordance with Article 127(6) of the Treaty and (3) the ESCB's contribution to the smooth conduct of policies pursued by the competent authorities relating to the stability of the financial system, as referred to in Article 127(5) of the Treaty.
Pristojnost ECB, da poda mnenje, izhaja iz členov 127(4) in 282(5) Pogodbe o delovanju Evropske unije, saj predlagana uredba vsebuje določbe, ki vplivajo na (1) nalogo Evropskega sistema centralnih bank (ESCB), da opredeli in izvaja denarno politiko, v skladu s prvo alineo člena 127(2) Pogodbe, (2) naloge ECB, ki se nanašajo na politike bonitetnega nadzora kreditnih institucij, v skladu s členom 127(6) Pogodbe in (3) prispevek ESCB k nemotenemu vodenju politik pristojnih organov glede stabilnosti finančnega sistema, kakor je navedeno v členu 127(5) Pogodbe.
(11) See section 5 of the explanatory memorandum accompanying the proposed regulation.
(11) Glej oddelek 5 obrazložitvenega memoranduma k predlagani uredbi.
Therefore the exclusion of central bank reserves calculated at that date will create less capacity for banks for a potential increase in lending to the real economy.
Zato bo izključitev centralnobančnih rezerv, izračunanih na navedeni datum, za banke ustvarila manj zmožnosti za potencialno povečanje kreditiranja realnega gospodarstva.
The BCBS also clarified that jurisdictions which have already implemented the transitional arrangements (including the European Union) may choose in particular to add back less than 100 % during 2020 and 2021, or take other measures to prevent the add-back from including ECL amounts established before the outbreak of COVID-19 (13) .
Odbor BCBS je prav tako pojasnil, da se lahko jurisdikcije, ki so že izvedle prehodno ureditev (vključno z Evropsko unijo), zlasti odločijo, da v letih 2020 in 2021 ponovno dodajo manj kot 100 %, ali sprejmejo druge ukrepe, s katerimi preprečijo, da bi to ponovno dodajanje vključevalo zneske pričakovanih kreditnih izgub, določene pred izbruhom COVID-19 (13) .
The ECB notes that an increase in central bank liquidity resulting from the conduct of monetary policy will lead to an increase in the quantity of reserves held by the banking system, as is the case for the recently announced monetary policy measures in relation to the COVID-19 crisis.
ECB ugotavlja, da se bodo zaradi povečanja centralnobančne likvidnosti na podlagi vodenja denarne politike količinsko povečale rezerve v bančnem sistemu, tako kot pri nedavno najavljenih ukrepih denarne politike v zvezi s krizo zaradi COVID-19.
Furthermore, should there be a need to renew the exclusion at the end of the period during which the discretion is exercised (initially a maximum one-year period), the recalibration would be based on the amount of the reserves held at the renewal date, which may have further increased in the meantime.
Poleg tega bi v primeru, če bi bilo treba po koncu obdobja, za katero se uveljavlja diskrecijska pravica (prvotno največ eno leto), izključitev podaljšati, ponovno umerjanje temeljilo na znesku rezerv na datum podaljšanja, ki se je lahko v vmesnem času še povečal.
The ECB welcomes the fact that the proposed regulation implements a targeted exclusion of an increase in central bank reserves, which can support a smooth implementation and transmission of monetary policy measures.
ECB pozdravlja to, da predlagana uredba določa ciljno usmerjeno izključitev povečanja centralnobančnih rezerv, s čimer se lahko podpira nemoteno izvajanje in transmisija ukrepov denarne politike.
For all other NPEs which are secured in full or in part by qualifying collateral, minimum deduction requirements gradually increase over time until the relevant NPEs are fully covered.
Pri vseh drugih nedonosnih izpostavljenostih, ki so v celoti ali delno zavarovane s kvalificiranim premoženjem, se minimalne zahteve za odbitke v času postopoma povečujejo, dokler ustrezne nedonosne izpostavljenosti niso v celoti pokrite.
The adjusted leverage ratio will apply throughout the full period during which the discretion is exercised and will not change, unlike under the recalibration mechanism currently in force.
Prilagojeni količnik finančnega vzvoda se bo uporabljal v celotnem obdobju, v katerem se uveljavlja diskrecijska pravica, in se ne bo spreminjal, kot je to možno v okviru zdaj veljavnega mehanizma ponovnega umerjanja.
(14) Letters (a) to (e) of Article 201(1) of CRR refer to (a) central governments and central banks; (b) regional governments or local authorities; (c) multilateral development banks; (d) international organisations exposures to which a 0 % risk weight under Article 117 is assigned; (e) public sector entities, claims on which are treated in accordance with Article 116.
(14) V točkah od (a) do (e) člena 201(1) CRR so navedene (a) enote centralne ravni držav in centralne banke; (b) enote regionalne ali lokalne ravni držav; (c) multilateralne razvojne banke; (d) mednarodne organizacije, izpostavljenosti do katerih na podlagi člena 117 prejmejo utež tveganja 0 %; (e) subjekti javnega sektorja, terjatve do katerih se obravnavajo v skladu s členom 116.
While CRR does not contain an explicit reference to the extraordinary circumstances described in the BCBS text, some flexibility for the competent authority in assessing the results of the back-testing is allowed.
Čeprav CRR izrecno ne omenja izjemnih okoliščin, opisanih v besedilu odbora BCBS, pa pristojnim organom omogoča nekaj fleksibilnosti pri oceni rezultatov testiranja za nazaj.
In particular, a credit institution will be required to calculate the adjusted leverage ratio only once, on the basis of the value of the institution's eligible central bank reserves and total exposure measure on the day when the institution's competent authority declares that exceptional circumstances exist that warrant the exercise of the discretion.
Natančneje, kreditna institucija bo morala prilagojeni količnik finančnega vzvoda izračunati samo enkrat, in sicer na podlagi vrednosti primernih centralnobančnih rezerv in mere skupne izpostavljenosti institucije na dan, ko pristojni organ institucije izjavi, da obstajajo izjemne okoliščine, ki upravičujejo uveljavljanje diskrecijske pravice.
If this discretion is exercised, the Basel standards require a recalibration (i.e. an increase) of the leverage ratio requirement to offset the exclusion of central bank reserves.
Če se ta diskrecijska pravica uporabi, baselski standard zahteva ponovno umerjanje (tj. povečanje) zahteve po količniku finančnega vzvoda zaradi izravnave izključitve centralnobančnih rezerv.
The extraordinary levels of volatility recorded in financial markets since the outbreak of COVID-19 impact the capital requirements for market risk for institutions using the internal model approach for market risk in two ways: (a) the Value at Risk figures increase as a consequence of the observed higher volatility, and (b) the quantitative market risk multipliers reflecting the number of back-testing overshootings increase (21) .
Izjemno velika nestanovitnost na finančnih trgih od izbruha COVID-19 vpliva na kapitalske zahteve za tržno tveganje za institucije, ki uporabljajo pristop notranjih modelov za tržno tveganje, na dva načina: (a) zaradi ugotovljene večje nestanovitnosti se povečajo tvegane vrednosti in (b) kvantitativni multiplikatorji za tržno tveganje, ki odražajo število preseganj pri testiranju za nazaj, se zvišajo (21) .
In this regard the ECB provided temporary capital and operational relief (3) and announced further flexibility in the prudential treatment of loans backed by public guarantees (4) .
(2) ECB je v zvezi s tem zagotovila začasno kapitalsko in operativno razbremenitev (3) ter najavila dodatno fleksibilnost pri bonitetni obravnavi posojil, zavarovanih z državnimi jamstvi (4) .
However, CRR does not allow the competent authority to apply a similar treatment to hypothetical overshootings and disregard them for the purposes of calculating the back-testing addend.
CRR pa pristojnemu organu ne dovoljuje, da bi podobno obravnaval hipotetična preseganja in jih ne bi upošteval pri izračunu prištevka pri testiranju za nazaj.