natgillin/translations-raw huggingface dataset:
Credit institutions investing in re-securitisations are required under Directive 2006/48/EC to exercise due diligence also with regard to the underlying securitisations and the non-securitisation exposures ultimately underlying the former.
Kreditne institucije, ki vlagajo v relistinjenja, morajo po Direktivi 2006/48/ES ravnati s primerno skrbnostjo tudi v zvezi z listinjenji in izpostavljenostmi iz nelistinjenja, ki oblikujejo prvega.
Credit institutions should assess whether exposures in the context of asset-backed commercial paper programmes constitute re-securitisation exposures, including those in the context of programmes which acquire senior tranches of separate pools of whole loans where none of those loans is a securitisation or re-securitisation exposure, and where the first-loss protection for each investment is provided by the seller of the loans.
Kreditne institucije bi morale oceniti, ali izpostavljenosti v okviru programov s premoženjem kritih komercialnih zapisov predstavljajo izpostavljenosti iz relistinjenja, vključno s tistimi v okviru programov, ki pridobijo nadrejene tranše ločenih paketov celotnih posojil, pri čemer nobeno od teh posojil ne predstavlja izpostavljenosti iz listinjenja ali relistinjenja, varovanje pred prvo izgubo za vsako naložbo pa zagotavlja prodajalec posojil.
In the latter situation, a pool-specific liquidity facility should generally not be considered a re-securitisation exposure because it represents a tranche of a single asset pool (that is, the applicable pool of whole loans) which contains no securitisation exposures.
V slednjem primeru paketu prilagojeno likvidnostno posojilo na splošno ne bi smelo pomeniti izpostavljenosti iz relistinjenja, ker predstavlja tranšo enega paketa sredstev (torej uporabljen paket celotnih posojil), ki ne vsebuje nobenih izpostavljenosti iz listinjenja.
By contrast, a programme-wide credit enhancement covering only some of the losses above the seller-provided protection across the various pools generally would constitute a tranching of the risk of a pool of multiple assets containing at least one securitisation exposure, and would therefore be a re-securitisation exposure.
Po drugi strani pa bi izboljšanje kreditne kvalitete za celoten program, ki krije le nekatere izgube nad zavarovanjem, ki ga zagotavlja prodajalec za različne pakete, na splošno predstavljalo tranširanje tveganja paketa različnih sredstev, ki vsebujejo najmanj eno izpostavljenost iz listinjenja, in bi zato pomenilo izpostavljenost iz relistinjenja.
Nevertheless, if such a programme funds itself entirely with a single class of commercial paper, and if either the programme-wide credit enhancement is not a re-securitisation or the commercial paper is fully supported by the sponsoring credit institution, leaving the commercial paper investor effectively exposed to the default risk of the sponsor instead of the underlying pools or assets, then that commercial paper generally should not be considered a re-securitisation exposure.
Če pa se takšen program v celoti samofinancira z eno samo vrsto komercialnih zapisov in če izboljšanje kreditne kvalitete za celoten program ne pomeni relistinjenja ali če komercialni zapis v celoti podpira kreditna institucija v vlogi sponzorja, kar pomeni, da je vlagatelj v komercialni zapis dejansko izpostavljen tveganju neplačila s strani sponzorja namesto tveganju neplačila osnovnih paketov ali sredstev, potem se ta komercialni zapis na splošno ne bi smel šteti za izpostavljenost iz relistinjenja.
The provisions on prudent valuation in Directive 2006/49/EC should apply to all instruments measured at fair value, whether in the trading book or non-trading book of institutions.
Določbe o preudarnem vrednotenju v Direktivi 2006/49/ES bi morale veljati za vse instrumente, merjene po pošteni vrednosti, v trgovalni ali bančni knjigi institucij.
It should be clarified that, where the application of prudent valuation would lead to a lower carrying value than actually recognised in the accounting, the absolute value of the difference should be deducted from own funds.
Treba bi bilo pojasniti, da bi bilo treba tam, kjer bi uporaba preudarnega vrednotenja privedla do knjigovodske vrednosti, ki bi bila nižja od dejansko priznane vrednosti v računovodstvu, absolutno vrednost razlike odbiti od lastnih sredstev.
Institutions should have a choice whether to apply a capital requirement to or deduct from own funds those securitisation positions that receive a 1250 % risk weight under this Directive, irrespective of whether the positions are in the trading or the non-trading book.
Institucije bi morale imeti na voljo izbiro, ali bodo uporabile kapitalsko zahtevo ali pa odbile od lastnih sredstev tiste pozicije listinjenja, ki imajo 1250 % utež tveganja po tej direktivi, ne glede na to, ali so pozicije v trgovalni ali bančni knjigi.
Capital requirements for settlement risks should also apply to the non-trading book.
Kapitalske zahteve za tveganja poravnave bi morale veljati tudi za bančno knjigo.
Originator or sponsor institutions should not be able to circumvent the prohibition of implicit support by using their trading books in order to provide such support.
Institucije v vlogi originatorja ali sponzorja ne bi smele imeti možnosti, da se izognejo prepovedi posredne podpore z uporabo njihovih trgovalnih knjig z namenom zagotoviti takšno podporo.
Without prejudice to the disclosures explicitly required by this Directive, the aim of the disclosure requirements should be to provide market participants with accurate and comprehensive information regarding the risk profile of individual institutions.
Brez poseganja v razkritja, ki jih izrecno zahteva ta direktiva, bi moral biti namen zahtev po razkritju udeležencem trga zagotoviti točne in celovite informacije v zvezi s profilom tveganja posameznih institucij.
Institutions should therefore be required to disclose additional information not explicitly listed in this Directive where such disclosure is necessary to meet that aim.
Zato bi bilo treba institucijam naložiti zahtevo po razkritju dodatnih informacij, ki niso izrecno navedene v tej direktivi, če je tako razkritje potrebno za dosego navedenega cilja.
In order to ensure coherent implementation of Directive 2006/48/EC throughout the Union, the Commission and CEBS set up a working group (Capital Requirements Directive Transposition Group – CRDTG) in 2006, entrusted with the task of discussing and resolving issues related to the implementation of that Directive.
Da se zagotovi skladno izvajanje Direktive 2006/48/ES v vsej Uniji, sta Komisija in Odbor evropskih bančnih nadzornikov leta 2006 ustanovila delovno skupino (Skupina za prenos Direktive o kapitalskih zahtevah (CRDTG)), katere naloga je obravnavati in reševati vprašanja, povezana z izvajanjem navedene direktive.
According to the CRDTG, certain technical provisions of Directives 2006/48/EC and 2006/49/EC need to be further specified.
Glede na CRDTG je treba podrobneje opredeliti nekatere tehnične določbe direktiv 2006/48/ES in 2006/49/ES.
It is therefore appropriate to specify those provisions.
Zato je primerno te določbe natančneje opredeliti.
Where an external credit assessment for a securitisation position incorporates the effect of credit protection provided by the investing institution itself, the institution should not be able to benefit from the lower risk weight resulting from that protection.
Če zunanja bonitetna ocena za pozicijo listinjenja vključuje vpliv kreditnega zavarovanja, ki ga zagotavlja sama kreditna institucija, institucija ne bi smela imeti koristi od nižje uteži tveganja, ki je posledica tega zavarovanja.
This should not lead to the deduction from capital of the securitisation if there are other ways to determine a risk weight in line with the actual risk of the position, not taking into account such credit protection.
To ne bi smelo voditi do odbitka kapitala listinjenja, če obstajajo drugi načini za določitev uteži tveganja v skladu z dejanskim tveganjem pozicije, brez upoštevanja takšnega kreditnega zavarovanja.
In the field of securitisation, disclosure requirements of institutions should be considerably strengthened.
Na področju listinjenja bi bilo treba zahteve po razkritju za institucije znatno poostriti.
They should in particular also take into account the risks of securitisation positions in the trading book.
Te bi zlasti morale vključevati tveganja pozicij listinjenja v trgovalni knjigi.
Furthermore, in order to ensure adequate transparency regarding the nature of an institution’s securitisation activities, disclosures should reflect the extent to which the institution sponsors securitisation special purpose entities and the involvement of certain affiliated entities, since closely related parties may pose on-going risks to the institution concerned.
Da se poleg tega zagotovi primerna preglednost glede narave dejavnosti institucije na področju listinjenja, bi morala razkritja odražati obseg, v katerem institucija financira subjekte s posebnim namenom pri listinjenju in udeležbo določenih odvisnih subjektov, ker lahko tesno povezane strani pomenijo stalno tveganje za zadevno institucijo.
Specific risk charges for securitisation positions should be aligned with the capital requirements in the banking book since the latter provide for a more differentiated and risk-sensitive treatment of securitisation positions.
Posebna pozicijska tveganja za pozicije listinjenja bi morala biti usklajena s kapitalskimi zahtevami v bančni knjigi, saj slednje zagotavljajo večjo raznolikost in boljšo odzivnost na tveganje za pozicije listinjenja.
Given their recent weak performance, the standards for internal models to calculate market risk capital requirements should be strengthened.
Glede na njihove nedavne slabe rezultate bi bilo treba poostriti standarde za notranje modele za izračun kapitalskih zahtev za tržno tveganje.
In particular, their capture of risks should be completed regarding credit risks in the trading book.
Zlasti bi bilo treba zajetje tveganj dopolniti v zvezi s kreditnimi tveganji v trgovalni knjigi.
Furthermore, capital charges should include a component adequate to stress conditions to strengthen capital requirements in view of deteriorating market conditions and in order to reduce the potential for pro-cyclicality.
Poleg tega bi morale kapitalske zahteve vključevati sestavino, primerno za izjemne pogoje za poostritev kapitalskih zahtev z ozirom na poslabšanje tržnih pogojev in z namenom zmanjšati možnost za procikličnost.
Institutions should also carry out reverse stress tests to examine what scenarios could challenge the viability of the institution unless they can prove that such a test is dispensable.
Institucije bi morale prav tako izvesti povratne teste izjemnih situacij, da preučijo, kakšni scenariji bi utegnili ogroziti sposobnost delovanja bank, razen če lahko dokažejo, da je takšen test pogrešljiv.
Given the recent particular difficulties of treating securitisation positions using approaches based on internal models, institutions’ ability to model securitisation risks in the trading book should be limited and a standardised capital charge for securitisation positions in the trading book should be required by default.
Glede na nedavne posebne težave v zvezi z obravnavo pozicij listinjenja s pomočjo pristopov na podlagi notranjih modelov, bi morala biti sposobnost institucij pri modeliranju tveganj listinjenja v trgovalni knjigi omejena, zahtevana pa bi morala biti tudi standardizirana kapitalska zahteva za pozicije listinjenja v trgovalni knjigi.
This Directive lays down limited exceptions for certain correlation trading activities, in accordance with which an institution may be permitted by its supervisor to calculate a comprehensive risk capital charge subject to strict minimum requirements.
Ta direktiva določa omejene izjeme za trgovalne dejavnosti s korelacijo, v skladu s katerimi instituciji njen nadzornik lahko dovoli, da izračuna kapitalsko zahtevo za celotno tveganje ob upoštevanju strogih minimalnih zahtev.
In such cases the institution should be required to subject those activities to a capital charge equal to the higher of the capital charge in accordance with that internally developed approach and 8 % of the capital charge for specific risk in accordance with the standardised measurement method.
V takšnih primerih bi se od institucije moralo zahtevati, da za te aktivnosti določi kapitalsko zahtevo, ki je enaka višji od kapitalskih zahtev glede na interno razvit pristop in 8 % kapitalske zahteve za posebno tveganje po standardiziranem načinu merjenj.
It should not be required to subject those exposures to the incremental risk charge but they should be incorporated into both the value-at-risk measures and the stressed value-at-risk measures.
Za te izpostavljenosti ne bi smele veljati zahteve za dodatne kapitalske zahteve, vendar bi jih morale banke vključiti tako v mero tveganih vrednosti kot v mero tveganih vrednosti za izjemne situacije.
In order not to discourage credit institutions from moving to the Internal Ratings Based Approach (the IRB Approach) or Advanced Measurement Approaches for calculating the capital requirements during the transitional period due to unreasonable and disproportionate implementation costs, it should be possible to allow credit institutions which have moved to the IRB Approach or Advanced Measurement Approaches since 1 January 2010 and which have previously calculated their capital requirements in accordance with other less sophisticated approaches, subject to supervisory approval, to use the less sophisticated approaches as the basis for the calculation of the transitional floor.
Da kreditne institucije ne bi bile odvrnjene od uporabe pristopa na osnovi notranjih bonitetnih ocen („pristop IRB“) ali naprednih pristopov za merjenje za izračun kapitalskih zahtev v prehodnem obdobju zaradi nerazumnih in nesorazmernih izvedbenih stroškov, bi bilo treba omogočiti, da kreditne institucije, ki začnejo uporabljati pristop IRB ali napredne pristope za merjenje od 1. januarja 2010 in ki so že prej izračunavale svoje kapitalske zahteve v skladu z drugimi manj izpopolnjenimi pristopi, na podlagi nadzorniškega dovoljenja kot osnovo za izračun v prehodnem obdobju uporabljajo manj izpopolnjene pristope.
The competent authorities should monitor their markets closely and ensure a level playing field within all their markets and market segments and avoid distortions in the internal market.
Pristojni organi bi morali natančno spremljati svoje trge in zagotoviti enake konkurenčne pogoje na vseh svojih trgih in segmentih trga ter preprečevati izkrivljanje na notranjem trgu.
In accordance with point 34 of the Interinstitutional Agreement on better law-making [9], Member States are encouraged to draw up, for themselves and in the interest of the Union, their own tables illustrating, as far as possible, the correlation between this Directive and the transposition measures, and to make them public.
V skladu s točko 34 Medinstitucionalnega sporazuma o boljši pripravi zakonodaje [9] se države članice poziva, naj za lastne potrebe in v interesu Unije pripravijo tabele, v katerih kar najbolj nazorno prikažejo korelacijo med to direktivo in ukrepi za prenos, ter naj te tabele objavijo.
The provisions of this Directive constitute steps in the reform process in response to the financial crisis.
Določbe v tej direktivi predstavljajo korake reformnega postopka v odziv na finančno krizo.
In line with the conclusions of the G-20, the FSB and the Basel Committee on Banking Supervision, further reforms may be necessary, including the need to build counter-cyclical buffers, ‘dynamic provisioning’, the rationale underlying the calculation of capital requirements in Directive 2006/48/EC and supplementary measures to risk-based requirements for credit institutions to help constrain the build-up of leverage in the banking system.
Glede na sklepe G 20, Odbora za finančno stabilnost in Bazelskega odbora za bančni nadzor bodo morda potrebne nadaljnje reforme, vključno s potrebno uvedbo proticikličnih blažilcev, „dinamičnih rezervacij“, ter opredelitvijo razlogov za izračunavanje kapitalskih zahtev v Direktivi 2006/48/ES in dodatnimi ukrepi za zahteve, temelječe na tveganju, za kreditne institucije, da bi pomagali omejiti nastanek finančnih vzvodov v bančnem sistemu.
In order to ensure appropriate democratic oversight of the process, the European Parliament and the Council should be involved in a timely and effective manner.
Evropski parlament in Svet bi morala biti pravočasno in učinkovito vključena, da se zagotovi ustrezen demokratični nadzor nad postopkom.
The Commission should review the application of Directives 2006/48/EC and 2006/49/EC to ensure that their provisions are applied in an equitable way which does not result in discrimination between credit institutions on the basis of their legal structure or ownership model.
Komisija bi morala pregledati uporabo direktiv 2006/48/ES in 2006/49/ES, da se zagotovi, da se njihove določbe uporabljajo na pravičen način, ki ne dovoljuje diskriminacije med kreditnimi institucijami na podlagi njihove pravne strukture ali modela lastništva.
The Commission should also be empowered to adopt delegated acts in accordance withArticle 290 TFEU in respect of measures to specify the size of sudden and unexpected changes in interest rates relevant for the purposes of the review and evaluation by the competent authorities under Directive 2006/48/EC of interest rate risk arising from non-trading activities; to prescribe a temporary reduction in the minimum level of own funds or risk weights specified under that Directive in order to take account of specific circumstances; to clarify the exemption of certain exposures from the application of provisions of that Directive on large exposures; and to adjust the criteria for the assessment by supervisors under that Directive of the suitability of a proposed acquirer for a credit institution and the financial soundness of any proposed acquisition.
Komisijo bi bilo tudi treba pooblastiti, da v skladu s členom 290 PDEU sprejme delegirane akte v zvezi z ukrepi glede določitve velikosti nenadnih in nepričakovanih sprememb obrestnih mer, ki so pomembne za namene pregleda in ocene, s strani pristojnih organov iz Direktive 2006/48/ES, tveganja obrestne mere iz netrgovalnih dejavnosti; da se predpiše začasno zmanjšanje minimalne ravni lastnih sredstev ali teže tveganj, kot so določene v navedeni direktivi, z namenom upoštevanja posebnih okoliščin; da bi se pojasnilo izvzetje nekaterih izpostavljenosti iz uporabe določb navedene direktive glede velikih izpostavljenosti; in da bi se prilagodila merila za oceno, s strani nadzornikov v skladu s to direktivo, primernosti predlaganega pridobitelja kreditne institucije in finančne trdnosti kakršnega koli predlaganega prevzema.
The Commission should also be empowered to adopt delegated acts in accordance with Article 290 TFEU in respect of technical adjustments to Directive 2006/49/EC to clarify definitions to ensure uniform application of that Directive or to take account of developments on financial markets; to adjust the amounts of initial capital prescribed by certain provisions of that Directive and specific amounts relevant to the calculation of capital requirements for the trading book to take account of developments in the economic and monetary field; to adjust the categories of investment firms eligible for certain derogations to required minimum levels of own funds to take account of developments on financial markets; to clarify the requirement that investment firms hold own funds equivalent to one quarter of their fixed overheads of the preceding year to ensure uniform application of that Directive; to align terminology and definitions with subsequent relevant acts; to adjust technical provisions of that Directive on the calculation of capital requirements for various classes of risk and large exposures, on the use of internal models to calculate capital requirements and on trading in order to take account of developments on financial markets or in risk measurement or accounting standards, or in Union legislation, or which have regard to the convergence of supervisory practices; and to take account of the outcome of the review of various matters relating to the scope of Directive 2004/39/EC.
Komisijo bi bilo tudi treba pooblastiti, da v skladu s členom 290 PDEU sprejme delegirane akte v zvezi s tehničnimi prilagoditvami Direktive 2006/49/ES, da se pojasnijo opredelitve za zagotovitev enotne uporabe navedene direktive ali da se upošteva razvoj dogodkov na finančnih trgih; da se prilagodijo zneski osnovnega kapitala, ki so predpisani z nekaterimi določbami navedene direktive in posebnimi zneski pomembnimi za izračun kapitalskih zahtev za trgovalno knjigo, da bi se upošteval razvoj ekonomskega in monetarnega področja; da se prilagodijo kategorije investicijskih podjetij, ki so upravičene do nekaterih odstopanj glede zahtevanih minimalnih ravni lastnih sredstev, da bi se upošteval razvoj dogodkov na finančnih trgih; da se pojasni zahteva, da bi morala investicijska podjetja posedovati lastna sredstva, ki so enakovredna eni četrtini njihovih fiksnih režijskih stroškov predhodnega leta, da se zagotovi enotna uporaba navedene direktive; da se uskladi terminologija in opredelitve z ustreznimi kasnejšimi akti; da se prilagodijo tehnične določbe navedene direktive glede izračuna kapitalskih zahtev za različne kategorije tveganja in velikih izpostavljenosti, o uporabi internih modelov za izračun kapitalskih zahtev in glede trgovanja z namenom upoštevanja razvoja dogodkov na finančnih trgih ali standardov merjenja tveganja ali računovodskih standardov, ali zakonodaje Unije, ali ki se nanašajo na konvergenco nadzornih praks; in da se upošteva rezultat pregleda različnih zadev v zvezi s področjem uporabe Direktive 2004/39/ES.
The European Parliament and the Council should have 3 months from the date of notification to object to a delegated act.
Evropski parlament ali Svet bi moral imeti na voljo tri mesece od datuma obvestila za nasprotovanje delegiranemu aktu.
At the initiative of the European Parliament or the Council, it should also be possible to prolong that period by 3 months.
Na pobudo Evropskega parlamenta ali Sveta se bi to obdobje lahko podaljšalo za tri mesece.
It should be possible for the European Parliament and the Council to inform the other institutions of their intention not to raise objections.
Evropskemu parlamentu in Svetu bi moralo biti omogočeno, da obvestita druge institucije, da ne nameravata nasprotovati.
Such early approval of delegated acts is particularly appropriate when deadlines need to be met, for example where there are timetables in the basic act for the Commission to adopt delegated acts.
Taka zgodnja odobritev delegiranih aktov je še posebej primerna, ko je treba spoštovati roke, na primer, kadar temeljni akti vsebuje časovne razporede za Komisijo za sprejemanje delegiranih aktov.
In Declaration 39 on Article 290 of the Treaty on the Functioning of the European Union, annexed to the Final Act of the Intergovernmental Conference which adopted the Treaty of Lisbon, signed on 13 December 2007, the Conference took note of the Commission’s intention to continue to consult experts appointed by the Member States in the preparation of draft delegated acts in the financial services area, in accordance with its established practice.
V izjavi 39 o členu 290 Pogodbe o delovanju Evropske unije, priloženi Sklepni listini medvladne konference, na kateri je bila sprejeta Lizbonska pogodba, podpisana 13. decembra 2007, se je konferenca seznanila s tem, da namerava Komisija v skladu s svojo ustaljeno prakso pri pripravi osnutkov delegiranih aktov na področju finančnih storitev nadaljevati posvetovanje s strokovnjaki, ki jih imenujejo države članice.