natgillin/translations-raw huggingface dataset:
No later than one month after the adoption of this Decision, the Belgian authorities will submit a list of one or more persons whom they propose to appoint as independent trustee to the Commission for approval.
Belgijski organi bodo najpozneje en mesec po sprejetju tega sklepa v odobritev Komisiji predložili seznam z enim ali več kandidati, ki jih predlagajo za imenovanje na položaj neodvisnega skrbnika.
The Commission will have discretion to approve or reject the proposed trustee(s) who must be independent from Belfius.
Komisija bo imela diskrecijsko pravico, da predlaganega skrbnika, ki mora biti neodvisen od družbe Belfius, odobri ali zavrne.
If the Commission rejects all proposed trustees, the Belgian authorities will, within one month of being informed of the rejection, propose new candidates who again need to be approved or rejected by the Commission.
Če Komisija zavrne vse predlagane kandidate, bodo belgijski organi najpozneje en mesec po obvestilu o zavrnitvi predlagali nove kandidate, ki jih mora prav tako odobriti ali zavrniti Komisija.
If all the further proposed trustees are rejected by the Commission, the Commission will nominate an independent trustee, whom the Belgian authorities will appoint in accordance with a mandate approved by the Commission.
Če Komisija zavrne vse dodatno predlagane kandidate, bo sama predlagala neodvisnega skrbnika, ki ga bodo belgijski organi imenovali v skladu z mandatom, ki ga odobri Komisija.
Functions of the independent trustee
Naloge neodvisnega skrbnika
The independent trustee will undertake the duties incumbent upon him in order to ensure compliance with the commitments.
Neodvisni skrbnik bo izvajal naloge, ki jih mora opraviti, da se zagotovi izpolnjevanje teh zavez.
The Commission may, at its own initiative or at the request of the independent trustee, give any orders or instructions to the independent trustee in order to ensure compliance with the conditions and obligations attached to this Decision.
Komisija lahko na lastno pobudo ali na zahtevo neodvisnega skrbnika slednjemu da kakršne koli ukaze ali navodila, da se zagotovi izpolnjevanje pogojev in zavez, priloženih temu sklepu.
The independent trustee:
Neodvisni skrbnik bo:
will propose in his first report to the Commission a detailed work plan describing how he intends to monitor compliance with the obligations and conditions attached to this Decision;
v prvem poročilu Komisiji predlagal podroben načrt dela, v katerem bo opisal, na kakšen način bo spremljal izpolnjevanje zavez in pogojev, priloženih temu sklepu;
will monitor compliance with the conditions and obligations attached to this Decision;
spremljal izpolnjevanje zavez in pogojev, priloženih temu sklepu;
will provide the Commission and the Belgian authorities with the written report within 50 working days from the end of each year and half-year.
Komisiji in belgijskim organom v 50 delovnih dneh po koncu vsakega leta in polletja poslal pisno poročilo.
Replacement, discharge and reappointment
Zamenjava, razrešitev in ponovno imenovanje
If the independent trustee ceases to perform his functions pursuant to the commitments, or for any other good cause, including the exposure of the independent trustee to a conflict of interest:
Če neodvisni skrbnik preneha opravljati svoje naloge v okviru zavez ali zaradi kakršnega koli drugega dobrega razloga, vključno z izpostavljenostjo neodvisnega skrbnika navzkrižju interesov,
the Commission may, after hearing the independent trustee, require the Belgian authorities to replace the independent trustee, or
lahko Komisija, potem ko ji neodvisni skrbnik navede svoje razloge, od belgijskih organov zahteva, naj ga zamenja, ali
the Belgian authorities, with the prior approval of the Commission, may replace the independent trustee.
lahko neodvisnega skrbnika zamenjajo belgijski organi po predhodni odobritvi Komisije.
If the independent trustee is removed pursuant to recital 302, he may be required to continue in his function until a new independent trustee is in place to whom the independent trustee removed has effected a full handover of all relevant information.
Če je neodvisni skrbnik razrešen v skladu z uvodno izjavo 302, se lahko od njega zahteva, naj svojo funkcijo opravlja, dokler je ne prevzame novi neodvisni skrbnik, ki mu razrešeni skrbnik preda vse pomembne informacije.
The new independent trustee will be appointed in accordance with the procedure referred to in recital 298.
Novi neodvisni skrbnik je imenovan v skladu s postopkom iz uvodne izjave 298.
Over and above the removal according to recital 302, the independent trustee will cease to act as independent trustee only after the Commission has discharged him from his duties after all the commitments with which the independent trustee has been entrusted have been complied with.
Neodvisni skrbnik bo razen razrešitve v skladu z uvodno izjavo 302 prenehal opravljati svojo funkcijo šele po tem, ko ga Komisija razreši njegovih nalog, ko so izpolnjene vse obveznosti, ki so bile naložene neodvisnemu skrbniku.
THE ELAS GRANTED BY THE FRENCH AND BELGIAN CENTRAL BANKS TO DBB/BELFIUS AND DCL
IZREDNA LIKVIDNOSTNA POMOČ, KI JO JE BANKI DBB/BELFIUS DODELILA BANKA BNB, BANKI DCL PA BANKA BDF
On 21 October 2011, Belgium notified to the Commission a measure under which DBB/Belfius could draw on the ELA guaranteed by the Belgian State in order to enable DBB/Belfius to grant financing to DCL.
Belgija je Komisiji 21. oktobra 2011 priglasila ukrep, po katerem bi lahko banka DBB/Belfius črpala izredno likvidnostno pomoč, za katero jamči Belgija, da bi lahko ta banka banki DCL odobrila financiranje.
From 5 October 2011, the BNB made funds available to DBB/Belfius in the form of ELA.
Nacionalna banka Belgije (v nadaljnjem besedilu: banka BNB) je od 5. oktobra 2011 banki DBB/Belfius zagotavljala sredstva v obliki izredne likvidnostne pomoči.
In accordance with the Law of 22 February 1998 establishing the Statute of the National Bank of Belgium (‘BNB’), the Belgian State guarantees to repay to the BNB any financing granted as part of its contribution to the stability of the financial system and guarantees the BNB against any loss incurred following any operation necessary for that purpose.
Belgija v skladu z Zakonom z dne 22. februarja 1998 o uvedbi statuta banke BNB jamči, da bo banki BNB povrnila vsako financiranje, odobreno kot del njenega prispevka k stabilnosti finančnega sistema, in jamči banki BNB za vsako izgubo, nastalo po kakšni koli transakciji, ki je potrebna za ta namen.
That guarantee is enforceable.
To jamstvo je izvršljivo.
On 6 October 2011, the Governing Council of the ECB raised no objections to the ELA measure in favour of DBB/Belfius and DCL by the BNB and the Banque de France (‘BdF’), capped at an amount of EUR […].
Svet ECB 6. oktobra 2011 ni vložil ugovora zoper ukrep izredne likvidnostne pomoči v korist bankama DBB/Belfius in DCL, ki bi ga izvedli banka BNB in banka BdF, pri čemer je bil njen znesek omejen na […] EUR.
According to the Belgian authorities, the BNB and the BdF had agreed equally to share the risks and the net revenue of the ELA granted to the Dexia Group.
Belgijski organi so navedli, da sta se banka BNB in banka BdF dogovorili o enakomerni delitvi tveganj in čistega prihodka iz izredne likvidnostne pomoči za skupino Dexia.
This ELA would benefit from a pledge by the BNB on the ineligible debts of DBB/Belfius and by the BdF on the ineligible debts and securities of DCL to which ‘appropriate’ haircuts would be made.
Ta izredna likvidnostna pomoč bi bila upravičena do zaveze banke BNB glede neupravičenih dolgov banke DBB/Belfius ter zaveze banke BdF glede neupravičenih dolgov in vrednostih papirjev banke DCL, pri katerih bi bili izvedeni „primerni“ odbitki.
The Commission was not informed of the extent of these haircuts.
Komisija ni bila obveščena o obsegu teh odbitkov.
The following table, taken from the notification of the initial resolution plan (forming the subject matter of the decision to extend the procedure), gives information on the date of grant, the amount and the maturity of the ELA granted by the BNB to DBB/Belfius up to 17 October 2011.
V naslednjo razpredelnico iz priglasitve prvotnega načrta reševanja skupine Dexia (ki se obravnava v sklepu o razširitvi postopka) so vključene informacije o datumu odobritve, znesku in zapadlosti izredne likvidnostne pomoči, ki jo je banka BNB do 17. oktobra 2011 odobrila banki DBB/Belfius.
A detailed description of the ELA conditions is included in Belgium’s notification of 21 October 2011.
V priglasitev Belgije z dne 21. oktobra 2011 je zajet podroben opis pogojev za izredno likvidnostno pomoč.
A document from the Belgian authorities of 29 June 2012 responding to the Commission’s questions of April, May and June 2012 on the business plan for Belfius includes a table setting out the ELA in favour of DBB/Belfius, including during a period subsequent to its purchase by the Belgian State.
V dokument belgijskih organov z dne 29. junija 2012, v katerem so odgovori na vprašanja Komisije iz aprila, maja in junija 2012 o poslovnem načrtu za družbo Belfius, je vključena razpredelnica z opredelitvijo izredne likvidnostne pomoči v korist banke DBB/Belfius, vključno v obdobju po njenem nakupu, ki ga je opravila Belgija.
Figure 7
Graf 7
Level of ELA in favour of DBB/Belfius from 5 October to 1 February 2012
Stopnja izredne likvidnostne pomoči v korist banki DBB/Belfius od 5. oktobra do 1. februarja 2012
It should be noted that the Dexia Group no longer received ELA via DBB/Belfius after that entity had been sold to the Belgian State on 20 October 2011.
Opozoriti je treba, da skupina Dexia ni več prejemala izredne likvidnostne pomoči prek banke DBB/Belfius, potem ko je bil ta subjekt 20. oktobra 2011 prodan Belgiji.
In their notification of 21 October 2011 concerning the ELA granted to DCL by the BNB under the ‘ELA Framework Agreement’ of 5 October 2011 between the BNB and DBB, the Belgian authorities referred to a provisional agreement on the sharing of the ELA-related income and losses:
Belgijski organi so se v svoji priglasitvi z dne 21. oktobra 2011 glede izredne likvidnostne pomoči, ki jo je banka BNB dodelila banki DCL po „okvirnem sporazumu o izredni likvidnostni pomoči“ z dne 5. oktobra 2011 med banko BNB in družbo DBB, sklicevali na začasno pogodbo o delitvi prihodkov in odhodkov, povezanih z izredno likvidnostno pomočjo:
BNB and BdF have provisionally agreed (but have not yet signed the relevant agreement) to share the risk as well as the net income of the ELA provision to the Dexia Group on a 50/50 basis’.
Banka BNB in banka BdF sta se začasno dogovorili (a zadevne pogodbe še nista podpisali), da si bosta v razmerju 50: 50 delili tveganja ter čisti dobiček pri zagotavljanju izredne likvidnostne pomoči skupini Dexia“.
Following an e-mail question of 19 April 2012 from the Commission’s services to the Belgian authorities in relation to the equal sharing of the ELA-related risks and income between the Belgian and French central banks, the Belgian authorities said that a guarantee agreement had been signed by both central banks on 2 February 2012.
Potem ko so službe Komisije belgijskim organom 19. aprila 2012 poslale vprašanje po elektronski pošti glede enakomerne delitve tveganj in prihodkov, povezanih z izredno likvidnostno pomočjo, med banko BNB in banko BdF, so belgijski organi navedli, da sta pogodbo o jamstvu 2. februarja 2012 podpisali obe centralni banki.
‘Whereas the BdF and the BNB have agreed, where necessary, to grant loans to Dexia Crédit Local (DCL) and Dexia Banque Belgique (DBB) in order to provide emergency liquidity to those credit institutions and to share any income and losses arising therefrom on a 50/50 basis;
„Ob upoštevanju tega, da sta se banka BdF in banka BNB dogovorili, da po potrebi odobrita posojila banki Dexia Crédit Local (DCL) in banki Dexia Banque Belgique (DBB), da tema kreditnima institucijama zagotovita izredno likvidnost, ter da si v razmerju 50: 50 delita vsak prihodek in izgubo, ki iz tega izhaja;
The Banque de France:
se banka BdF:
undertakes to repay to the BNB, 50 % of any loss arising, after provision of the securities and other guarantees set out in paragraphs 3, 6 and 7, from a default by DBB in respect of the ELA provision to DBB;
zavezuje, da bo banki BNB po zagotovitvi vrednostnih papirjev in drugih jamstev iz odstavkov 3, 6 in 7 povrnila 50 % vsake nastale izgube, če družba DBB ne bi izpolnila svojih obveznosti glede zagotavljanja izredne likvidnostne pomoči družbi DBB;
The Banque nationale de Belgique:
se banka BNB:
undertakes to repay to the BdF, 50 % of any loss arising, after provision of the securities and other guarantees set out in paragraphs 3, 6 and 7, from a default by DCL in respect of the ELA provision to DCL; […]’
zavezuje, da bo banki BdF po zagotovitvi vrednostnih papirjev in drugih jamstev iz odstavkov 3, 6 in 7 povrnila 50 % vsake nastale izgube, če banka DCL ne bi izpolnila svojih obveznosti glede zagotavljanja izredne likvidnostne pomoči banki DCL; […]“.
GROUNDS FOR INITIATING FORMAL INVESTIGATION PROCEDURES
RAZLOGI ZA ZAČETEK FORMALNEGA POSTOPKA PREISKAVE
GROUNDS FOR INITIATING A FORMAL INVESTIGATION PROCEDURE INTO THE SALE AND RESTRUCTURING OF DBB/BELFIUS
RAZLOGI ZA ZAČETEK FORMALNEGA POSTOPKA PREISKAVE GLEDE PRODAJE IN PRESTRUKTURIRANJA BANKE DBB/BELFIUS
The Commission initiated a procedure in respect of the purchase of DBB/Belfius by the Belgian State as it considered that this operation could contain State aid incompatible with the internal market.
Komisija je začela postopek glede nakupa banke DBB/Belfius, ki ga je opravila Belgija, saj je menila, da bi lahko bila v to transakcijo vključena državna pomoč, ki ni združljiva z notranjim trgom.
The Commission observed that the purchase price paid by the Belgian State to acquire all the shares of DBB/Belfius had been evaluated on the basis of balance sheet and profit and loss account data as at 30 June 2011 which did not therefore include the negative impact of the most recent developments in the financial situation of DBB/Belfius (withdrawals of deposits and the latest increase in the intragroup financing needed to constitute the cash collateral to cover derivative-related transactions).
Komisija je ugotovila, da je bila nakupna cena, ki jo je za pridobitev vseh delnic banke DBB/Belfius plačala Belgija, ocenjena na podlagi bilance stanja in podatkov iz izkaza poslovnega izida z dne 30. junija 2011, v kar torej ni bil vključen negativen učinek najnovejšega razvoja v finančnem stanju banke DBB/Belfius (dvigi vlog in zadnje povečanje financiranja znotraj skupine, ki je bilo potrebno kot zavarovanje z denarnimi sredstvi za kritje transakcij, povezanih z izvedenimi finančnimi instrumenti).
The evaluation was also based on the financial forecasts for DBB/Belfius which Dexia had supplied without undertaking the due diligence generally carried out for this kind of operation.
Ocena je temeljila tudi na finančnih napovedih za banko DBB/Belfius, ki jih je zagotovila skupina Dexia brez potrebne skrbnosti, ki se običajno izvaja pri tovrstnih transakcijah.
The Commission also stressed that the purchase was coupled with a set of parameters which could mean that the price paid was not in line with the market investor economy principle, especially the fact that a profit-sharing mechanism would be initiated if DBB/Belfius was sold at a profit to another investor within five years and the fact that the Belgian State was immunising Dexia against any loss arising from the problems that certain of its shareholders (Arco, Ethias and Holding Communal) could encounter.
Komisija je tudi poudarila, da je bil nakup povezan s sklopom parametrov, kar bi lahko pomenilo, da plačana cena ni bila skladna z načelom vlagatelja v tržnem gospodarstvu, zlasti z dejstvom, da bi se začel izvajati mehanizem delitve dobička, če bi se banka DBB/Belfius drugemu vlagatelju v petih letih prodala z dobičkom, ter dejstvom, da je Belgija skupini Dexia zagotovila zaščito pred kakršnimi koli izgubami, nastalimi zaradi težav, ki bi jih imele določene njene delničarke (družbe Arco, Ethias in Holding Communal).
The Commission was not therefore convinced that the price paid by the Belgian State, combined with the other measures in favour of Dexia under discussion with the latter (especially the refinancing guarantee), was appropriate and ensured adequate burden-sharing.
Komisija zato ni bila prepričana, da so bili cena, ki jo je plačala Belgija, ter drugi ukrepi v korist skupine Dexia, obravnavani v zvezi z njo (zlasti jamstvo za refinanciranje), ustrezni in da so zagotavljali primerno delitev bremena.
The Commission also observed that, even if the purchase of DBB/Belfius helped to restore its viability, the measure included continued financing from DBB/Belfius to Dexia and its subsidiaries, which had been ‘intragroup’ until then, for amounts representing some 24 % of the balance sheet of DBB/Belfius.
Komisija je prav tako ugotovila, da je nakup banke DBB/Belfius sicer prispeval k obnovi njenega uspešnega poslovanja, vendar je bilo v ukrep vključeno nadaljnje zagotavljanje financiranja banki DBB/Belfius skupini Dexia in njenim odvisnim družbam, ki je bilo do tedaj znotraj skupine, v zneskih, ki so pomenili približno 24 % bilance stanja banke DBB/Belfius.
These provisions could have a substantial impact on the future profitability and long-term viability of DBB/Belfius if the remainder of the Group were to record losses in the future.
To zagotavljanje financiranja bi lahko imelo bistven vpliv na prihodnjo donosnost in dolgoročno uspešno poslovanje banke DBB/Belfius, če bi preostala skupina Dexia v prihodnosti evidentirala izgube.
For Dexia, moreover, the purchase of DBB/Belfius was not enough on its own to restore the long-term viability of the Dexia Group as a whole, hence the other measures that the Member States concerned were envisaging at that time.
Vendar za obnovo dolgoročnega uspešnega poslovanja celotne skupine Dexia ni bil dovolj le nakup banke DBB/Belfius, zato so zadevne države članice tedaj predvidele tudi druge ukrepe.
The Commission also observed that the purchase of DBB by the Belgian State was taking place in a broader framework of new measures in favour of Dexia SA in respect of which it had not, at the time of initiating the investigation procedure into the sale of DBB, received any detailed information.
Komisija je prav tako ugotovila, da se je nakup družbe DBB, ki ga je opravila Belgija, izvajal v širšem okviru novih ukrepov v korist družbi Dexia SA, glede katerih pa ob začetku formalnega postopka preiskave o prodaji družbe DBB ni prejela nobenih podrobnih informacij.
Lastly, the Belgian authorities had asked the Commission to release DBB/Belfius (post-sale) as far as possible from the commitments included in the restructuring plan for Dexia approved by the Commission in its conditional authorisation decision.
Belgijski organi so Komisijo prosili, naj družbo DBB/Belfius (po prodaji) čim bolj odveže od zavez, vključenih v načrt prestrukturiranja skupine Dexia, ki ga je Komisija odobrila v sklepu o pogojnem dovoljenju.
The Commission pointed out that, if the purchase of DBB/Belfius was found to include elements of State aid, the distortions of competition caused by this aid could not then be remedied as the Belgian authorities had not proposed any measures in this respect.
Če bi se ugotovilo, da so v nakup banke DBB/Belfius vključeni elementi državne pomoči, potem po navedbah Komisije izkrivljanja konkurence, ki bi ga povzročila ta pomoč, ne bi bilo mogoče odpraviti, saj belgijski organi v zvezi s tem niso predlagali nobenih ukrepov.
Concerning Dexia and its subsidiaries, the Commission had pointed out in its opening decision on the sale of DBB that it was unable to determine whether any distortion of competition caused by the potential aid elements of the measure could be duly remedied.
Komisija je glede skupine Dexia in njenih odvisnih družb v sklepu o začetku postopka glede prodaje banke DBB/Belfius poudarila, da ni mogla ugotoviti, ali bi se ustrezno odpravilo kakršno koli izkrivljanje konkurence, ki bi ga povzročili morebitni elementi pomoči ukrepa.
GROUNDS FOR INITIATING AND EXTENDING A FORMAL INVESTIGATION PROCEDURE CONCERNING DEXIA AFTER THE CONDITIONAL DECISION
RAZLOGI ZA ZAČETEK IN RAZŠIRITEV FORMALNEGA POSTOPKA PREISKAVE GLEDE SKUPINE DEXIA PO SKLEPU O POGOJNEM DOVOLJENJU
In its temporary approval decision in respect of a new temporary refinancing guarantee in favour of Dexia SA and DCL, the Commission initiated a new investigation procedure, considering that ‘the temporary refinancing guarantee, like the purchase of DBB and other future aid measures, is additional aid substantially modifying the restructuring conditions’ approved by the conditional authorisation decision.
Komisija je s sklepom o začasni odobritvi novega začasnega jamstva za refinanciranje družb Dexia SA in DCL začela nov postopek preiskave, pri čemer je navedla, da „pomeni začasno jamstvo za refinanciranje, tako kot nakup družbe DBB in prihodnji ukrepi pomoči, dodatno pomoč, s katero se bistveno spreminjajo pogoji prestrukturiranja“, odobreni v sklepu o pogojnem dovoljenju.
One of the key elements of this plan was the sale of DMA to a new entity approved as a credit institution in which the CDC, DCL and the French State were to be shareholders.
Eden od ključnih elementov tega načrta je bila prodaja družbe DMA novemu subjektu, odobrenemu kot kreditna institucija, katere delničarke bi bile hranilnica in posojilnica CDC, banka DCL ter Francija.
The Commission was also aware of information suggesting that Arcofin’s contribution to the recapitalisation of Dexia, approved by the conditional authorisation decision, had been decided on the basis of a scheme by the Belgian State to guarantee the individual members of financial cooperatives, including those of Arcofin.
Komisija je poznala tudi informacijo, da je prispevek družbe Arcofin k dokapitalizaciji skupine Dexia, odobren s sklepom o pogojnem dovoljenju, krit z jamstvom Belgije v korist finančnih zadrug, vključno z družbo Arcofin.
In the light of this information, the Commission considered that its finding that Arcofin’s contribution did not constitute State aid because it did not involve State resources, could well be based on incorrect information.
Komisija je na podlagi te informacije menila, da bi njena ugotovitev v zvezi s tem, da prispevek družbe Arcofin ni državna pomoč, ker ni vključeval državnih sredstev, lahko temeljila na napačnih informacijah.
In the decision to extend the procedure, the Commission initiated a formal investigation procedure following a number of failures by Dexia to comply with certain commitments in the conditional decision (see recital 47 of this Decision).
Potem ko skupina Dexia ni izpolnila določenih zavez iz sklepa o pogojnem dovoljenju (glej uvodno izjavo 47 tega sklepa), je Komisija s sklepom o razširitvi postopka začela formalni postopek preiskave.
On 21 and 22 March 2012, the Member States concerned notified to the Commission an initial version of the orderly resolution plan for the Dexia Group.
Zadevne države članice so Komisiji 21. in 22. marca 2012 priglasile prvotno različico načrta nadzorovanega reševanja skupine Dexia.
The decision to extend the procedure provided for in Article 108(2) TFEU concerned this initial version of the orderly resolution plan for the Dexia Group.
Sklep o razširitvi postopka iz člena 108(2) PDEU se je nanašal na to prvotno različico načrta nadzorovanega reševanja skupine Dexia.
In the view of the Commission, the initial version of the orderly resolution plan included the following potential State aid:
Po mnenju Komisije je ta prvotna različica načrta nadzorovanega reševanja skupine Dexia vključevala morebitno državno pomoč, in sicer:
the ELA granted by the BNB to DBB/Belfius and 50 % of the ELA granted by the BdF to DCL;
izredno likvidnostno pomoč, ki jo je banka BNB dodelila družbi DBB/Belfius, in 50 % izredne likvidnostne pomoči, ki jo je banka BdF dodelila banki DCL,
the future ‘final’ refinancing guarantee by the Member States concerned in favour of Dexia SA and DCL, for a maximum amount in principal of EUR 90 billion;
prihodnje „končno“ jamstvo za refinanciranje zadevnih držav članic v korist družbe Dexia SA in banke DCL, pri čemer je najvišji znesek glavnice znašal 90 milijard EUR,