natgillin/translations-raw huggingface dataset:
The precedence of the public mandate and the related public controls are recognised in the constitution of the FITD [71], according to which all support measures must comply with the concurrent conditions that there must be a reasonable prospect of recovery and that the cost to the Fund may be presumed to be less than would be incurred by measures taken in the event of liquidation (the ‘least-cost principle’).
V nasprotnem primeru izvajanje pooblastil, ki jih ima Banca d'Italia v zvezi z ukrepi FITD za zagotovitev stabilnosti finančnega sistema in zaščite vlagateljev, ne bi bilo učinkovito.
Those concurrent conditions mean that a decision to take support measures is permissible only if it allows the FITD to fulfil its public mandate of protecting depositors.
V praksi je odobritev potrebna v fazi, ko ima FITD še možnost, da predlagani ukrep znova oceni in spremeni, če mu Banca d'Italia nasprotuje.
That precedence is corroborated by the requirement of approval by the Banca d'Italia in accordance with the Banking Act.
Odobritve ni mogoče obravnavati kot ukrep, ki se sprejme po odločitvi FITD za posredovanje (kot navajajo Italija, FITD, Tercas in BPB [79]).
In addition, the Banking Act provides the Banca d'Italia with wide-ranging powers over deposit guarantee schemes:
Dejstvo, da Banca d'Italia sodeluje na vseh sejah sveta in izvršnega odbora FITD kot opazovalka [80], je pomembno v povezavi s tem (v nasprotju s trditvami Italije, FITD, Tercas in BPB [81]), saj je mogoče domnevati, da to dejstvo omogoča, da Banca d'Italia že zelo zgodaj izrazi skrbi v zvezi z načrtovanim posredovanjem.
point (d) of Article 96-ter(1) of the Banking Act, provides that the Banca d'Italia must ‘authorise the interventions of the guarantee schemes’;
Javni organi so skratka pooblaščeni za to, da začnejo ukrep na svojo zahtevo, na podlagi svojega pooblastila za odobritev vsebine ukrepa pa vplivajo nanj, preden se v zvezi z njim dejansko sprejme odločitev.
point (b) of Article 96-ter(1) of the Banking Act provides that the Banca d'Italia is to ‘coordinate the activity of the guarantee schemes with the rules governing banking crises and with its own supervisory activity’ [72];
Njihov vpliv v postopku dodatno utrjuje njihova navzočnost na vseh sejah, na katerih se sprejemajo odločitve in na katerih lahko izrazijo morebitne skrbi.
point (a) of Article 96-ter(1), of the Banking Act provides that the Banca d'Italia is to ‘recognise guarantee schemes, approving their constitutions, provided that the schemes do not have characteristics which could lead to an unbalanced distribution of insolvency risks in the banking system’ [73];
Kljub temu in čeprav je treba odobritev Banca d'Italia načeloma obravnavati kot predhodni ukrep in ne naknadni [82], Komisija poudarja, da se lahko tudi naknadni nadzor šteje za enega od kazalnikov pripisljivosti državi, navedenih v zadevi Stardust Marine.
point (h) of Article 96-ter(1) of the Banking Act provides that the Banca d'Italia ‘can make rules implementing the rules set out’ in Section IV of the Banking Act, on deposit guarantee schemes [74].
Pooblastila, ki so na voljo javnim organom, so se dejansko izvajala v zvezi s sprejetjem obravnavanih ukrepov podpore:
In addition to the powers over the FITD thus given to the Banca d'Italia by the Banking Act, only banks under special administration qualify for FITD support measures [75].
iz dokumentov, ki jih je Italija poslala Komisiji, je razvidno, da je Banca d'Italia odobrila zadevne ukrepe za Tercas ob upoštevanju interesov vlagateljev in strank v smislu člena 96b(1)(d) zakona o bančništvu [83].
A bank is put into special administration, on a proposal from the Banca d'Italia, by an order made by the Ministry of Economic Affairs and Finance.
Banca d'Italia je torej odobrila zadevne ukrepe FITD ob upoštevanju posebnih določb nacionalnega javnega prava.
At that stage, according to the FITD's constitution, ‘the Fund shall intervene … in cases of special administration of member banks authorised to do business in Italy’ [76].
Pogajanja med BPB in posebnim upraviteljem Tercas so bila opravljena „ob usklajevanju z Banko Italije“ [84].
Only the special administrator of the bank can send the FITD a request for intervention, and the request must then be approved by a meeting of the bank's shareholders.
Banca d'Italia je FITD „pozvala“ k „prizadevanju za uravnotežen sporazum z BPB“ za kritje negativnega lastniškega kapitala Tercas ob upoštevanju morebitnega negativnega učinka likvidacije Tercas in njene hčerinske družbe Caripe [85].
The special administrator is a public official, who represents the public interest and is appointed and supervised by the Banca d'Italia.
Komisija sklepa, da v nasprotju z razmerami v zadevi Doux Élevage, v kateri je Sodišče ugotovilo, da je organizacija popolnoma sama določila cilje in namene posredovanja, v obravnavani zadevi FITD zagotovo ne določa ciljev in namenov posredovanja popolnoma sam.
The Banca d'Italia also has the power to recall or replace the special administrator [77], and to give instructions imposing specific safeguards and limitations on the management of the bank [78].
Podrobno se določijo v skladu z javnim pooblastilom, ki ga ima FITD na podlagi zakona o bančništvu, vsebinsko pa jih nadzorujejo javni organi.
Intervention on the part of the FITD is thus initiated by a public official under the control of the Banca d'Italia.
FITD se dejansko lahko odloči, da ne bo posredoval, kar pa ne vpliva na ugotovitev Komisije v zvezi z ukrepom, ki ga je FITD dejansko sprejel.
Regarding the power to authorise action by deposit guarantee schemes, the Commission observes that the concept of authorisation calls for an administrative act which necessarily precedes the entry into force of the measure to be authorised.
Poleg pomembnega javnega nadzora, dokazanega zgoraj, mora Komisija poudariti obvezno naravo prispevkov k sredstvom FITD, uporabljenim pri posredovanju.
Otherwise the exercise of the Banca d'Italia's powers in respect of FITD measures to ensure the stability of the financial system and the protection of depositors would be ineffective.
Kot je opisano v razdelku 2.3, je članstvo v FITD za italijanske banke obvezno [86].
In practice, authorisation has to occur at a stage where the FITD can still reconsider and amend the proposed measure if the Banca d'Italia objects to it.
V zvezi s tem je sklicevanje na Fondo di Garanzia dei Depositanti del Credito Cooperativo (glej uvodno izjavo 70), ki naj bi potrjevalo domnevno prostovoljno naravo članstva v FITD, napačno, saj se v skladu z zakonom o bančništvu [87] od italijanskih zadružnih bank zahteva, da v okviru svoje mreže ustanovijo poseben sistem jamstva za vloge: posledično zadružne banke ne morejo biti članice FITD, banke, ki niso zadružne banke, pa ne morejo biti članice Fondo di Garanzia dei Depositanti del Credito Cooperativo in se morajo včlaniti v FITD.
Authorisation cannot be considered as occurring after the FITD's decision to intervene (as suggested by Italy, the FITD, Tercas and BPB [79]).
Zato določba statuta FITD [88], v skladu s katero lahko banke članice prekličejo svoje članstvo in ki so jo zainteresirane strani poudarile v svojih pripombah (glej uvodno izjavo 70), pomeni zgolj teoretično možnost, ki torej v praksi ni izvedljiva, saj se navedene banke ne morejo včlaniti v noben drug priznan sistem jamstva za vloge.
The fact that the Banca d'Italia participates as an observer in all meetings of the Board and the Executive Committee of the FITD [80] is material in that connection (contrary to claims of Italy, the FITD, Tercas and BPB [81]), as it can be supposed to enable the Banca d'Italia to voice any concerns about planned intervention at an early stage.
Poleg tega odločitev o sprejetju ukrepov podpore sprejmejo upravljavski organi FITD.
In summary, the public authorities have the power to initiate action at their request, and by virtue of their power to authorise the substance of the action they influence the action before it is actually decided.
Ne glede na to, kakšni so posamezni interesi bank članic, ne morejo dati veta na takšno odločitev niti odstopiti od ukrepov [89] ter morajo prispevati k financiranju ukrepa, o katerem je bila sprejeta odločitev.
Their influence is procedurally embedded further by their presence in all decision-making meetings, where they are able to voice any concerns.
Dejstvo, da se takšna sredstva ne evidentirajo v bilanco stanja FITD, temveč v ločene račune, je zgolj formalnost, saj jih neposredno upravlja FITD.
Nonetheless, and even though the Banca d'Italia's authorisation must in principle be considered to be ex ante rather than ex post [82], the Commission points out that even ex post control can be considered among the set of indicators of imputability referred to in Stardust Marine.
Komisija na podlagi tega sklepa, da je posredovanje pripisljivo FITD in ne njegovim članicam ter da so sredstva, uporabljena za izvajanje ukrepov, sredstva FITD in ne lastna sredstva bank članic.
The powers available to the public authorities were in fact exercised in connection with the adoption of the support measures at issue:
Ker so torej članstvo v FITD in prispevki za ukrepe podpore, o katerih odloča FITD, obvezni, Komisija ugotavlja, da morajo banke v Italiji za to, da delujejo kot banke, ki niso zadružne, v skladu z italijansko zakonodajo prispevati k stroškom podpornih ukrepov FITD.
The documents communicated by Italy to the Commission show that the Banca d'Italia authorised the specific measures for Tercas having regard to the interests of depositors and clients within the meaning of Article 96-ter(1)(d) of the Banking Act [83].
Sredstva za financiranje takšnih ukrepov podpore se očitno naložijo, upravljajo in porazdelijo v skladu z zakonodajo in drugimi javnimi predpisi, zato imajo javni značaj.
Thus the Banca d'Italia authorised the specific FITD measures in the light of specific provisions of national public law.
V skladu s tem Komisija ugotavlja, da v zadevnem primeru italijanski organi načeloma in v praksi izvajajo stalni nadzor skladnosti uporabe sredstev FITD z javnimi cilji ter vplivajo na to, kako FITD uporablja navedena sredstva.
The negotiations between BPB and the special administrator of Tercas were conducted ‘in coordination with the Bank of Italy’ [84].
Zlasti glede na to, da so javni organi uradno pooblaščeni, da zahtevajo posredovanje in odobrijo vsebino sprejetih ukrepov v zvezi s skladnostjo z javnim pooblastilom (glej uvodno izjavo 126), Komisija ugotavlja, da se vloga Banca d'Italia ne more šteti za omejeno na izključno informativno ali zgolj za formalen nadzor pravilnosti in skladnosti z zakonom [90].
The Banca d'Italia ‘invited’ the FITD ‘to look for a balanced agreement with BPB’ to cover Tercas's negative equity, taking account of the possible negative impact of the liquidation of Tercas and its subsidiary Caripe [85].
Sodišče je v zadevi Doux Élevage poudarilo zlasti, da obvezna narava prispevkov v navedeni zadevi ni „odvisna od zasledovanja konkretnih političnih ciljev, ki bi jih določili in opredelili javni organi“.
The Commission concludes that in contrast to the situation in Doux Élevage, where the Court found that the aims and purposes of intervention were determined entirely by the organisation, in this case the aims and purposes of the intervention are certainly not determined entirely by the FITD.
V nasprotju s tem so ukrepi FITD dejansko odvisni od konkretnih javnih ciljev, ki jih določijo in opredelijo javni organi, pri čemer jih navedeni cilji, predvsem cilji politike v zvezi z zaščito vlagateljev, tudi usmerjajo.
They are laid down in detail by its public mandate under the Banking Act, and in substance they are controlled by the public authorities.
Zadevni ukrepi so pod nadzorom Banca d'Italia, zato se ta nadzor med drugim izvaja ob upoštevanju ciljev Banca d'Italia, vključno z ohranitvijo stabilnosti finančnega sistema.
The FITD is indeed free not to intervene, but that does not affect the Commission's conclusion regarding the action actually taken by the FITD.
V zvezi s tem je treba opozoriti na naslednje:
In addition to the substantial public control demonstrated above, the Commission must underline the mandatory nature of the contributions to the FITD resources used in intervention.
pomembnost vloge Banca d'Italia pri zagotavljanju stabilnosti italijanskega bančnega sistema in zaščiti vlagateljev;
As described in Section 2.3, membership of the FITD is mandatory for Italian banks [86].
široka pooblastila, ki jih lahko Banca d'Italia izvaja za zagotovitev, da FITD upošteva navedene zahteve.
In that respect, the reference to the Fondo di Garanzia dei Depositanti del Credito Cooperativo (see recital 70), intended to corroborate the alleged voluntary nature of membership of the FITD, is erroneous, since under the Banking Act [87] Italian mutual banks are required to establish a distinct deposit guarantee scheme within their own network: as a consequence, mutual banks cannot be members of the FITD, and conversely, non-mutual banks cannot be members of the Fondo di Garanzia dei Depositanti del Credito Cooperativo and must be members of the FITD.
Dejavniki iz uvodnih izjav 127 do 131 (zakonodaja, v skladu s katero Banca d'Italia izvaja strog nadzor nad organizacijo in jo usklajuje za zagotovitev, da FITD prispeva k izpolnjevanju pomembnih javnih ciljev) kažejo, da ima FITD izreden pravni status v primerjavi z običajnimi zasebnimi konzorciji na podlagi italijanske zakonodaje ter da njegov namen, ki temelji na njegovem javnem pooblastilu, očitno presega na primer namen CIDEF [91], ki je bil ocenjen v sodbi v zadevi Doux Élevage.
Hence the provision of the FITD's constitution [88] allowing member banks to withdraw their membership, which has been highlighted by the interested parties in their comments (see recital 70), is a mere theoretical possibility that cannot be put into effect, since those banks cannot become members of any other recognised deposit guarantee scheme.
Tak izredni status je veljaven kazalnik pripisljivosti po preskusu iz zadeve Stardust Marine.
Moreover, the decision to take support measures is taken by the governing bodies of the FITD.
Ob upoštevanju dejavnikov, navedenih zgoraj, je iz vsebine, usmerjenosti in predmeta ukrepov razvidno, da je verjetnost, da javni organi ne bi vplivali na njihovo sprejetje, zelo majhna.
Regardless of their individual interests, member banks can neither veto such a decision nor opt out of the measures [89], and have to contribute to the funding of the action decided.
Podjetje z ukrepi ni zgolj pridobilo konkurenčne prednosti, temveč se je izognilo propadu, in sicer zaradi javne podpore, zagotovljene z ukrepi 1, 2 in 3, opisanimi v uvodni izjavi 38, katere namen je bil zaščititi vlagatelje in stabilnost italijanskega bančnega sistema.
The fact that such resources are not recorded on the FITD's balance sheet, but in separate accounts, is a mere formality, since the resources are managed directly by the FITD.
Komisija v skladu s tem meni, da obstaja dovolj dokazov, da je ukrep pripisljiv državi in da se je financiral z javnimi sredstvi.
This leads the Commission to conclude that the intervention is imputable to the FITD and not to its members, and that the resources used to take measures are the FITD's resources and not the member banks' own.
Tudi če nekateri dejavniki, ki so po mnenju Komisije pomembni, sami po sebi ne bi zadostovali za utemeljitev ugotovitve, da so ukrepi pripisljivi državi, je iz uvodnih izjav 118 do 144 jasno, da dokazi, ki se v njih obravnavajo, če se upoštevajo skupaj, kažejo, da so ukrepi FITD, ki jih je ocenila Komisija, pripisljivi državi.
Therefore, since both membership of the FITD and contributions to support measures decided by the FITD are mandatory, the Commission concludes that in order to operate as a non-mutual bank in Italy it is mandatory under Italian law to contribute to the costs of FITD's support measures.
Kar zadeva pripombe Italije in zainteresiranih strani v zvezi s sklepom Komisije o pomoči za banki Banco di Sicilia in Sicilcassa, bi bilo treba najprej opozoriti, da je obstoj državne pomoči objektiven pojem in da ga ni mogoče določiti na podlagi domnevne prakse, ki naj bi jo Komisija sprejela v svojih sklepih, tudi če bi se dokazalo, da se ta praksa izvaja.
The resources used to finance such support measures are clearly required, managed and apportioned according to the law and other public rules, and consequently have a public character.
Poleg tega Komisija navaja, da so bili v obdobju, ko so bili odobreni ukrepi podpore za Tercas, pogoji, pod katerimi podpora iz sistema jamstva za vloge pomeni državno pomoč, podrobno opredeljeni in že objavljeni, leta 1999 pa še ne.
Accordingly, the Commission concludes that in the case at issue, both in principle and in practice, the Italian authorities exercise constant control of compliance in the use of the FITD's resources with public objectives, and influence the use of those resources by the FITD.
Nadalje Komisija v času, ko je bil sprejet sklep v zadevi Sicilcassa, še ni sprejela svoje ocene pripisljivosti ob upoštevanju ugotovitev sodišč Unije v zadevi Stardust Marine in poznejših sodbah.
In particular, given that the public authorities have the formal powers both to request intervention and to approve the substance of the action taken with respect to compliance with the public mandate (recital 126), the Commission concludes that the role of the Banca d'Italia cannot be considered as limited to a purely informative step or a mere formal check of validity and lawfulness [90].
V nasprotju s trditvami Italije in zainteresiranih strani je iz prakse, ki jo je Komisija izvajala v svojih sklepih v zvezi s posredovanjem sistemov jamstva za vloge [92], jasno razvidno, da imajo ukrepi FITD značaj državne pomoči.
In particular, the Court of Justice pointed out in Doux Élevage that the mandatory nature of the levies in that case was not dependent upon ‘the pursuit of political objectives which are specific, fixed and defined by the public authorities’.
Ob upoštevanju navedenega sklep v zadevi Sicilcassa nikakor ne utemeljuje sklicevanja na legitimna pričakovanja Italije in zainteresiranih strani.
But the FITD's actions are indeed dependent upon public objectives that are specific, fixed and defined by the public authorities, and controlled by them, notably the policy objectives of protecting depositors.
Selektivna prednost, ki izkrivlja konkurenco in prizadene trgovino med državami članicami
The measures at issue are under the supervision of the Banca d'Italia, and consequently they are supervised among other things in the light of the objectives of the Banca d'Italia, including the preservation of the stability of the financial system.
Z ukrepi podpore, ki jih je sprejel FITD, je Tercas pridobila selektivno prednost, FITD pa ni ravnal kot udeleženec v tržnem gospodarstvu.
Here, the following facts need to be recalled:
Ukrepi 1, 2 in 3, pri katerih donos ni pričakovan ali možen, niso ukrepi, ki bi jih sprejel udeleženec v tržnem gospodarstvu.
the importance of the Banca d'Italia's role in ensuring the stability of the Italian banking system and protecting depositors;
Iz njih je razvidno, da FITD ni ravnal kot udeleženec v tržnem gospodarstvu, temveč kot organ, ki izvaja javno pooblastilo [93].
the extensive powers that the Banca d'Italia can exercise to ensure that the FITD takes account of those requirements.
Vsi trije ukrepi pomenijo odobritev pomoči brez provizije, plačila ali povezanega donosa, njihov skupni učinek pa je bil, da Tercas ni izstopila s trga, kot bi najverjetneje morala, če take podpore ne bi prejela, kar pomeni, da je z njimi pridobila selektivno prednost.
The factors referred to in recitals 127 to 131 above (legislation that makes the organisation subject to tight control, and effective coordination by the Banca d'Italia in order to ensure that the FITD contributes to the achievement of major public objectives) show that the FITD enjoys an exceptional legal status compared to normal private consortia under Italian law, and that its purpose, witnessed by its public mandate, extends clearly beyond, for instance, that of the CIDEF [91], which was assessed in the Doux Élevage judgment.
Tudi če bi bila sprejeta trditev, da bi bilo treba ukrepe oceniti ob upoštevanju ravnanja udeleženca v tržnem gospodarstvu, ki je v podobnem položaju, bi morala zadevna država članica Komisiji vsekakor predložiti objektivne in preverljive dokaze o tem, da je odločitev temeljila na predhodni ekonomski oceni, primerljivi z oceno, ki bi jo lahko opravil razumen zasebni subjekt v podobnem položaju, da bi ugotovil prihodnjo donosnost ukrepa.
Such an exceptional status is a valid indicator of imputability under the Stardust Marine test.
V zadevnem primeru Komisija ni prejela dokazov o tem, da je FITD zahteval poslovni načrt ali izračun donosa od vloženega kapitala, kar sta temeljna pogoja za vsako odločitev o naložbi, ki jo sprejme zasebni subjekt.
In view of the factors mentioned above, the content, compass and object of the measures show how unlikely it is that the public authorities should have no hand in their adoption.
Italija in zainteresirane strani trdijo, da so bili navedeni ukrepi dejansko v skladu z načelom udeleženca v tržnem gospodarstvu [94], zlasti ker je lahko FITD z njimi omejil stroške, ki bi jim bil izpostavljen v nasprotnem primeru, tj. stroške povračil vlagateljem v fazi prisilne likvidacije Tercas.
Not only did the measures confer a competitive advantage on an undertaking, they prevented it from failing altogether, thanks to public support provided through measures 1, 2 and 3 described in recital 38, in order to protect depositors and the stability of the Italian banking system.
Zainteresirane strani trdijo še, da ukrepi FITD spadajo na področje zasebne avtonomije bank članic.
The Commission accordingly considers that there is sufficient evidence to show that the measure is imputable to the State and financed through public resources.
Komisija meni, da je jasno, da so ukrepi pripisljivi FITD, ki je pod nadzorom javnih organov (glej oceno v uvodnih izjavah 134 do 136), in ne bankam članicam.
Even if some of the factors to which the Commission has given weight, taken individually, did not by themselves suffice to justify the conclusion that the measures were imputable to the State, it is plain from recitals 118 to 144 that taken together the evidence considered there demonstrates that the measures assessed by the Commission show the imputability to the State of FITD's action.
Vsakršna primerjava z ukrepi, ki jih je FITD sprejel v obdobju, ko banke članice niso bile zakonsko zavezane, da postanejo članice FITD, je nepomembna, saj kot je pojasnjeno v uvodnih izjavah 134 do 135, banke članice zdaj nimajo možnosti, da odstopijo od posameznih ukrepov.
Regarding the comments put forward by Italy and the interested parties in relation to the Commission decision on the aid to Banco di Sicilia and Sicilcassa, it should first be recalled that the existence of State aid is an objective concept and cannot be determined on the basis of an alleged practice adopted by the Commission in its decisions, even if such a practice were to be demonstrated.
To dodatno otežuje mehanizem, opisan v uvodni izjavi 36, ki ga FITD uporablja za odločanje o takšnih ukrepih in ki daje tolikšno prednost velikim bankam [95], da se lahko odločitve o posredovanju sprejmejo, tudi če mu večina bank članic nasprotuje.
In addition, the Commission points out that at the time when the support measures for Tercas were approved, by contrast with 1999, the Commission had already developed and published in considerable detail the conditions under which support from a deposit guarantee scheme constitutes State aid.
Zadevni stroški torej izhajajo iz obveznosti, ki jih ima FITD kot sistem jamstva za vloge, ki ravna v skladu z javnim pooblastilom za zaščito vlagateljev.
Moreover, at the time of the Sicilcassa decision the Commission had not adapted its own assessment of imputability in the light of the findings of the Union law courts in Stardust Marine and subsequent rulings.
Udeležencu v tržnem gospodarstvu ne bi bilo treba izpolnjevati obveznosti, ki izhajajo iz javnega pooblastila, kot je obveznost povračila vlagateljem v primeru likvidacije Tercas.