natgillin/translations-raw huggingface dataset:
As for the decision on the restructuring of CAM and Banco CAM in Spain [34], the Spanish authorities made use of the financial assistance of the Fund for Orderly Bank Restructuring [35], a fund dedicated to aid for liquidation and controlled by the State and by the Spanish deposit guarantee fund.
Opozarjajo, da v sporočilu o bančništvu iz leta 2013 ni navedeno, da sistemi jamstva za vloge pomenijo državno pomoč, da Direktiva 94/19/ES ne vsebuje ničesar o združljivosti ukrepov, sprejetih namesto povračil vlagateljem, s pravili o državni pomoči ter da Direktiva 2014/49/EU izraža nevtralno stališče do združljivosti takšnih ukrepov s pravili o državni pomoči.
The Fund's decision to intervene was not an independent decision by the Fund, but was part of a wider restructuring and rescue operation decided upon and implemented by the Spanish authorities.
Te zainteresirane strani menijo, da je predhodna sklepna ugotovitev Komisije, da je ukrep FITD pripisljiv državi, temeljila zgolj na dejstvu, da se takšen ukrep zahteva z zakonom, medtem ko je Sodišče v zadevah PreussenElektra [36] in Doux Élevage [37] izrecno navedlo, da obveznost ukrepa, ki jo nalaga nacionalna zakonodaja, ni taka, da bi se štela za državno pomoč.
Observations from other interested parties
V zadevi Avstrijski zakon o električni energiji iz obnovljivih virov [38] je Splošno sodišče upoštevalo številne dodatne elemente, ki so kazali na razširjen vpliv in nadzor države nad ÖMAG, javno delniško družbo, odgovorno za upravljanje zadevnega ukrepa.
First, the other interested parties, namely the FITD, BPB and Tercas, make the general remark that the public character of the resources and imputability to the State are two distinct conditions, both of which must be fulfilled.
Te zainteresirane strani menijo, da je ob pravilnem razumevanju italijanske zakonodaje in mehanizmov FITD za odločanje o ukrepih podpore, katerih namen je preprečiti nepopravljive bančne krize, jasno, da so dokazi, ki jih navaja Komisija v podporo svoji predhodni sklepni ugotovitvi, da je bil ukrep FITD sprejet zaradi javnega pooblastila, nebistveni.
Hence, resources of private origin cannot be considered public as a result of an assessment that the use of those resources is imputable to the State.
Argument utemeljujejo na dejstvu, da člen 96a zakona o bančništvu določa zgolj, da sistemi jamstva lahko izvajajo druge vrste in oblike posredovanja [39].
These three interested parties submit that the Commission erred in stating that deposit guarantee schemes are extremely likely to provide State aid, since they act under a public mandate and remain under the control of the public authorities.
Ukrepi niso obvezni, kar pomeni, da ni povezave med ukrepom FITD in ciljem, opredeljenim v statutu FITD.
They point out that in the 2013 Banking Communication there is no mention of deposit guarantee schemes constituting State aid, that Directive 94/19/EC says nothing on the compatibility with the State aid rules of measures taken as an alternative to reimbursement of depositors, and that Directive 2014/49/EU takes a neutral position with regard to the compatibility of such measures with the State aid rules.
Tri zainteresirane strani opozarjajo, do so druge oblike ukrepov poleg povračila vlagateljem na voljo od ustanovitve FITD leta 1987, tj. so bile na voljo pred začetkom veljavnosti člena 96a zakona o bančništvu.
These interested parties consider that the Commission came to the preliminary conclusion that the action taken by the FITD was imputable to the State on the mere ground that such action was required by law, while in PreussenElektra [36] and Doux Élevage [37] the Court of Justice expressly ruled that the fact that a measure was imposed by national law was not capable of conferring upon it the character of State aid.
FITD trdi, da je subjekt zasebnega prava, ki ga nadzorujejo in upravljajo banke članice, ter da ravna kot nosilec ukrepov, ki so neposredno pripisljivi bankam članicam in pri katerih se uporabljajo sredstva, ki še naprej pripadajo bankam članicam.
In the case of the Austrian Green Electricity Act [38], the General Court took into account many additional elements which indicated the pervasive influence and control of the State over ÖMAG, the public limited company in charge of controlling the measure at issue.
Poleg tega so odločitev o zagotovitvi podpore Tercas sprejeli upravljavski organi FITD, ki jih v celoti sestavljajo predstavniki bank članic.
These interested parties consider that a correct reading of the Italian legislation and of the FITD's decision-making mechanisms for support measures aimed at averting irreversible bank crises shows the insubstantial nature of the evidence cited by the Commission in support of its preliminary conclusion that the action taken by the FITD responds to a public mandate.
Dokumentarna dokazila kažejo, da so upravljavski organi FITD natančno ocenili možne alternative in uporabo zahteve po najnižjih stroških, da bi z znižanjem stroškov in zmanjšanjem tveganj posredovanja bolje zaščitili interese bank članic.
They base their argument on the fact that Article 96-bis of the Banking Act provides only that guarantee schemes ‘may engage in other types and forms of intervention.’ [39].
FITD trdi, da se je njegov upravljavski organ po lastni presoji odločil, ali bo sprejel ukrepe podpore, kdaj jih bo sprejel in kako, pri čemer je bilo treba upoštevati zgolj zahtevo, da morajo biti stroški ukrepa nižji od stroškov povračila vlagateljem.
The measures are not mandatory, which severs the link between the FITD's action and the mission set out in its constitution.
FITD pri sprejemanju ukrepov podpore ne ravna na podlagi javnega pooblastila.
The three interested parties point out that forms of action other than the reimbursement of depositors have been available since the establishment of the FITD in 1987, prior to the entry into force of Article 96-bis of the Banking Act.
Statut FITD je v celoti usklajen z zakonodajo, s katero se ureja sektor, tudi kolikor ta ne določa nobenih alternativnih ukrepov ali jih izrecno prepoveduje.
The FITD argues that it is a private-law entity controlled and managed by its member banks, and that it acts as a vehicle for measures that are directly attributable to the member banks using resources that continue to belong to the member banks.
Noben javni organ ne more od FITD zahtevati, naj posreduje, namen poznejše odobritve Banca d'Italia pa je zgolj preveriti, ali je ukrep, sprejet v korist upravičene banke, ustrezen z vidika preudarnega nadzora ter združljiv s potrebo po zaščiti vlagateljev in stabilnostjo bančnega sistema.
Moreover, the decision to support Tercas was taken by the FITD's governing bodies, which are made up entirely of representatives of the member banks.
Poleg tega navedene tri zainteresirani strani opozarjajo, da v skladu s statutom članstvo v FITD ni obvezno ter da lahko banke ustanovijo drug sistem jamstva za vloge, ki mu bodo pripadale.
The documentary evidence shows that the FITD's governing bodies carefully assessed the possible alternatives and the application of the least-cost requirement in order better to protect the interests of member banks by reducing the costs and risks of the intervention.
Sklicujejo se na sistem jamstva za vloge Fondo di Garanzia dei Depositanti del Credito Cooperativo, namenjen posebej zadružnim bankam [40], ki niso članice FITD.
The FITD contends that its governing body decided in its own discretion whether, when and how to take support measures, the only requirement being that the action must be less costly than reimbursing depositors.
Zainteresirane strani trdijo, da se država ne vmešava niti v imenovanje članov upravljavskih organov FITD niti v sprejemanje odločitev (dejstvo, da Banca d'Italia sodeluje v vlogi opazovalca brez glasovalnih pravic, ne vpliva na neodvisno odločanje FITD).
When it takes support measures the FITD does not act under any public mandate.
Trdijo, da je Komisija v sklepu o reševanju danske banke Roskilde [41] ugotovila, da je organ, ki je zagotovil jamstvo, odločitve sprejemal neodvisno, ter sklenila, da državna sredstva niso bila vključena, če je banka prejela jamstvo od združenja domačih bank, ki so ga same v celoti financirale, za podporo finančnim institucijam.
The FITD's constitution is fully in line with the legislation governing the sector, even in so far as it does not provide for any form of alternative action or expressly prohibits any such action.
Zainteresirane strani ob sklicevanju na zadevo EARL Salvat père et fils [42] menijo, da državna pomoč obstaja samo, če je država navzoča v organih organizacije, ki sprejemajo odločitve, in lahko naloži svoje odločitve.
No public body can oblige the FITD to intervene, and the Banca d'Italia's subsequent authorisation is intended only to ensure verification that the action taken for the beneficiary bank is appropriate from the viewpoint of prudential supervision and that it is compatible with the need to protect depositors and with the stability of the banking system.
Navedene tri zainteresirane strani trdijo, da je FITD organ, ki zastopa interese svojih bank članic, ter da lahko Banca d'Italia na podlagi svojih pooblastil v zvezi z ukrepi FITD izpolnjuje samo svoje splošne cilje nadzora, tj. spremljanje dobrega in preudarnega upravljanja subjektov pod njenim nadzorom in zaščita interesov vlagateljev.
In addition, the three interested parties point out that according to its constitution membership of the FITD is not mandatory, and that banks can choose to establish an alternative deposit guarantee scheme to which to belong.
Glede na splošno naravo naloge, ki jo opravlja Banca d'Italia, tj. usklajevanje dejavnosti sistemov jamstva za vloge na podlagi pravil o bančnih krizah in svojih nadzornih dejavnosti, se navedena naloga ne more obravnavati kot dokaz, da so sredstva FITD pod stalnim nadzorom države.
They point to the existence of a deposit guarantee scheme, the Fondo di Garanzia dei Depositanti del Credito Cooperativo, specifically for mutual banks [40], which are not members of the FITD.
Dejstvo, da Banca d'Italia imenuje posebnega upravitelja za banko v krizi, ne kaže povezave z javno sfero, saj je pravna podlaga navedene pristojnosti (člen 70 in naslednji zakona o bančništvu) v bistvu tehnične narave ter je utemeljena na posebnih značilnostih sektorja.
These interested parties submit that there is no interference by the State either with the appointment of the members of the FITD's governing bodies or with its decision-making (the fact that the Banca d'Italia participates as an observer, without voting rights, does not affect the independent decision-making of the FITD).
Poleg tega sami znaki, da je ukrep usmerjen v cilje v javnem interesu, ne zadostujejo za dokaz, da ukrep pomeni državno pomoč [43].
They argue that, in its decision on the rescue of the Danish bank Roskilde [41], the Commission found that a body that had provided a guarantee took its decisions independently, before concluding that no State resources were involved where a guarantee was granted to a bank in crisis by an association made up of domestic banks, and funded solely by them, for the purpose of supporting financial institutions.
Zaradi pooblastila Banca d'Italia za odobritev posameznih ukrepov na podlagi člena 96b(1)(d) zakona o bančništvu in člena 3(2) statuta FITD le-ta ne izgubi pravice do neodvisne presoje o tem, ali bo sprejel alternativne ukrepe, in če jih bo, o njihovem časovnem razporedu, znesku in obliki.
Referring to EARL Salvat père et fils [42], the three interested parties take the view that there can be State aid only if the State is present in the decision-making bodies of the organisation and is in a position to impose its own decisions.
Odobritev ukrepov FITD, za katero je pristojna Banca d'Italia, pomeni zgolj naknadni pregled odločitev, ki jih neodvisno sprejme FITD, ter se izvaja za zagotovitev zaščite splošnega interesa, za katero je odgovorna Banca d'Italia.
The three interested parties submit that the FITD is a body representing the interests of its member banks, and that the powers assigned to the Banca d'Italia in respect of the FITD's actions merely permit the Banca d'Italia to pursue its general supervisory aims, and specifically to monitor the sound and prudent management of the entities it supervises and to protect depositors' interests.
Navedene tri zainteresirane strani se sklicujejo tudi na sklep Komisije o pomoči za Banco di Sicilia in Sicilcassa [44], v katerem je Komisije ugotovila, da posredovanje FITD v korist navedenih bank ne pomeni državne pomoči, ne da bi upoštevala vlogo Banca d'Italia v zvezi z dejavnostmi FITD.
Given the general nature of the Banca d'Italia's task of coordinating the activities of deposit guarantee schemes via the rules on banking crises and its own supervisory activities, that task cannot serve as evidence that the resources of the FITD are under the constant control of the State.
Navedene tri zainteresirane strani trdijo, da tako kot v zadevi Doux Élevage javni nadzor nad FITD ne presega izvajanja zgolj formalnega preverjanja pravilnosti in skladnosti ravnanja FITD z zakonom; javni nadzor ne zajema preverjanja politične ustreznosti ali usklajenosti s politiko, ki jo izvajajo javni organi: FITD sam odloča o načinu uporabe svojih sredstev, tako kot velja v zadevi Doux Élevage.
The fact that the Banca d'Italia appoints a special administrator for a bank in crisis does not indicate a link with the public sphere, because the legal basis of that power (Article 70 et seq. of the Banking Act) is essentially technical in nature, and its rationale and foundation lie in the specific features of the sector.
Podobno je v zadevi Pearle [45] nizozemska vlada potrdila, da morajo javni organi potrditi pravila, ki jih sprejmejo organi, kot je HBA, in s katerimi se naložijo prispevki, obravnavani v navedeni zadevi.
Moreover, mere indications that a measure pursues objectives in the public interest are not enough to show that it constitutes State aid [43].
FITD opozarja, da posebni upravitelj ni predstavnik nadzornega organa, čeprav ga imenuje Banca d'Italia.
The Banca d'Italia's power to authorise individual measures under Article 96-ter(1)(d) of the Banking Act and Article 3(2) of the FITD's constitution does not strip the FITD of its independent judgment as to whether to take alternative measures and, if so, as to their timing, amount and form.
Posebni upravitelj ima široko diskrecijsko pravico in ravna na lastno pobudo.
The Banca d'Italia's authorisation of the FITD's actions is merely an ex post check on decisions taken independently by the FITD, carried out to ensure the safeguard of the general interest for which the Banca d'Italia is responsible.
Zahteva lahko ukrepe FITD, vendar zahteva ni obvezujoča, FITD pa lahko sprejme druge ukrepe, ki so v najboljšem interesu njegovih bank članic.
The three interested parties also refer to the Commission decision on the aid to Banco di Sicilia and Sicilcassa [44], where the Commission concluded that the intervention of the FITD in favour of those banks did not constitute State aid, without considering the role of the Banca d'Italia in respect of the activities of the FITD.
V zadevnem primeru posebni upravitelj ni nadomestil seje banke, ki je bila edini organ s pooblastili za odobritev izrednih dejavnosti.
The three interested parties submit that, as in Doux Élevage, public supervision of the FITD does not go beyond the exercise of a mere formal verification of the validity and the lawfulness of the FITD's behaviour; it does not extend to verification of political appropriateness or of compliance with policy pursued by the public authorities: as in Doux Élevage, the FITD itself decides how to use its resources.
Poleg tega Banca d'Italia zagotovi odobritev šele po tem, ko se FITD neodvisno odloči za posredovanje.
Similarly, in the Pearle case [45], the Dutch government confirmed that the bye-laws adopted by bodies such as HBA, which imposed levies that were at issue in that case, required the approval of the public authorities.
Navedena odobritev spada v okvir običajne nadzorne vloge Banca d'Italia.
The FITD points out that the special administrator, although appointed by the Banca d'Italia, is not a representative of the supervisory authority.
Predstavnik Banca d'Italia, ki se udeležuje sej sveta in izvršnega odbora FITD, je zgolj opazovalec in nima glasovalnih pravic.
The special administrator operates with broad discretion and on his or her own initiative.
Arbitra v sporu med FITD in BPB v zvezi z zneskom negativnega lastniškega kapitala Tercas ni imenovala Banca d'Italia, temveč udeleženca v sporu (FITD in BPB) na priporočilo Banca d'Italia.
He or she can only request action on the part of the FITD, which is in no way bound by the request and remains free to take alternative measures in the best interest of its member banks.
Poleg tega je bil namen imenovanja arbitra rešiti zadevni spor; FITD je bil še naprej sam pristojen za vse odločitve v zvezi s stroškovno učinkovitostjo ukrepov s stališča bank članic.
In the case at issue, the special administrator did not replace the general meeting of the bank, which was the only body empowered to approve operations of an exceptional nature.
Zadeve, ki jih navaja Komisija v zvezi s sistemi jamstva za vloge, niso primerljive z obravnavano zadevo.
Furthermore, the authorisation of the Banca d'Italia is issued only after the FITD has taken its own independent decision to intervene.
Navedene tri zainteresirane strani v zvezi s tem navajajo iste argumente kot Italija, pri čemer dodajajo, da se zadeve v zvezi z dansko likvidacijsko shemo in poljsko shemo za likvidacijo kreditnih zadrug nanašajo na ukrepe, ki so jih sistemi jamstva sprejeli v zvezi z likvidacijo bank, in ne na ukrepe, sprejete za preventivne namene in usmerjene v dolgoročno sanacijo bank.
That authorisation is part of the normal supervisory role of the Banca d'Italia.
Prednost
The Banca d'Italia representative attending the meetings of the FITD Board and Executive Committee sits only as an observer, without voting rights.
Pripombe Italije
The arbitrator in the dispute between the FITD and BPB regarding the amount of Tercas's negative equity was appointed not by the Banca d'Italia, but by the parties themselves (the FITD and BPB), on the Banca d'Italia's recommendation.
Italija trdi, da Komisija uporablja načelo udeleženca v tržnem gospodarstvu, kot je bilo razvito v okviru najnovejših zadev o prestrukturiranju bank („preskus porazdelitve bremena“), pri čemer ne upošteva dejstva, da je preskus porazdelitve bremena nepomemben za oceno smiselnosti ravnanja zasebnega subjekta, saj je namenjen predvsem zaščiti interesov najširše javnosti (vseh davkoplačevalcev), in ne posebnih interesov tistih, ki so neposredno izpostavljeni propadajoči banki (kot je FITD).
Moreover, the appointment of an arbitrator was intended to resolve the dispute at issue; any decision concerning the cost-effectiveness of the measures from the point of view of member banks remained entirely a matter for the FITD.
Poleg tega je FITD ravnal v skladu z načelom najnižjih stroškov.
The cases cited by the Commission concerning deposit guarantee schemes are not comparable to the case at issue.
Z odločitvijo o posredovanju v podporo Tercas si je prizadeval za rešitev, ki bi bila finančno najmanj obremenjujoča za njegove banke članice na podlagi mnenja priznanega svetovalnega podjetja ter dolgih razprav sveta in izvršnega odbora.
The three interested parties put forward the same arguments as Italy in that respect, adding that the cases of the Danish winding-up scheme and the Polish credit unions liquidation scheme concerned measures taken by guarantee schemes in connection with the liquidation of banks, and not measures taken for preventive purposes, aimed at the banks' long-term recovery.
Italija trdi, da se Komisija pri primerjavi reorganizacije Tercas in alternativnega scenarija likvidacije ni sklicevala na pravilne številke.
Advantage
Primerjavo med ukrepom sanacije in scenarijem likvidacije bi bilo treba opraviti po odbitku stanja […], pri čemer tveganje tega stanja ni bilo ocenjeno v oceni stroškov likvidacije.
Observations from Italy
Italija meni, da je ukrep FITD vsekakor usklajen z načelom udeleženca v tržnem gospodarstvu.
Italy submits that the Commission is applying the market economy operator principle as developed in the context of the most recent bank restructuring cases (the ‘burden-sharing test’), overlooking the fact that a burden-sharing test is irrelevant for assessing the rationality of the behaviour of a private entity, because it aims primarily at protecting the interests of the general public (all taxpayers) and not the specific interests of those directly exposed to the failing bank (such as the FITD).
Prvič, FITD ne bi mogel od Tercas zahtevati, naj podrejenim upnikom naloži porazdelitev bremena, ki bi presegala pogodbene pogoje posameznih posojil, v skladu s katerimi je odpis določen samo v primeru likvidacije.
Besides, the FITD complied with the principle of least cost.
Drugič, z naložitvijo porazdelitve bremena na podrejene upnike se nikakor ne bi znižali stroški za banke članice FITD.
In deciding to intervene in order to support Tercas, the FITD sought the solution which was least onerous financially for its member banks on the basis of the opinion of a reputable consultancy firm and long discussions on the Board and the Executive Committee.
Mnenje Komisije, da bi bili stroški bank članic in posledično FITD v primeru prisilne likvidacije (liquidazione coatta amministrativa) Tercas najbolj znižani, če bi morali podrejeni upniki prevzeti del izgub, je napačno.
Italy submits that when the Commission compared the reorganisation of Tercas with the alternative scenario of liquidation, it did not refer to the correct figures.
Italija na podlagi dokazov iz zapisnikov sej sveta in izvršnega odbora FITD trdi, da se je z ukrepi, ki jih je nazadnje sprejel FITD, preprečilo tveganje morebitnih tožb zaradi izgub, ki bi jih imeli podrejeni upniki.
Italy concludes that the actual difference between the two scenarios was almost EUR 40 million, and not EUR 3 million, as stated in the preliminary view put forward by the Commission in the opening decision.
Pripombe Banca d'Italia
Italy considers that the FITD's action is in any event in line with the market economy operator principle.
Komisija ni prejela pripomb Banca d'Italia v zvezi s selektivno prednostjo sprejetih ukrepov.
First, the FITD could not have required Tercas to impose burden-sharing on subordinated creditors beyond the contractual terms of individual loans, which provide for write-off only in the event of liquidation.
Kar zadeva ekonomsko ustreznost ukrepov v smislu načela udeleženca v tržnem gospodarstvu, druge tri zainteresirane strani trdijo, da je bil sprejeti ukrep razumna in dobra odločitev za zasebna podjetja, kot so FITD in njegove banke članice.
Second, imposing burden-sharing on subordinated creditors would not have reduced the costs to the FITD's member banks in any way.
Po trditvah navedenih strani je zadevni primer očitno podoben zadevi Sicilcassa, v kateri je Komisija sklenila, da obravnavani ukrepi glede na odločilno vlogo zasebnih subjektov ne pomenijo državne pomoči.
The Commission was wrong to take the view that in the event of a compulsory administrative winding up (liquidazione coatta amministrativa) of Tercas the costs to the member banks, and consequently to the FITD, would have been minimised if subordinated creditors had been made to bear some of the losses.
Tako kot v zadevi Sicilcassa je FITD v zadevnem primeru ravnal kot porok za povračilo vlagateljem v skladu z zakonodajo o sistemih jamstva za vloge; o ukrepih FITD so odločali isti upravljavski organi na podlagi istih meril, Banca d'Italia pa je opravljala iste naloge.
On the basis of the evidence in the minutes of the meetings of the FITD Board and Executive Committee, Italy contends that the measures ultimately taken by the FITD avoided the risk of possible legal actions arising out of losses suffered by subordinated creditors.
Navedene tri zainteresirane strani ugotavljajo, da v Italiji ni več nobene banke pod javnim nadzorom, torej so vse članice FITD zasebne banke.