natgillin/translations-raw huggingface dataset:
The prevailing difficulties and delays to the divestment of the Rainbow business, which is the only one of the divestment Commitments remaining to be satisfied, have led to uncertainties which have affected the attractiveness of RBS as an investment proposition.
Glede pripomb zainteresiranih strani organi Združenega kraljestva navajajo:
The alternative package would remove these uncertainties.
da se je tržni delež banke RBS zmanjšal s [25–30] % v četrtem četrtletju 2010 na [20–25] % v četrtem četrtletju 2016, kar pomeni [3–7]-odstotno zmanjšanje v navedenem obdobju.
On the comments from interested parties, the UK authorities mention that
Pričakovano 5-odstotno zmanjšanje zaradi odprodaje poslovnih enot Rainbow je torej preseženo, če se izguba tržnega deleža, pričakovana samo zaradi sheme spodbud za prenos računov, sešteje z ugotovljeno osnovno izgubo tržnega deleža banke RBS od leta 2010;
RBS's market share decreased from [25-30] % in Q4 2010 to [20-25] % in Q4 2016, representing a decrease of [3-7] % for the period.
da so organi Združenega kraljestva v predlagani sveženj vnesli več sprememb, da bi zajeli ključne točke, na katere so opozorile zainteresirane strani.
The 5 % decrease expected from the divestment of the Rainbow business is therefore exceeded when the market share loss expected from the Incentivised Switching Scheme alone is aggregated with the observed organic RBS market share loss since 2010.
Organi Združenega kraljestva menijo, da so s posodobljenim nadomestnim svežnjem obravnavani pomisleki tretjih strani, da bo enakovreden odprodaji poslovnih enot Rainbow (glede na njegov učinek na banko RBS in trg kot celoto) in učinkovit pri spodbujanju konkurence v bančnem poslovanju z MSP v Združenem kraljestvu;
The UK Authorities have made a number of changes to the proposed package to address the key points made by interested parties.
v zvezi s pripombo glede potrebe po zagotovitvi neodvisnosti organa organi Združenega kraljestva navajajo, da bo organ zavezovala listina o okviru in državni pomoči, v kateri bodo podrobno določene naloge in dolžnosti organa ter njegove obveznosti in omejitve.
The UK authorities consider that the updated alternative package addresses the third party concerns, will be equivalent to the divestment of the Rainbow business (in terms of its impact both on RBS and the market as a whole) and will be effective in boosting competition in SME banking in the UK.
Poleg tega posameznik ne bo mogel prevzeti funkcije direktorja organa, če je sočasno na kakršnem koli položaju (razen neizvršilnem položaju, ki ni položaj predsednika ali enakovreden položaj) ali višjem vodstvenem položaju v katerem koli organu javnega sektorja ali če je direktor ali višji vodja skupine RBS ali povezana stranka (ali družbenik povezane stranke) banke RBS.
Regarding the comment on the need to ensure the independence of the Body, the UK authorities note that the Body will be bound by the Framework and State aid Deed which specify the functions and duties of the Body, and which determine the obligations and restrictions of the Body.
PRIPOMBE O SKLADU ZA RAZVOJ ZMOGLJIVOSTI ZA MSP
Furthermore, an individual shall not be permitted to take up office as a director of the Body if that individual concurrently holds any office (other than any non-executive office which is not as the chair or equivalent position) or a senior management position in any public sector body or is a director or senior manager of the RBS Group or is a related party (or an associate of a related party) of RBS.
PRIPOMBE ZAINTERESIRANIH STRANI O SKLADU ZA RAZVOJ ZMOGLJIVOSTI ZA MSP
COMMENTS ON THE SME CAPABILITY FUND
V številnih pripombah zainteresiranih strani je bilo navedeno, da bi bilo treba sklad za razvoj zmogljivosti za MSP povečati, saj bi to vodilo do večjega učinka na konkurenco na trgu bančnega poslovanja z MSP.
COMMENTS FROM INTERESTED PARTIES ON THE SME CAPABILITY FUND
V drugih pripombah zainteresiranih strani je bilo navedeno, da razdrobitev sredstev med številne banke, tako da nobena ne more izvesti večje naložbe, ne bo imela bistvenega učinka na konkurenco ali koncentracijo.
A number of comments from interested parties mentioned that the size of the SME Capability Fund should be increased, as this would lead to a greater impact on competition in the SME banking market.
Namesto enakih izplačil v okviru zadevnih podskladov bi se morala višina izplačil razlikovati, da bi se upoštevali vložnikove dejanske potrebe in naložbeni načrti.
Other comments from interested parties mentioned that fragmenting funds between a large number of banks, such that none can make meaningful investment, will have no material effect on competition or concentration.
Več zainteresiranih strani je tudi navedlo, da bi bilo treba sklad za razvoj zmogljivosti za MSP odpreti tudi institucijam brez obstoječe velike zmogljivosti ponudbe poslovnih TRR in da bi morale imeti nebanke (npr. stanovanjske zadruge) možnosti izkoristiti sklad za razvoj zmogljivosti.
Rather than there being equal disbursements within the respective pools, the size of the disbursements should vary to take into account the applicant's actual needs and investment plans.
PRIPOMBE ORGANOV ZDRUŽENEGA KRALJESTVA O SKLADU ZA RAZVOJ ZMOGLJIVOSTI ZA MSP IN PRIPOMBAH ZAINTERESIRANIH STRANI
A number of parties also submitted that the SME Capability Fund should be opened up further to those institutions without existing strong BCA capability and that non-banks (e.g. building societies) should be able to benefit from the Capability Fund.
Organom Združenega kraljestva se zdi razumno pričakovati, da se bodo s skladom za razvoj zmogljivosti za MSP, zlasti v povezavi s shemo spodbud za prenos računov, povečali tržni deleži konkurenčnih subjektov, s tem pa se bo torej ustrezno zmanjšal tržni delež banke RBS.
COMMENTS FROM UK AUTHORITIES ON THE SME CAPABILITY FUND AND ON COMMENTS FROM INTERESTED PARTIES
Organi Združenega kraljestva menijo, da se bodo s skladom za razvoj zmogljivosti povečali tržni deleži konkurenčnih subjektov, saj se bodo bistveno izboljšala ekonomika bank, ki vstopajo na trg bančnega poslovanja z MSP (in po želji s srednje velikimi korporacijami), in/ali nadalje razvile obstoječe zmogljivosti.
The UK authorities consider that it is reasonable to expect that the SME Capability Fund, especially when combined with the Incentivised Switching Scheme, will increase the market shares of Challenger Entities, and therefore result in a corresponding decrease in RBS's market share.
Za ponazoritev osnovnega koncepta: z nepovratnimi sredstvi v višini 3 milijonov GBP, dodeljenimi iz sklada, bi lahko mejni projekt v vrednosti 10 milijonov GBP postal ekonomski, s tem da bi se donosnost naložbe pri projektu z donosnosti pod stroški kapitala povečala na uresničljivo in trajnostno raven.
The UK authorities consider that the Capability Fund will increase the Challenger Entities' market shares as it will materially improve the economics of banks entering the SME (and, if they so wish, mid-corporate) banking market and/or further developing existing capabilities.
V odgovor na pripombe zainteresiranih strani so organi Združenega kraljestva v nadomestni sveženj vnesli naslednje spremembe:
By way of illustrating the underlying concept, a GBP 3 million grant from the fund might make a borderline GBP 10 million project economic, by increasing the return on investment on a project from a return below the cost of capital to a viable and sustainable level.
sklad za razvoj zmogljivosti za MSP, do katerega imajo dostop konkurenčni subjekti, se bo povečal.
In response to the comments from interested parties, the UK authorities have made the following changes to the alternative package:
Največja izplačila iz sklada za zmogljivost in inovacije bodo usmerjena na konkurenčne subjekte z veliko obstoječo zmogljivostjo ponudbe poslovnih TRR.
the size of the SME Capability Fund that the Challenger Entities have access to will be increased.
To bo verjetno privedlo do največjega učinka na konkurenco na trgu bančnega poslovanja z MSP v najkrajšem času, saj so te banke že porabile čas in denar za razvoj svojih produktov poslovnih TRR in s tem povezane infrastrukture za razdeljevanje;
The largest disbursements of the Capability and Innovation Fund will be targeted at those Challenger Entities with strong existing BCA capability.
sklad za razvoj zmogljivosti za MSP bo združen s skladom za inovacije.
This is likely to lead to the largest impact on competition in the SME banking market and in the shortest time period, since these banks have already spent time and money developing their BCA products and the associated distribution infrastructure.
Razlikovanje v podskladih 1 in 2 bo odstranjeno.
the SME Capability Fund will be combined with the Innovation Fund.
Povečala se bo prožnost, da bi se za banke brez velike obstoječe zmogljivosti ponudbe poslovnih TRR in nebanke izboljšale priložnosti za dostop do obsežnih izplačil iz sklada za zmogljivost in inovacije.
The distinction in pool 1 and 2 will be removed.
PRIPOMBE O SHEMI SPODBUD ZA PRENOS RAČUNOV
The flexibility will be increased to improve opportunities for banks without strong existing BCA capability and for non-banks to access sizeable disbursements from the Capability and Innovation Fund.
PRIPOMBE ZAINTERESIRANIH STRANI O SHEMI SPODBUD ZA PRENOS RAČUNOV
COMMENTS ON THE INCENTIVISED SWITCHING SCHEME
Nekatere zainteresirane strani so podvomile, ali bo predlagana višina denarnih spodbud zadosten motiv za dovolj strank, da bi se jim zdel vreden trud, povezan z menjavo banke.
COMMENTS FROM INTERESTED PARTIES ON THE INCENTIVISED SWITCHING SCHEME
Za stranke se je v preteklosti izkazalo, da so pasivne, zato bi moral zanje obstajati jasen in tekoč postopek prenosa računov.
Some interested parties questioned whether enough customers would be sufficiently incentivised by the proposed size of the dowries to overcome the efforts involved in switching.
Za olajšanje prenosa računov bi morala banka RBS tudi deliti informacije o svojih strankah s konkurenčnimi subjekti (vključno s kreditnimi rezultati v preteklosti).
Customers have historically proven to be inert and there should be a clear, seamless process for customers to switch.
Nekatere zainteresirane strani so navedle tudi potrebo po zagotovitvi preteklih evidenc o strankah za oceno kreditne sposobnosti.
To facilitate switching RBS should also share information on their customers with the Challenger Entities (incl. credit track record).
V več pripombah je bilo navedeno, da bi bilo treba denarne spodbude povečati in tako omogočiti prenose računov (ter da bi morale biti povezane s kompleksnostjo in velikostjo stranke), zaradi česar bi bilo treba bistveno povečati skupno velikost sheme spodbud za prenos računov.
Some interested parties also indicated the need to provide historical track records of customers for creditworthiness assessment.
V nekaterih pripombah je bilo navedeno, da bi morala shema spodbud za prenos računov trajati dovolj dolgo za zagotovitev, da čas ne pomeni pomembne omejitve.
A number of comments indicated that the size of the dowries should be increased to enable switching (and linked to the complexity and size of the customer), which would require the overall size of the Incentivised Switching Scheme to be significantly increased.
Poleg tega je bila predlagana samodejna razširitev obsega strank (če želena stopnja prenosa računov ne bi bila dosežena).
Some comments indicated that the duration of the Incentivised Switching Scheme should be sufficient to ensure time is not a significant constraint.
V več pripombah je bilo predlagano, da bi moral biti nadomestni sveženj osredotočen tudi na prenos posojil, ne samo na prenos poslovnih TRR, saj se s poudarkom na poslovnih TRR ne upošteva potreba po večji konkurenci na trgu posojil za MSP.
Furthermore, an automatic extension of the customer perimeter (if the desired level of switching is not reached) was put forward.
Sveženj naj bi bil preveč osredotočen na ponudnike poslovnih TRR.
Several comments suggested that the alternative package should also focus on transferring loans next to transferring BCAs, as the focus on BCAs ignores the need for greater competition in the SME lending market.
Trg posojil za MSP velja za veliko bolj donosen kot poslovni TRR, zato je treba izkrivljanje konkurence odpraviti tudi na trgu posojil za MSP.
The package would be too focussed on BCA providers.
V pripombah je tudi poudarjeno, da so trenutno konkurenčni subjekti v slabšem položaju, ker lahko štiri največje banke namesto standardiziranega kapitalskega modela uporabljajo napredni model na podlagi notranjih ocen: to navedenim štirim bankam omogoča, da za posojila ponujajo boljše cene kot konkurenčni subjekti.
The SME lending market is viewed as significantly more profitable than BCAs and competition distortion needs to be remedied in the SME lending market as well.
V nekaterih pripombah je bilo predlagano, da bi bilo treba banko RBS prisiliti, naj odproda stranke (vključno s prisilno prodajo poslovnih TRR in/ali posojil), namesto da se strankam omogoči zamenjava banke.
The comments also outline that currently Challenger Entities are disadvantaged, as the largest 4 banks are allowed to use an Advanced Internal Ratings Based model rather than standardised capital model: this allows the four banks to offer better pricing for loans than the Challenger Entities.
V drugih pripombah je navedeno, da bi se morala banka RBS zavezati k prenosu minimalnega števila neto poslovnih TRR in da bi ji morala biti v primeru neizpolnitve naložena kazen.
Some comments suggested that RBS should be forced to divest customers (including forced sales of BCAs and/or loans), rather than giving customers the opportunity to switch banks.
V več pripombah je predlagano tudi, da bi se morala shema spodbud za prenos računov začeti šele, ko je bilo mogoče izvesti naložbe, omogočene na podlagi sklada za razvoj zmogljivosti za MSP.
Other comments suggest that RBS should commit to transfer a minimum number of net BCAs and have a penalty for non-performance.
PRIPOMBE ORGANOV ZDRUŽENEGA KRALJESTVA O SHEMI SPODBUD ZA PRENOS RAČUNOV IN PRIPOMBAH ZAINTERESIRANIH STRANI
A number of comments also suggest that the Incentivised Switching Scheme should only start after they have been able to implement the investments enabled through the SME Capability Fund.
V zvezi s shemo spodbud za prenos računov, vključeno v prvotni nadomestni sveženj, organi Združenega kraljestva menijo:
COMMENTS FROM UK AUTHORITIES ON THE INCENTIVISED SWITCHING SCHEME AND ON COMMENTS FROM INTERESTED PARTIES
da lahko sklad v sedanji velikosti privede do več kot 2-odstotnega zmanjšanja sedanjega tržnega deleža banke RBS.
Regarding the Incentivised Switching Scheme included in the Initial Alternative Package, the UK authorities consider that:
Ciljno zmanjšanje za dve odstotni točki je bilo posebej oblikovano tako, da bi se k menjavi banke spodbudilo večje število velikih MSP, ki so stranke.
the current size of fund has capacity to result in more than a 2 % reduction in RBS's current market share.
Strankam banke RBS nič ne preprečuje, da bi še naprej prehajale na konkurenčne subjekte (brez denarnih spodbud) in tako še naprej zmanjševale tržni delež banke RBS.
The targeted two percentage point reduction was specifically structured in order to incentivise a greater number of large SME customers to switch.
Dejansko bodo potem, ko bodo izpostavljene oglaševanju konkurenčnih subjektov, to veliko verjetneje storile;
There is nothing to stop RBS customers from continuing to switch to Challenger Entities (without dowries being given) and therefore continuing to reduce RBS's market share further.
da shema spodbud za prenos računov vključuje spodbude za prenos računov, ki so same verjetno veliko večje od tistih, ki so trenutno na trgu.
Indeed, they are much more likely to do so after being exposed to Challenger Entity marketing;
Poleg tega naj bi bile izplačane poleg spodbud, ki so že na voljo;
the Incentivised Switching Scheme involves incentives to switch that are themselves likely to be much greater than those currently in the market.
da bodo konkurenčni subjekti zavzeto tekmovali za stranke in oblikovali dovolj privlačne ponudbe, da bi stranke prepričali v menjavo banke.
Further, these are expected to be paid in addition to those incentives already available;
Na trgu očitno obstaja povpraševanje po teh strankah;
Challenger Entities will compete hard for customers and create sufficiently attractive offers to entice customers to switch.
da je prenos računov na konkurenčni subjekt v Združenem kraljestvu za številne stranke postal lažji po uvedbi storitve CASS leta 2013.
There is clearly demand in the market for these customers;
Stranke s poslovnimi TRR že uporabljajo storitev CASS za prenos računov z banke RBS na konkurenčne subjekte;
switching to a Challenger Entity in the UK has been made easier for many customers following the introduction of CASS in 2013.
da namerava banka RBS ublažiti morebiten odpor strank proti prenosu računov ali temu nasprotovati z zavezanostjo ukrepom, ki jih je organ CMA opredelil kot konkurenčne, vključno z obveščanjem upravičenih strank o storitvi CASS in pomočjo strankam pri zahtevah po podatkih o vstopu;
BCA customers already use CASS to switch away from RBS to Challenger Entities;
da se bo banka RBS morala v imenu konkurenčnih subjektov posvetiti obveščanju opredeljenega sklopa svojih strank (vključno z zagotovitvijo gradiva za trženje) o koristih prenosa računov in
RBS intends to mitigate/counter any resistance by customers from switching by committing to measures identified by the CMA as competitive, including informing eligible customers about CASS and assisting customers with on-boarding data requests;
da ima shema spodbud za prenos računov različne vgrajene varnostne mehanizme za zagotovitev zadostnih prenosov računov.
RBS would be required to engage with a defined pool of its customers (including through the provision of marketing materials) on behalf of Challenger Entities on the benefits of switching; and
Na primer: organ, ki nadzoruje shemo, bi lahko (i) od banke RBS zahteval, naj poveča pogostost pošiljanja komunikacijskega gradiva, ali (ii) do 12 mesecev podaljšal obdobje, za katero so na voljo denarne spodbude, ali (iii) po nekem času preoblikoval formulo denarnih spodbud zaradi izboljšanja učinkovitosti sheme, (iv) v primeru premajhne porabe denarnih spodbud pa bi morala banka RBS prenesti multiplikator, kot je navedeno v uvodnih izjavah 52 in 53.
the Incentivised Switching Scheme has various built-in safety mechanisms to ensure that sufficient switching occurs.
V odgovor na pripombe zainteresiranih strani organi Združenega kraljestva navajajo, da so prepričani, da bi s ponujenimi finančnimi spodbudami račune preneslo zadostno število MSP, ki so stranke, ker:
For example: The Body overseeing the scheme would have the ability (i) to require RBS to increase the frequency of the communications or (ii) to extend the period for which dowries are available by up to 12 months or (iii) to restructure the dowry formula, after a period of time, in order to improve the efficacy of the scheme and (iv) if there is an underspend in the dowries, RBS would have to transfer the Multiplier as outlined in recitals 52 and 53.
so spodbude že v preteklosti spodbudile prenose računov strank, kot je razvidno tudi iz končnega poročila organa CMA o preiskavi bančnega poslovanja s prebivalstvom in raziskave, ki jo je po naročilu banke RBS izvedla družba Charterhouse „[…]“;
In response to the comments from interested parties, the UK authorities state that they are confident that enough SME customers would switch with the financial incentives on offer as:
bo postopek prenosa računov za stranke verjetno tekoč, pri čemer bo večina strank izkoristila shemo spodbud za prenos računov in prenos izvedla prek storitve CASS.
incentives have historically induced customer switching as reflected also in the CMA Retail Banking Investigation Final Report and the RBS-commissioned Charterhouse research ‘[…]’;
Vendar pa bo razkrivanje poslovnih knjig o strankah ali drugih informacij o strankah verjetno omejeno z zakonodajo o varstvu podatkov;
the switching process is likely to be smooth for customers with most customers taking advantage of the Incentivised Switching Scheme to make their transfer through CASS.
za stranke v okviru divizije W&G ni manj verjetno, da bodo prenesle račune.
However, sharing customer financial records or other information on customers will likely be restricted by data protection legislation;
Banka RBS navaja, da so stopnje prenosov računov in zmanjševanja števila strank v okviru divizije W&G na splošno v skladu z „osrednjimi“ strankami banke RBS ter da se za stranke divizije W&G od leta 2010 pričakuje, da bodo zapustile banko RBS;
customers in the W&G perimeter are not less likely to switch.
so vzpostavljeni mehanizmi zaščite in preprečevanja izogibanja za zagotovitev prenosov računov strank.
RBS states that the switching and customer attrition rates of those customers within the W&G perimeter are broadly in line with RBS's ‘core’ customers and that W&G customers have been expected to leave the RBS group since 2010;
Organ je pooblaščen, da banki RBS naloži finančno kazen, če denarne spodbude za poslovne TRR niso porabljene v času delovanja sheme (tj. multiplikator).
protection and anti-avoidance mechanisms are in place to ensure customer switching.
Poleg tega bo lahko spremenil višino izplačanih denarnih spodbud za zagotovitev njihove čim večje učinkovitosti in od banke RBS zahteval, naj poveča pogostost oglaševanja sheme.
The Body has the power to impose a financial penalty on RBS if the BCA dowries have not been used up within the term of the scheme's operation (i.e. the Multiplier).
Če ne bodo dosežene določene stopnje menjave, bo tudi povečan obseg sheme in podaljšano njeno trajanje.
Furthermore, the Body will be able to make changes to the amount of the dowries paid to ensure they are as effective as possible, force RBS to increase its frequency of marketing of the scheme.
V odgovor na pripombe zainteresiranih strani organi Združenega kraljestva nadalje menijo:
Furthermore, the perimeter and the length of the scheme will be increased if certain switching levels are not reached.
da bi stranke poleg svojih poslovnih TRR prenesle tudi druge bančne produkte (npr. posojila).
Further, in response to the comments from interested parties, the UK authorities consider that:
Organ CMA je ugotovil, da „se velika večina MSP, ki si prizadeva pridobiti sredstva, obrne na banko, pri kateri ima odprt poslovni TRR […] več kot 90 % MSP v Združenem kraljestvu se je za limite, posojila in kreditne kartice obrnilo na svojo glavno banko“, in
customers would transfer their other banking products (e.g. loans) in addition to their BCAs.
da ima opolnomočenje strank, da se same odločijo za menjavo banke, prednost pred prisilno odprodajo, ker za opolnomočene stranke velja večja verjetnost, da bodo sodelovale z novo banko in jo v prihodnosti znova zamenjale, če bodo lahko pri drugi banki dobile boljšo ponudbo.
The CMA have found that ‘the vast majority of SMEs seeking finance go to their BCA bank…over 90 % of SMEs in UK went to their main bank for overdrafts, loans and credit cards’; and
Ta pristop je podprt tudi v končnem poročilu organa CMA o preiskavi bančnega poslovanja s prebivalstvom, v katerem je navedeno, da „lahko odprodaja začasno in prehodno sproži nekaj dodatne angažiranosti strank, zlasti med strankami, ki menijo, da so bile na ‚novo‘ banko prenesene proti svoji volji, vendar pa to očitno ni zaželen način spodbujanja večje trajne angažiranosti strank“.
empowering customers to make their own decision to switch is preferable to forced divestments, since empowered customers should be more likely to engage with their new bank and switch again in the future if they can obtain a better deal with another bank.
Organ CMA je namreč ugotovil, da bodo nestrukturna sredstva, „ki so neposredno usmerjena na osnovne vzroke škodljivih učinkov na konkurenco – tj. z izboljšanjem angažiranosti strank in olajšanjem prenosa računov –, veliko verjetneje učinkovita pri reševanju vprašanj konkurence, ki smo jih opredelili […]“.