natgillin/translations-raw huggingface dataset:
The notified changes therefore do not affect the assessment of burden sharing made in the Restructuring Decision and the Amended Restructuring Decision.
Da bi se preprečila okrepitev položaja banke RBS na navedenem trgu in posledično zmanjšanje konkurence na njem, so se organi Združenega kraljestva zavezali, da bo banka RBS odprodala subjekt s 5-odstotnim tržnim deležem na trgu Združenega kraljestva, na katerem so stranke MSP in srednje velike korporacije.
MEASURES TO LIMIT DISTORTIONS OF COMPETITION
Namen nadomestnega svežnja, kot je opisan v oddelku 3.3, je obravnavati izkrivljanje konkurence enako, kot je obravnavano z zavezo za odprodajo poslovnih enot Rainbow, ki jo sveženj nadomešča.
Pursuant to the Amended Restructuring Decision, the primary purpose of the commitment to divest the Rainbow business was to limit the distortion of competition that the aid to RBS could have created.
Komisija mora torej oceniti, ali je posodobljeni nadomestni sveženj enakovreden zavezi za odprodajo, ki jo bo nadomestil.
More precisely, the commitment to divest the Rainbow business aimed at avoiding that the very large amount of State aid granted to RBS in 2008 and 2009 resulted in undue distortion of competition in the UK market for banking services to SME and mid-corporate customers, where RBS was the market leader.
Zasnova posameznih ukrepov
To avoid strengthening RBS's position in that market and thereby decreasing competition in it, the UK authorities committed that RBS would divest an entity having a market share of 5 % in the UK SME customers and mid-corporate customers market.
Nadomestni sveženj sestavljata predvsem dva posamezna ukrepa.
The purpose of the alternative package as described in Section 3.3 is to address distortion of competition in the same way as the divestment commitment of the Rainbow business it is replacing.
Komisija namerava oceniti enakovrednost na ravni posameznega ukrepa in na ravni svežnja.
The Commission therefore has to assess whether the updated alternative package is equivalent to the divestment commitment it will replace.
Sklad za zmogljivost in inovacije
Design of individual measures
Komisija ugotavlja, da bo zagotavljanje sredstev iz sklada za zmogljivost in inovacije konkurenčnim subjektom z namenom povečanja njihove zmogljivosti za zagotavljanje bančnih storitev za MSP verjetno povečalo konkurenco na bančnem trgu za MSP.
The alternative package consists of largely two individual measures.
Komisija na podlagi pripomb zainteresiranih strani, ki jih je prejela kot odgovor na sklep o začetku postopka, ugotavlja, da razdelitev sredstev v različnih zneskih, ki znašajo do 120 milijonov GBP, omogoča okrepitev bančnih ponudb več subjektov in zagotovitev večje izbire na trgu.
The Commission intends to assess the equivalence both on an individual level and on the level of the package.
Izkazano zanimanje in povratne informacije zainteresiranih strani v zvezi s tem, kako bi uporabile sredstva, ki bi jih morda prejele iz sklada za zmogljivost in inovacije, so dodatno zagotovilo, da bo sklad za razvoj zmogljivosti pozitivno vplival na konkurenco na trgu.
Capability and Innovation Fund
Glede na pripombe zainteresiranih strani znesek dodeljenih sredstev večinoma ustreza znesku sredstev, za katerega so nekatere zainteresirane strani navedle, da bi ga potrebovale, da bi bile motivirane za vlaganje v svoje zmogljivosti za bančno poslovanje z MSP.
The Commission observes that the provision of funds from the Capability and Innovation Fund to Challenger Entities to increase their capacity to offer SME banking services will likely increase competition in the SME banking market.
Subjekti se bodo potegovali za izplačila iz skladov, pri čemer bo največ sredstev namenjenih subjektom, ki bodo lahko organu dokazali najmočnejšo zavezanost konkurenčnosti.
Based on the comments of interested parties received by the Commission as a result of the Opening Decision, the Commission finds that the distribution of the funds in different awards sizing up to GBP 120 million allows it to strengthen multiple entities' banking offerings and bring more choice to the market.
Komisija meni, da je znesek sredstev za dodelitev iz sklada za zmogljivost in inovacije ustrezen ter da bo konkuriranje privedlo do večjega učinka na trgu.
Interest shown and feedback received from interested parties on how they would use the funds they may receive from the Capability and Innovation Fund provides further comfort that the Capability Fund will have a positive impact on competition in the market.
Komisija ugotavlja, da so od skupno 425 milijonov GBP sredstva sklada za zmogljivost in inovacije osredotočena na štiri velike sklope sredstev, ki skupaj znašajo 330 milijonov GBP.
Based on the comments received from interested parties, the size of the awards corresponds largely to the size which some of the interested parties indicated they would need to be incentivised to invest in their SME banking capabilities.
Dejansko je razlika med tržnim deležem štirih vodilnih bank za MSP v Združenem kraljestvu in tržnim deležem konkurenčnih subjektov velika.
Disbursements from the funds will be competed for, with most funding being directed to those entities that are able to make the strongest pro-competitive case to the Body.
Poleg tega je pri konkurenčnih subjektih velika razlika med subjekti, ki imajo vzpostavljeno bančno poslovanje z MSP, in subjekti, ki šele vstopajo na trg ali ponujajo omejen obseg produktov, ki so pogosto usmerjeni na najmanjša MSP.
The Commission believes that the size of the awards of the Capability and Innovation Fund is appropriate and the competition will result in a larger impact on the market.
Namen odprodaje poslovnih enot Rainbow je bil ustanoviti banko za MSP in srednje velike korporacije, ki bi bila sicer manjša kot štiri vodilne banke za MSP, a vseeno dovolj velika, da bi jim konkurirala.
The Commission notes that, out of a total of GBP 425 million, the resources of the Capability and Innovation Fund are concentrated around four large awards which jointly account for GBP 330 million.
Usmeritev večine sredstev na teh nekaj konkurenčnih subjektov z močno obstoječo zmogljivostjo ponudbe poslovnih TRR za MSP bo verjetno privedla do največjega učinka na konkurenco na trgu in zanesljiveje privedla do znatne okrepitve položaja enega ali več subjektov.
Indeed, there is a large gap between the market share of the four leading UK SME banks and the Challenger Entities.
S tem bi se torej povečala enakovrednost učinku, ki bi ga imela odprodaja poslovnih enot Rainbow, v primerjavi z nadomestnim svežnjem, ki bi bil osredotočen na nove udeležence ali banke, ki ponujajo le omejen obseg produktov bančnega poslovanja z MSP, ki so pogosto usmerjeni samo na najmanjša MSP.
Further, among the Challenger Entities, there is large difference between those entities having established SME banking operations and those just entering the market or offering a limited range of products, often targeting the smallest of the SMEs.
Glede na pripombe zainteresiranih strani je pomembno, da konkurenčni subjekti najprej vzpostavijo dodatne zmogljivosti, s katerimi lahko podprejo prizadevanja za prepričanje strank divizije W&G v menjavo banke v okviru sheme spodbud za prenos računov.
The purpose of the divestment of the Rainbow business was to create a SME and mid-corporate bank which, even if smaller than the four leading SME banks, would nevertheless be sufficiently large to challenge them.
Komisija meni, da zagotovitev trimesečnega obdobja po dodelitvi sredstev iz sklada za zmogljivost in inovacije konkurenčnim subjektom omogoča, da načrtujejo in izvedejo dodatne naložbe, ne da bi se izvajanje sheme spodbud za prenos računov po nepotrebnem odložilo.
Targeting most of the funds at those few Challenger Entities with strong existing SME BCA capability is likely to lead to the largest impact on competition in the market and results with more certainty in significantly strengthening the position of one or more entities.
Spodbude za prenos računov
This would therefore increase the equivalence with the impact which the divestment of the Rainbow business would have had, compared to an alternative package which would have been focused on the new entrants or banks offering only a limited range of SME banking products, often targeting only the smallest SMEs.
Komisija ugotavlja, da se bo s shemo spodbud za prenos računov povečala konkurenca na trgu bančnega poslovanja z MSP, saj bodo stranke z banke RBS prenesene na konkurenčne subjekte.
According to the comments received from interested parties, it is important for Challenger Entities to first build extra capabilities to support the effort to convince W&G's customers to switch with the Incentivised switching.
Izvajanje sheme spodbud za prenos računov je namenjeno prenosu strank, ki predstavljajo 3 odstotne točke tržnega deleža banke RBS na trgu bančnega poslovanja z MSP v Združenem kraljestvu (izračun na podlagi števila MSP).
The Commission believes that providing a period of three months after the granting of an award by the Capability and Innovation Fund enables the Challenger Entities to plan and implement additional investments without unnecessarily delaying the implementation of the Incentivised Switching Scheme.
V smislu števila prenesenih MSP bi lahko shema spodbud za prenos računov privedla do zmanjšanja tržnega deleža banke RBS, večjega od 3 odstotnih točk, vendar bi bil v takem primeru med strankami, ki bi prenesle račune, večji delež manjših MSP.
Incentivised Switching
Ker je znesek sredstev, ki so na voljo za ukrep B, omejen, prenos računov več strank nujno pomeni, da morajo biti denarne spodbude v povprečju manjše, kar pomeni, da bi morale biti prenesene stranke zelo majhna MSP, kar pa ni bil cilj odprodaje poslovnih enot Rainbow.
The Commission observes that the Incentivised Switching Scheme will increase competition in the SME banking market, by transferring customers from RBS to Challenger Entities.
Pri oceni enakovrednosti bi bilo torej treba upoštevati, da bo shema spodbud za prenos računov omogočila, da je prenos tržnega deleža banke RBS omejen na 3 odstotne točke.
The implementation of the Incentivised Switching Scheme aims at transferring customers amounting to 3 percentage points of market share of RBS in the UK SME banking market (calculated based on the number of SMEs).
V zvezi z verjetnostjo, da bo doseženo zmanjšanje za 3 odstotne točke, Komisija ugotavlja, da bodo morale biti ponudbe konkurenčnih subjektov dovolj privlačne, da bodo k prenosu računov prepričale maksimalno število strank.
In terms of the number of SMEs transferred, the Incentivised Switching Scheme could lead to a reduction in the market share of RBS larger than 3 percentage points, but in this case the portfolio of customers switching would have a higher proportion of smaller SMEs.
Ob upoštevanju pripomb zainteresiranih strani, zneska denarnih spodbud, navedenega v raziskavi, ki jo je po naročilu banke RBS izvedla družba Charterhouse, in povečanega financiranja, ki je na voljo za ukrep B, Komisija meni, da je shema zdaj dovolj velika, da bo spodbudila prenos strank, enakovreden tržnemu deležu 3 odstotnih točk.
Indeed, as the amount of funding available for Measure B is capped, switching more customers necessarily implies that the dowries have to be smaller on average, which entails that the transferred customers would have to be very small SMEs, which was not the target of the divestment of the Rainbow business.
Komisija meni, da so podaljšanje trajanja, razširitev obsega in multiplikator, kot so opisani v uvodnih izjavah 52 in 53, pomembni zaščitni ukrepi in dodatno zagotovilo, da je prenos tržnega deleža banke RBS v višini 3 odstotnih točk mogoče doseči.
In conclusion, when assessing the equivalence, it should be considered that the Incentivised Switching Scheme will allow that the transfer of market share of RBS is limited to 3 percentage points.
Komisija tudi meni, da so poslovni TRR „izhodiščni“ produkt za MSP, ki bodo običajno razmislila o svojem ponudniku poslovnega TRR, ko se bodo zanimala za druge bančne storitve, kot so posojila.
Regarding the likelihood that the 3 percentage point reduction will be reached, the Commission observes that the offers made by the Challenger Entities will need to be attractive enough to convince the maximum number of customers to switch.
Zato meni, da spodbude za prenos poslovnih TRR stranke spodbujajo tudi k prenosu kreditnih produktov.
Considering the comments received from interested parties, the dowry size mentioned in RBS-commissioned Charterhouse research, and the increased funding available for Measure B, the Commission considers that it is now large enough to incentivise the transfer of customers equivalent to a market share of 3 percentage points.
Komisija ugotavlja, da bi denarne spodbude v zvezi s posojili, opisane v uvodni izjavi 48, konkurenčnim subjektom omogočile, da dodatno spodbudijo MSP kot stranke, da poleg svojih poslovnih TRR prenesejo tudi druge produkte.
The Commission considers the duration extension, perimeter extension and the Multiplier as described in recitals 52 and 53 to be important safeguards which deliver additional comfort that a market share transfer of 3 percentage points of RBS can be reached.
Z višino denarnih spodbud v zvezi s posojili se tudi zmanjšuje slabši položaj, ki so ga zainteresirane strani omenile v zvezi z uporabo standardiziranega kapitalskega modela.
The Commission also considers that BCAs are a ‘gateway’ product for SMEs and will generally consider their BCA provider when they seek other banking services such as loans.
Komisija to razume kot dodatno zagotovilo, da je nadomestni sveženj enakovreden odprodaji poslovnih enot Rainbow, pri kateri bi bila navedena posojila prenesena na morebitnega kupca.
The Commission therefore considers that the incentives to switch BCAs also incentivise customers to switch loan products.
Komisija tudi navaja, da se bodo s 75 milijoni GBP, namenjenimi olajšanju prenosa (nadomestilo za pogodbene kazni, povezane s prenosom salda posojil, ali stroške tretjih strani, kot so pravni stroški), in storitvijo za prenos transakcijskega računa zmanjšale ovire za stranke pri prenosu računov na konkurenčne subjekte.
The Commission observes that the loan dowries described in recital 48 would allow the Challenger Entities to further incentivise SME customers to transfer other products along their BCAs.
Poleg tega je po mnenju Komisije s pooblastili in nadzorom organa zagotovljeno, da se lahko shema spodbud za prenos računov po uvedbi dodatno prilagodi tržnim signalom.
The loan dowry size also reduces the disadvantage interested parties have mentioned in using the standardised capital model.
Komisiji se ne zdi problematično, da se dostop do podružnic banke RBS (kot je opisan v uvodni izjavi 57) ne ponuja več brezplačno, kot je bilo predvideno v prvotni različici nadomestnega svežnja.
The Commission considers that this provides more comfort that the alternative package is equivalent with the divestment of the Rainbow business in which those loans would have been transferred to a potential buyer.
Uveljavljeni konkurenčni subjekti za MSP so namreč navedli, da ne potrebujejo takega dostopa, da bi lahko konkurirali štirim vodilnim bankam za MSP.
The Commission also notes that the GBP 75 million earmarked to help facilitate switching (compensation for break fees related to the transfer of loan balances or other third party costs such as legal fees) and the Current Account Switching Service will reduce barriers for customers to switch to the Challenger Entities.
Z uporabo sredstev, ki so bila prvotno dodeljena (sprva brezplačni) shemi dostopa do podružnic, za ukrepa A in B so sredstva nadomestnega svežnja dodeljena učinkoviteje, da bi se dosegla enakovrednost z učinkom odprodaje poslovnih enot Rainbow.
The Commission also considers that the powers and oversight of the Body ensures that the Incentivised Switching Scheme can be further adapted to market signals after the scheme has been launched.
Na podlagi sprememb, ki so bile vnesene v shemo spodbud za prenos računov, zaščitnih ukrepov, ki so vključeni v shemo, in pripomb zainteresiranih strani Komisija ugotavlja, da bi imela shema spodbud za prenos računov veliko verjetnost zagotovitve prenosa tržnega deleža banke RBS v višini 3 odstotnih točk.
The Commission does not find problematic that the access to RBS branches (as described in recital 57) is no longer proposed to be offered for free, as envisaged in the initial version of the alternative package.
Splošna enakovrednost svežnja zavezi za odprodajo poslovnih enot Rainbow
Indeed, the established SME Challenger Entities commented that they do not need such access to be able to compete with the four leading SME banks.
Kot je navedeno v sklepu o začetku postopka, je enakovrednost nadomestnega svežnja mogoče oceniti na različne načine.
By using the funds that were initially allocated to the (initially free) Branch Access Scheme for Measures A and B, the funds of the alternative package are allocated more effectively to reach equivalence with the effect of the divestment of the Rainbow business.
V smislu obratnega scenarija je mogoče učinek nadomestnega svežnja primerjati z učinkom, ki bi ga pričakovali od prodaje poslovnih enot Rainbow strateškemu vlagatelju, če bi bila izvedena zdaj („odprodaja poslovnih enot Rainbow“ v preglednici 3), ali učinkom, ki se je pričakoval od prodaje poslovnih enot Rainbow v skladu s sklepom o prestrukturiranju („cilj iz sklepa iz leta 2009“ v preglednici 3).
Based on the changes that have been introduced to the Incentivised Switching Scheme and the safeguards that are included in the scheme and the comments received from interested parties, the Commission concludes that the Incentivised Switching Scheme would have a high likelihood of delivering on a 3 percentage point RBS market share transfer.
V smislu uporabljenega kazalnika se lahko enakovrednost meri z uporabo različnih kazalnikov, kot so razvoj tržnega deleža banke RBS v zvezi z MSP, finančni stroški za banko RBS ter višina prenesenih sredstev in obveznosti.
Overall equivalence of the package to the commitment to divest the Rainbow business
Preglednica 3 vsebuje primerjavo treh scenarijev na podlagi različnih kazalnikov.
As stated in the Opening Decision, there are different ways to assess the equivalence of the alternative package.
Preglednica 3
In terms of counterfactual scenario, the impact of the alternative package can be compared to the impact which a sale of the Rainbow business to a trade buyer would be expected to have if implemented now (‘Rainbow divestment’ in Table 3) or to the impact which the divestment of the Rainbow business was expected to have according to the Restructuring Decision (‘Objective 2009 Decision’ in Table 3).
Primerjava treh scenarijev na podlagi različnih kazalnikov
In terms of indicator used, one can measure the equivalence using different indicators, such as the evolution of the SME market share of RBS, the financial costs on RBS, and the size of the transferred assets and liabilities.
Cilj iz sklepa iz leta 2009
Table 3 compares the three scenarios along different indicators.
Odprodaja poslovnih enot Rainbow
Table 3
Posodobljeni nadomestni sveženj
Comparison 3 scenarios along different indicators
Namen zaveze
Objective 2009 Decision
Omejitev izkrivljanja konkurence na trgu MSP v ZK
Rainbow divestment
Izguba tržnega deleža banke RBS na trgu MSP v ZK
Updated alternative package
[0–5] % [[5–10]]
Limitation of distortion of competition in UK SME market
Skupna kapitalska izguba
3 % [[5-10]]
Učinek na količnik CET1
Total Capital Loss
n. r.
GBP […]
Skupni prenos sredstev
[GBP […]]
20 milijard GBP
CET1 Ratio Impact
[15–25] milijard GBP
N.A.
[0–5] milijard GBP
Total Asset Transfer
Razlog za odprodajo poslovnih enot Rainbow v sklepu o prestrukturiranju in spremenjenem sklepu o prestrukturiranju je omejitev izkrivljanja konkurence na trgu bančnega poslovanja z MSP in srednje velikimi korporacijami v Združenem kraljestvu.
GBP 20 billion
Organi Združenega kraljestva so nadomestni sveženj oblikovali z namenom uresničitve istega osnovnega cilja.
GBP [15-25] billion
Nadomestne možnosti je mogoče primerjati na podlagi učinka na tržni delež banke RBS na trgu MSP v Združenem kraljestvu.
GBP [0-5] billion
V skladu s sklepom o prestrukturiranju naj bi odprodaja poslovnih enot Rainbow privedla do izgube 5-odstotnega tržnega deleža, kot je opisano v uvodni izjavi 112 sklepa o začetku postopka.
The motivation behind the divestment of the Rainbow business in the Restructuring Decision and the Amended Restructuring Decision is to limit the distortion of competition in the UK SME and mid-corporate banking market.
Tudi nadomestni sveženj naj bi privedel do izgube tržnega deleža.
The UK authorities have designed the alternative package with the aim to accomplish the same underlying objective.
Ta bi znašala do 3 %, če se upošteva samo shema spodbud za prenos računov.
The alternatives can be compared using the impact on the market share of RBS in the UK SME market.
Po mnenju Komisije bo tudi učinek sklada za zmogljivost in inovacije dovolj velik, da bo MSP omogočil prenos računov z banke RBS in drugih bank.
According to the Restructuring Decision, the divestment of the Rainbow business was expected to result in a market share loss of 5 %, as described in recital 112 of the Opening decision.
Vendar pa je to težko kvantificirati.
The alternative package should also result in a market share loss.
Kot so navedli organi Združenega kraljestva, je smiselno upoštevati dejstvo, da je banka RBS od sklepa o prestrukturiranju izgubila tržni delež na trgu bančnega poslovanja z MSP v Združenem kraljestvu.
It would amount to up to 3 %, if one takes into account only the Incentivised Switching Scheme.
Organi Združenega kraljestva so se sklicevali na ponudnika podatkov.
The Commission considers that the impact of the Capability and Innovation Fund will also be significant enough to enable SMEs switching from RBS and from other banks.
Na žalost pa je ta tržne deleže začel izračunavati šele od četrtega četrtletja 2010.
However, this is difficult to quantify.
Zato ne obstaja dosledna časovna serija, ki bi zajemala obdobje od leta 2008 ali 2009 do danes.
As indicated by the UK authorities, it is reasonable to take into account the fact that RBS has lost market share in the UK SME banking market since the Restructuring Decision.
Glede na podatke, ki jih je izračunal ponudnik, je tržni delež banke RBS na trgu za MSP s prometom do 25 milijonov GBP v četrtem četrtletju 2010 (prvo izhodišče za podatke) znašal kar [25–30] %.
The UK authorities referred to a data provider.
Glede na navedene podatke je banka RBS med četrtim četrtletjem 2010 in četrtim četrtletjem 2016 na trgu za MSP s prometom do 25 milijonov GBP izgubila [3–7] % tržnega deleža.
Unfortunately, the data provider started to produce market share calculations only as of Q4 2010.
Komisija meni, da je uporaba izgube tržnega deleža od četrtega četrtletja 2011 ([0–5] %) razumnejša v primerjavi z uporabo izgube tržnega deleža od četrtega četrtletja 2010 ([3–7] %), ker je pri prvem izhodišču za podatke (četrto četrtletje 2010) podan večji tržni delež, kot je bil v času sprejetja sklepa o prestrukturiranje sporočen iz drugih virov, zaradi česar ni mogoče izključiti, da je to enkratni višek, ki ne izraža pravilno izhodišča v letih 2008–2009.
As a result, there is no consistent time series covering the period from 2008 or 2009 to date.
Zato meni, da je mogoče tržni delež v segmentu trga Združenega kraljestva za MSP, ki je že bil izgubljen, razumno oceniti na [0–5] %.
According to the data calculated by the provider, RBS's market share was as high as [25-30] % in the 4th quarter of 2010 (first data point) in the market for SMEs with a turnover up to GBP 25 million.
Petodstotno zmanjšanje tržnega deleža banke RBS, pričakovano v sklepu o prestrukturiranju, je preseženo, če se pričakovana izguba tržnega deleža iz nadomestnega svežnja (do 3 % samo na podlagi ukrepa B) sešteje z ugotovljeno izgubo tržnega deleža v višini [0–5] %.