natgillin/translations-raw huggingface dataset:
In the course of those voluntary pre-notification contacts, the Authority will offer its assistance on how to ensure compatibility of the restructuring aid and in particular on how to implement the burden-sharing requirements in accordance with State aid rules.
Nadzorni organ bo dokapitalizacijo ali ukrep za oslabljena sredstva kot pomoč za prestrukturiranje odobril šele po sklenitvi dogovora v zvezi z načrtom prestrukturiranja.
The basis for the pre-notification will be a capital raising plan established by the EFTA State and the bank and endorsed by the competent supervisory authority.
Ukrepi banke za zbiranje kapitala
It should:
Upravičenec mora v načrtu za zbiranje kapitala, ki ga potrdi pristojni nadzorni organ, opredeliti vse ukrepe za zbiranje kapitala, ki jih je mogoče izvesti, ter jih izvesti, kolikor je to mogoče, ne da bi bilo ogroženo uspešno poslovanje.
list the capital raising measures to be undertaken by the bank and the (potential) burden-sharing measures for shareholders and subordinated creditors;
Ti ukrepi morajo vključevati zlasti:
contain safeguards preventing the outflows of funds from the bank which could, for example, occur by the bank acquiring stakes in other undertakings or paying dividends or coupons.
vprašanja glede pravic;
The EFTA State should provide a detailed methodology and input data used to determine the capital shortfall, validated by the competent supervisory authority.
prostovoljno pretvorbo podrejenih dolžniških instrumentov v lastniški kapital na podlagi spodbude, povezane s tveganjem;
The methodology needs to be presented on a business segment basis.
upravljanje obveznosti, s katerim je treba načeloma zagotoviti 100-odstotno povečanje kapitala, če kapitalskega primanjkljaja ni mogoče v celoti odpraviti in je zato potrebna državna pomoč;
After the submission of the capital raising plan and the incorporation of the results of the asset quality review of the bank and a forward looking capital adequacy assessment, the EFTA State must determine the residual capital shortfall that has to be covered by State aid.
prodajo sredstev in portfeljev za povečanje kapitala;
The Authority will offer to the EFTA State to discuss the restructuring plan before its notification.
listinjenje portfeljev za povečanje kapitala s stranskimi dejavnostmi;
Once agreement on the restructuring plan has been achieved the EFTA State may formally notify the restructuring plan.
zadržanje dobičkov;
The Authority will authorise any recapitalisation or impaired asset measure as restructuring aid only after agreement on the restructuring plan has been reached.
druge ukrepe za zmanjševanje potreb po kapitalu.
Capital raising measures by the bank
Če so opredeljeni ukrepi v načrtu za zbiranje kapitala navedeni kot ukrepi, ki jih ni mogoče izvesti v šestih mesecih od predložitve načrta, bo Nadzorni organ po posvetovanju s pristojnim nadzornim organom ocenil, ali naj te predlagane ukrepe upošteva kot ukrepe za zbiranje kapitala.
In the capital raising plan endorsed by the competent supervisory authority, the beneficiary should identify and to the extent possible, without endangering viability, carry out all capital raising measures that can be implemented.
Vodstva bank je treba spodbujati, da v ugodnih razmerah izvedejo daljnosežno prestrukturiranje in tako čim bolj zmanjšajo potrebo po uporabi državne pomoči.
Such measures should include in particular:
Če bi bilo mogoče uporabo državne pomoči razumno preprečiti z ustreznimi in pravočasnimi ukrepi vodstva, mora v skladu s tem vsak subjekt, ki za prestrukturiranje ali pravilno likvidacijo uporablja državno pomoč, zamenjati izvršnega direktorja banke in druge člane uprave, če je to primerno.
rights issues;
Iz istih razlogov morajo ti subjekti izvajati strogo politiko prejemkov vodstvenih delavcev.
voluntary conversion of subordinated debt instruments into equity on the basis of a risk-related incentive;
Pri tem je treba omejiti prejemke vodstvenih delavcev in uvesti spodbude, ki zagotavljajo, da si banka pri izvajanju načrta prestrukturiranja prizadeva doseči trajnostne in dolgoročne cilje podjetja.
liability management exercises which should in principle be 100 % capital generating if the capital shortfall cannot be overcome in full and therefore State aid is required;
Zato mora vsaka banka, ki prejema državno pomoč v obliki dokapitalizacije ali ukrepov za oslabljena sredstva, ustrezno omejiti skupne prejemke osebja, vključno s prejemki članov uprave in višjega vodstva.
capital-generating sales of assets and portfolios;
Omejitev skupnih prejemkov mora zajemati vse možne fiksne in spremenljive sestavne dele in pokojnine ter mora biti v skladu s členoma 93 in 94 direktive EU o kapitalskih zahtevah (direktiva CRD IV) [16].
securitisation of portfolios in order to generate capital from non-core activities;
Nobena banka, ki prejema državno pomoč v obliki dokapitalizacije ali ukrepov za oslabljena sredstva, načeloma ne sme izplačati odpravnine, ki presega znesek, določen z zakonodajo ali v pogodbi.
earnings retention;
Porazdelitev bremena med delničarji in podrejenimi upniki
other measures reducing capital needs.
Državna pomoč lahko ustvari moralno tveganje in oslabi tržno disciplino.
If the identified measures are indicated in the capital raising plan as ones that cannot be implemented within six months from the submission of that plan, the Authority will consult the competent supervisory authority to assess whether it should take those proposed measures into account as capital raising measures.
Za zmanjšanje moralnega tveganja bi bilo treba pomoč dodeliti le pod pogoji, ki zagotavljajo ustrezno porazdelitev bremena med obstoječimi vlagatelji.
There should be incentives for banks' managements to undertake far-reaching restructuring in good times and, thereby, minimize the need to recourse to State support.
Ustrezna porazdelitev bremena po začetnem pokritju izgub z lastniškim kapitalom običajno vključuje prispevke imetnikov hibridnega kapitala in imetnikov podrejenih dolžniških instrumentov.
Accordingly, if recourse to State aid could have reasonably been averted through appropriate and timely management action, any entity relying on State aid for its restructuring or orderly winding down should normally replace the Chief Executive Officer of the bank, as well as board members if appropriate.
Imetniki hibridnega kapitala in imetniki podrejenih dolžniških instrumentov morajo kar najbolj prispevati k zmanjšanju kapitalskega primanjkljaja.
Thus, any bank in receipt of State aid in the form of recapitalisation or impaired asset measures should restrict the total remuneration to staff, including board members and senior management, to an appropriate level.
Nadzorni organ v okviru obvezne porazdelitve bremena na podlagi pravil o državni pomoči v obliki pretvorbe v kapital ali odpisa instrumentov ne bo zahteval prispevkov imetnikov nadrejenih dolžniških instrumentov (zlasti iz naslova zajamčenih vlog, nezajamčenih vlog, obveznic in vseh drugih oblik nadrejenih dolžniških instrumentov).
That cap on total remuneration should include all possible fixed and variable components and pensions, and be in line with Articles 93 and 94 of the EU Capital Requirements Directive (CRD IV) [16].
Kadar kapitalski delež banke, ki je ugotovila kapitalski primanjkljaj, ostaja nad regulativnim minimumom EGP, lahko banka običajno sama obnovi kapitalski položaj, zlasti z ukrepi zbiranja kapitala, kakor so določeni v točki 35.
The total remuneration of any such individual may therefore not exceed 15 times the national average salary in the EFTA State where the beneficiary is incorporated [17] or 10 times the average salary of employees in the beneficiary bank.
Če druge možnosti niso na voljo, vključno s kakršnimi koli drugimi nadzornimi ukrepi, kot so zgodnje ukrepanje ali drugi popravni ukrepi za odpravo primanjkljaja, kakor jih je potrdil pristojni nadzorni organ ali organ za reševanje, je treba podrejene dolžniške instrumente načeloma pretvoriti v lastniški kapital še pred dodelitvijo državne pomoči.
Restrictions on remuneration must apply until the end of the restructuring period or until the bank has repaid the State aid, whichever occurs earlier.
Kadar banka ne izpolnjuje več minimalnih regulativnih kapitalskih zahtev, je treba podrejene dolžniške instrumente načeloma pretvoriti ali odpisati še pred dodelitvijo državne pomoči.
Any bank in receipt of State aid in the form of recapitalisation or impaired asset measures should not in principle make severance payments in excess of what is required by law or contract.
Državna pomoč ne sme biti dodeljena, dokler lastniški kapital, hibridni kapital in podrejeni dolžniški instrumenti ne prispevajo v celoti k izravnavi morebitnih izgub.
Burden-sharing by the shareholders and the subordinated creditors
Izvzetje iz zahtev iz točk 43 in 44 je mogoče, kadar bi izvajanje takih ukrepov ogrozilo finančno stabilnost ali povzročilo nesorazmerne rezultate.
State support can create moral hazard and undermine market discipline.
To izvzetje bi lahko zajemalo primere, ko se dodeljuje razmeroma majhen znesek pomoči v primerjavi s tveganju prilagojenimi sredstvi banke in se je kapitalski primanjkljaj znatno zmanjšal zlasti z ukrepi zbiranja kapitala, kakor so določeni v točki 35.
To reduce moral hazard, aid should only be granted on terms which involve adequate burden-sharing by existing investors.
Nesorazmerne rezultate ali tveganje za finančno stabilnost bi bilo mogoče obravnavati tudi s ponovno proučitvijo zaporedja ukrepov za odpravo kapitalskega primanjkljaja.
Adequate burden-sharing will normally entail, after losses are first absorbed by equity, contributions by hybrid capital holders and subordinated debt holders.
V okviru izvajanja točk 43 in 44 bi bilo treba upoštevati načelo „noben upnik ne sme biti na slabšem“ [19].
Hybrid capital and subordinated debt holders must contribute to reducing the capital shortfall to the maximum extent.
Zato podrejeni upniki z ekonomskega vidika ne bi smeli prejeti manj, kot bi bil njihov instrument vreden, če državna pomoč ne bi bila dodeljena.
Such contributions can take the form of either a conversion into Common Equity Tier 1 [18] or a write-down of the principal of the instruments.
Preprečevanje odlivov sredstev pred sklepom o prestrukturiranju
In any case, cash outflows from the beneficiary to the holders of such securities must be prevented to the extent legally possible.
Za omejitev pomoči na najmanjši potrebni znesek je treba čim prej preprečiti odlive sredstev.
The Authority will not require contribution from senior debt holders (in particular from insured deposits, uninsured deposits, bonds and all other senior debt) as a mandatory component of burden-sharing under State aid rules whether by conversion into capital or by write-down of the instruments.
Od trenutka, ko banka opredeli ali naj bi opredelila svoje potrebe po kapitalu, bi morala banka zato po mnenju Nadzornega organa sprejeti vse potrebne ukrepe, da bi obdržala svoja sredstva.
Where the capital ratio of the bank that has the identified capital shortfall remains above the EEA regulatory minimum the bank should normally be able to restore the capital position on its own, in particular through capital raising measures as set out in point (35).
Institucije, ki so opredelile ali bi morale opredeliti potrebe po kapitalu, od navedenega trenutka zlasti:
If there are no other possibilities, including any other supervisory action such as early intervention measures or other remedial actions to overcome the shortfall as confirmed by the competent supervisory or resolution authority, then subordinated debt must be converted into equity, in principle before State aid is granted.
ne smejo izplačevati dividend na delnice ali kuponov hibridnih kapitalskih instrumentov (ali katerih koli drugih instrumentov z diskrecijskim izplačilom kuponov);
In cases where the bank no longer meets the minimum regulatory capital requirements, subordinated debt must be converted or written down, in principle before State aid is granted.
ne smejo odkupovati hibridnih kapitalskih instrumentov, razen če bi tak ukrep, po možnosti v povezavi z drugimi, pripomogel k temu, da bi lahko institucija popolnoma pokrila kapitalski primanjkljaj, če bi vsaj približno dosegal sedanje tržne ravni [20] in ne bi presegal tržne cene za več kot 10 %, pri čemer mora vsak odkup predhodno odobriti Nadzorni organ;
State aid must not be granted before equity, hybrid capital and subordinated debt have fully contributed to offset any losses.
ne smejo brez predhodne odobritve Nadzornega organa opravljati nobenih transakcij v zvezi z upravljanjem kapitala;
An exception to the requirements in points 43 and 44 can be made where implementing such measures would endanger financial stability or lead to disproportionate results.
ne smejo pridobivati deležev v podjetjih ne v obliki sredstev ne v obliki prenosa delnic.
This exception could cover cases where the aid amount to be received is small in comparison to the bank's risk weighted assets and the capital shortfall has been reduced significantly in particular through capital raising measures as set out in point 35.
Navedena zahteva ne zajema:
Disproportionate results or a risk to financial stability could also be addressed by reconsidering the sequencing of measures to address the capital shortfall.
pridobitve poslov po predhodni odobritvi Nadzornega organa, če je treba v izrednih okoliščinah ponovno vzpostaviti finančno stabilnost ali zagotoviti učinkovitost konkurence;
In the context of implementing points 43 and 44 the ‘no creditor worse off principle’ [19] should be adhered to.
se pri oglaševanju ne smejo sklicevati na državno pomoč in uporabljati agresivnih poslovnih strategij, ki jih brez pomoči države Efte ne bi izvajali.
Thus, subordinated creditors should not receive less in economic terms than what their instrument would have been worth if no State aid were to be granted.
Ker je treba zagotoviti omejitev pomoči na najmanjši potrebni znesek, bo Nadzorni organ, če banka sprejme ukrepe, ki niso v skladu z zahtevami iz točke 47, v trenutku, ko bi moralo dobro vodeno podjetje poznati svoje potrebe po dodatnem kapitalu, za oblikovanje zahtevanih ukrepov za omejitev izkrivljanja konkurence znesku pomoči dodal znesek, ki ustreza odlivu sredstev.
Preventing the outflow of funds prior to a restructuring decision
Pokritje preostalega kapitalskega primanjkljaja s pomočjo za prestrukturiranje
In particular, from that moment on, institutions which have identified or should have identified capital needs:
POMOČ ZA REŠEVANJE V OBLIKI DOKAPITALIZACIJE IN UKREPOV ZA OSLABLJENA SREDSTVA
must not pay dividends on shares or coupons on hybrid capital instruments (or any other instruments for which the coupon payment is discretionary);
Ko bo Nadzorni organ začel uporabljati načela iz teh smernic, bo morala država Efte Nadzornemu organu priglasiti načrt prestrukturiranja, dokapitalizacija ali ukrepi za oslabljena sredstva pa se bodo izvajali šele po odobritvi državne pomoči.
and
Če država Efte uveljavlja klavzulo finančne stabilnosti, bo Nadzorni organ zahteval predhodno analizo, ki jo izvede pristojni nadzorni organ in ki potrjuje obstoj sedanjega (ne predvidenega) kapitalskega primanjkljaja, zaradi katerega bi bil nadzornik v odsotnosti takih ukrepov prisiljen nemudoma umakniti dovoljenje institucije za opravljanje bančnih storitev.
must not buy back hybrid capital instruments, unless such a measure, possibly in combination with others, allows the institution to fully absorb its capital shortfall, and occurs sufficiently close to current market levels [20] and at not more than 10 % above the market price; any buy back is subject to prior approval by the Authority;
Poleg tega bo vsaka taka analiza morala pokazati, da se izjemnemu tveganju za finančno stabilnost ni mogoče v dovolj kratkem času izogniti z zasebnim kapitalom ali katerim koli drugim manj izkrivljajočim začasnim ukrepom, na primer državnim jamstvom.
must not acquire a stake in any undertaking, be it an asset or a share transfer.
Poleg tega pomoč za reševanje v obliki dokapitalizacije in ukrepov za oslabljena sredstva ne sme preprečevati izpolnjevanja zahtev glede porazdelitve bremena iz teh smernic.
That requirement does not cover:
Posledično se morajo zahtevani ukrepi glede porazdelitve bremena izvajati kot del pomoči za reševanje ali pa je treba dokapitalizacijo ali ukrepe za oslabljena sredstva urediti tako, da omogočajo naknadno izvajanje ukrepov glede porazdelitve bremena.
acquisitions that take place in the ordinary course of the banking business in the management of existing claims towards ailing firms;
Tako naknadno izvajanje je mogoče na primer doseči z dokapitalizacijo lastniškega kapitala v obliki, ki je nadrejena obstoječemu kapitalu in podrejenim dolžniškim instrumentom ter hkrati skladna z regulativnim in nadzornim okvirom, ki se uporablja.
and (ii) the acquisition of stakes in undertakings provided that the purchase price paid is less than 0,01 % of the last available balance sheet size of the institution at that moment and that the cumulative purchase prices paid for all such acquisitions from that moment until the end of the restructuring period is less than 0,025 % of its last available balance sheet size at that moment;
Po odobritvi pomoči za reševanje mora država Efte predložiti načrt prestrukturiranja v skladu s smernicami o prestrukturiranju v dveh mesecih od datuma sklepa o začasni odobritvi pomoči.
the acquisition of a business, after obtaining the Authority's approval, if it is, in exceptional circumstances, necessary to restore financial stability or to ensure effective competition;
Načrt prestrukturiranja se oceni na podlagi smernic o prestrukturiranju, pri čemer se upoštevajo načela glede porazdelitve bremena, opredeljena v teh smernicah.
must refrain from advertising referring to State support and from employing any aggressive commercial strategies which would not take place without the support of the EFTA State.
SHEME ZA DOKAPITALIZACIJO IN PRESTRUKTURIRANJE MAJHNIH INSTITUCIJ
As it needs to be ensured that the aid is limited to the minimum necessary, if a bank undertakes actions which are not in line with the requirements listed in point 47 at a point in time when its need for additional capital should have been evident to a well-run business, the Authority will, for the purpose of establishing the required measures to limit distortions of competition, add an amount equivalent to the outflow of funds to the aid amount.
Pomoč majhnim bankam pogosto manj vpliva na konkurenco kot pomoč, dodeljena večjim bankam.
Covering the residual capital shortfall with restructuring aid
Zaradi navedenega razloga in za zagotovitev sorazmerne upravne obravnave je pri majhnih bankah ustrezno dovoliti uporabo poenostavljenega postopka, pri tem pa je treba zagotoviti, da je izkrivljanje konkurence čim bolj omejeno.
If after the implementation of the capital raising and burden-sharing measures a capital shortfall remains, it can in principle be covered by public recapitalisation, impaired asset measures or a combination of the two.
Zato je Nadzorni organ pripravljen odobriti sheme za dokapitalizacijo in prestrukturiranje majhnih institucij, kadar so pristojnosti takih shem jasne ter so sheme omejene na šest mesecev in upoštevajo pravila iz smernic o finančni krizi, zlasti zahteve glede porazdelitve bremena iz teh smernic.
In order for such aid to be compatible, a restructuring plan has to be submitted to the Authority which needs to comply with the relevant sections of the Crisis Guidelines.
Nadzorni organ bo vse take sheme ocenil in preveril, ali dosegajo svoj namen in ali se pravilno izvajajo.
RESCUE AID IN THE FORM OF RECAPITALISATION AND IMPAIRED ASSET MEASURES
Zato mora država Efte po odobritvi sheme vsakih šest mesecev predložiti poročilo o uporabi sheme.
Once the Authority begins to apply the principles set out in theseGuidelines an EFTA State will have to notify a restructuring plan to the Authority and obtain State aid approval before any recapitalisation or impaired asset measures are taken.
JAMSTVA IN LIKVIDNOSTNA PODPORA ZUNAJ ZAGOTAVLJANJA LIKVIDNOSTI CENTRALNE BANKE
However, such measures can exceptionally be authorised by the Authority to be granted by the EFTA State on a temporary basis as rescue aid before a restructuring plan is approved, if such measures are required to preserve financial stability.
Likvidnostna podpora in jamstva za obveznosti začasno stabilizirajo stran obveznosti bilance stanja banke.
If an EFTA State invokes this financial stability clause, the Authority will request an ex ante analysis from the competent supervisory authority confirming that a current (not prospective) capital shortfall exists, which would force the supervisor to withdraw the institution's banking license immediately if no such measures were taken.
V nasprotju z dokapitalizacijo ali ukrepi za oslabljena sredstva, ki pred dodelitvijo načeloma zahtevajo predhodno priglasitev načrta prestrukturiranja zadevne države Efte in odobritev Nadzornega organa, se zato Nadzorni organ lahko strinja, da države Efte priglasijo jamstva in likvidnostno podporo, ki bodo po začasni odobritvi dodeljeni v obliki pomoči za reševanje, preden se odobri načrt prestrukturiranja.
Moreover, any such analysis will have to demonstrate that the exceptional risk to financial stability cannot be averted with private capital within a sufficiently short period of time or by any other less distorting temporary measure such as a State guarantee.
Jamstva in likvidnostno podporo se lahko Nadzornemu organu priglasijo posamično;
Any rescue measure falling under point 50 has to be notified to the Authority.
poleg tega lahko Nadzorni organ za največ šest mesecev tudi odobri sheme, ki določajo ukrepe v zvezi z likvidnostjo.
In order to be temporarily approved by the Authority, such a measure must comply with the rules governing the remuneration and burden-sharing of such measures set out in the Recapitalisation Guidelines, the 2011 Prolongation Guidelines and, where applicable, the Impaired Asset Guidelines.
Take sheme morajo biti omejene na banke brez kapitalskega primanjkljaja.
Moreover, rescue aid in the form of recapitalisation and impaired asset measures must not prevent compliance with the burden-sharing requirements set out in these Guidelines.
Kadar mora banka s kapitalskim primanjkljajem nujno obnoviti likvidnost, se zahteva posamična priglasitev Nadzornemu organu [21].
Consequently, either the required burden-sharing measures must be implemented as part of the rescue aid, or the recapitalisation or impaired asset measures must be arranged in a manner that allows for the implementation of the burden-sharing measures ex post.
V takih okoliščinah Nadzorni organ smiselno uporabi postopek iz točk 32 do 34, vključno z zahtevo po načrtu prestrukturiranja ali likvidacije, razen če je pomoč povrnjena v dveh mesecih.
Such ex post implementation may be achieved by, for example, equity recapitalisation in a form that is senior to existing capital and subordinated debt instruments, whilst being compliant with the applicable regulatory and supervisory framework.
Da bi Nadzorni organ odobril jamstva in likvidnostno podporo, morajo biti izpolnjene naslednje zahteve:
Following the authorisation of rescue aid, the EFTA State must submit a restructuring plan in line with the Restructuring Guidelines within two months of the date of the decision temporarily approving the aid.
jamstva se lahko odobrijo samo za nove izdaje nadrejenih dolžniških instrumentov kreditnih institucij (podrejeni dolžniški instrumenti niso vključeni);
The restructuring plan will be assessed on the basis of the Restructuring Guidelines, taking into account the principles of burden-sharing described in these Guidelines.
jamstva se lahko odobrijo samo za dolžniške instrumente z ročnostjo od treh mesecev do petih let (ali največ sedem let za krite obveznice).