natgillin/translations-raw huggingface dataset:
It focuses on issues relating to liquidity regulation and to developments in the organisation of cross-border banks » liquidity risk management , as well as the potential implications for financial stability .
Poročilo se osredotoča na predpise o likvidnosti , dogajanja na področju organizacije upravljanja likvidnostnega tveganja čezmejnih bank ter na morebitne posledice za finančno stabilnost .
The main findings of the report can be summarised as follows .
Glavne ugotovitve poročila je mogoče povzeti v naslednje točke .
First , cross-border banks do not perceive that the fragmentation of liquidity risk regulation in the EU imposes undue restrictions on the management of intragroup liquidity across borders .
Prvič , čezmejne banke nimajo občutka , da razdrobljenost ureditve likvidnostnega tveganja v EU predstavlja nepotrebne omejitve za upravljanje čezmejne likvidnosti v skupini .
However , banks indicated that other regulations related to homehost arrangements and large exposure limits may pose potential obstacles to efficient liquidity risk management .
Vseeno so navedle , da bi lahko drugi predpisi v zvezi z urejanjem domačega in gostujočega nadzora ter limiti velike izpostavljenosti predstavljali ovire za učinkovito upravljanje likvidnostnega tveganja .
Second , while cross-border banks acknowledge the utility of initiatives taken by central banks to address problems related to international liquidity flows and the crossborder use of collateral , they note that certain hurdles regarding the pooling of liquidity and the cross-border use of collateral may remain .
Drugič , čezmejne banke sicer priznavajo , da so pobude centralnih bank za reševanje problemov , povezanih z mednarodnimi tokovi likvidnosti in čezmejno uporabo finančnega premoženja za zavarovanje terjatev , uporabne , vendar poudarjajo , da nekaj ovir glede združevanja likvidnosti in čezmejne uporabe zavarovanja še vedno ostaja .
Third , despite the remaining differences in the liquidity risk management of cross-border banks , the trend towards the centralisation of liquidity management policies and procedures ,
Tretjič , kljub preostalim razlikam v upravljanju likvidnostnega tveganja čezmejnih bank je bil potrjen trend centralizacije politik in postopkov upravljanja tveganj in decentralizacije vsakodnevnega upravljanja likvidnosti .
and the decentralisation of day-to-day liquidity management , was confirmed . Fourth , sophisticated internal liquidity risk management approaches are still not widely employed , but the larger banks which have developed such approaches would also wish to use them for regulatory purposes .
Četrtič , uporaba kompleksnih notranjih pristopov upravljanja likvidnostnih tveganj sicer še ni splošno razširjena , vendar večje banke , ki so take pristope oblikovale , te pristope želijo uporabljati tudi za regulativne namene .
On the other hand , smaller banks currently use regulatory liquidity ratios also for internal management purposes .
Po drugi strani manjše banke trenutno uporabljajo predpi - sane količnike likvidnosti tudi za namene notranjega upravljanja .
Finally , the shortening of the time horizon for banks » payment obligations , the use of more marketbased and potentially more volatile funding sources and the increasing need for high-quality collateral were identified as being among the major market developments affecting banks » liquidity risk management . Looking ahead , the ECB , in cooperation with the BSC , will continue its work in this important area .
In zadnja točka , ugotovljeno je bilo , da med najpomembnejše dejavnike , ki vplivajo na upravljanje likvidnostnega tveganja bank , sodijo skrajšana obdobja za plačilne obveznosti bank , uporaba bolj tržnih in potencialno bolj nestanovitnih virov financiranja in večja potreba po zelo kakovostnem finančnem premoženju za zavarovanje terjatev . ECB bo na tem pomembnem področju v prihodnje še naprej sodelovala z Odborom za bančni nadzor .
In this context , the BSC will analyse current practices regarding EU banks » liquidity risk stress-testing and contingency funding plans .
Pri tem bo odbor analiziral sedanje postopke glede testiranja izjemnih situacij v zvezi z likvidnostnim tveganjem bank EU in načrte kriznega financiranja .
Work is also under way at the ECB in relation to the potential pro-cyclical effects of the CRD .
ECB proučuje tudi možnost procikličnih učinkov direktive o kapitalski ustreznosti .
Under the CRD , the European Commission , in cooperation with the Member States , and taking into account the contribution of the ECB , has been given a mandate to periodically monitor whether the minimum capital requirements have significant effects on the economic cycle , and to propose remedial measures if this is found to be the case .
V skladu s to direktivo je Evropska komisija v sodelovanju z državami članicami in ob upoštevanju prispevka ECB dobila mandat , da v rednih presledkih preverja , ali minimalne kapitalske zahteve pomembno vplivajo na ekonomski cikel , in da , če to ugotovi , predlaga korektivne ukrepe .
To this end , the BSC and CEBS are jointly developing an analytical framework for assessing the potential pro-cyclical impact of the new regulatory capital framework .
Odbor za bančni nadzor in Odbor evropskih bančnih nadzornikov v ta namen skupaj pripravljata analitični okvir za ocenjevanje potencialnega procikličnega učinka novega regulativnega kapitalskega okvira .
2.3 SECURITIES The ECB contributed to the EU 's regulatory work in the area of securities through its participation in the European Securities Committee .
2.3 VREDNOSTNI PAPIRJI ECB je s svojim sodelovanjem v evropskem odboru za vrednostne papirje prispevala k regulativnemu delu EU na področju vrednostnih papirjev .
The ECB also participated with observer status in the work of the European Securities Market Expert Group ( ESME ) , established by the European Commission as an advisory body for the securities sector . ECB Annual Report 2007
ECB je kot opazovalka sodelovala tudi pri delu strokovne skupine za evropske trge vrednostnih papirjev ( ESME ) , ki jo je Evropska komisija ustanovila kot posvetovalni organ za sektor vrednostnih papirjev .
151 In general , public authorities focused their attention in 2007 on the correct implementation by Member States of both the Markets in Financial Instruments Directive and the Transparency Directive , as well as on the assessment of the need for further regulatory intervention .
Na splošno so se javni organi v letu 2007 posvečali predvsem vprašanju , ali države članice pravilno izvajajo direktivo o trgih finančnih instrumentov in direktivo o preglednosti , ter ocenjevanju potrebe po dodatnih regulativnih posegih .
More specifically , the ECB actively participated in international and European fora in the debate on possible regulatory measures for hedge funds , given their increasing role in the financial system and the possible implications for financial stability .
Natančneje je ECB v mednarodnih in evropskih forumih dejavno sodelovala v razpravi o mogočih regulativnih ukrepih za hedge sklade glede na njihovo vse večjo vlogo v finančnem sistemu in možne posledice za finančno stabilnost .
Following a report on highly leveraged institutions prepared by the Financial Stability Forum ( FSF ) , the international consensus on the prevailing indirect regulatory approach , based on the close scrutiny of hedge funds by their counterparties -- mainly banks -- and investors , was confirmed .
Po poročilu o institucijah z velikim finančnim vzvodom , ki ga je pripravil Forum za finančno stabilnost ( FSF ) , je bilo potrjeno mednarodno soglasje o prevladujočem posrednem regulativnem pristopu , ki temelji na podrobnem nadzoru hedge skladov , ki ga izvajajo njihove nasprotne stranke -- predvsem banke -- in vlagatelji .
The indirect approach , together with the pursuit of best practices by market participants , is fully supported by the ECB .
Posredni pristop skupaj s prizadevanji tržnih udeležencev za uporabo najboljših praks uživa polno podporo ECB .
The FSF is closely monitoring the implementation of its recommendations to supervisory authorities , counterparties , investors and the hedge fund industry , and has already reported to the G10 governors and ministers of finance on the progress made so far in this field .
Forum za finančno stabilnost pozorno spremlja izvajanje priporočil , ki jih je izdal nadzornim organom , nasprotnim strankam , vlagateljem in sektorju hedge skladov , in je guvernerjem in finančnim ministrom G10 že poročal o dosedanjem napredku na tem področju .
3 FINANCIAL INTEGRATION The Eurosystem has a keen interest in financial integration in Europe , as a well-integrated financial system enhances the smooth and effective transmission of monetary policy impulses in the euro area and has implications for the Eurosystem 's task of safeguarding financial stability .
3 FINANČNA INTEGRACIJA Eurosistem je zelo zainteresiran za finančno integracijo v Evropi , ker dobro povezan finančni sistem poveča nemoten in učinkovit prenos impulzov denarne politike po vsem euroobmočju in je pomemben za nalogo Eurosistema , da varuje finančno stabilnost .
Financial integration also supports the efficient operation and smooth functioning of payment and securities settlement systems .
Finančna integracija je pomembna tudi za učinkovito in nemoteno delovanje plačilnih sistemov in sistemov poravnave vrednostnih papirjev .
Furthermore , financial integration , a priority objective of the EU , can help to promote the development of the financial system , thereby raising the potential for economic growth .
Poleg tega lahko finančna integracija kot prednostni cilj EU prispeva k razvoju finančnega sistema in izboljšuje možnosti za gospodarsko rast .
The Eurosystem distinguishes between four types of activity through which it contributes to enhancing European financial integration : i ) raising awareness of and monitoring financial integration , ii ) acting as a catalyst for private sector activities by facilitating collective action , iii ) giving advice on the legislative and regulatory framework for the financial system and direct rule-making , and iv ) providing central banking services that also foster financial integration .
Eurosistem razlikuje med štirimi vrstami dejavnosti , s katerimi prispeva h krepitvi evropske finančne integracije : i ) povečevanje osveščenosti o finančni integraciji in spremljanje razmer na tem področju , ii ) vloga pospeševalca pri dejavnostih zasebnega sektorja s spodbujanjem kolektivnega delovanja , iii ) svetovanje pri oblikovanju zakonodajnega in regulativnega okvira finančnega sistema in neposrednega oblikovanja pravil ter iv ) izvajanje storitev centralnega bančništva , ki prav tako pospešujejo finančno integracijo .
The ECB continued its activities in all four areas throughout 2007 .
ECB je v letu 2007 nadaljevala svoje dejavnosti na vseh štirih področjih .
RAISING AWARENESS OF AND MONITORING FINANCIAL INTEGRATION In March 2007 the ECB published a new annual publication entitled « Financial integration in Europe » .
OSVEŠČANJE IN SPREMLJANJE FINANČNE INTEGRACIJE Marca 2007 je ECB objavila novo letno publikacijo z naslovom finančna integracija v Evropi ( „Financial integration in Europe ") .
The main purpose of this report is to contribute to the advancement of European financial integration and to raise public awareness of the Eurosystem 's role in supporting the financial integration process .
Glavni namen tega poročila je prispevati k nadaljnji evropski finančni integraciji in povečati osveščenost javnosti o vlogi Eurosistema pri podpiranju procesa finančne integracije .
The first chapter sets out the ECB 's assessment of the state of financial integration in the euro area .
Prvo poglavje podaja oceno ECB o stanju finančne integracije v euroobmočju .
This assessment is based on a set of quantitative indicators -- with detailed elaborations thereof in a statistical annex -- covering many important aspects of the financial system ( such as the money , bond , equity and banking markets , as well as market infrastructures ) which are published semi-annually on the ECB 's website and annually in this new report .
Ta ocena temelji na vrsti kvantitativnih kazalnikov ( z njihovo podrobno obdelavo v statistični prilogi ) , ki zajemajo mnoge pomembne vidike finančnega sistema ( kot so denarni in obvezniški trg , trg lastniških vrednostnih papirjev in bančni trg ter tržne infrastrukture ) , ki so polletno objavljeni na spletni strani ECB in letno v tem novem poročilu .
The second chapter , entitled « Special features » , contains in-depth analyses of selected issues .
Drugo poglavje z naslovom posebne značilnosti vsebuje poglobljeno analizo izbranih tem .
The topics are generally chosen on the basis of their importance to the EU 's financial integration agenda and their relevance to the pursuit of the ECB 's tasks .
Te so v glavnem izbrane glede na njihov pomen za finančno integracijo EU in izpolnjevanje nalog ECB .
The second chapter of the first report covers the following topics : monetary policy and financial integration , strengthening the EU framework for cross-border banks , and the Single Euro Payments Area ( SEPA ) initiative and its implications for financial integration .
Drugo poglavje prvega poročila zajema naslednje naslove : denarna politika in finančna integracija , krepitev okvira EU za čezmejne banke ter pobuda za enotno območje plačil v eurih in njegove posledice za finančno integracijo .
Finally , the third chapter provides an overview of the Eurosystem 's contribution over the past calendar year towards achieving more integrated and developed financial markets in Europe .
Tretje poglavje pa predstavlja dejavnosti , s katerimi je Eurosistem v preteklem letu prispeval k oblikovanju bolj integriranih in razvitejših finančnih trgov v Evropi .
In 2007 the ECB also continued its involvement in the Research Network on Capital Markets and Financial Integration in Europe , run in cooperation with the Center for Financial Studies at the University of Frankfurt am Main .
ECB je v letu 2007 še naprej sodelovala v raziskovalni mreži za kapitalske trge in finančno integracijo v Evropi , ki jo vodi skupaj s centrom za finančne študije frankfurtske univerze .
The network continued its series of conferences with academics , market participants and policy-makers , with the active participation of NCBs .
Raziskovalna mreža je nadaljevala svojo serijo konferenc s profesorji , tržnimi udeleženci in oblikovalci politike , pri čemer so dejavno sodelovale tudi nacionalne centralne banke .
Its ninth conference , hosted by the Central Bank and Financial Services Authority of Ireland in Dublin on 8-9 October 2007 , focused on « Asset management , private equity firms and international capital flows : their role for financial integration and efficiency » .
oktobra 2007 v Dublinu gostila irska centralna banka , je osrednjo pozornost namenila upravljanju sredstev , podjetjem zasebnega lastniškega kapitala in mednarodnim kapitalskim tokovom : njihova vloga pri finančni integraciji in učinkovitosti .
In the context of the network , the ECB awards each year five « Lamfalussy Fellowships » to young researchers .
ECB mladim raziskovalcem v okviru raziskovalne mreže vsako leto podeli pet štipendij raziskovalnega programa Lamfalussy Fellowships .
Given that financial integration is expected to have implications for the development of the financial system and for economic growth , the ECB 's work on financial integration is closely linked to its wider analysis of factors supporting the adequate functioning of financial systems .
Ker bo finančna integracija po pričakovanjih vplivala na razvoj finančnega sistema in na gospodarsko rast , je delo ECB na področju finančne integracije tesno povezano z njenimi širšimi analizami dejavnikov , ki podpirajo ustrezno delovanje finančnih sistemov .
Work in this area continued in 2007 , with the aim of setting out a conceptual framework for measuring the development of the financial system .
Delo na tem področju se je v letu 2007 nadaljevalo v smeri vzpostavitve konceptualnega okvira za merjenje razvoja finančnega sistema .
ACTING AS A CATALYST FOR PRIVATE SECTOR ACTIVITIES Progress in European financial integration depends to a large extent on private sector initiatives aiming to make use of the existing opportunities for cross-border business .
VLOGA POSPEŠEVALCA PRI DEJAVNOSTIH ZASEBNEGA SEKTORJA Napredek evropske finančne integracije je v veliki meri odvisen od pobud zasebnega sektorja , katerih cilj je izraba obstoječih možnosti za čezmejno poslovanje .
Public authorities support such private efforts . ECB Annual Report 2007
Javni organi podpirajo takšna zasebna prizadevanja .
153 In 2007 the Eurosystem continued its support for the SEPA initiative .
Eurosistem je v letu 2007 še naprej podpiral pobudo za enotno območje plačil v eurih ( SEPA ) . Projekt je leta 2007 s pripravami na ECB Letno poročilo 2007
The project implementation reached its most important phase in 2007 , in preparation for the launch of the SEPA in January 2008 .
uvedbo SEPA v januarju 2008 dosegel najpomembnejšo fazo .
The Eurosystem strengthened its catalyst role by maintaining a constant dialogue with banks and other stakeholders and by intensifying coordination efforts with the European Commission .
Eurosistem je svojo vlogo pospeševalca okrepil z vzdrževanjem stalnega dialoga z bankami in drugimi deležniki ter s tesnejšim usklajevanjem dejavnosti z Evropsko komisijo .
In July 2007 the Eurosystem stated its position on all relevant topics in its fifth SEPA progress report , which addresses the status of and recommendations on SEPA instruments and infrastructures , presents the Eurosystem 's views on the implementation measures and migration towards the SEPA , and deals with the legal framework for the SEPA and the governance of the related schemes and frameworks .
Julija 2007 je Eurosistem izrazil svoje stališče o pomembnih temah v petem poročilu o napredku SEPA , v katerem obravnava stanje in priporočila o instrumentih in infrastrukturah SEPA , predstavlja poglede Eurosistema na izvedbene ukrepe in prehod na SEPA ter obravnava pravni okvir SEPA ter način vodenja shem in okvirov .
The Eurosystem worked very closely with the European Commission , especially in supporting the adoption of the Payment Services Directive ( PSD ) 5 , which was approved by the European Parliament on 24 April 2007 and by the EU Council on 15 October 2007 .
Eurosistem je deloval v tesnem sodelovanju z Evropsko komisijo , zlasti pri podpori za sprejem direktive o plačilnih storitvah 5 , ki jo je Evropski parlament potrdil 24 . aprila 2007 , Svet EU pa 15 .
The ECB and the Commission issued a joint statement welcoming the adoption of the PSD as a decisive step towards the realisation of the SEPA .
ECB in Komisija sta objavili skupno izjavo , s katero sta sprejem direktive pozdravili kot ključni korak k vzpostavitvi območja SEPA .
With regard to the SEPA implementation process , the NCBs are directly involved in the work of the national bodies responsible for migration to the SEPA .
Nacionalne centralne banke so pri izvedbenem procesu projekta SEPA neposredno vključene v delo nacionalnih organov , ki so odgovorni za prehod na SEPA .
At the European level , the ECB provided an analytical framework which allowed comparisons between national implementation plans .
ECB je na evropski ravni zagotovila analitični okvir , ki je omogočal primerjave med različnimi nacionalnimi izvedbenimi načrti .
The Eurosystem hosted several fora to facilitate an open dialogue with banks , users and infrastructure providers , and supported similar initiatives by banks and the European Commission .
Eurosistem je gostil več forumov za krepitev odprtega dialoga z bankami , uporabniki in ponudniki infrastrukture ter podpiral podobne pobude bank in Evropske komisije .
The Eurosystem provided information to all stakeholders in brochures and on the websites of the ECB and the NCBs , and is hosting a link directory which brings together SEPA-related information .
Vsem deležnikom je posredoval tudi informacije v brošurah in na spletnih straneh ECB oz . nacionalnih centralnih bank ter gostil direktorij povezav , ki združuje informacije , povezane s SEPA .
Euro card schemes operating in Europe have needed to comply with the SEPA cards framework since the beginning of 2008 , and the SEPA credit transfer was launched on 28 January 2008 .
Eurske kartične sheme , ki delujejo v Evropi , morajo biti skladne s kartičnim okvirom SEPA od začetka leta 2008 , kreditna plačila SEPA pa so bila uvedena 28 . januarja 2008 .
To mark this important milestone , the ECB , the European Commission
Ob tem pomembnem mejniku so ECB , Evropska komisija in Evropski svet za plačila 28 .
and the European Payments Council organised a high-level SEPA launch event for SEPA stakeholders and the media on 28 January .
januarja organizirali prireditev na visoki ravni za deležnike sistema SEPA in medije .
The ECB has supported the Short-Term European Paper ( STEP ) initiative since its inception in 2001 .
ECB od samega začetka v letu 2001 podpira pobudo evropski kratkoročni vrednostni papirji ( STEP ) .
Following the successful launch of the STEP market in July 2006 , the Eurosystem has continued to contribute to the initiative in two main areas .
Po uspešni uvedbi trga STEP v juliju 2006 je Eurosistem k pobudi še naprej prispeval na dveh glavnim področjih . Prvič , ECB in
First , the ECB and nine euro area NCBs will continue to provide technical assistance to the STEP Secretariat in the STEP labelling process until June 2008 .
devet nacionalnih centralnih bank euroobmočja bodo do junija 2008 sekretariatu STEP še naprej zagotavljale tehnično pomoč pri procesu označevanja z oznako STEP .
However , the ultimate responsibility for granting and withdrawing the STEP label rests with the STEP Secretariat .
Kljub temu je za odobritev in odvzem oznake STEP zadnji pristojen sekretariat STEP .
Second , the ECB regularly publishes statistics on yields and volumes in the STEP market on its website .
Drugič , ECB bo na svoji spletni strani redno objavljala statistične podatke o donosih in obsegih na trgu STEP .
The STEP statistics are expected to play an important role in fostering the integration of this market by contributing to greater transparency .
Statistični podatki STEP bodo s povečevanjem preglednosti trga predvidoma igrali pomembno vlogo pri pospeševanju integracije tega trga .
Since September 2006 the ECB has published STEP statistics on monthly outstanding amounts , and since April 2007 it has released STEP statistics on yields on a daily basis for selected data providers .
ECB od septembra 2006 objavlja statistične podatke STEP o mesečnih stanjih , od aprila 2007 pa dnevno objavlja statistične podatke STEP o donosih za izbrane posredovalce podatkov .
It is planned to publish daily statistics for all data providers from 2008 .
Dnevni statistični podatki za vse posredovalce podatkov se bodo predvidoma objavljali od leta 2008 .
ADVICE ON THE LEGISLATIVE AND REGULATORY FRAMEWORK FOR THE FINANCIAL SYSTEM AND DIRECT RULE-MAKING The Eurosystem regularly contributes to the development of the EU legislative and regulatory framework by providing advice on the main policy developments and initiatives under way .
SVETOVANJE GLEDE ZAKONODAJNEGA IN REGULATIVNEGA OKVIRA ZA FINANČNI SISTEM IN NEPOSREDNO OBLIKOVANJE PRAVIL Eurosistem k oblikovanju zakonodajnega in regulativnega okvira EU redno prispeva s svetovanjem glede glavnih dogajanj na področju tekočih politik in pobud .
Activity with regard to the EU framework for financial supervision focused in 2007 on the broad-based review of the Lamfalussy framework , to which the Eurosystem contributed ( see Section 2 of this chapter ) .
Dejavnosti glede okvira EU za finančni nadzor so bile v letu 2007 usmerjene na široko zasnovano posodobitev Lamfalussyjevega okvira , pri čemer je sodeloval tudi Eurosistem ( glej razdelek 2 tega poglavja ) .