natgillin/translations-raw huggingface dataset:
Furthermore , depositguarantee schemes introduced and officially recognised in one Member State must cover the depositors at branches set up by credit institutions in other Member States .
Ob tem morajo sistemi zajamčenih vlog , ustanovljeni in uradno priznani v eni državi članici , ščititi tudi vlagatelje podružnic , ki so jih kreditne institucije ustanovile v drugih državah članicah .
The ECB also recommends amending Article 41 of Directive 2006/48 / EC applying to the responsibility for the measures resulting from the implementation of monetary policy with a view to taking account of the existence of the European System of Central Banks ( ESCB ) .
ECB priporoča tudi , da se spremeni člen 41 Direktive 2006/48 / ES o odgovornosti za ukrepe , ki izhajajo iz izvajanja denarne politike , tako da bo upošteval obstoj Evropskega sistema centralnih bank ( ESCB ) .
Exchange of information and cooperation between central banks and supervisory authorities ( new proposed Article 42a ( 2 ) , Article 49 and Article 130 ( 1 ) of Directive 2006/48 / EC ) 13 .
Izmenjava informacij in sodelovanje med centralnimi bankami in nadzornimi organi ( novi predlagani člen 42a ( 2 ) , člen 49 in člen 130 ( 1 ) Direktive 2006/48 / ES ) 13 .
The ECB supports the clarification of the existing coordination and information sharing obligations between financial stability authorities in an emergency situation , including adverse developments in financial markets .
ECB podpira pojasnitev obstoječih obveznosti usklajevanja in delitev informacij med organi za finančno stabilnost v izrednih razmerah , vključno z neugodnim razvojem na finančnih trgih .
The clarification of the existing obligations is particularly welcome as regards the sharing of information on specific banking groups between supervisory authorities and central banks .
Pojasnitev obstoječih obveznosti je zlasti dobrodošla glede delitve informacij o posebnih bančnih skupinah med nadzornimi organi in centralnimi bankami .
The ECB notes that , whereas Directive 2006/48 / EC provides that supervisory authorities should not be prevented from transmitting information to central banks , including the ECB ( 3 ) , for the purposes of their tasks ( 4 ) , the proposed directive provides that , in an emergency situation as referred to in Directive 2006/48 / EC ( 5 ) , Member States must allow supervisory authorities to communicate information to central banks in the Community .
Medtem ko Direktiva 2006/48 / ES določa , da nadzornim organom ne bi smelo biti preprečeno posredovati informacij centralnim bankam , vključno z ECB ( 3 ) , za opravljanje njihovih nalog ( 4 ) , ECB ugotavlja , da predlagana direktiva določa , da morajo države članice v izrednih razmerah , kakor so navedene v Direktivi 2006/48 / ES ( 5 ) , dovoliti nadzornim organom , da posredujejo informacije centralnim bankam v Skupnosti .
In both « normal times » and emergency situations , the proposed directive provides that this communication of information applies when the information is relevant for the exercise of central banks » tasks .
Tako za „normalne čase » kot izredne razmere predlagana direktiva določa , da se te informacije posredujejo , ko so pomembne za izvajanje nalog centralnih bank .
The ECB welcomes these amendments , and in particular the introduction in Directive 2006/48 / EC of an express reference to the non-exhaustive list of central banks » tasks , including the conduct of monetary policy , the oversight of payments and securities settlement systems , and the safeguarding of financial stability , for which this communication of information would be relevant .
ECB pozdravlja te spremembe in zlasti tudi , da se v Direktivo 2006/48 / ES uvaja izrecno navedbo nezaključenega seznama nalog centralnih bank , vključno z vodenjem denarne politike , pregledom nad plačili in sistemi poravnave vrednostnih papirjev ter varovanjem finančne stabilnosti , za katere bi bilo to posredovanje informacij pomembno .
The ECB also makes the two following observations .
ECB podaja tudi naslednji opažanji .
First , while the ( 1 ) Second part of the CEBS 's technical advice to the European Commission on liquidity risk management --- Analysis of specific issues listed by the Commission and challenges not currently addressed in the EEA , 18.9.2008 , CEBS 2008 147 , Recommendation 29 , pp. 11 and 64-66 , available on the CEBS » website at www.c-ebs.org ( 2 ) See the CEBS 's Executive summary regarding work on delegation , 3.9.2008 , available on the CEBS » website at www.c-ebs.org ( 3 ) Article 4 ( 23 ) of Directive 2006/48 / EC .
Prvič , ker zgornji seznam navaja „nadzor plačil in sistemov poravnave vrednostnih papirjev » , bi bilo primerno navesti tudi ( 1 ) Second part of the CEBS 's technical advice to the European Commission on liquidity risk management -- Analysis of specific issues listed by the Commission and challenges not currently addressed in the EEA ( Drugi del tehničnega nasveta Evropski komisiji glede upravljanja likvidnostnega tveganja - Analiza posebnih vprašanj , ki jih je navedla Komisija , in izzivov , ki v EGP trenutno niso urejeni ) , 18.9.2008 , CEBS 2008 147 , Priporočilo 29 , str . 11 in 64 -- 66 , dostopno na spletni strani odbora CEBS na naslovu www.c-ebs.org ( 2 ) Glej Executive summary regarding work on delegation ( Povzetek o delu glede prenosa pristojnosti ) , ki ga je pripravil odbor CEBS , 3.9.2008 , dostopno na spletni strani odbora CEBS na naslovu www.c-ebs.org ( 3 ) Člen 4 ( 23 ) Direktive 2006/48 / ES .
( 4 ) See Article 49 ( a ) of Directive 2006/48 / EC and the new Article 49 ( a ) .
( 4 ) Glej člen 49 ( 1 )( a ) Direktive 2006/48 / ES in novi člen 49 ( a ) .
( 5 ) New Article 130 ( 1 ) .
( 5 ) Novi člen 130 ( 1 ) .
above list of tasks refers to the « oversight of payment and securities settlement systems » ( 1 ) , it would be appropriate to add a reference to « clearing systems » and to consistently use the following wording : « payment , clearing and securities settlement systems » throughout Directive 2006/48 / EC .
„klirinške sisteme » ( 1 ) in dosledno uporabljati naslednjo ubeseditev : „plačilni in klirinški sistemi ter sistemi poravnave vrednostnih papirjev » v vsej Direktivi 2006/48 / ES .
Second , the reference to « statutory » tasks implies that these tasks have been conferred by statute .
Drugič , iz omembe „zakonsko predpisanih » nalog sledi , da so te naloge podeljene z zakonom .
Since , in some cases , functions such as the central bank 's financial stability task may not be statutorily defined , the word « statutory » should be deleted .
Ker v nekaterih primerih funkcije , kot je na primer naloga centralne banke v zvezi s finančno stabilnostjo , niso opredeljene v zakonu , bi se morala beseda „zakonsko » črtati .
The ECB understands that the proposed amendments do not intend to modify the current framework for information sharing between supervisory authorities and central banks in normal situations but seek to further improve information sharing among these authorities when an emergency situation arises .
ECB razume , da predlagane spremembe ne nameravajo spremeniti sedanjega okvira za delitev informacij med nadzornimi organi in centralnimi bankami v normalnih razmerah , ampak poskušajo dodatno izboljšati delitev informacij med temi organi , ko nastopijo izredne razmere .
The ECB considers that some scope for further convergence of the nature of these obligations might be desirable to avoid an undesirable asymmetry in the information available to central banks in normal circumstances and in emergency situations ( 2 ) .
Po mnenju ECB bi bilo morda zaželenega nekaj prostora za dodatno konvergenco narave teh obveznosti , da bi se preprečila neželena asimetrija informacij , dostopnih centralnim bankam v normalnih razmerah in v izrednih razmerah ( 2 ) .
The experience of the Eurosystem central banks suggests that there are significant information-related synergies between the central banking and the prudential supervisory functions .
Izkušnje centralnih bank Eurosistema kažejo , da obstaja v zvezi z informacijami izrazita sinergija med funkcijama centralnega bančništva in bonitetnega nadzora .
This confirms the need to strengthen the interplay between central banks » financial stability assessments and the prudential supervision of individual financial institutions ( 3 ) .
To potrjuje potrebo po krepitvi medsebojnega vplivanja med ocenami centralnih bank o finančni stabilnosti in bonitetnim nadzorom posameznih finančnih institucij ( 3 ) .
In practice , as already pointed out in previous opinions ( 4 ) , the supervision of individual institutions should benefit from the outcome of the central banks » financial stability assessments which in turn should rely also on input coming from supervisors .
Kakor je bilo poudarjeno že v prejšnjih mnenjih ( 4 ) , bi za nadzor posameznih institucij v praksi morali biti na voljo izidi ocen centralnih bank o finančni stabilnosti , ki bi se prav tako morale naslanjati na prispevek nadzornikov .
As an example , supervisory authorities should regularly communicate under normal circumstances with other supervisors and central banks , both within and across borders , to facilitate effective cooperation in the supervision and oversight of liquidity risk management .
Na primer , nadzorni organi bi morali v normalnih razmerah redno komunicirati z drugimi nadzorniki in centralnimi bankami , tako znotraj kot zunaj meja , da bi tako olajšali učinkovito sodelovanje pri nadzoru in pregledu nad upravljanjem likvidnostnega tveganja .
This communication should occur regularly during normal times , but the nature and frequency of the information sharing should be adapted appropriately during times of stress ( 5 ) .
Ta komunikacija bi morala potekati redno v normalnih razmerah , v času pretresov pa bi morali biti narava in pogostost delitve informacij primerno prilagojeni ( 5 ) .
Colleges of supervisors ( new proposed Articles 42a , 129 and 131a ) 16 .
Kolegiji nadzornikov ( novi predlagani člen 42a , 129 in 131a ) 16 .
The ECB welcomes the proposed strengthening of the legal underpinnings of the colleges of supervisors ( 6 ) .
ECB pozdravlja predlagano krepitev pravnih temeljev kolegijev nadzornikov ( 6 ) .
This is a step towards achieving supervisory convergence and would ensure consistency across Member States .
To je korak proti doseganju konvergence nadzora , ki bi zagotovil tudi usklajenost po državah članicah .
In particular , the ECB considers that the use of supervisory colleges would enhance cooperation in the day-to-day supervision of cross-border banks , financial stability risk assessment and the coordination of the management of crisis situations .
ECB zlasti meni , da bi kolegiji nadzornikov izboljšali sodelovanje pri vsakodnevnem nadziranju čezmejnih bank , ocenjevanje tveganj za finančno stabilnost in usklajenost pri upravljanju kriznih situacij .
The Community dimension of the mandate of national supervisory authorities 17 .
Razsežnost Skupnosti v mandatu nacionalnih nadzornih organov 17 . ECB v celoti podpira cilj , ki ga je ECOFIN že večkrat potrdil , da se okrepi razsežnost Skupnosti v mandatu nacionalnih nadzornikov , kakor se odraža v predlagani direktivi , po kateri bi se vprašanja finančne stabilnosti morala reševati na čezmejni ravni ( 7 ) .
The ECB fully supports the objective reaffirmed on several occasions by the Ecofin of enhancing the Community dimension in the mandate of national supervisors , as reflected in the proposed ( 1 ) See also the second subparagraph of Article 46 ( 2 ) of Directive 2004/39 / EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611 / EEC and 93/6 / EEC and Directive 2000/12 / EC of the European Parliament and of the Council repealing Council Directive 93/22 / EEC ( OJ L 145 , 30.4.2004 , p. 1 ) .
ECB meni tudi , da bi se za praktično izvajanje zgoraj omenjenih določb posvetovalni mehanizmi z drugimi zadevnimi državami članicami , podobni ( 1 ) Glej tudi drugi pododstavek člena 46 ( 2 ) Direktive 2004/39 / ES Evropskega parlamenta in Sveta z dne 21 . aprila 2004 o trgih finančnih instrumentov in o spremembah Direktiv Sveta 85/611 / EGS , 93/6 / EGS in Direktive 2000/12 / ES Evropskega parlamenta in Sveta ter o razveljavitvi Direktive Sveta 93/22 / EGS ( UL L 145 , 30.4.2004 , str .
( 2 ) Compare the first paragraph of Article 49 of Directive 2006/48 / EC with the proposed new last paragraph of the same Article under the proposed directive .
( 2 ) Primerjaj prvi odstavek člena 49 Direktive 2006/48 / ES s predlaganim novim zadnjim odstavkom istega člena po predlagani direktivi .
( 3 ) Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience , 7.4.2008 , Recommendation V. 8 , pp. 42-43 specifying that « Supervisors and central banks should improve cooperation and the exchange of information including in the assessment of financial stability risks .
( 3 ) Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience ( Poročilo Foruma za finančno stabilnost o krepitvi odpornosti trga in institucij ) , 7.4.2008 , Priporočilo V. 8 , str . 42 -- 43 , ki določa , da bi morali „nadzorniki in centralne banke (...
The exchange of information should be rapid during periods of market strain » .
) izboljšati sodelovanje in izmenjavo informacij , vključno z ocenami tveganj za finančno stabilnost . V obdobjih deformacij na trgu bi morala biti izmenjava informacij hitra ."
Available on the Financial Stability Forum 's website at www.fsforum.org ( 4 ) See , for instance , paragraph 2.4.1 of ECB Opinion CON / 2007/33 of 5 November 2007 at the request of the Austrian Ministry of Finance on a draft law amending the Law on banking , the Law on savings banks , the Law on the Financial Market Supervisory Authority and the Law on the Oesterreichische Nationalbank and paragraph 2.4.1 of ECB Opinion CON / 2006/15 of 9 March 2006 at the request of the Polish Minister for Finance on a draft law on the supervision of financial institutions .
Dostopno na spletni strani Foruma za finančno stabilnost na naslovu www.fsforum.org ( 4 ) Glej na primer odstavek 2.4.1 Mnenja ECB CON / 2007/33 z dne 5 . novembra 2007 na zahtevo avstrijskega Ministrstva za finance o predlogu zakona o spremembah Zakona o bančništvu , Zakona o hranilnicah , Zakona o organu za nadzor finančnih trgov in Zakona o centralni banki Oesterreichische Nationalbank ter odstavek 2.4.1 Mnenja ECB CON / 2006/15 z dne 9 .
All ECB opinions are available on the ECB 's website at www.ecb.europa.eu ( 5 ) See Principle 17 on pp. 14-36 of the Principles for Sound Liquidity Risk Management and Supervision , available on the BIS website at www.bis.org The other aspects relating to liquidity are addressed in paragraphs 11 and 12 of this opinion .
Vsa mnenja ECB so dostopna na spletni strani ECB na naslovu www.ecb.europa.eu ( 5 ) Glej načelo 17 na str . 14-36 v Principles for Sound Liquidity Risk Management and Supervision ( Načela učinkovitega upravljanja in nadzora likvidnostnega tveganja ) , dostopno na spletni strani BIS na naslovu www.bis.org Ostali vidiki , povezani z likvidnostjo , so obravnavani v odstavkih 11 in 12 tega mnenja .
( 6 ) See the new Article 131a . 22.4.2009
( 6 ) Glej novi člen 131a .
directive , considering that financial stability issues should be assessed at cross-border level ( 1 ) .
( 7 ) Glej sklepe sveta ECOFIN z dne 7 .
In this context , the ECB welcomes the provisions regarding the consideration of the potential impact of a decision on the stability of the financial systems in all other Member States concerned . For consistency reasons , the ECB suggests always referring to the « potential impact » of a decision instead of its « effect » ( 2 ) .
oktobra 2008 , str . 17 , dostopno na spletni strani Evropskega sveta na naslovu na www.consilium.europa.eu ( 8 ) Primerjaj uvodno izjavo 6 predlagane direktive z novim členom 40 ( 3 ) in tretjim stavkom nove točke 1a v Prilogi XI .
The ECB is also of the view that , for the practical implementation of the abovementioned provisions , consultation mechanisms with other concerned Member States similar to those contained in other financial sector directives may be considered where the colleges cannot be used for this purpose ( 3 ) .
tistim , ki jih vsebujejo druge direktive za finančni sektor , lahko uporabili takrat , kadar se za ta namen ne morejo uporabiti kolegiji ( 1 ) .
Securitisation ( new proposed Article 122a ) 18 .
Listinjenje ( novi predlagani člen 122a ) 18 .
The objectives of the proposed measures on capital requirements and risk management for securitisation ( 4 ) include in particular : ( i ) the duty for sponsors and / or originators to maintain a « material net economic interest » ( 5 ) in securitisation transactions ;
Cilji predlaganih ukrepov glede kapitalskih zahtev in upravljanja tveganj za listinjenje ( 2 ) vsebujejo zlasti : ( i ) obveznost sponzorjev in / ali originatorjev , da vzdržujejo „pomemben neto delež » ( 3 ) v transakcijah listinjenja ;
( ii ) the requirements for credit institutions to better understand the risks taken as investors in securitisations ;
( ii ) zahteve za kreditne institucije , da kot vlagatelji pri listinjenju bolje razumejo prevzeta tveganja ;
( iii ) the enhancement of disclosure practices by credit institutions as originators or sponsors ;
( iii ) izboljšanje prakse razkritja podatkov s strani kreditnih institucij kot originatorjev ali sponzorjev ;
and ( iv ) the strengthening of supervisory practices by competent authorities in relation to securitisation .
in ( iv ) krepitev nadzornih praks pristojnih organov v zvezi z listinjenjem .
The ECB overall supports the introduction of these proposed amendments which aim at aligning incentives among participants in the securitisation market ( 6 ) .
ECB v splošnem podpira uvedbo teh predlaganih sprememb , ki so namenjene uskladitvi interesov med udeleženci trga listinjenja ( 4 ) .
At the same time , the ECB stresses the need to avail of a broad , liquid and well-functioning secondary securitisation market , in particular with regard to the eligibility of asset-backed securities as collateral for monetary policy operations .
Istočasno ECB poudarja potrebo po obstoju širokega , likvidnega in dobro delujočega sekundarnega trga listinjenja , zlasti v zvezi s primernostjo kolateraliziranih vrednostnih papirjev kot zavarovanja pri operacijah denarne politike .
First , if this proposed directive remains a Level 1 act , despite the advice given in paragraphs 2 to 4 of this opinion , the ECB highlights the need to ( i ) clarify the scope of application of the above provisions ;
Prvič , če predlagana direktiva kljub nasvetom , danim v odstavkih 2 in 4 tega mnenja , ostane akt na ravni ena , ECB poudarja , da je treba ( i ) pojasniti obseg uporabe zgornjih določb ;
( ii ) to define « material net economic interest » ;
( ii ) opredeliti „pomemben neto delež » ;
and ( iii ) to use terms consistently to increase convergence in their implementation and to avoid regulatory arbitrage .
in ( iii ) dosledno uporabljati termine , da bi se povečala konvergenca pri njihovi uporabi in preprečila regulativna arbitraža .
Due diligence requirements differentiating between credit institutions » trading and non-trading books , commensurate with the respective investment horizons , should also be considered to avoid potentially negative repercussions on market-making activities .
Prav tako bi bilo treba upoštevati zahteve v zvezi s skrbnim pregledom , ki razlikujejo med tržnimi in bančnimi knjigami kreditnih institucij , v sorazmerju z zadevnim naložbenim obdobjem , da bi se preprečile morebitne negativne posledice za dejavnosti vzdrževanja trga .
Second , the ECB notes that , while retention of a material economic interest may , in theory , be a powerful device for aligning incentives , its practical implementation may present challenges ( 7 ) .
Drugič , ECB ugotavlja , da ohranitev pomembnega deleža v teoriji sicer lahko predstavlja močan vzvod za usklajevanje interesov , vendar pa njeno praktično izvajanje lahko predstavlja izziv ( 5 ) .
Therefore , the ECB welcomes the Commission 's intention of reporting to the European Parliament and the Council on the application and effectiveness of the proposed provisions in light of market developments , also taking into consideration the need to restore the functioning of the securitisation markets .
Zaradi tega ECB pozdravlja namero Komisije , da bo Evropskemu parlamentu in Svetu poročala o uporabi in učinkovitosti predlaganih določb v luči gibanj na trgu , upoštevajoč tudi potrebo po ponovni vzpostavitvi delovanja trgov listinjenja .
Furthermore , the ECB takes note of the recital proposed by the Council concerning the measures to address the potential misalignment of securitisation structures and the need to ensure consistency and coherence in all relevant financial sector regulation ( 8 ) . ( 1 ) See Ecofin conclusions of 7 October 2008 , p. 17 , available on the European Council 's website at www.consilium.europa.eu ( 2 ) Compare recital 6 of the proposed directive with the new Article 40 ( 3 ) and the third sentence of the new point 1a of Annex XI .
ECB se je nadalje seznanila z uvodno izjavo , ki jo predlaga Svet , o ukrepih za reševanje morebitne neskladnosti struktur listinjenja in o potrebi , da se zagotovi doslednost in usklajenost celotne regulacije finančnih sektorjev ( 6 ) .
( 3 ) See , for instance , Article 132 ( 3 ) of Directive 2006/48 / EC and Article 12 ( 2 ) of Directive 2002/87 / EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions , insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239 / EEC , 79/267 / EEC , 92/49 / EEC , 92/96 / EEC , 93/6 / EEC and 93/22 / EEC , and Directives 98/78 / EC and 2000/12 / EC of the European Parliament and of the Council ( OJ L 35 , 11.2.2003 , p. 1 ) .
( 1 ) Glej na primer člen 132 ( 3 ) Direktive 2006/48 / ES in člen 12 ( 2 ) Direktive 2002/87 / ES Evropskega parlamenta in Sveta z dne 16 . decembra 2002 o dopolnilnem nadzoru kreditnih institucij , zavarovalnic in investicijskih družb v finančnem konglomeratu , ki spreminja Direktive Sveta 73/239 / EGS , 79/267 / EGS , 92/49 / EGS , 92/96 / EGS , 93/6 / EGS in 93/22 / EGS ter Direktivi 98/78 / ES in 2000/12 / ES Evropskega parlamenta in Sveta , ( UL L 35 , 11.2.2003 , str .
( 4 ) See the new Article 122a .
( 2 ) Glej novi člen 122a .
( 5 ) As referred to in the new Article 122a ( 1 ) .
( 3 ) Kot je omenjen v novem členu 122a ( 1 ) .
( 6 ) The ECB is aware that this new Article of the proposed directive has been subject to further amendments in the Council working group .
( 4 ) ECB se zaveda , da je bil ta nov člen predlagane direktive v delovni skupini Sveta kasneje spremenjen .
( 7 ) See the analysis presented in the ECB report on The incentive structure of the « originate and distribute model » , December 2008 , available on the ECB 's website at www.ecb.europa.eu ( 8 ) See the proposed recital 15 , last sentence of the general approach agreed by the Council on 19 November 2008 ( available at : http://register.consilium.europa.eu/pdf/en/08/st16/st16216.en08.pdf ) which also provides that the Commission intends to bring forward the appropriate legislative proposals , after duly considering the impact of the proposed measures .
( 5 ) Glej analizo , predstavljeno v poročilu ECB „The incentive structure of the originate and distribute model » ( „Struktura interesov pri modelu ustvari in prenesi ") , december 2008 , dostopno na spletni strani ECB na naslovu www.ecb.europa.eu ( 6 ) Glej predlagano uvodno izjavo 15 , zadnji stavek splošnega pristopa , ki ga je sprejel Svet 19 . novembra 2008 ( dostopno na http://register.consilium.europa.eu/pdf/sl/08/st16/st16216.sl08.pdf ) , in ki določa tudi , da namerava Komisija , potem ko bo ustrezno preučila učinke predlaganih ukrepov , predložiti ustrezne zakonodajne predloge .