natgillin/translations-raw huggingface dataset:
With regard to the potential pro-cyclical impact of the proposed directives ( i.e. the possibility that capital requirements could tighten during a recession and relax during an economic upturn , thus exacerbating cyclical swings ) , the ECB acknowledges the importance of tackling this issue and the significant progress made in reducing these ( 1 ) European Commission « Review of the Capital Requirements for Credit Institutions and Investment Firms , Third Quantitative Impact Study : EU Results » , 1 July 2003 ;
V zvezi z morebitnim procikličnim učinkom predlaganih direktiv ( t. j. možnost , da bi se kapitalske zahteve postrožile v obdobju recesije in omilile v obdobju gospodarske rasti ter bi se tako še povečala ciklična nihanja ) ECB priznava pomembnost rešitve tega vprašanja in precejšen napredek , dosežen pri zmanjšanju teh nevarnosti s prilagoditvijo predlaganih direktiv v smeri omejitve procikličnih ( 1 ) „Review of the Capital Requirements for Credit Institutions and Investment Firms , Third Quantitative Impact Study : EU Results » ( Pregled kapitalskih zahtev za kreditne institucije in investicijske družbe , Tretja kvantitativna študija učinkov : izsledki za EU ) , Evropska komisija , 1 .
available on the Commission 's website .
julij 2003 ;
( 2 ) PricewaterhouseCoopers , MARKT / 2003/02 / F , « Study on the financial and macroeconomic consequences of the draft proposed new capital requirements for banks and investment firms in the EU » , 8 April 2004 ;
2 ( ) PricewaterhouseCoopers , MARKT / 2003/02 / F , „Study on the financial and macroeconomic consequences of the draft proposed new capital requirements for banks and investment firms in the EU » ( Študija o finančnih in makroekonomskih posledicah osnutka predlaganih novih kapitalskih zahtev za banke in investicijske družbe v EU ) , 8 . april 2004 ;
available on the Commission 's website .
na voljo na spletni strani Komisije .
( 3 ) The Standardised Approach is described in Articles 78 to 83 of the proposed banking directive .
( 3 ) Standardizirani pristop je opisan v členih od 78 do 83 predlagane bančne direktive .
The Foundation IRB Approach is an IRB Approach as described in Articles 84 to 89 of the proposed banking directive , but where a credit institution does not make use of own estimates of losses given default ( LGDs ) and / or conversion factors pursuant to Article 84 ( 4 ) .
Osnovni pristop IRB je pristop IRB , kot je opisan v členih od 84 do 89 predlagane bančne direktive , pri katerem pa kreditna institucija ne uporablja lastnih ocen izgub v primeru neizpolnitve obveznosti ( losses given default -- LGD ) in / ali konverzijskih faktorjev v skladu s členom 84 ( 4 ) .
The ECB sees a need to clarify its status regarding the exemption of central banks from the proposed banking directive .
Po mnenju ECB je treba pojasniti njen status v zvezi z izvzetjem centralnih bank iz predlagane bančne direktive .
The first indent of Article 2 exempts « central banks of Member States » from the scope of the proposed banking directive , while Article 4 ( 23 ) defines the term « central banks » ( as opposed to « central banks of Member States ') to include the ECB unless otherwise indicated .
Prva alinea člena 2 izvzema „centralne banke držav članic » iz področja uporabe predlagane bančne direktive , medtem ko člen 4 ( 23 ) opredeljuje izraz „centralne banke » ( za razliko od „centralne banke držav članic ") , s čimer se vključi ECB , če ni drugače navedeno .
The ECB proposes amending Article 2 to indicate expressly that the exemption also applies to the ECB .
ECB predlaga , da se člen 2 spremeni tako , da se izrecno navede , da velja izvzetje tudi za ECB .
Solo consolidation
Solo konsolidacija
Article 70 of the proposed banking directive gives the competent authorities the possibility to allow , on a caseby-case basis and subject to certain conditions , parent credit institutions in a particular Member State to incorporate subsidiaries located in the EU into the calculations required by Article 68 ( 1 ) of the proposed banking directive .
Člen 70 predlagane bančne direktive daje pristojnim organom možnost , da od primera do primera in pod določenimi pogoji dopustijo , da nadrejene kreditne institucije v posameznih državah članicah vključijo podrejene družbe , ki se nahajajo v EU , v izračune , zahtevane s členom 68 ( 1 ) predlagane bančne direktive .
This process is referred to as « solo consolidation » .
Ta postopek se imenuje „solo konsolidacija » .
The ECB recommends reconsidering the conditions under which solo consolidation ( 1 ) may be applied .
ECB priporoča ponovno presojo pogojev , pod katerimi se lahko uporabi solo konsolidacija ( 1 ) .
One of these conditions is in Article 69 ( 1 )( a ) of the proposed banking directive , which requires that there are no impediments to the transfer of own funds from the parent undertaking to the subsidiary .
Eden od teh pogojev je v členu 69 ( 1 )( a ) predlagane bančne direktive , po katerem ne sme biti nobenih zadržkov za prenos lastnih sredstev z nadrejene na podrejeno družbo .
In the ECB 's view this is not an appropriate condition to impose on the parent undertaking in the context of solo consolidation requirements .
Po mnenju ECB ne gre za primeren pogoj , ki se naloži v kontekstu zahtev glede solo konsolidacije nadrejeni družbi .
In this regard , the ECB strongly welcomes the fact that the changes to Article 70 of the proposed banking directive set out in the Council 's general approach will impose requirements with respect to the availability of own funds from the subsidiary to the parent undertaking and remove the requirement that there must be no impediments to the transfer of own funds from the parent undertaking to the subsidiary .
S tem v zvezi ECB toplo pozdravlja dejstvo , da bodo spremembe člena 70 predlagane bančne direktive , določene v splošnem pristopu Sveta , postavile zahteve v zvezi s prenosljivostjo lastnih sredstev s podrejene družbe na nadrejeno družbo in odstranile zahtevo , da ne sme biti nobenih zadržkov za prenos lastnih sredstev z nadrejene na podrejeno družbo .
The ECB notes that solo consolidation would extend to subsidiaries located in Member States other than that of the parent undertaking .
ECB ugotavlja , da bi se solo konsolidacija nanašala na podrejene družbe , ki se nahajajo v drugih državah članicah kot pa nadrejena družba .
In practice this implies that a subsidiary 's financial position will be treated for capital adequacy purposes as if it were part of the parent undertaking 's own financial position .
V praksi to pomeni , da se bo finančno stanje podrejene družbe za namen kapitalske ustreznosti obravnavalo , kot da bi bilo del lastnega finančnega stanja nadrejene družbe .
The parent undertaking 's supervisor must therefore have full access to information regarding the quality of the assets , liabilities and capital of the subsidiary .
Nadzornik nadrejene družbe mora zato imeti popoln dostop do informacij o kakovosti sredstev , obveznosti in kapitala podrejene družbe .
The ECB suggests adding a further criterion to ensure that the parent undertaking 's supervisory authority can effectively verify such information regarding the financial position of subsidiaries located in another Member State .
ECB predlaga , da se doda nadaljnje merilo , s katerim bi se zagotovilo , da bi nadzorni organ nadrejene družbe lahko učinkovito preveril takšne informacije o finančnem stanju podrejenih družb , ki se nahajajo v drugih državah članicah .
As a matter of principle , the ECB also strongly supports transparency on the use of Article 70 of the directive and welcomes the provisions to this end set out in the Council 's general approach .
ECB v načelu tudi močno podpira preglednost uporabe člena 70 direktive in pozdravlja določbe s tem namenom , vsebovane v splošnem pristopu Sveta . podrejeni družbi ali drugim podrejenim družbam iste nadrejene družbe ( 2 ) .
The ECB emphasises that all exposures to credit risk should be subject to adequate capital requirements .
ECB poudarja , da bi morale biti vse izpostavljenosti kreditnemu tveganju predmet ustreznih kapitalskih zahtev .
The conditions under which the exemption pursuant to Article 80 ( 7 ) applies do not eliminate credit risk in the lending transactions concerned given that , for example , one credit institution may fail to meet its obligations vis-à-vis another credit institution controlled by the same parent undertaking .
Pogoji , pod katerimi se uporabi izjema po členu 80 ( 7 ) , ne odpravijo kreditnega tveganja pri zadevnih posojilnih transakcijah glede na to , da , na primer , ena od kreditnih institucij lahko ne izpolni svojih obveznosti do druge kreditne institucije , ki jo obvladuje ista nadrejena družba .
In addition , the ECB notes that Article 80 ( 7 ) will primarily apply to interbank lending where capital requirements are essential to limit systemic risks .
ECB dodatno ugotavlja , da se bo člen 80 ( 7 ) v prvi vrsti uporabljal za medbančna posojila , pri katerih so kapitalske zahteve bistvene za omejitev sistemskih tveganj .
The ECB further notes that such an exemption is not available under Basel II ( 3 ) and could , in certain banking systems , affect the level playing field at national level .
ECB nadalje ugotavlja , da takšna izjema po Baslu II ( 3 ) ni predvidena in bi v nekaterih bančnih sistemih lahko vplivala na enake konkurenčne pogoje na nacionalni ravni .
Consequently , the ECB recommends that this form of lending remains subject to capital requirements .
ECB posledično priporoča , da ta oblika posojil ostane predmet kapitalskih zahtev .
External Credit Assessment Institutions
Eksterne institucije za ocenjevanje kreditne sposobnosti
The ECB notes that Article 70 of the proposed banking directive does not question the application of individual capital requirements to EU subsidiaries incorporated into the parent credit institution 's individual capital requirements .
ECB ugotavlja , da člen 70 predlagane bančne direktive ne postavlja pod vprašanje uporabo posameznih kapitalskih zahtev za podrejene družbe v EU , ki so vključene v posamezne kapitalske zahteve za nadrejeno kreditno institucijo .
It would be beneficial to clarify that Article 70 is without prejudice to the requirements imposed by Article 68 on the subsidiaries concerned .
Koristno bi bilo pojasniti , da člen 70 ne posega v zahteve , ki jih zadevnim podrejenim družbam postavlja člen 68 .
As regards the recognition of External Credit Assessment Institutions ( ECAIs ) , the ECB would like to raise three issues . Capital requirements for intra-group interbank lending
ECB bi želela izpostaviti tri vprašanja v zvezi s priznavanjem eksternih institucij za ocenjevanje kreditne sposobnosti ( External Credit Assessment Institutions -- ECAI ) .
Article 80 ( 7 ) of the proposed banking directive allows the competent authorities , under certain conditions , to exempt lending by a credit institution to its parent undertaking , to its subsidiary or to other subsidiaries of the same parent undertaking from capital requirements for credit risk ( 2 ) . ( 1 ) Solo consolidation is an element of the proposed banking directive which is not addressed in Basel II .
Kapitalske zahteve za medbančna posojila znotraj skupine
First , the ECB sees scope for further specification of the requirement of « independence » in Section 1.2 of Part 2 of Annex VI to the proposed banking directive .
Najprej vidi ECB možnost za nadaljnjo specifikacijo zahteve po „neodvisnosti » v Oddelku 1.2 Dela 2 v Prilogi VI k predlagani bančni direktivi .
In the assessment process , competent authorities should take into account factors such as the ownership and organisation structure of the ECAI , its financial resources , staffing and expertise , as well as its corporate governance .
Pristojni organi bi morali v postopku ocenjevanja upoštevati dejavnike , kot so lastniška in organizacijska struktura ECAI , njeni finančni viri , zaposleni in strokovno znanje , pa tudi upravljanje te institucije .
In the ECB 's view , the competent authorities should also verify that ECAIs have effective internal procedures in place to identify , avoid and manage potential conflicts of interest , thus ensuring that confidential information is not inadvertently disseminated , disclosed or misused .
Po mnenju ECB bi morali pristojni organi preverjati tudi , ali imajo ECAI učinkovite notranje postopke za identifikacijo , izogibanje in reševanje morebitnih nasprotij interesov , s katerimi se zagotovi , da se zaupne informacije nenamerno ne objavijo , razkrijejo ali zlorabijo .
These issues are widely recognised as key policy concerns and are acknowledged in the International Organization of Securities Commission ( IOSCO ) Statement of Principles Regarding the Activities of Credit Rating Agencies of 25 September 2003 ( 4 ) .
Ta vprašanja so široko priznana kot ključne politične teme in potrjena v dokumentu „Statement of Principles Regarding the Activities of Credit Rating Agencies » ( Izjava o načelih glede dejavnosti bonitetnih agencij ) Mednarodne organizacije komisij za vrednostne papirje ( International Organization of Securities Commissions -- IOSCO ) z dne 25 . septembra 2003 ( 4 ) .
( 3 ) Basel II applies to internationally active banks at every layer of a banking group on a consolidated basis .
za kreditne institucije pa se lahko uporabi tudi preko posebne oblike trajne delne uporabe ( člen 89 ( 1 )( e ) predlagane bančne direktive ) . ( 3 ) Basel II velja za mednarodno dejavne banke v vseh plasteh bančne skupine na konsolidirani osnovi .
This means that a subsidiary which is an internationally active bank will have to hold capital to cover credit exposures to other group entities that are not its subsidiaries .
To pomeni , da bo morala podrejena družba , ki je mednarodno dejavna banka , imeti kapital za pokritje kreditnih izpostavljenosti do drugih subjektov v skupini , ki niso njene podrejene družbe .
Basel II does not permit a waiver of such capital requirements .
Basel II ne dovoljuje odstopanja od teh kapitalskih zahtev .
( 4 ) Available on IOSCO 's website .
( 4 ) Na voljo na spletni strani IOSCO .
2.3.2005 EN
Odstavek 23 Basla II zahteva od nadzornikov , da preverjajo , da so „posamezne banke ustrezno kapitalizirane na solo osnovi » . 2.3.2005
Official Journal of the European Union Permanent partial use for certain exposures
SL Uradni list Evropske unije
Second , the ECB would like to highlight the need for a prudent and fair approach to supervisors » assessment of the credibility and market acceptance of ECAIs .
Drugič , ECB bi želela poudariti potrebo po preudarnem in poštenem pristopu nadzornikov pri ocenjevanju verodostojnosti in tržne sprejemljivosti ECAI .
In particular , it is important that the competent authorities , when assessing potential ECAIs , do not create any barriers to entry for new market players by imposing an unreasonable burden to meet the criteria set out in Section 2.1 of Part 2 of Annex VI to the proposed banking directive ( market share , revenues and financial resources , impact on pricing ) .
Zlasti je pomembno , da pristojni organi , kadar ocenjujejo kandidate za ECAI , ne ustvarjajo ovir za vstop novih tržnih udeležencev z nalaganjem nerazumnih bremen za izpolnitev meril , določenih v Oddelku 2.1 Dela 2 v Prilogi VI k predlagani bančni direktivi ( tržni delež , prihodki in finančni viri , učinek na oblikovanje cen ) .
Instead , competent authorities are invited to properly focus their evaluation on the robustness and soundness of the assessment methodology .
Namesto tega so pristojni organi zaprošeni , da primerno osredotočijo svoje vrednotenje na trdnost in solidnost metodologije ocenjevanja .
The relevant provisions should therefore be developed further so as to allow for a sufficiently differentiated assessment process .
Ustrezne določbe bi zato morale biti nadalje razvite , da bi dopuščale zadostno diferenciran postopek ocenjevanja .
In this context , the ECB would support rewording this section in accordance with Basel II , to ensure that credibility derives both from market acceptance and sound methodology . 37 .
V tem kontekstu bi ECB podprla spremembo besedila tega oddelka v skladu z Baslom II , s čimer bi se zagotovilo , da verodostojnost izhaja iz tržne sprejemljivosti in iz trdne metodologije .
The ECB notes that , in contrast to Basel II , the proposed banking directive allows permanent partial use of the IRB Approach for material exposures and in significant business units , under the various circumstances listed in Article 89 ( 1 )( a ) , ( b ) and ( d ) to ( g ) of the proposed banking directive .
bistvene izpostavljenosti in v pomembnih poslovnih enotah v različnih okoliščinah , naštetih v členu 89 ( 1 )( a ) , ( b ) in od ( d ) do ( g ) predlagane bančne direktive .
The ECB notes that the intention behind restricting permanent partial use is to avoid banks permanently treating high-risk exposures under the Standardised Approach while using their own estimates of risk parameters for lower-risk portfolios , thereby selecting the most advantageous approach in each case .
ECB ugotavlja , da je namen omejevanja trajne delne uporabe v izogibanju temu , da bi banke trajno obravnavale visoko tvegane izpostavljenosti po standardiziranem pristopu , za nizko tvegane skupine izpostavljenosti pa bi uporabljale svoje lastne ocene parametrov tveganja in tako v vsakem primeru izbrale najugodnejši pristop .
Third , the ECB stresses the need for adequate supervisory convergence and cooperation regarding the recognition of ECAIs .
Tretjič , ECB poudarja potrebo po ustreznem zbliževanju in sodelovanju na področju nadzora glede priznavanja ECAI .
A high degree of consistency between Member States » practices will be indispensable to ensure the comparability of external ratings assessments and a level playing field for credit institutions making use of these assessments under the Standardised Approach to credit risk , and will also help reduce the risk of regulatory arbitrage .
Visoka stopnja usklajenosti med praksami držav članic bo nepogrešljiva za zagotovitev primerljivosti eksternih bonitetnih ocen in enakih konkurenčnih pogojev za kreditne institucije , ki uporabljajo te ocene po standardiziranem pristopu za kreditno tveganje , prispevala pa bo tudi k zmanjšanju tveganja regulativne arbitraže .
Moreover , supervisory cooperation will be crucial in reducing the costs of regulation for those ECAIs which seek recognition in more than one Member State .
Sodelovanje pri nadzoru bo poleg tega odločilno pri zniževanju stroškov , povezanih z regulativo , za tiste ECAI , ki zaprosijo za priznanje v več kot eni državi članici .
At present , Articles 81 ( 3 ) , 82 ( 2 ) and 97 ( 3 ) of the proposed banking directive only include a discretionary option for mutual recognition .
Trenutno členi 81 ( 3 ) , 82 ( 2 ) in 97 ( 3 ) predlagane bančne direktive vključujejo samo možnost diskrecije glede vzajemnega priznavanja .
In line with consistent case-law of the Court of Justice of the European Communities with regard to the free provision of services , the ECB considers that mutual recognition should be the general principle for ECAIs within the EU .
V skladu z enotno sodno prakso Sodišča Evropskih skupnosti v zvezi s prostim opravljanjem storitev ECB meni , da bi moralo biti vzajemno priznavanje splošno načelo za ECAI znotraj EU .
This would not preclude a supervisor deciding to impose additional eligibility requirements in order to take account of the specificities of the national market , as long as such requirements did not duplicate equivalent conditions already satisfied in the Member State of origin .
To nadzorniku ne bi preprečevalo , da se odloči za postavitev dodatnih zahtev za primernost , s katerimi bi se upoštevale posebnosti nacionalnega trga , dokler takšne zahteve ne podvajajo enakovrednih pogojev , ki so bili že izpolnjeni v izhodiščni državi članici .
The ECB welcomes CESR 's consultation paper on potential regulatory approaches for credit rating agencies ( 1 ) .
ECB pozdravlja dokument o posvetovanju CESR o morebitnih regulativnih pristopih glede bonitetnih agencij ( 1 ) .
It also strongly supports the work currently undertaken by CEBS to harmonise the criteria for recognition of ECAIs .
Močno podpira tudi delo , ki ga trenutno opravlja CEBS za harmonizacijo meril za priznavanje ECAI .
The ECB considers that the Mapping Process ( set out in Annex 2 to Basel II ) under which , inter alia , national authorities map credit risk assessments into the available risk weights is very important , and CEBS should therefore encourage convergence in this field . ( 1 ) « CESR 's technical advice to the European Commission on possible measures concerning credit rating agencies --- Consultation Paper » , 30 November 2004 ;
ECB meni , da je postopek prirejanja ( Mapping Process ) ( določen v Prilogi 2 k Baslu II ) , po katerem nacionalni organi med drugim prirejajo ocene kreditnega tveganja obstoječim utežem za tehtanje tveganja , zelo pomemben , zato bi moral CEBS spodbujati zbliževanje na tem področju .
The ECB supports making permanent partial use available to small credit institutions for their exposures to central governments , credit institutions and investment firms because in such cases the application of own estimates would be overly burdensome , thus potentially barring small credit institutions from adopting the IRB Approach .
ECB podpira , da se trajna delna uporaba omogoči majhnim kreditnim institucijam za njihove izpostavljenosti do centralnih držav , kreditnih institucij in investicijskih družb , saj bi bila uporaba lastnih ocen v takšnih primerih preveč obremenjujoča , s tem pa bi se majhne kreditne institucije lahko oviralo pri uvedbi pristopa IRB .
The position of small credit institutions is correctly addressed in a new recital 35A , which is proposed in the Council 's general approach .
Položaj malih kreditnih institucij je pravilno urejen v novi uvodni izjavi 35A , ki je predlagana v splošnem pristopu Sveta .
The ECB recommends that the Commission should review whether the application of Article 89 of the proposed banking directive has been effective in achieving its purpose three years after transposition of the directive .
ECB priporoča , da Komisija pregleda , ali je bila uporaba člena 89 predlagane bančne direktive učinkovita pri doseganju svojih ciljev , tri leta po prenosu direktive v nacionalno zakonodajo .
Consistent treatment of commitments in IRB and Standardised Approaches
Enotno obravnavanje obveznosti pri pristopu IRB in standardiziranem pristopu
An inconsistency has emerged between the capital treatment of commitments under the Standardised and Foundation IRB Approaches .
Pri kapitalskem obravnavanju obveznosti po standardiziranem pristopu in po osnovnem pristopu IRB je prišlo do neenotnosti .
The ECB understands that the divergence is unintentional .
Po razumevanju ECB je to razlikovanje nenamerno .
If not addressed , however , it could have the effect of creating , under the Foundation IRB Approach , a capital charge for certain guarantees which reduce risks and protect the stability of the financial system by ensuring the completion of settlement in certain payment systems .
Če pa to vprašanje ne bi bilo urejeno , bi lahko imelo za posledico postavitev kapitalske zahteve po osnovnem pristopu IRB za nekatere garancije , ki zmanjšujejo tveganja in varujejo stabilnost finančnega sistema s tem , da zagotavljajo izvršitev poravnave v nekaterih plačilnih sistemih .