natgillin/translations-raw huggingface dataset:
It aims at limiting banks' profit and capital distribution in order to increase their resilience during the crisis and promote necessary lending to the real economy. 
Njegov cilj je omejiti razdeljevanje dobička in kapitala, da bi se povečala odpornost bank med krizo in spodbudilo potrebno kreditiranje realnega gospodarstva.
Overall, it is important for CCPs to maintain adequate prefunded own resources in addition to initial margins and default funds. 
Nasploh je pomembno, da CNS poleg začetnega kritja in jamstvenih skladov ohranjajo zadostna predhodno financirana lastna sredstva.
This Recommendation advocates that the relevant authorities enter a dialogue when considering imposing pay-out restrictions on subsidiaries of Union financial institutions. 
To priporočilo ustreznim organom svetuje, naj v primeru odločanja o predpisovanju omejitev izplačil za podrejene družbe finančnih institucij iz Unije vzpostavijo dialog.
This Recommendation will ensure consistency across financial institutions at a time where CCPs revenues might benefit from higher market transactions volumes, and where relevant, will allow CCPs to increase their skin-in-the-game in the default waterfall on a voluntary basis, in light of generally increased risks due to higher market volatility. 
To priporočilo bo zagotovilo usklajenost med finančnimi institucijami v času, ko lahko na prihodke CNS ugodno vpliva večji obseg tržnih transakcij, in bo, kadar to pride v poštev, CNS omogočilo prostovoljno povečanje lastne udeležbe v kaskadnem pristopu k neplačilom glede na splošno povišano tveganje zaradi večje nestanovitnosti na trgu.
A flight to safety or a home-bias as often realised during times of financial distress can have negative effects on local economies. 
Umik v varne oblike naložb ali pristranskost v korist matične države, ki sta pogosta času finančnih težav, lahko negativno vplivata na lokalna gospodarstva.
These measures can enhance the resilience of the financial sector, strengthening its capacity to lend to the real economy in stressed conditions and reducing the risk of failures of financial institutions due to COVID-19 related risks. 
S tem ukrepi se lahko izboljša odpornost finančnega sektorja, okrepi njegova sposobnost kreditiranja realnega gospodarstva v stresnih razmerah in zmanjša tveganje propada finančnih institucij zaradi krize v zvezi z boleznijo COVID-19.
The ultimate aim is to have sufficient levels of capital and loss absorbing capacity remaining in the financial institutions to mitigate the impact of the current crisis and thereby contribute to a smoother recovery for the pan-European economy as a whole. 
Končni cilj je, da v finančnih institucijah ostane dovolj kapitala in sposobnosti pokrivanja izgub za ublažitev posledic trenutne krize, kar bo prispevalo k nemotenemu okrevanju celotnega vseevropskega gospodarstva.
This Recommendation intends to cover those actions by financial institutions that result in a reduction in the amount and quality of their own funds or in a reduction of their loss absorbing capacity for the duration of the COVID-19 related crisis. 
Namen tega priporočila je, da zajame tista dejanja finančnih institucij, katerih posledica je zmanjšanje višine in kakovosti njihovega kapitala ali zmanjšanje njihove sposobnosti pokrivanja izgub v času krize zaradi bolezni COVID-19.
In addition, the same argument raised for banks concerning dividend payments being a signal of strength to the market and the associated stigma of restrictions also pertains to insurers and reinsurers. 
Poleg tega za zavarovalnice in pozavarovalnice velja enak argument kot za banke, ki se nanaša na izplačila dividend kot znak moči na trgu in povezano stigmatizacijo omejitev.
of 8 May 2020 
z dne 8. maja 2020
The total loan envelope would be up to EUR 100 billion. 
Skupna finančna sredstva za posojila bi znašala do 100 milijard EUR.
This opinion will be published on the ECB's website. 
To mnenje bo objavljeno na spletni strani ECB.
OPINION OF THE EUROPEAN CENTRAL BANK 
MNENJE EVROPSKE CENTRALNE BANKE
Specific observations 
Posebne pripombe
Done at Frankfurt am Main, 8 May 2020. 
V Frankfurtu na Majni, 8. maja 2020
In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion. 
V skladu s prvim stavkom člena 17.5 Poslovnika Evropske centralne banke je to mnenje sprejel Svet ECB.
Under Article 10(1) of the proposed regulation, the Commission will establish the necessary arrangements for the administration of the loans with the ECB. 
V skladu s členom 10(1) predlagane uredbe Komisija določi potrebne ureditve za upravljanje posojil skupaj z ECB.
The ECB has welcomed the endorsement by the European Council of the Eurogroup agreement on three safety nets for workers, businesses and sovereigns, i.e. the SURE instrument, together with Pandemic Crisis Support by the European Stability Mechanism and a pan-European guarantee fund (3) . 
ECB je pozdravila to, da je Evropski svet podprl dogovor Euroskupine o treh varnostnih mrežah za delavce, podjetja in države, tj. instrumentu SURE, krizni podpori ob pandemiji s strani Evropskega mehanizma za stabilnost in vseevropskem jamstvenem skladu (3) .
In order to ensure that the organisation of the ESCB's operations is treated as an internal matter by the ESCB, it is suggested that reference be made to the beneficiary Member State transferring the payments due under the loans to accounts with the ESCB prior to the corresponding due date. 
Za zagotovitev, da se bo organizacija poslovanja ESCB obravnavala kot notranja zadeva ESCB, se predlaga navedba, da država članica upravičenka zapadle zneske iz naslova posojil prenese na račune pri ESCB pred ustreznim rokom za plačilo.
The instrument to be established under the proposed regulation (the ‘SURE instrument') would provide financial assistance in the form of loans (‘SURE loans') by the European Union to Member States experiencing, or seriously threatened with, a severe economic disturbance caused by the coronavirus disease 2019 (COVID-19) outbreak for the financing of short-time work or similar measures aimed to protect employees and the self-employed and thus reduce the incidence of unemployment and loss of income (2) . 
Instrument, ki naj bi se vzpostavil s predlagano uredbo (instrument SURE), bi zagotovil finančno pomoč Evropske unije v obliki posojil (posojila SURE) državam članicam, ki se zaradi izbruha koronavirusne bolezni 2019 (COVID-19) soočajo z resno gospodarsko motnjo ali jim takšna motnja resno grozi, in sicer za financiranje dela s skrajšanim delovnim časom ali podobnih ukrepov za zaščito zaposlenih in samozaposlenih, da se tako zmanjša obseg brezposelnosti in izgube dohodka (2) .
As noted above, pursuant to Article 17 and Article 21.2 of the Statute of the ESCB, the ECB and the NCBs may open accounts and act as fiscal agents for the Commission and the Member States. 
Kakor je navedeno zgoraj, lahko ECB in NCB v skladu s členom 17 in členom 21.2 Statuta ESCB odpirajo račune in nastopajo kot fiskalni agenti za Komisijo in države članice.
The ECB's competence to deliver an opinion is based on Article 127(4), second paragraph, of the Treaty since the proposed regulation concerns the monetary functions and operations of the ESCB under Chapter IV of the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB'), and in particular Articles 17 and 21.2 of the Statute of the ESCB, which provide that the ECB and the national central banks (NCBs) may open accounts for, inter alia, public entities and act as fiscal agents for, inter alia, Union institutions and central governments. 
Pristojnost ECB, da poda mnenje, izhaja iz drugega odstavka člena 127(4) Pogodbe, saj se predlagana uredba nanaša na monetarne funkcije in poslovanje ESCB v skladu s poglavjem IV Statuta Evropskega sistema centralnih bank in Evropske centralne banke (v nadaljnjem besedilu: Statut ESCB) ter zlasti členom 17 in členom 21.2 Statuta ESCB, ki določata, da lahko ECB in nacionalne centralne banke (NCB) odpirajo račune med drugim za osebe javnega prava in nastopajo kot fiskalni agenti med drugim za institucije Unije in institucionalne enote centralne ravni države.
Under Article 10(2) of the proposed regulation, the beneficiary Member State will open a special account with its NCB for the management of the financial assistance received. 
V skladu s členom 10(2) predlagane uredbe država članica upravičenka pri svoji NCB odpre poseben račun za upravljanje prejete finančne pomoči.
On this basis, the ECB and the NCBs have in the past performed tasks relating to the administration of loans arising out of economic adjustment programmes, such as the European Financial Stabilisation Mechanism (EFSM) (4) and the Union's medium-term financial assistance (MTFA) facility enabling loans to be granted to Member States experiencing or seriously threatened with difficulties in their balance of current payments or capital movements (5) . 
Na tej podlagi so ECB in NCB v preteklosti opravljale naloge v zvezi z upravljanjem posojil iz programov za gospodarsko prilagoditev, kot sta Evropski mehanizem za finančno stabilizacijo (4) in aranžma Unije za zagotavljanje srednjeročne finančne pomoči, ki omogoča odobravanje posojil državam članicam, ki imajo težave glede bilance tekočih plačil ali pretoka kapitala, ali pa obstaja nevarnost, da bi v tovrstne težave zašle (5) .
It will also transfer the principal and the interest due under the loan to an account of the Union with the ECB twenty TARGET2 business days prior to the corresponding due date. 
Poleg tega glavnico in zapadle obresti za posojilo prenese na račun Unije pri ECB 20 delovnih dni TARGET2 pred ustreznim rokom za plačilo.
on a proposal for a regulation on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak 
o predlogu uredbe o vzpostavitvi evropskega instrumenta za začasno podporo zmanjševanju tveganj za brezposelnost v izrednih razmerah (instrument SURE) po izbruhu COVID-19
On 2 April 2020 the European Commission adopted a proposal for a Council Regulation on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak (hereinafter the ‘proposed regulation') (1) . 
Evropska komisija je 2. aprila 2020 sprejela predlog uredbe Sveta o vzpostavitvi evropskega instrumenta za začasno podporo zmanjševanju tveganj za brezposelnost v izrednih razmerah (instrument SURE) po izbruhu COVID-19 (v nadaljnjem besedilu: predlagana uredba) (1) .
Possible further changes to certain aspects of market risk requirements 
Možne nadaljnje spremembe nekaterih vidikov zahtev za tržno tveganje
of 20 May 2020 
z dne 20. maja 2020
Secondly, this solution would be fully compliant with the BCBS decision of 3 April 2020. 
Drugič, ta rešitev bi bila v celoti skladna z odločitvijo odbora BCBS z dne 3. aprila 2020.
(15) See the proposed new Article 500a of CRR. 
(15) Glej predlagani novi člen 500a CRR.
The transitional arrangements consist of two components: a static and a dynamic component. 
Prehodna ureditev je sestavljena iz dveh komponent: statične in dinamične.
Such behaviour would impair the intended beneficial effect of the buffer framework. 
Tako ravnanje bi oslabilo nameravane koristne učinke okvira blažilnikov.
If earnings turn negative, distributions are cancelled, irrespective of the size of the breach. 
Če postane dobiček negativen, se razdelitev prekliče ne glede na obseg kršitve.
Furthermore, national governments have launched very significant support programmes, including public guarantees and moratoria on payments of credit obligations. 
Poleg tega so nacionalne vlade sprejele obsežne programe pomoči, vključno z državnimi jamstvi in moratoriji na odplačevanje kreditnih obveznosti.
In these extraordinary circumstances, even an accurate model might produce many exceptions in a relatively short period of time. 
V takih izjemnih okoliščinah se lahko celo pri natančnem modelu v sorazmerno kratkem času pojavi veliko izjem.
Given that the extraordinary market conditions are not linked to specific individual entities, but the whole market, it would also be important that the competent authority should exercise this power across all supervised entities with regard to their respective internal models, rather than on an individual basis. 
Ker izjemne razmere na trgu niso povezane s posameznimi subjekti ampak celotnim trgom, bi bilo prav tako pomembno zagotoviti, da pristojni organ to pooblastilo izvaja v razmerju do vseh nadzorovanih subjektov v zvezi z njihovimi notranjimi modeli in ne na posamični podlagi.
The existing transitional arrangements cover the period from 2018 to 2022 (11) . 
Zdaj veljavna prehodna ureditev zajema obdobje od leta 2018 do leta 2022 (11) .
Done at Frankfurt am Main, 20 May 2020. 
V Frankfurtu na Majni, 20. maja 2020
In particular, the BCBS standard acknowledges that even well-designed models might fail to predict unexpected high market volatility. 
Natančneje, standard odbora BCBS potrjuje, da celo dobro zasnovani modeli morda ne bi uspeli napovedati nepričakovano velike tržne nestanovitnosti.
The proposed regulation envisages a change to the recalibration mechanism as currently set out in CRR. 
Predlagana uredba predvideva spremembo mehanizma ponovnega umerjanja, kakor je zdaj določen v CRR.
This discretion, which has been introduced into Union law (19) , will become applicable on 28 June 2021. 
Ta diskrecijska pravica, ki je bila prenesena v pravo Unije (19) , se bo začela uporabljati 28. junija 2021.
It is widely recognised that the build-up of excessive leverage in the banking system was an underlying cause of the global financial crisis. 
Splošno priznano je, da je bilo kopičenje prekomernega finančnega vzvoda v bančnem sistemu osnovni razlog za svetovno finančno krizo.
Transitional arrangements for mitigating the impact of IFRS 9 provisions on regulatory capital 
Prehodna ureditev za ublažitev vpliva določb MSRP 9 na regulativni kapital
In addition, competent authorities should be able to recalibrate on the basis of a reference period, rather than a reference date. 
Poleg tega bi bilo treba pristojnim organom omogočiti ponovno umerjanje na podlagi referenčnega obdobja namesto referenčnega datuma.
For this purpose, competent authorities should be given further flexibility which would allow them to temporarily adjust the number of overshootings (resulting from both actual and hypothetical losses) or take other appropriate action. 
Za ta namen bi bilo treba pristojnim organom zagotoviti dodatno fleksibilnost, ki bi jim omogočila začasno prilagoditev števila preseganj (zaradi dejanskih in hipotetičnih izgub) ali sprejetje drugih ustreznih ukrepov.
The proposal removes an arbitrary distinction between guarantees given by different public entities with a similar credit standing. 
Predlog odpravlja neupravičeno razlikovanje med jamstvi, ki jih dajejo različni javni subjekti s podobno boniteto.
These measures have represented a very significant support in addressing the current crisis, with important synergies between the ECB's measures as a banking supervisor and its monetary policy actions as a central bank. 
Ti ukrepi so zelo pomagali pri obvladovanju trenutne krize, pri čemer obstajajo pomembne sinergije med ukrepi ECB v vlogi bančnega nadzornika in njenimi ukrepi s področja denarne politike v vlogi centralne banke.
Hence, CRR should be amended to ensure that, in extraordinary circumstances, competent authorities can take appropriate action, in line with the BCBS standard. 
Zato bi bilo treba CRR spremeniti in zagotoviti, da bodo lahko pristojni organi v izjemnih okoliščinah sprejeli ustrezne ukrepe v skladu s standardom odbora BCBS.
This would allow competent authorities, in consultation with central banks, to choose a date which marks the beginning of the period of exceptional circumstances, as evidenced by key monetary policy decisions (20) . 
To bi pristojnim organom omogočilo, da v posvetovanju s centralnimi bankami izberejo datum, ki označuje začetek obdobja izjemnih okoliščin, kakor izhaja iz ključnih sklepov o denarni politiki (20) .
(19) See paragraphs 1(n) and 7 of Article 429a of CRR as amended by Regulation (EU) 2019/876. 
(19) Glej odstavka 1(n) in 7 člena 429a CRR, kakor je bil spremenjen z Uredbo (EU) 2019/876.
Market disruptions caused by COVID-19 are expected to influence the number of hypothetical overshootings, in a manner similar to the number of actual overshootings. 
Pričakuje se, da bodo motnje na trgu zaradi COVID-19 vplivale na število hipotetičnih preseganj na podoben način kot na število dejanskih preseganj.
Against this backdrop, the ECB fully supports the Commission's initiative to increase the capacity of credit institutions to lend and to absorb losses related to the COVID-19 pandemic, while still ensuring their continued resilience (8) . 
ECB na tej podlagi v celoti podpira pobudo Komisije, da se poveča zmožnost kreditnih institucij za kreditiranje in pokrivanje izgub, povezanih s pandemijo COVID-19, hkrati pa še naprej zagotavlja njihova stalna odpornost (8) .
This would provide certainty and clarity to market participants, and would support the smooth implementation and transmission of monetary policy. 
To bi tržnim udeležencem zagotovilo gotovost in jasnost, pomagalo pa bi tudi pri nemotenem izvajanju in transmisiji denarne politike.
This will enable credit institutions to focus their operational capacity on the necessary measures to address the current crisis and foster economic recovery. 
Tako bodo kreditne institucije lahko svojo operativno zmožnost osredotočile na potrebne ukrepe za odziv na trenutno krizo in spodbujanje gospodarskega okrevanja.
The change to the recalibration mechanism applies from 28 June 2021. 
Sprememba mehanizma ponovnega umerjanja se uporablja od 28. junija 2021.
The average amount of eligible central bank reserves over the period would then be taken into account in the recalibration. 
Povprečni znesek primernih centralnobančnih rezerv v tem obdobju bi se nato upošteval pri ponovnem umerjanju.
on amendments to the Union prudential framework in response to the COVID-19 pandemic 
o spremembah bonitetnega okvira Unije zaradi pandemije COVID-19
Offsetting the impact of excluding certain exposures from the calculation of the leverage ratio 
Izravnava učinka izključitve nekaterih izpostavljenosti iz izračuna količnika finančnega vzvoda
The ECB notes that the experience of the global financial crisis clearly highlighted the need for a mandatory leverage ratio requirement in Pillar 1. 
ECB ugotavlja, da se je na podlagi izkušenj s svetovno finančno krizo jasno izkazala potreba po obvezni zahtevi glede količnika finančnega vzvoda v prvem stebru.
The targeted adjustments to Regulation (EU) No 575/2013 of the European Parliament and of the Council (9) (CRR) are welcomed, as they further increase the capacity of the banking system to mitigate the economic impact of the pandemic and support recovery, while preserving the key elements of the prudential framework. 
Pozdraviti je treba ciljno usmerjene prilagoditve Uredbe (EU) št. 575/2013 Evropskega parlamenta in Sveta (9) (CRR), saj povečujejo zmožnost bančnega sistema za ublažitev gospodarskih posledic pandemije in podporo okrevanju, hkrati pa ohranjajo ključne elemente bonitetnega okvira.
In particular, Article 366(4) of CRR provides that the supervisor has the discretion not to count overshootings resulting from actual losses where these are driven by factors other than model deficiencies, such as extraordinary market conditions. 
Natančneje, člen 366(4) CRR določa, da ima nadzorni organ diskrecijsko pravico, da ne prišteva preseganj, ki so posledica dejanskih izgub, če nanje vplivajo dejavniki, ki niso pomanjkljivosti modela, na primer izjemne tržne okoliščine.
Other authorities have also taken action, notably the Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA), through prudential measures of a complementary nature which have benefitted from international coordination. 
Ukrepali so tudi drugi organi, še posebej Baselski odbor za bančni nadzor (BCBS) in Evropski bančni organ (EBA), in sicer z dopolnilnimi bonitetnimi ukrepi, ki so bili usklajeni na mednarodni ravni.
The ECB therefore considers it important to fully preserve the role of the leverage ratio as a credible non-risk based backstop and to avoid exclusion of its major components. 
Zato je po mnenju ECB pomembno v celoti ohraniti vlogo količnika finančnega vzvoda kot verodostojnega varovalnega mehanizma, ki ne temelji na tveganju, in se izogniti izključitvi njegovih glavnih komponent.
To reflect these considerations the proposed regulation envisages resetting the 5-year transition period which started in 2018 for the dynamic component only. 
V predlagani uredbi se navedeni preudarki upoštevajo tako, da ta predvideva ponastavitev petletnega prehodnega obdobja, ki se je začelo leta 2018, samo za dinamično komponento.
Furthermore, some elements of the proposed regulation are complementary to the mitigating supervisory measures taken by the ECB and certain measures agreed recently by the BCBS require amendments to the Union legal framework to become operational. 
Poleg tega nekateri elementi predlagane uredbe dopolnjujejo blažitvene nadzorniške ukrepe ECB, nekateri ukrepi, ki so bili nedavno dogovorjeni v okviru BCBS, pa zahtevajo spremembe pravnega okvira Unije, da jih bo mogoče izvajati.
Moreover, an excessive increase of capital requirements for market risk would impede the objective to free up capital to support lending to the real economy. 
Pretirano povečanje kapitalskih zahtev za tržno tveganje bi poleg tega oviralo cilj sprostitve kapitala za podpiranje kreditiranja realnega gospodarstva.
(8) See section 1 of the explanatory memorandum accompanying the proposed regulation. 
(8) Glej oddelek 1 obrazložitvenega memoranduma k predlagani uredbi.
The BCBS standard on market risk internal models contains sufficient flexibility for competent authorities with regard to the treatment of back-testing overshootings in extraordinary circumstances (22) . 
Standard odbora BCBS o notranjih modelih za tržno tveganje omogoča pristojnim organom dovolj fleksibilnosti v zvezi z obravnavo preseganj pri testiranju za nazaj v izjemnih okoliščinah (22) .
(22) BCBS, MAR Calculation of RWA for market risk, paragraphs 99.65 to 99.69, available at https://www.bis.org/basel_framework/standard/MAR.htm 
(22) Odbor BCBS, MAR Calculation of RWA for market risk, odstavki od 99.65 do 99.69, dostopno na naslovu https://www.bis.org/basel_framework/standard/MAR.htm.
Postponing the application of the leverage ratio buffer for global systemically important banks will allow credit institutions a smoother adjustment, while remaining fully consistent with the substance and timeline agreed at international level. 
Odlog začetka uporabe blažilnika količnika finančnega vzvoda za globalne sistemsko pomembne banke bo kreditnim institucijam omogočil bolj nemoteno prilagoditev, ob tem pa bo še naprej v celoti skladen z vsebino in časovnim okvirom, ki sta bila dogovorjena na mednarodni ravni.
Any further adjustments to the proposed regulation should not fundamentally alter the prudential framework, which should continue to respect agreed Basel standards and avoid further fragmentation of the European single rulebook. 
Kakršne koli nadaljnje spremembe predlagane uredbe ne bi smele bistveno spremeniti bonitetnega okvira, v katerem je treba še naprej spoštovati dogovorjene baselske standarde in se izogibati drobitvi enotnih evropskih pravil.