natgillin/translations-raw huggingface dataset:
Sprejetje standardov in kodeksi so povečali preglednost politik in omogočili udeležencem na trgu boljšo oceno gospodarskih razmer in politik v različnih državah.
To be sure, the adoption of standards and codes have increased transparency of policies and have enabled market participants to better assess economic conditions and policies in different countries.
Revizija politike dostopa MDS je povečala tudi preglednost poti, po kateri države prejmejo finančno podporo, s tem pa so se zmanjšala moralna tveganja.
The revision of the IMF access policy has also increased transparency on the way countries receive financial support, thereby reducing moral hazard.
Nenazadnje pa je vir stabilnosti prišel iz boljših makroekonomskih in strukturnih politik, ki jih izvajajo številna novo nastala tržna gospodarstva v Aziji in Latinski Ameriki.
Ultimately, however, the main source of stability has come from better macroeconomic and structural policies conducted by many Emerging Market Economies, both in Asia and Latin America.
Kakšno odgovornost in vlogo bi morala imeti ECB na področju finančne stabilnosti?
Which responsibility and role should the ECB have concerning financial stability?
Podpirate objavo poročil o finančni stabilnosti s strani ECB?
Would you be in favour of the publication by the ECB of financial stability reports?
Pogodba in Statut ECB določata nekaj nalog za ECB v zvezi s finančno stabilnostjo.
The Treaty and the ECB Statute identify several tasks for the ECB relating to financial stability.
Prvo, od ECB se zahteva, da prispeva k nemotenemu vodenju politik pristojnih organov v zvezi z bonitetnim nadzorom kreditnih institucij in stabilnostjo finančnega sistema.
First, the ECB is required to contribute to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system.
Namen te funkcije je dopolniti vlogo nacionalnih organov, ki so neposredno odgovorni za finančno stabilnost in nadzor v svojih državah.
This function is intended to complement the role of national authorities, which are directly responsible for financial stability and supervision in their own countries.
Razen tega je ECB odgovorna za spodbujanje nemotenega delovanja plačilnega sistema na območju eura.
Moreover, the ECB is responsible for promoting the smooth operation of payment systems in the euro area.
Ta funkcija neposredno prispeva k finančni stabilnosti ob upoštevanju pomembnosti infrastrukture trga kot glavnega sestavnega dela finančnega sistema in kot možnega kanala za prenos motenj pri finančnih težavah.
This function provides a direct contribution to financial stability, given the relevance of market infrastructure as a major component of the financial system and as a possible channel for contagion in stress situations.
Kot pri vsaki centralni banki, ki nima neposredne nadzorne odgovornosti, je naloga ECB opazovanje finančne stabilnosti znotraj območja eura.
Like any other central bank that does not have direct supervisory responsibility, the ECB has a strong interest in the pursuit of financial stability within the euro area.
Prvič, finančna stabilnost je predpogoj za doseganje stabilnosti cen: stabilnosti cen se ne more doseči brez finančne stabilnosti.
First, financial stability is a prerequisite for achieving price stability: there can hardly be price stability without financial stability.
Razen tega se mora učinkovit mehanizem prenosa za monetarno politiko opirati na stabilen finančni sistem.
Moreover, an effective transmission mechanism for monetary policy has to rely on a stable financial system.
Zato je naloga centralne banke spremljanje možnih virov, ki lahko vplivajo na finančni sistem, in tudi ocenjevanje, ali lahko rešijo težave.
Therefore, central banks are interested in monitoring potential sources of vulnerability for the financial system as well as in assessing its ability to withstand adverse shocks.
Nazadnje je naloga centralnih bank zagotavljanje učinkovitega delovanja regulativnega in nadzornega okvira ter varnostne mreže.
Finally, central banks have an interest that the regulatory and supervisory framework, as well as the safety nets, work effectively.
Na vlogo ECB bi morali gledati v smislu trenutnega povezovanja finančnih trgov eura.
The role of the ECB should be seen in light of the ongoing integration of euro financial markets.
Finančno vključevanje krepi povezavo med finančnimi institucijami, trgi in infrastrukturami trga in – v finančnih težavah – s sistemskim tveganjem se lahko obseg finančnih težav razširi prek državnih meja in zajame celotno euro območje.
Financial integration strengthens the linkages among financial institutions, markets and market infrastructures and – in situations of stress – can increase the scope for financial shocks to spread across national borders, with systemic risk thus taking a euro area dimension.
Institucije na območju eura, odgovorne za ohranjanje finančne stabilnosti, morajo zato imeti sprejete ustrezne programe za spremljanje pomembnih kanalov prenosa in za spremljanje možnih nevarnosti.
Institutions in the euro area responsible for maintaining financial stability need therefore to have appropriate arrangements in place for monitoring relevant transmission channels and for containing possible threats.
ECB k tem ureditvam prispeva :
The ECB contributes to these arrangements through:
- z ustanovitvijo sistemskega spremljanja finančnega sistema na območju eura (glej spodaj), ki dopolnjuje spremljanje finančne stabilnosti, ki se izvaja na nacionalni ravni;
- the establishment of a systematic monitoring of the euro area financial system (see below) which supplements the monitoring of financial stability conducted at the national level;
- s spodbujanjem sodelovanja med centralnimi bankami in nadzornimi organi na ravni EU o vprašanjih skupnega interesa – katerega spodbuja Odbor za bančniški nadzor – , ki dopolnjuje vrsto sodelovanja na nacionalni ravni;
- the promotion of co-operation between central banks and supervisory authorities at the EU level on issues of common interest – pursued through the Banking Supervision Committee – which complements this kind of co-operation at the national level;
- s prispevanjem k oblikovanju učinkovitih finančnih uredb in nadzornih zahtev na mednarodni, evropski in nacionalni ravni, zlasti s formalnimi mnenji o osnutkih zakonodaje Skupnosti ali nacionalne zakonodaje na področjih bančnega nadzorovanja in finančne stabilnosti.
- the contribution to shaping effective financial regulations and supervisory requirements at the international, European and national level, in particular through formal opinions on any draft Community and national legislation in the fields of banking supervision and financial stability.
Kako vi gledate na vlogo ECB pri nadzoru nad bančništvom v okviru postopka Lamfalussy in pogovorov o mogočem vseevropskem regulatorju finančnih storitev?
How do you see the ECB's role in banking supervision in the context of the Lamfalussy process and the present discussions concerning a possible pan-European financial services regulator?
Cilj postopka Lamfalussy je podeliti odgovornost vsem pomembnim nacionalnim in EU institucijam na različnih področjih glede previdnostnih ukrepov.
The Lamfalussy process aims at bringing together all relevant national and EU institutions responsible in the different fields of prudential regulation.
Ob upoštevanju, da so izvajanje denarne politike na območju eura, določba o likvidnosti in spodbujanje nemotenega delovanja plačilnih sistemov tesno povezani s funkcijo nadzorovanja solventnosti, donosnosti in likvidnosti posameznih finančnih ustanov (glej odgovor na vprašanje 11), ima ECB pomembno vlogo na vseh ravneh procesa Lamfalussy.
Given that the conduct of monetary policy in the euro area, including through the provision of liquidity, and the promotion of the smooth functioning of payment systems, are closely linked to the function of supervising the solvency, profitability and liquidity of individual credit institutions (see answer to question 11), the ECB plays an important role in all levels of the Lamfalussy process.
V zvezi z izvajanjem nadzora bančništva na enotnem trgu so osnovna načela nadzora v matični državi in medsebojno priznavanje bila doslej učinkovita in so prispevala tudi k velikemu napredku v zvezi z vključevanjem.
With regard to the conduct of banking supervision in the single market, the basic principles of home country control and mutual recognition have been effective and have also contributed to significant progress towards integration.
Integriran trg ne zahteva nujno centraliziranega nadzora.
An integrated market does not necessarily call for centralised supervision.
Drugič, obstajati mora učinkovito sodelovanje v izmenjavi informacij med nadzorniki za nadzor finančnega razvoja, ob ustreznem upoštevanju vplivov po širitvi in čezmejnih dejavnosti, in preprečevanje nastajanja kriz.
Second, there should be an effective cooperation in the exchange of information between supervisors, with a view to monitor financial developments, taking due account of spill-over effects and cross border activities, and prevent crises from occurring.
Tretjič, obstajati mora učinkovit okvir kriznega upravljanja, ki se ukvarja zlasti z velikimi in kompleksnimi finančnimi institucijami, ki opravljajo pomembne čezmejne dejavnosti.
Third, there must be an efficient crisis management framework to deal, in particular, with large and complex financial institutions with significant cross-border activities.
Bolj kot se finančni trgi povezujejo in bolj kot se čezmejne dejavnosti razvijajo znotraj EU, bolj okrepljeno mora biti usklajevanje med nacionalnimi nadzorniki in nadzorniki EU.
The more financial markets integrate and the more cross-border activity develops within the EU, the stronger the coordination arrangements between national and EU supervisors need to be.
V tem smislu je potrebno podaljšanje Lamfalussyjevega okvira za bančni in zavarovalni sektor za nadaljnje povečanje finančnega nadzora v EU.
In this context, the extension of the Lamfalussy framework to the banking and insurance sectors was needed to further enhance financial supervision in the EU.
Razprave o vseevropskem regulatorju finančnih storitev so še vedno v zgodnji fazi.
Discussions about a pan-European financial service regulator are still at a very early stage.
S tem, ko narašča število vseevropskih bančnih in finančnih institucij, narašča število primerov za nadzor vseevropskih organov in ocenjeni bodo glede na trdnost prevladujočega mehanizma usklajevanja, kot je navedeno v Lamfalussyjevem poročilu.
As the number of pan-European banking and financial institutions grows, the case for a pan European supervisory authority increases and will be assessed against the robustness of the prevailing coordination mechanisms, as indicated in the Lamfalussy report.
Oblikovanje vseevropskega regulatorja poraja vrsto zapletenih vprašanj, še zlasti o pravni naravi, in bo treba obravnavati.
The creation of a pan-European regulator raise a series of complex issues, in particular of a legal nature, that would have to be addressed.
Katera so po vašem mnenju bistvena vprašanja na področju zakonodaje finančnih storitev, ki jih je še treba rešiti po akcijskem načrtu finančnih storitev?
What do you see as the most pressing issues in financial services legislation which remain to be completed after the Financial Services Action plan?
Ali obstaja potreba po večjem pregledu nad trgom s strani evropskih regulatorjev, zlasti v luči nedavnih namigovanj o tržni manipulaciji na nekaterih trgih?
Is there a need for greater market oversight by European regulators against the background of recent allegations of market manipulation is some markets?
S približevanjem uveljavljanju akcijskega načrta finančnih storitev se je pričela razprava o potrebi po novi strategiji Skupnosti za izkoriščanje vseh prednosti finančnega povezovanja.
As the completion of the FSAP approaches, a debate has started about the necessity for a new Community strategy designed to reap the full benefits of financial integration.
Prva ocenitev, izvedena pod okriljem Komisije, kaže, da je bil akcijski načrt finančnih storitev doslej dokaj uspešen, ker je enotnemu finančnemu trgu zagotovil bistven pravni okvir.
A first assessment conducted under the aegis of the Commission indicates that the FSAP has been quite successful, as it provided the single financial market with a core legislative framework.
Ukrepi, sprejeti po akcijskem načrtu finančnih storitev, so bistveno zapolnili vrzeli v zakonodaji na ravni EU na področju bančništva, zavarovanja, varnosti in finančnih konglomeratov.
The measures adopted under the FSAP have substantially filled the legislative gaps at the EU level in the field of banking, insurance, securities and financial conglomerates.
Vseeno pa je za celotno učinkovitost akcijskega načrta finančnih storitev potrebno še nekaj časa.
However, it will take some time for the FSAP measures to deploy their full effects.
V vsakem primeru se lahko zgodi, da bodo ovire za resnično integriran finančni trg ostale prisotne v večini sektorjev.
In any case, it is likely that obstacles to a truly integrated financial markets will remain in most sectors.
Zlasti razlaganje in izvajanje pravil EU se še vedno razhajata, zato povzročata dodatne stroške za čezmejno poslovanje in sta vir razdrobitve trga.
In particular, the interpretation and implementation of EU rules is still divergent, thus producing additional costs for cross-border business and is a source of market fragmentation.
Akcijski načrt, ki sledi akcijskemu načrtu finančnih storitev, mora nastati na podlagi naslednjih glavnih ciljev:
A post-FSAP action plan by public authorities should be inspired by the following main aims:
i) v celoti izkoristiti možnost Lamfalussyjevega okvira za doseganje regulativnega in nadzornega zbliževanja na ravni EU;
i) fully exploit the potential of the Lamfalussy framework to achieve regulatory and supervisory convergence at the EU level;
ii) prepoznavanje in reševanje preostalih ovir za čezmejne določbe o finančnih storitvah v EU in za polno vključitev na trg EU.
ii) identify and carefully address remaining obstacles to the cross-border provision of financial services in the EU and to the full integration of the EU market;
iii) uporabiti vse instrumente politike konkurence EU, ki so na razpolago, za odpravljanje ovir konkurenčnosti v finančnem sektorju;
iii) make use of all available EU competition policy instruments to address any obstacle to competition in the financial sector;
iv) spodbujati industrijo, da izkoristi vsako priložnost za spodbujanje vključevanja trga EU.
iv) encourage the industry to exploit any opportunity to foster integration of the EU market.
Če je potrebno, se na osnovi izbire sprejmejo novi zakonodajni ukrepi, katerih cilj je zapolniti nekatere vrzeli v regulativnem okviru EU ali posodobiti obstoječo zakonodajo.
New legislative measures could be adopted, if needed, on a selective basis and targeted to fill some gaps in the EU regulatory framework or to keep up-to-date existing legislation.
Vendar bi potrebovale vse nove regulativne pobude podrobno oceno in previdno analizo stroškov in koristi in tudi sodelovanje z industrijo.
However, any new regulatory initiatives would need a careful assessment and a cautious cost-benefit analysis, as well as the involvement of the industry.
V zvezi z drugim delom vprašanja bom poudaril, da so glede nedavnih primerov domnevne manipulacije na trgu vrednostnih papirjev nadzorniki ukrepali hitro in sprožili preiskave.
As regards the second part of the question, I would note that in recent cases of alleged market manipulation securities supervisors throughout Europe reacted rather quickly, by opening investigations.
Pričakujejo se nova usklajena pravila proti tržnim manipulacijam za nadaljnjo okrepitev regulativnega okvirja.
The new harmonised rules against market manipulations are expected to further reinforce the regulatory framework.
Ko se v celoti izvedejo nova pravila v vseh državah članicah, bo mehanizem za sodelovanje, ki je predviden v direktivi, omogočil nadzornim organom bolj učinkovito upravljanje podobnih primerov z možno čezmejno razsežnostjo.
Once the new rules are fully implemented in all Member States, the coordination mechanism envisaged in the directive will allow a more efficient management by supervisory authorities of similar cases with a possible cross-border dimension.
Kaj mislite o prihajajočih predlogih za vzpostavitev novega pravnega okvira za plačila na notranjem trgu EU?
What is your view on the upcoming proposals to create a new legal framework for payments in the Internal Market of the EU?
Kako lahko ECB prispeva k vzpostavitvi enotnega plačilnega območja v Evropi, tako pri plačilih majhnih vrednosti kot pri plačilih velikih vrednosti ?
How can the ECB contribute the fulfilment of a true single payments area in Europe, both for retail and wholesale payments?
Pozdravljam cilj Komisije, da zagotovi pravni okvir za novejše plačilne inštrumente znotraj EU, ki spodbujajo inovativnost in zagotavljajo enake konkurenčne možnosti.
I welcome the Commission’s objective to provide a legal framework for an integrated and modern payments market in the EU that encourages innovation and ensures a regulatory level playing field.
Prednost sedanjega predloga Komisije za osnutek direktive je v cilju za celotno usklajevanje in s tem odpravljanje ovir za enotni trg.
The Commission’s current proposal for a draft directive has merits in that it aims at full harmonization, thereby removing obstacles to a truly single market.
Pri nekaterih določbah predlagane zakonodaje bodo potrebne nadaljnje razprave.
Some provisions of the proposed draft legislation may require further discussion.
Npr. eno vprašanje zadeva plačilno sposobnost za pokrivanje finančnih tveganj, nastalih pri plačilnih poslih.
One issue, for instance, concerns the capital adequacy to cover for financial risks incurred in the payments business.
Zahteva je odvisna od velikosti in trajanja finančnih tveganj, ki so jim plačilne institucije izpostavljene.
The requirement depends on the size and duration of financial exposures to which payment institutions are subject.
Drugo vprašanje zadeva zahteve nadzora za tako imenovane „plačilne institucije“, ki lahko izdajo in prejmejo kartice in za katere ne veljajo kapitalske zahteve.
Another issue concerns the supervisory requirements for the so-called “payment institutions” allowed to issue and acquire cards, without being subject to capital requirement.
Zakonodajni postopek bo omogočil zakonodajalcem EU, da upoštevajo vsa vprašanja za spodbujanje enotnega trga za plačilne storitve v Evropi.
The legislative process will give an opportunity to EU legislators to take into account all issues with a view to promote a single market for payment services in Europe.
Prekomerno zakonsko urejanje je treba preprečiti.
Over-regulation should be avoided.
Glavni poudarek mora biti namenjen delovanju veljavne zakonodaje.
The main focus should be on making the existing legislation work.
ECB vzpostavlja enoten trg za plačilne storitve v EU, zlasti enotno plačilno območje za plačila v evrih, tako pri plačilih majhnih, kot pri plačilih velikih vrednosti.
The ECB contributes to the single market for payment services in the EU and, in particular, the Single Euro Payments Area, in both the wholesale and the retail market.
Pri plačilih velikih vrednosti je sistem TARGET omogočil konsolidacijo v EU odkar je leta 1999 začel delovati.
In wholesale payments, the TARGET system contributed to consolidation in the EU since its launch back in 1999.
Leta 2004 je tržni delež sistema TARGET znašal okrog 60 % celotnega obsega prometa velikih vrednosti.
In 2004, TARGET's market share was around 60 per cent of the total wholesale traffic volume.
Še vedno je treba delati na usklajevanju poslovnih praks.
There is still some way to go in terms of harmonization of business practices.
Pričakuje se, da uvedba sistema TARGET 2, ki bo začel delovati leta 2007 in bo nadomestila sedanji sistem z enotno tehnično platformo, prinesla dodatna izboljšanja.
The introduction of TARGET2, which is due to go live in 2007 and will replace the current system with a single technical platform, is expected to bring about further improvements.
TARGET 2 bo prav tako določil usklajeno raven storitev, ki zagotavlja enake konkurenčne možnosti za banke po celotni Evropi.
TARGET2 will also allow for the provision of a harmonized service level ensuring a level playing field for banks across Europe.
To bo podprla še uvedba enotne strukture cen za domača in čezmejna plačila.
This will be supported by the implementation of a single price structure for domestic and cross-border payments.
Poleg tega pa bo TARGET 2 imel novosti, ki bodo bankam omogočile boljšo povezanost upravljanja likvidnosti v eurih.
Moreover, TARGET2 will offer new features enabling banks to better integrate their euro liquidity management.
Za plačila storitev majhnih vrednosti je glavna vloga ECB, kot pobudnika za spremembe, podpiranje ustanovitve enotnega plačilnega območja za plačila v eurih (SEPA).
On retail payment services, the ECB’s main role, as a catalyst for change, is to promote the creation of a Single Euro Payments Area (SEPA).
Cilj je podprti tržno usmerjen, samourejevalen postopek vključevanja, katerega spremljajo, kjer je to potrebno, ureditveni ukrepi.
The aim is to support a market-driven self-regulatory integration process, accompanied, where needed, by regulatory measures.
ECB mora spremljati ta postopek in prispevanje k enotnemu plačilnemu območju za plačila v eurih z vsako nacionalno skupino bank z Evropskim svetom za plačila.
The ECB should monitor this progress and the contribution to SEPA by each national banking community with the assistance of the EPC.
Ali je, širše gledano, nova direktiva o kapitalski ustreznosti (predlogi „Basel II“) dobra za evropske državljane?
Is, broadly speaking, the new capital adequacy directive (the "Basel II" proposals) good for the citizens of Europe?
Glede na to bi ECB morala upoštevati mogoče prociklične učinke, izhajajoče iz pristopa, temelječega na tveganju, ki je osnova Basla II: pričakujete, da bodo ti učinki precejšnji?
In this context, the ECB is supposed to observe potential procyclical effects resulting from the risk-based approach underlying Basel II: do you expect these effects to be significant?
Predlagane direktive so bistveni sestavni deli akcijskega načrta finančnih storitev.
The proposed directives are essential components of the Financial Services Action Plan.
Njihov cilj je posodobiti veljaven okvir kapitalske ustreznosti za kreditne institucije in investicijska podjetja.
Their objective is to modernise the existing capital adequacy framework for credit institutions and investment firms.
Z ustreznim prenosom držav članic bodo direktive zagotovile usklajeno uporabo spremenjenega okvira za mednarodno konvergenco kapitalskih ukrepov in kapitalskih standardov za mednarodno dejavne banke po vsej EU.
Once properly transposed by the Member States, the directives will ensure the coherent application throughout the EU of the revised framework for international convergence of capital measurement and capital standards for internationally active banks.
Basel II bo veliko prispeval k zagotavljanju varnosti in finančne trdnosti bank ter povečevanju stabilnosti celotnega bančnega sistema.
Basel II will contribute strongly to safeguard banks’ safety and soundness and to increase the stability of the financial system as a whole.
V ta namen je zagotovljen nov okvir o kapitalski ustreznost, ki je zgrajen tako, da utrjuje spodbudo za preudarno upravljanje bank.
For this purpose, the new capital adequacy framework is provided with a structure that strengthens incentives for prudent bank management.
Prav tako je predvideno neposredno sodelovanje nadzornikov pri potrjevanju notranjih merjenj tveganj in pri ugotavljanju obsega kapitala.
It also envisages that bank supervisors are directly involved in validating banks’ internal measurement of risk and in the assignment of a capital buffer.