natgillin/translations-raw huggingface dataset:
Varuha človekovih pravic so pozvali, naj nadaljuje prizadevanja za večjo ozaveščenost o svojem delu ter zagotovi učinkovit razvoj svojih dejavnosti.
They called on the Ombudsman to pursue his efforts in raising awareness of his work and to promote his activities effectively.
Leto 2009 je bilo leto prehoda,v letu 2010 pa se odboru obeta veliko dela.
If 2009 was a year of transition, 2010 announces to be a challenging year for the Committee.
Komisija naj bi Evropskemu parlamentu in Svetu predstavila svoj osnutek uredbe o državljanski pobudi, ki naj bi ga pripravil Odbor za ustavne zadeve.
The Commission should present its draft regulation to the European Parliament and to the Council concerning the Citizens' Initiative and the Committee will provide an Opinion to the Report to be drafted by the Constitutional Affairs Committee.
Poleg tega je zaradi začetka veljavnosti Lizbonske pogodbe Listina o temeljnih pravicah postala pravno zavezujoča.
Moreover, the entry into force of the Treaty of Lisbon meant that the Charter of Fundamental Rights became legally binding.
Trenutno je težko napovedati, koliko bo to vplivalo na delo odbora, vsekakor pa so temeljne pravice ena od stalnih tem peticij.
At this stage, it is difficult to predict how it will impact on the activity of the Committee, but fundamental rights do constitute one of the themes constantly invoked by petitioners.
Verjetno bo treba v bližnji prihodnosti izvajanje listine natančneje pojasniti.
More clarifications on the application of the Charter are likely to be necessary in the near future.
Države članice EU
EU Members
Besedilo je v več jezikih
mixed-language text
Margrete Auken, Elena Băsescu, Victor Boştinaru, Simon Busuttil, Michael Cashman, Bairbre de Brún, Pascale Gruny, Carlos José Iturgaiz Angulo, Peter Jahr, Lena Kolarska-Bobińska, Erminia Mazzoni, Willy Meyer, Marija Nedelčeva (Mariya Nedelcheva), Nikolaos Salavrakos, Angelika Werthmann, Tatjana Ždanoka
Margrete Auken, Elena Băsescu, Victor Boştinaru, Simon Busuttil, Michael Cashman, Bairbre de Brún, Pascale Gruny, Carlos José Iturgaiz Angulo, Peter Jahr, Lena Kolarska-Bobińska, Erminia Mazzoni, Willy Meyer, Mariya Nedelcheva, Nikolaos Salavrakos, Angelika Werthmann, Tatjana Ždanoka
o trgih izvedenih finančnih instrumentov: prihodnji ukrepi politike
on derivatives markets: future policy actions
– ob upoštevanju sporočil Komisije z naslovom „Zagotavljanje učinkovitih, varnih in stabilnih trgov izvedenih finančnih instrumentov: prihodnji ukrepi politike ( KOM(2009)0563 in KOM(2009)0332 ),
– having regard to the Commission communications entitled ‘Ensuring efficient, safe and sound derivatives markets: Future policy actions’ ( COM(2009)0563 and COM(2009)0332 ),
– ob upoštevanju sporočila Komisije z naslovom „Evropski finančni nadzor“ ( KOM(2009)0252 ),
– having regard to the Commission communication entitled ‘European financial supervision’ ( COM(2009)0252 ),
– ob upoštevanju predloga Komisije za uredbo o makrobonitetnem nadzoru finančnega sistema v Skupnosti in o ustanovitvi Evropskega odbora za sistemska tveganja ( KOM(2009)0499 ),
– having regard to the Commission proposal for a regulation on Community macroprudential oversight of the financial system and establishing a European Systemic Risk Board ( COM(2009)0499 ),
– ob upoštevanju predlogov Komisije, ki spreminjajo kapitalski direktivi (2006/48/ES in 2006/49/ES),
– having regard to the Commission proposals amending the Capital Directives (2006/48/EC and 2006/49/EC),
– ob upoštevanju sporočila in priporočila Komisije o politikah prejemkov v sektorju finančnih storitev ( KOM(2009)0211 ),
– having regard to the Commission communication and recommendation on remuneration policies in the financial services sector ( COM(2009)0211 ),
– ob upoštevanju svoje resolucije z dne 23. septembra 2008 s priporočili Komisiji o hedge skladih in skladih zasebnega kapitala
– having regard to its resolution of 23 September 2008 with recommendations to the Commission on hedge funds and private equity
UL C 8E, 14.1.2010, str.
OJ C 8E, 14.1.2010, p.
– ob upoštevanju sklepov skupine G20, sprejetih v Pittsburghu 24. in 25. septembra 2009, ki navajajo, da je treba „z vsemi standardiziranimi pogodbami za izvedene finančne instrumente na prostem trgu (OTC) trgovati na borzah ali elektronskih tržnih platformah“, in trenutnega razvoja nacionalne zakonodaje v zvezi z izvedenimi finančnimi instrumenti v Evropi, ZDA in Aziji,
– having regard to the G20 decisions of 24 and 25 September 2009 in Pittsburgh , which stated that ‘all standardized OTC derivative contracts should be traded on exchanges or electronic trading platforms’ , and the national legislation on derivatives currently being formulated in Europe, the US and Asia,
– ob upoštevanju dela Foruma regulativnih organov za izvedene finančne instrumente OTC za vzpostavitev globalno skladnih standardov poročanja za registre trgovanja,
– having regard to the work of the OTC Derivatives Regulators Forum to establish globally consistent data reporting standards for trade repositories,
– ob upoštevanju nasveta Odbora evropskih regulativnih organov za vrednostne papirje (CESR) in Skupine evropskih regulativnih organov za električno energijo in plin (ERGEG) Evropski komisiji v okviru tretjega energetskega svežnja (ref.: CESR/08-739, E08-FIS-07-04),
– having regard to the CESR and ERGEG advice to the European Commission in the context of the Third Energy Package (Ref.: CESR/08-739, E08-FIS-07-04),
– ob upoštevanju poročila Odbora za ekonomske in monetarne zadeve in mnenja Odbora za razvoj ( A7–0187/2010 ),
– having regard to the report of the Committee on Economic and Monetary Affairs and the opinion of the Committee on Development ( A7‑0187/2010 ),
A. ker imajo izvedeni finančni instrumenti koristno vlogo pri omogočanju prenosa finančnih tveganj v gospodarstvu, vendar se v odvisnosti od vrste proizvoda in osnovnega razreda finančnih instrumentov zelo razlikujejo glede na tveganje, operativne režime in udeležence na trgu; in ker sta pomanjkljiva preglednost in regulacija na trgu izvedenih finančnih instrumentov še stopnjevali finančno krizo,
A. whereas, although derivative instruments can play a useful role in allowing the transfer of financial risks within an economy, they differ considerably depending on product type and underlying asset class with regard to risk, operational arrangements and market participants; and whereas the lack of transparency and regulation in the derivatives market played an exacerbating role in the financial crises ;
B. ker je treba upoštevati potrebo podjetij, da bodo lahko tudi v prihodnje na lastno odgovornost ciljno in s sprejemljivimi cenami upravljala poslovna tveganja, in ker bi morala podjetja, ob upoštevanju posebnosti malih in srednjih podjetij, pri dvostranskih izvedenih finančnih instrumentih prevzeti odgovornost za tveganje,
B. whereas in the future, too, firms need to be able to manage the risks inherent to their business in a targeted fashion, under their own responsibility and at comprehensible prices, and whereas, taking into account the specificities of small and medium enterprises with regard to bilateral derivatives, firms should be responsible for risk,
C. ker je globalni obseg trgovanja z izvedenimi finančnimi instrumenti v zadnjem desetletju zelo narasel, zaradi česar je izjemno napredovalo tudi ločevanje gospodarskih dejavnosti in finančnih proizvodov,
C. whereas the worldwide derivative trading volume has multiplied in the last decade and, as a result, the uncoupling of economic activities and financial market products has advanced considerably,
D. ker bi bilo za poslovanje z izvedenimi finančnimi instrumenti v mednarodnem prostoru treba vzpostaviti podlago za mednarodno sodelovanje, da bi tako kot minimum dosegli mednarodne standarde in režime izmenjave informacij med centralnimi nasprotnimi strankami (Central Counter-party – CCP),
D. whereas the basis for international cooperation should be established in order to handle internationally traded derivatives so as to achieve international standards and information‑sharing arrangements between CCPs as a minimum,
E. ker je konec junija 2009 nominalni znesek vseh vrst pogodb na prostem trgu znašal 605.000 milijard USD, bruto tržna vrednost, ki je merilo tržnega tveganja, 25.000 milijard USD ter bruto kreditna izpostavljenost, ki upošteva dvostranske pogodbe o pobotu, 3.700 milijard USD; in ker so v okviru pretiranega učinka finančnega vzvoda, podkapitaliziranega bančnega sistema in izgub, ki so posledica strukturiranih finančnih instrumentov, izvedeni finančni instrumenti OTC prispevali k medsebojni odvisnosti velikih udeležencev na trgu, tudi če so bili regulirani subjekti,
E. whereas, at the end of June 2009, notional amounts of all types of OTC contracts stood at US$605tn, gross market values, which provide a measure of market risk, at US$25trn and gross credit exposures, which take into account bilateral netting agreement, at US$3.7trn, and whereas, in a context of excessive leverage, an undercapitalised banking system and the losses resulting from structured finance assets, OTC derivatives have helped to make large market participants mutually dependent even when they are regulated entities.
F. ker je ogromna rast obsega trgovanja v preteklih letih privedla do povečanega prevzemanja tveganja brez dejanskih naložb v osnovni instrument in posledično do velikega učinka finančnega vzvoda,
F. whereas the huge growth in the trading volume over the past few years has led to an increased assumption of risk without actual investment in the underlying instrument and, consequently, to substantial leverage,
G. ker so nekateri izvedeni finančni instrumenti OTC postali vse bolj zapleteni ter kreditno tveganje nasprotne stranke ni bilo vedno pravilno ocenjeno in zanj ni bila določena ustrezna cena ter ker pri organiziranosti trga izvedenih finančnih instrumentov obstajajo znatne pomanjkljivosti in slaba preglednost, zaradi česar je potrebna nadaljnja standardizacija pravnih pogojev in ekonomskega namena instrumentov,
G. whereas some OTC derivatives have become increasingly complex and counterparty credit risk has not always been correctly assessed and priced, and whereas there are considerable weaknesses in how derivative markets are organised and a lack of transparency, which calls for further standardisation in the legal conditions and economic purpose of instruments;
H. ker mora regulacija centralnih nasprotnih strank zagotoviti nediskriminatoren dostop mest trgovanja, da se zagotovi pošteno in učinkovito delovanje trgov,
H. whereas regulation of central counterparty clearing facilities (CCPs) must ensure non-discriminatory access by trading venues in order to ensure the fair and efficient functioning of markets,
I. ker v transakcijah na prostem trgu identiteta vključenih akterjev/strank in njihova izpostavljenost nista znani,
I. whereas in OTC transactions the identity of the involved actors/parties and the size of their exposure are not clarified ,
J. ker so številni prosti trgi izvedenih finančnih instrumentov in zlasti trg zamenjave neplačil zelo koncentrirani z nekaj večjimi podjetji, ki prevladujejo na trgu;
J. whereas many OTC derivatives markets, notably the credit default swap market, are subject to very high levels of concentration with a few major firms dominating the market,
K. ker so zadnji dogodki v zvezi z zamenjavami neplačil na državni dolg, ki so jih uporabljali finančni špekulanti, privedli do neupravičeno visokih ravni več nacionalnih pribitkov; ker so ti dogodki in prakse poudarili potrebo po nadaljnjem izboljšanju preglednosti trga in krepitvi evropskih predpisov na področju trgovanja z zamenjavami neplačil, zlasti tistih, ki so povezane z državnimi dolgovi,
K. whereas the recent events involving sovereign credit default swaps used by financial speculators led to unjustified high levels of several national spreads ; whereas those events and practices highlighted the need for further market transparency and for enhanced European regulation vis-à-vis trading of credit default swaps, in particular those connected to sovereign debts,
L. ker morajo imeti nadzorniki neomejen dostop do ustreznih podatkov v registru in ker morajo registri konsolidirati pozicijo in podatke o trgovanju na globalni podlagi po razredih finančnih instrumentov, da bi lahko registri trgovanja imeli osrednjo vlogo pri zagotavljanju preglednosti za nadzornike na trgih izvedenih finančnih instrumentov,
L. whereas in order for trade repositories to play a central role in ensuring transparency for supervisors in derivatives markets, supervisors must have unfettered access to relevant repository data, and repositories must consolidate position and trade data on a global basis by asset class,
M. ker Parlament pozdravlja spremembo paradigme Komisije v smeri večje regulacije trgov izvedenih finančnih instrumentov in opustitve prevladujočega mnenja, da za izvedene finančne instrumente ni potrebna dodatna regulacija, predvsem ker so namenjeni profesionalni in strokovni uporabi; zato poziva k temu, da mora prihodnja zakonodaja zagotoviti ne samo preglednost na trgih izvedenih instrumentov, ampak tudi dobro regulacijo,
M. whereas Parliament welcomes the Commission’s paradigm shift towards greater regulation of OTC derivatives markets, abandoning the prevailing view that derivatives need no further regulation, chiefly because they are used by experts and specialists; calls, therefore, for future legislation to secure not only transparency in the derivatives markets but also sound regulation,
N. ker mora Evropa vzpostaviti celovito strategijo zavarovanja za trge izvedenih finančnih instrumentov, ki mora upoštevati edinstveni položaj poslovnih končnih uporabnikov v nasprotju z velikimi udeleženci na trgu in finančnimi institucijami,
N. whereas Europe must establish a comprehensive collateralisation strategy for derivatives markets which must take into account the unique situation of business end-users in contrast to major market participants and financial institutions ,
O. ker je večina izvedenih finančnih instrumentov, ki jih uporabljajo nefinančni končni uporabniki, posamezno povezana z omejenimi sistemsko pomembnimi tveganji in ker v pretežni meri služi zgolj za zavarovanje realnih poslov ter ker so nefinančne institucije podjetja, ki ne sodijo na področje uporabe direktive MiFID (podjetja, ki jih ne ureja MiFID), na primer letalske družbe, proizvajalci avtomobilov ter trgovci z blagom, ki niso niti ustvarili sistemskega tveganja za finančne trge niti jim finančna kriza ni neposredno škodila,
O. whereas most derivatives used by non-financial end-users involve limited systemic risk taken individually, and for the most part serve merely to hedge real transactions, and whereas non-financial institutions are firms that do not come within the scope of the MiFID (non-MiFID firms), such as airlines, car manufacturers and commodity dealers, which have neither created a systemic risk for the financial markets nor been directly harmed by the financial crisis,
P. ker trdni trgi izvedenih finančnih instrumentov zahtevajo celovito zavarovalno politiko, ki obsega tako centralne kot tudi dvostranske klirinške režime,
P. whereas resilient derivative markets require a comprehensive collateralisation policy encompassing both central and bilateral clearing arrangements,
Q. ker je treba malim in srednjim podjetjem, ki uporabljajo izvedene finančne instrumente zgolj za zavarovanje poslovnih tveganj med opravljanjem glavne dejavnosti, odobriti izjeme glede kliringa in zavarovanja v zvezi s kapitalskimi zahtevami, pod pogojem, da obseg, v katerem se uporabljajo določeni izvedeni finančni instrumenti, ne ustvarja sistemskega tveganja (v skladu z zahtevo, da Komisija te izjeme redno preverja), in da sta obseg in narava transakcij sorazmerna in ustrezna glede na resnična tveganja, katerim so izpostavljeni končni uporabniki; ker morajo biti minimalni standardi zajamčeni tudi pri pogodbah po meri, ki zadevajo zlasti zavarovanje izvedenih finančnih instrumentov in kapitalske zahteve,
Q. whereas non-financial small and medium-sized enterprises that use derivative instruments solely in the course of hedging their risk when conducting their principal business , should benefit from exemptions from clearing and collateralization concerning capital requirements, provided that the extent to which certain derivatives are used does not create systemic risk (subject to a requirement that the Commission should check this exemption regularly) and that the volume and nature of transactions are proportionate to, and appropriate for, the real risks faced by end users; whereas minimum standards must also be guaranteed as regards tailor-made contracts, in particular where the collateralisation of derivatives and capital requirements are concerned,
R. ker je za izvedene finančne instrumente OTC, ki jih uporabljajo nefinančni končni uporabniki, potrebna sorazmerna regulacija, vendar ker je treba registrom poslovanja posredovati vsaj potrebne podrobne podatke o transakcijah,
R. whereas OTC derivatives products need proportionate regulation when used by non-financial end-users, but whereas, as a minimum, the necessary detailed transaction data must be given to the trade repositories,
S. ker za trgovanje z zamenjavami neplačil, ki so finančni zavarovalni proizvodi, trenutno ni prave regulacije,
S. whereas credit default swaps (CDSs), which are financial insurance products, are currently traded without any proper regulation,
T. ker nasvet Odbora evropskih regulativnih organov za vrednostne papirje (CESR) in Skupine evropskih regulativnih organov za električno energijo in plin (ERGEG) (ref.: CESR/08-739, E08-FIS-07-04) priporoča oblikovanje okvira neokrnjenosti in preglednosti trga po meri za trg električne energije in plina,
T. whereas the CESR and ERGEG advice to the European Commission in the context of the Third Energy Package (Ref.: CESR/08-739, E08-FIS-07-04) recommends the creation of a tailor-made market integrity and transparency framework for the electricity and gas markets,
U. ker bodo vsi napovedani ukrepi vključevali tesno in celovito sodelovanje z državami G20 in organi ZDA z namenom preprečevanja možnosti regulatorne arbitraže med državami, kjer bo to le mogoče, in spodbujanja izmenjave informacij,
U. whereas all the measures announced will involve close and comprehensive cooperation with the G20 countries and the US authorities in order to prevent regulatory arbitrage opportunities between countries wherever possible and to foster the exchange of information,
V. ker so za sistemsko tveganje, povezano s klirinškimi hišami, potrebni trdni regulativni in nadzorni standardi ter neomejen dostop regulativnih organov do informacij o transakcijah v realnem času,
V. whereas systemic risk associated with clearing houses requires robust regulatory and supervisory standards and unfettered real-time access to information on transactions for regulators ,
W. ker morajo cene izvedenih finančnih instrumentov ustrezati tveganju in ker morajo stroške prihodnje tržne infrastrukture kriti udeleženci na trgu,
W. whereas derivatives prices should correspond appropriately to risk and whereas the cost of the future market infrastructure should be borne by market participants,
X. ker je nedavno drastično povečanje donosov državnih obveznic nekaterih držav euroobmočja na nevzdržne ravni razkrilo problematične ekonomske spodbude v zvezi s pogodbami o zamenjavi neplačil na državni dolg ter jasno pokazalo, da je treba okrepiti finančno stabilnost in preglednost trga, tako da se zahteva popolno razkritje informacij regulativnim organom in nadzornikom ter prepove trgovanje z zamenjavami neplačil na državni dolg,
X. whereas the latest dramatic rises in the sovereign bond yields of some Eurozone countries to unsustainable levels has exposed the problematic economic incentives involved in CDS contracts based on sovereign debt, and clearly shown the need to reinforce financial stability and market transparency by demanding full disclosure to regulators and supervisors and banning speculative CDS trades on sovereign debt;
Y. ugotavlja, da sta za vse transakcije z izvedenimi finančnimi instrumenti, izdanimi v valuti EU, ki zadevajo podjetje EU in je ena od strank finančna institucija EU, potrebna kliring, če je zanje ta primeren, in prijava v klirinških hišah in registrih s sedežem v EU ter s pooblastili in pod nadzorom EU, ki jih pokriva evropska zakonodaja o varstvu podatkov; ugotavlja, da bi morala prihodnja nova regulacija določati jasna merila za oceno enakovrednosti centralnih nasprotnih strank in registrov s sedežem v tretjih državah za trgovinske posle, za katere ni bil opravljen kliring ali niso bili prijavljeni v EU,
Y. notes that all transactions in derivative products denominated in an EU currency, relating to an underlying EU entity and to which an EU financial institution is party should be cleared, when eligible, and reported in clearing houses and repositories located, authorized and supervised in the EU which are covered by European laws and data protection; notes that the upcoming new regulation should set clear criteria for assessing the equivalence of CCPs and repositories located in third countries for those trades not cleared or not reported in the EU;,
3. poziva k večji preglednosti transakcij pred trgovanjem za vse instrumente, ki izpolnjujejo pogoje za široko uporabo organiziranih mest trgovanja, ter k povečani preglednosti po trgovanju, tako da se v korist regulativnih organov in vlagateljev registrom poroča o vseh transakcijah;
Calls for more transparency on pre-trade transactions for all instruments that qualify for the extensive use of organised trading venues as well as for increased post-trade trade transparency through reporting of all transactions to repositories, to the benefit of both regulators and investors;
11. poziva h krepitvi upravljanja tveganj in preglednosti kot pomembnih orodij za večjo varnost na finančnih trgih, ob tem pa se ne sme zanemariti individualna odgovornost za prevzem tveganja;
Calls for risk management and transparency to be strengthened, as the key instruments for greater financial market certainty, without neglecting individual responsibility for taking on risk;
15. poziva, naj se za izvedene finančne instrumente, ki ne izpolnjujejo zahtev mednarodnega standarda računovodskega poročanja št. 39 (IFRS 39) in jih zato revizor ni ocenil, zahteva centralni kliring prek centralne nasprotne stranke, ko presežejo prag, ki ga določi Komisija; nadalje poziva, naj se za jasnejše ločevanje preveri, ali bi lahko nefinančna institucija tudi v bodoče sklepala dvostranske pogodbe ob predložitvi neodvisne ocene pogodbe na izvedene finančne instrumente OTC s strani revizorja;
Calls for derivatives that do not meet the requirements of IFRS 39 and were therefore not assessed by an auditor to be subject to central clearing by a CCP once they exceed a threshold to be determined by the Commission; calls, furthermore, for the purposes of ensuring a clearer distinction, for checks to be carried out involving the submission of an independent assessment of OTC derivative contracts by an auditor in order to ascertain whether a non-financial institution can continue to conclude bilateral contracts;
19. ugotavlja, da bodo skupni tehnični standardi glede zadev, kot sta izračun kritja in protokoli za izmenjavo informacij, predstavljali pomemben del zagotavljanja poštenega in nediskriminatornega dostopa mest trgovanja do centralnih nasprotnih strank; nadalje ugotavlja, da mora biti Komisija pozorna na morebitni razvoj tehnoloških razlik, diskriminatornih praks in ovir za nemoteno delo, ki so škodljivi za konkurenco;
Notes that common technical standards relating to issues such as margin calculation and information exchange protocols will form an important part of ensuring fair and non-discriminatory access by authorised trading venues to CCPs; further notes that the Commission must pay close attention to the possible development of technological differences, discriminatory practices and work-flow barriers which are harmful to competition;