natgillin/translations-raw huggingface dataset:
On the other hand, smaller banks currently use regulatory liquidity ratios also for internal management purposes.
Njun skupni delež vpisanega kapitala znaša 7,2 milijona EUR oziroma 3,6 milijona EUR, kar predstavlja 0,1249% oziroma 0,0622% vpisanega kapitala ECB, ki je 1. januarja 2008 znašal 5,761 milijarde EUR.
Finally, the shortening of the time horizon for banks’ payment obligations, the use of more marketbased and potentially more volatile funding sources and the increasing need for high-quality collateral were identified as being among the major market developments affecting banks’ liquidity risk management.
Na začetku leta 2008 sta Central Bank of Cyprus in Bank Ċentrali ta’ Malta/Central Bank of Malta v skladu s členoma 30 in 49.1 Statuta ESCB prenesli devizne rezerve na ECB (73,4 milijona EUR oziroma 36,6 milijona EUR) v sorazmerju z deviznimi rezervami, ki so jih na ECB že prenesle druge nacionalne centralne banke, na podlagi njunega deleža v vpisanem kapitalu.
The ECB, in cooperation with the BSC, has been carrying out work with regard to banks’ liquidity risk management.
V skupnem prispevku je bilo 15% zlata in 85% sredstev v ameriških dolarjih.
A report on liquidity risk management for crossborder banking groups in the EU was finalised in the first quarter of 2007 and provided a timely contribution to the European Commission’s regulatory work in the area of liquidity risk.
Na podlagi precedenčnega primera iz leta 2007, ko sta Banka Slovenije in Banque centrale du Luxembourg za upravljanje svojega deleža deviznih rezerv združili operativne dejavnosti, sta se Central Bank of Cyprus in Bank Ċentrali ta’ Malta/Central Bank of Malta dogovorili, da bosta svoje operativne dejavnosti pri upravljanju deleža deviznih rezerv v ECB združili z Bank of Greece oziroma s Central Bank and Financial Services Authority of Ireland. V zvezi s prenosom deviznih rezerv na ECB je bila centralni banki Central Bank of Cyprus in Bank Ċentrali ta’ Malta/Central Bank of Malta pripisana terjatev do ECB v eurih.
The report was also submitted to the Basel Committee on Banking Supervision and CEBS as input into their work on the subject.
4ZAMENJAVA GOTOVINE NA CIPRUIN MALTI eurokovancev v nominalni vrednosti 56,1 milijona EUR skovala kovnica Monnaie de Paris.
Looking ahead, the ECB, in cooperation with the BSC, will continue its work in this important area.
Šest let po uspešni uvedbi eurobankovcev in eurokovancev v skupno 12 državah euroobmočja in leto potem, ko je v Eurosistem vstopila Slovenija, so bili eurobankovci in eurokovanci 1. januarja 2008 uspešno uvedeni tudi na Cipru in Malti.
In this context, the BSC will analyse current practices regarding EU banks’ liquidity risk stress-testing and contingency funding plans.
Po enomesečnem obdobju dvojnega obtoka je euro v celoti nadomestil ciprski funt in malteško liro.
Work is also under way at the ECB in relation to the potential procyclical effects of the CRD.
Posredna preddobava trgovcem na drobno in sektorju prodajnih avtomatov se je začela hkrati s preddobavo.
Under the CRD, the European Commission, in cooperation with the Member States, and taking into account the contribution of the ECB, has been given a mandate to periodically monitor whether the minimum capital requirements have significant effects on the economic cycle, and to propose remedial measures if this is found to be the case.
Obsežna preddistribucija eurokovancev je bila podprta s prodajo 40.000 začetnih paketov kovancev, od katerih je bil vsak vreden 172 EUR, podjetjem in trgovcem na drobno, ki se je začela 3. decembra 2007.
To this end, the BSC and CEBS are jointly developing an analytical framework for assessing the potential procyclical impact of the new regulatory capital framework.
Od istega datuma naprej je potekala tudi prodaja 250.000 minipaketov v vrednosti 10 CYP splošni javnosti.
A streamlined version of the report was published in October 2007 as a special feature in the ECB’s “EU banking structures” report.
Na Malti se je preddobava eurokovancev začela proti koncu septembra 2007, preddobava eurobankovcev pa proti koncu oktobra.
It focuses on issues relating to liquidity regulation and to developments in the organisation of crossborder banks’ liquidity risk management, as well as the potential implications for financial stability.
Posredna preddobava eurobankovcev in eurokovancev podjetjem in trgovcem na drobno, vključno z distribucijo začetnih paketov v vrednosti 131 EUR po paketu, se je začela 1. decembra 2007.
The main findings of the report can be summarised as follows.
Splošna javnost je imela možnost kupiti enega od 330.000 minipaketov, vrednih 11,65 EUR, od 10. decembra 2007 naprej.
First, crossborder banks do not perceive that the fragmentation of liquidity risk regulation in the EU imposes undue restrictions on the management of intragroup liquidity across borders.
Po odločbi Ekonomsko-finančnega sveta z dne 10. julija 2007 o uvedbi eura na Cipru in Malti s 1. januarjem 2008 sta Central Bank of Cyprus in Bank Ċentrali ta’ Malta/Central Bank of Malta postali upravičeni do izposoje bankovcev od Eurosistema med pripravami na zamenjavo gotovine in za pokritje potreb po bankovcihv letu 2008.
However, banks indicated that other regulations related to homehost arrangements and large exposure limits may pose potential obstacles to efficient liquidity risk management.
Proces zamenjave gotovine na Cipru in Malti je bil še dodatno olajšan zaradi hitre prilagoditve bankomatov, ki so bili prilagojeni bodisi še pred €-dnevom ali na dan 1. januarja 2008.
Second, while crossborder banks acknowledge the utility of initiatives taken by central banks to address problems related to international liquidity flows and the crossborder use of collateral, they note that certain hurdles regarding the pooling of liquidity and the crossborder use of collateral may remain.
Za pokritje potreb ob uvedbi je Eurosistem centralni banki Central Bank of Cyprus iz svojih zalog zagotovil skupaj 79,1 milijona eurobankovcev v nominalni vrednosti 1.730,0 milijonov EUR, Bank Ċentrali ta’ Malta/Central Bank of Malta pa je prejela skupaj 72,0 milijonov bankovcev v nominalni vrednosti 1.566,0 milijonov EUR.
Third, despite the remaining differences in the liquidity risk management of crossborder banks, the trend towards the centralisation of liquidity management policies and procedures,
Iz zemljepisnih in logističnih razlogov so dejansko dobavo bankovcev v imenu Eurosistema izvedle Bank of Greece, Banca d’Italia in Banco de Portugal.
The ECB contributed to the EU’s regulatory work in the area of securities through its participation in the European Securities Committee.
V zvezi z eurokovanci so se pristojni organi v obeh državah za zagotovitev potrebnih količin odločili za postopek javnega razpisa.
In general, public authorities focused their attention in 2007 on the correct implementationby Member States of both the Markets in Financial Instruments Directive and the Transparency Directive, as well as on the assessment of the need for further regulatory intervention.
Za zagotovitev verodostojnih informacij o organizaciji, odgovornostih in dejavnostih ECB oziroma Eurosistema je bil za ciprske in malteške novinarje na sedežu ECB v Frankfurtu septembra 2007 organiziran dvodnevni seminar.
More specifically, the ECB actively participated in international and European fora in the debate on possible regulatory measures for hedge funds, given their increasing role in the financial system and the possible implications for financial stability.
Za skupno informacijsko kampanjo v zvezi z eurom je bil sprejet sklop komunikacijskih dejavnosti, ki je vključeval kombinacijo raziskovalnih dejavnosti, objav, stikov z mediji in javnostjo ter posebnih spletnih mest.
Following a report on highly leveraged institutions prepared by the Financial Stability Forum (FSF), the international consensus on the prevailing indirect regulatory approach, based on the close scrutiny of hedge funds by their counterparties – mainly banks – and investors, was confirmed.
Po izvedbi vseevropske kvalitativne raziskave leta 2006 je bil v celotni informacijski kampanji v zvezi z eurogotovino močno poudarjen človeški element. V informativnih gradivih so bile uporabljene fotografije, ki so predstavljale ciprske in malteške državljane med ravnanjem z gotovino, katerih namen je bil ljudem približati euro.
The indirect approach, together with the pursuit of best practices by market participants, is fully supported by the ECB.
Kampanja je upoštevala tudi spoznanja iz informacijske kampanje ob uvedbi eura v Sloveniji, kjer je bil uporabljeni sklop komunikacijskih dejavnosti ocenjen v anketi februarja 2007.
The FSF is closely monitoring the implementation of its recommendations to supervisory authorities, counterparties, investors and the hedge fund industry, and has already reported to the G10 governors and ministers of finance on the progress made so far in this field. field.
18 V skladu s členom 52 Statuta ESCB mora Svet ECB storiti vse potrebno, da bi nacionalne centralne banke euroobmočja menjale bankovce, izražene v valutah z nepreklicno določenim menjalnim razmerjem do eura, po njihovi nominalni vrednosti. V skladu s tem je Svet ECB 24. julija 2006 sprejel smernico o zamenjavi takih bankovcev.
The Eurosystem has a keen interest in financial integration in Europe, as a well-integrated financial system enhances the smooth and effective transmission of monetary policy impulses in the euro area and has implications for the Eurosystem’s task of safeguarding financial stability.
1FINANČNA STABILNOST trgih, na koncu pa še motnjo delovanja bistvenih trgov financiranja. financiranja.
Financial integration also supports the efficient operation and smooth functioning of payment and securities settlement systems.
Eurosistem prispeva k nemotenemu vodenju politik pristojnih nacionalnih organov na področju bonitetnega nadzora kreditnih institucij ter stabilnosti finančnega sistema.
Furthermore, financial integration, a priority objective of the EU, can help to promote the development of the financial system, thereby raising the potential for economic growth.
Eurosistem tem organom oblasti in Evropski komisiji prav tako svetuje glede obsega in izvajanja zakonodaje Skupnosti na teh področjih.
are generally chosen on the basis of their importance to the EU’s financial integration agenda and their relevance to the pursuit of the ECB’s tasks.
ECB si v sodelovanju z Odborom za bančni nadzor ESCB prizadeva za zaščito stabilnosti finančnega sistema.1Ključne dejavnosti so spre- mljanje tveganj za finančno stabilnost in ocenjevanje sposobnosti finančnega sistema za absorbiranje šokov.
The second chapter of the first report covers the following topics: monetary policy and financial integration, strengthening the EU framework for crossborder banks, and the Single Euro Payments Area (SEPA) initiative and its implications for financial integration.
Pri tem se osredotoča na banke, saj te še naprej ostajajo glavni posredniki sredstev in so tudi glavni možni kanal za širjenje tveganj v finančnem sistemu.
Finally, the third chapter provides an overview of the Eurosystem’s contribution over the past calendar year towards achieving more integrated and developed financial markets in Europe.
Hkrati mora ESCB zaradi vse večjega pomena fi nančnih trgov in drugih fi nančnih institucij ter njihovih povezav z bankami spremljati ranljivosti v teh komponentah finančnega sistema.
The Eurosystem distinguishes between four types of activity through which it contributes to enhancing European financial integration: i) raising awareness of and monitoring financial integration, ii) acting as a catalyst for private sector activities by facilitating collective action, iii) giving advice on the legislative and regulatory framework for the financial system and direct rule-making, and iv) providing central banking services that also foster financial integration. The ECB continued its activities in all four areas throughout 2007.
Pred začetkom pretresov na trgu je bilo finančno stanje finančnega sistema euroobmočja trdno, kar je bilo posledica visoke dobičkonosnosti v bančnem sektorju, ki se je nadaljevala v prvi polovici leta 2007. To je bančnemu sistemu omogočalo akumulirati občutne zaloge za absorpcijo motenj.
In 2007 the ECB also continued its involvement in the Research Network on Capital Markets and Financial Integration in Europe, run in cooperation with the Center for Financial Studies at the University of Frankfurt am Main.
Izboljšanje dobičkonosnosti velikih bank euroobmočja v prvi polovici leta 2007 je bilo predvsem posledica močne rasti neobrestnih prihodkov, medtem ko so bili neto obrestni prihodki kljub močni, čeprav počasnejši rasti posojil zasebnemu sektorju še naprej pod pritiskom zaradi položne krivulje donosnosti.
The network continued its series of conferences with academics, market participants and policy-makers, with the active participation of NCBs.
Poleg tega so dobičkonosnost velikih bank euroobmočja spodbujali še naprej nizki stroški oslabitve posojil.
Its ninth conference, hosted by the Central Bank and Financial Services Authority of Ireland in Dublin on 89 October 2007, focused on “Asset management, private equity firms and international capital flows: their role for financial integration and efficiency”.
Na stopnje dobičkonosnosti v drugi polovici leta pa so negativno vplivali prevrednotenje kreditnega tveganja in težji tržni pogoji za financiranje likvidnosti.
In the context of the network, the ECB awards each year five “Lamfalussy Fellowships” to young researchers.
Ta negativni učinek so deloma povzročile spremembe vrednotenja drugorazrednih in strukturiranih kreditnih vrednostnih papirjev ter odobrenih finančno vzvodenih posojil.
Given that financial integration is expected to have implications for the development of the financial system and for economic growth, the ECB’s work on financial integration is closely linked to its wider analysis of factors supporting the adequate functioning of financial systems.
Medtem ko je visoka dobičkonosnost v prvi polovici leta 2007 še naprej pozitivno vplivala na kapital bank, so se stopnje solventnosti nekoliko znižale, ker je tehtana tvegana aktiva rasla počasneje od kapitalske osnove bank.
Work in this area continued in 2007, with the aim of setting out a conceptual framework for measuring the development of the financial system.
Vseeno so stopnje solventnosti v prvi polovici leta 2007 brez težav ostajale nad minimalnimi predpisanimi vrednostmi.
RAISING AWARENESS OF AND MONITORING FINANCIAL INTEGRATION In March 2007 the ECB published a new annual publication entitled “Financial integration in Europe”.
Od konca leta 2004 dalje ECB objavlja polletno poročilo o stabilnosti finančnega sistema v euroobmočju z naslovom „Financial Stability Review”. Leta 2007 je objavila tudi šesto izdajo poročila „EU banking sector stability” in „EU banking structures”.
The main purpose of this report is to contribute to the advancement of European financial integration and to raise public awareness of the Eurosystem’s role in supporting the financial integration process.
Te publikacije predstavljajo glavne ugotovitve rednega spremljanja strukture in stabilnosti bančnega sektorja, ki ga izvaja Odbor za bančni nadzor.
The report is divided into three chapters.
Na voljo so na spletni strani ECB.
The first chapter sets out the ECB’s assessment of the state of financial integration in the euro area.
CIKLIČNA GIBANJAV letu 2007 so se zaradi pretresov na mednarodnih fi nančnih trgih v drugi polovici leta pojavila številna vprašanja glede finančne stabilnosti v euroobmočju.
This assessment is based on a set of quantitative indicators – with detailed elaborations thereof in a statistical annex – covering many important aspects of the financial system (such as the money, bond, equity and banking markets, as well as market infrastructures) which are published semi-annually on the ECB’s website and annually in this new report.
Pomembnejša gibanja, njihova dinamika in nauki, ki jih lahko potegnemo iz teh dogodkov, so obravnavani v drugem delu tega poročila (glej razdelek 2 v poglavju 1) in v številnih publikacijah ECB, zlasti v izdaji Financial Stability Review.
The second chapter, entitled “Special features”, contains indepth analyses of selected issues. The topics
Kljub pretresom je finančni sistem euroobmočja v letu 2007 na splošno ostal zanesljiv in odporen.
ACTING AS A CATALYST FOR PRIVATE SECTOR ACTIVITIES Progress in European financial integration depends to a large extent on private sector initiatives aiming to make use of the existing opportunities for crossborder business.
Vseeno je bila njegova sposobnost absorbiranja šokov v drugi polovici leta za daljše obdobje postavljena pred hudo preizkušnjo.
and the European Payments Council organised a highlevel SEPA launch event for SEPA stakeholders and the media on 28 January.
Poleg tega je možnost neobvladljivega razpletanja svetovnih neravnovesij še naprej vir srednjeročnega tveganja za finančno stabilnost.
The ECB has supported the Short-Term European Paper (STEP) initiative since its inception in 2001.
Moč sektorja je podpirala nadaljnja rast premij, pa tudi omejevanje stroškov in umirjena gibanja na strani izgub.
Following the successful launch of the STEP market in July 2006, the Eurosystem has continued to contribute to the initiative in two main areas.
K boljši dobičkonosnosti je prispevala tudi rast prihodkov od naložb, ki so posledica ugodnih gibanj na delniških trgih v prvi polovici leta 2007.
First, the ECB and nine euro area NCBs will continue to provide technical assistance to the STEP Secretariat in the STEP labelling process until June 2008.
Vseeno nekaj tveganj v zavarovalniškem sektorju še ostaja in morebiti so se tudi povečala.
However, the ultimate responsibility for granting and withdrawing the STEP label rests with the STEP Secretariat.
Za zavarovalnice so med glavnimi tveganji še vedno tveganja na fi nančnih trgih. Čeprav kaže,
Second, the ECB regularly publishes statistics on yields and volumes in the STEP market on its website.
Glavni dolgoročni trendi konsolidacije in posredništva so se v letu 2007 nadaljevali.
The STEP statistics are expected to play an important role in fostering the integration of this market by contributing to greater transparency.
da je izpostavljenost zavarovalnic euroobmočja drugorazrednim hipotekarnim kreditom in strukturiranim kreditnim proizvodom omejena, so nekoliko zaskrbljujoči sekundarni učinki zahtevnih razmer na kreditnih trgih.
Since September 2006 the ECB has published STEP statistics on monthly outstanding amounts, and since April 2007 it has released STEP statistics on yields on a daily basis for selected data providers.
Dodatna tveganja se lahko pojavijo zaradi povečanja konkurence, zlasti v sektorju neživljenjskih zavarovanj, ki bi lahko upočasnila rast premij.
It is planned to publish daily statistics for all data providers from 2008.
Ob koncu leta 2006 je bilo v EU25 za 2 % manj kreditnih institucij kot v letu 2005.
ADVICE ON THE LEGISLATIVE AND REGULATORY FRAMEWORK FOR THE FINANCIAL SYSTEM AND DIRECT RULE-MAKINGThe Eurosystem regularly contributes to the development of the EU legislative and regulatory framework by providing advice on the main policy developments and initiatives under way.
Zmanjšanje števila kreditnih institucij je bilo tesno povezano zlasti z dogajanji na področju domačih združitev in prevzemov znotraj bančnega sektorja EU. Hkrati se je trend upadanja števila transakcij združitev in prevzemov, ki ga opažamo že od leta 2000, v letu 2007 nadaljeval.
In 2007 the Eurosystem continued its support for the SEPA initiative.
Celotni svetovni sektor hedge skladov je v letu 2007 še naprej rasel, čeprav so se gibanja neto prilivov med letom zelo spreminjala.
The project implementation reached its most important phase in 2007, in preparation for the launch of the SEPA in January 2008.
Neto prilivi v prvi polovici leta so bili kljub krajšemu obdobju pretresov na fi nančnih trgih konec februarja in začetek marca zelo močni.
The Eurosystem strengthened its catalyst role by maintaining a constant dialogue with banks and other stakeholders and by intensifying coordination efforts with the European Commission.
V drugi polovici leta so na neto prilive vlagateljev v sektor hedge skladov negativno vplivali pretresi na kreditnih trgih in splošne izgube v avgustu, ki so vplivale na vse investicijske strategije hedge skladov.
In July 2007 the Eurosystem stated its position on all relevant topics in its fifth SEPA progress report, which addresses the status of and recommendations on SEPA instruments and infrastructures, presents the Eurosystem’s views on the implementation measures and migration towards the SEPA, and deals with the legal framework for the SEPA and the governance of the related schemes and frameworks.
v letu 2007 povečala, predvsem zaradi velikih domačih poslov v nekaterih državah članicah. S prevzemom banke ABN Amro s strani konzorcija bank Royal Bank of Scotland, Santander in Fortis so čezmejni posli dosegli nov največji obseg.
The ECB and the Commission issued a joint statement welcoming the adoption of the PSD as a decisive step towards the realisation of the SEPA.
pomembna vprašanja obvladovanja kriz, če do njih pride, in njihovega reševanja.
With regard to the SEPA implementation process, the NCBs are directly involved in the work of the national bodies responsible for migration to the SEPA.
To okvir bo nacionalnim državnim organom omogočal, da učinkoviteje analizirajo posledice krize za domači finančni sistem in realno gospodarstvo.
At the European level, the ECB provided an analytical framework which allowed comparisons between national implementation plans.
Na področju distribucijskih kanalov v bančnem poslovanju s prebivalstvom je mogoče opaziti številna nova gibanja.
The Eurosystem hosted several fora to facilitate an open dialogue with banks, users and infrastructure providers, and supported similar initiatives by banks and the European Commission.
Na novo se določajo lokacije in storitve mrež poslovalnic, da bi postale stroškovno učinkovitejše in bolje povezane v nove distribucijske kanale, ki jih uporabljajo kreditne institucije.
The Eurosystem provided information to all stakeholders in brochures and on the websites of the ECB and the NCBs, and is hosting a link directory which brings together SEPA-related information.
Poleg tega se hitro razvijajo elektronski kanali, ne le za posredovanje informacij in za transakcijske storitve, temveč tudi za promocijo in prodajo bančnih proizvodov.
Activity with regard to the EU framework for financial supervision focused in 2007 on the broad-based review of the Lamfalussy framework, to which the Eurosystem contributed (see Section 2 of this chapter).
Na podlagi priporočil Ekonomsko-finančnega odbora je Ekonomsko-finančni svet oktobra 2007 sprejel strateški načrt za okrepitev ukrepov EU za finančno stabilnost na ravni EU in na nacionalni ravni.
Furthermore, as part of its advisory role in accordance with Article 105(4) of the Treaty, the ECB regularly provides advice on Commission proposals for Level 2 legislation (see also Section 2).
Razširjeni memorandum bo vseboval tudi prej navedeni skupni analitični okvir. Poleg tega bo vključeval praktične smernice za obvladovanje kriz, ki temeljijo na splošnem soglasju o ukrepih, ki jih je treba sprejeti v primeru čezmejne krize.
Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal market amending Directives 97/7/EC, 2002/65/EC, 2005/60/EC and 2006/48/EC and repealing Directive 97/5/EC (OJ L 319, 5.12.2007, p. 1).
To simulacijo je Ekonomsko-finančni odbor organiziral, da bi preveril ustreznost Memoranduma o soglasju o sodelovanju v primeru fi nančnih kriz med bančnimi nadzorniki, centralnimi bankami in finančnimi ministrstvi. Več podrobnosti je navedenih v letnem poročilu ECB 2006, str. 138–139.
To mark this important milestone, the ECB, the European Commission
ECB je v razpravi ves čas poudarjala, da je treba pozornost posvetiti predvsem preprečevanju fi nančnih kriz, ne da bi pri tem zanemarili