natgillin/translations-raw huggingface dataset:
Although risk assessments were performed for financial instruments where major changes had occurred, DG ECFINŐs last overall risk assessment was carried out in 2004. 
GD Ekonomi och finans gjorde visserligen riskbedmningar av finansiella instrument dr strre frndringar hade intrffat, men dess senaste vergripande riskbedmning genomfrdes 2004.
This assessment contained an evaluation of the impact and likelihood of potential risks for the treasury and financial market operations. 
Den bedmningen innehll en utvrdering av verkan av och sannolikheten fr potentiella risker i frga om finansfrvaltningen och transaktioner p finansmarknader.
In addition, in 2004, a risk management function was established by DG ECFIN contributing to the effective management of risk and monitoring at entity and activity levels. 
Dessutom infrde GD Ekonomi och finans 2004 en funktion fr riskhantering som bidrog till effektiv hantering av risker samt vervakning p enhets-och verksamhetsniv.
For the risks identified in the abovementioned assessments, risk reports are produced regularly and meetings are held throughout the year to monitor risk exposure (see Box 3). 
Fr de risker som identifierades vid de ovannmnda bedmningarna framstlls riskrapporter regelbundet, och mten hlls hela ret fr vervakning av riskexponeringen (se ruta 3).
The Court examined these reports and noted that the principal risks listed below were monitored and that limits set per investment category were regularly checked by the DG, which took corrective actions when this was deemed necessary: (a) market risk: this is the potential loss that could result from adverse market movements; it includes interest rate risk, which is the fluctuation of a financial instrumentŐs future cash flows because of changes in market interest rates, and foreign exchange risk, namely the currency exposures resulting from a financial instrument being denominated in a currency other than the euro; (b) credit risk: this is the potential loss to a portfolio that could result from the default of a counterparty or the deterioration of its creditworthiness, such as, for instance, downgrading by a rating agency; (c) operational risk: this is the risk of loss resulting from inadequate or failed internal processes, people and systems and external events. 
Revisionsrtten granskade dessa rapporter och noterade att de viktigaste riskerna som r frtecknade nedan vervakades och att angivna tak per investeringskategori regelbundet kontrollerades av generaldirektoratet, som vidtog korrigeringstgrder nr detta ansgs ndvndigt. a) Marknadsrisk: den potentiella frlust som kan uppst genom ogynnsamma marknadsrrelser.
21 Annual accounts of the European Communities financial year 2007, Volume I (Consolidated financial statements and consolidated reports on implementation of the budget), Section 7 (Financial risk management). 16 Special Report No 5/2009 Ń The CommissionŐs treasury management 
21 Europeiska gemenskapernas rsredovisning Đ Budgetret 2007 Đ Del I Đ Konsoliderade rsredovisningar och konsoliderade rapporter om genomfrandet av budgeten, Avsnitt 7 (Hantering av finansiella risker). 16 Srskild rapport nr 5/2009 Đ Kommissionens likviditetsfrvaltning
PERFORMANCE MEASUREMENT AND BENCHMARKING 27. 
MTNING AV RESULTAT SAMT RIKTMRKNING 27.
Management should monitor performance by establishing systems which gather information on the implementation of the selected activities. 
Ledningen br vervaka resultatet genom infra system som samlar information om genomfrandet av de utvalda verksamheterna.
These systems should make use of indicators in order to evaluate performance in relation to the set goals and objectives22. 
I systemen br indikatorer anvndas fr utvrdering av resultaten i frhllande till de ml och syften som satts upp22.
In addition, benchmarking is a process used in management by which organisations evaluate various aspects of their processes and performance in relation to best practice and take corrective action. 
Vidare r riktmrkning en process inom frvaltning som organisationer anvnder fr att utvrdera skilda aspekter av sina processer och resultat i frhllande till bsta metoder, varefter de gr justeringar.
They refer to payment operations (at least one payment run per day), the bank reconciliation process (number of unreconciled items older than 30 days), and to the management of third-party files. 
De avser betalningstransaktioner (tminstone en betalningskrning per dag), bankens avstmningsprocess (antal oavstmda poster ldre n 30 dagar) samt frvaltningen av register med uppgifter om tredje part.
These Ôhigh levelŐ indicators do not cover all the areas of the treasury management operations and no evidence of appropriate benchmarks was found. 
Dessa indikatorer p hg niv tcker inte alla omrden inom likviditetsfrvaltningen, och revisorerna fann inga belgg fr att lmpliga riktmrken anvndes.
22 These notions are documented in the CommissionŐs internal control standard number 5 Ôobjectives and performance indicatorsŐ. 
22 Dessa begrepp r dokumenterade i kommissionens norm nummer 5 fr internkontroll: Óml och resultatindikatorerÓ.
17 BOX 3 EXAMPLE OF RISK MONITORING ACTIVITIES BY DG ECFIN Quarterly risk report on financial activities of a DG ECFIN unit for the quarter ending on 31 December 2007 (extracts) Ľ The financial market turmoil, also known as the sub-prime crisis, continued over the reporting period. 
17 RUTA 3 EXEMPEL P GD EKONOMI OCH FINANS RISK VERVAKNING Kvartalsrapport om risker avseende finansiell verksamhet vid en enhet vid GD Ekonomi och finans fr det kvartal som slutar den 31 december 2007 (utdrag) Ľ Kaoset p finansmarknaden, som ven kallas subprimekrisen, fortsatte under rapporteringsperioden.
The operational unit concerned and the risk management unit continued the close monitoring of the development of the sub-prime crisis over the past months in order to assess its possible impact on the treasury management portfolio of bonds and bank deposits. 
Den berrda transaktionsenheten och riskhanteringsenheten fortsatte att noggrant vervaka subprimekrisens utveckling under de gngna mnaderna fr att bedma dess mjliga effekter p likviditetsfrvaltningens obligationsportflj och banktillgodohavanden.
From a credit risk perspective, an updated analysis of the bond portfolio and the bank counterparties was prepared. 
Med tanke p kreditrisken utarbetades en uppdaterad analys av obligationsportfljen och bankmotparterna.
Ľ Concentration risk is also monitored. This is the risk arising from too high a proportion of bonds or deposits being allocated to a specific country, sector, instrument or type of transaction. 
Det r den risk som uppstr genom en alltfr stor andel obligationer eller banktillgodohavanden i ett srskilt land, en srskild sektor, ett srskilt instrument eller en srskild transaktionstyp.
Compliance with in-house procedures and standard regulations was tested and results for the quarter were reported and analysed. 
Efterlevnaden av de interna frfarandena och standardbestmmelserna granskades och resultaten fr kvartalet rapporterades och analyserades.
This was based on the examination of a sample of securities transactions and deposits placed during the period. Special Report No 5/2009 Ń The CommissionŐs treasury management 
Till grund lg granskningen av ett urval vrdepapperstransaktioner och insttningar som gjorts under perioden. Srskild rapport nr 5/2009 Đ Kommissionens likviditetsfrvaltning
DG ECFIN uses a market index23 as the benchmark for its performance review of the portfolio of securities and cash of the European Coal and Steel Community (ECSC) and the Guarantee Fund for external actions. 
GD Ekonomi och finans anvnder ett marknadsindex23 som riktmrke fr sin resultatversyn av vrdepappersportflj och likvida medel vid Europeiska kol-och stlgemenskapens (EKSG) och garantifonden fr tgrder avseende tredje land.
In this respect, tolerance ranges were established and when the portfolioŐs actual monthly performance was found to fall outside the range, the DG undertook actions to correct the portfolio. 
I detta sammanhang faststlldes tole-ransgrnser, och nr portfljens faktiska resultat per mnad befanns vara utanfr grnsen vidtog generaldirektoratet tgrder fr justering av portfljen.
However, the benchmark to be used for the performance review of the other portfolios, namely money market products, such as deposits managed by the DG, was under preparation at the time of the audit. 
Riktmrket fr resultatversynen av de vriga portfl-jerna, nmligen penningmarknadsprodukter, till exempel saldon som frvaltades av generaldirektoratet, var emellertid under utarbetande vid tidpunkten fr revisionen.
MANAGEMENT OF FIDUCIARY ACCOUNTS 30. 
F RVALTNING AV F RVALTNINGSKONTON 30.
Fiduciary accounts are established for certain EU spending programmes in the context of specific agreements entered into by the Commission, where a financial institution acts as an authorised agent of the Commission. 
Frvaltningskonton inrttas fr vissa av EU:s utgiftsprogram inom ramen fr srskilda avtal som kommissionen ingtt, och i vilka ett finansinstitut fungerar som kommissionens bemyndigade ombud.
In other words, these are accounts opened with a financial institution for it to manage funds directly and to make payments on behalf of the Commission. 
Med andra ord ppnas kontona hos ett finansinstitut fr att det ska frvalta medel direkt och gra betalningar fr kommissionen.
Funds are transferred from the Commission to these fiduciary accounts to cover future payments. 
Medel verfrs frn kommissionen till frvaltningskontona fr att tcka kommande betalningar.
The total amount of funds held in such accounts at the end of 2007 was approximately 970 million euro24; the largest part, approximately 900 million euro, is classified as short-term deposits and the rest as current accounts (see Table 1). 
Det totala beloppet p sdana konton uppgick i slutet av 2007 till ungefr 970 miljoner euro24. Den strsta delen, ungefr 900 miljoner euro, klassificeras som kortfristiga placeringar och resten som avistakonton (se tabell 1).
The CourtŐs audit showed that there are no clear rules for the setting up of these fiduciary accounts. 
Revisionsrttens granskning visade att det inte finns ngra tydliga regler fr inrttandet av dessa frvaltningskonton.
In addition, there is also no explicit strategy aimed at the optimisation of the interest produced by these accounts. 
Vidare finns det ingen klar strategi fr att optimera den rnta som kontona genererar.
The CourtŐs audit revealed that the terms of the contractual agreements entered into with financial intermediaries differ. 
Av revisionen framgick att villkoren i de avtal som ingtts med finansinstituten skiljer sig t.
This can result in significant variations as to the return obtained from these accounts25. 
Detta kan medfra att avkastningen frn dessa konton varierar betydligt25.
It should be noted, however, that these variations can be partly explained by the different legal bases, payment frequencies and maturity patterns. 
Det br emellertid noteras att variationerna delvis kan frklaras genom olika rttsliga grunder, betalnings-frekvenser och frfallotider.
There is no overall supervision of the management of the funds held by these financial institutions. 
Det finns ingen vergripande vervakning av frvaltningen av de medel som finns hos finansinstituten.
DG ECFIN has the necessary expertise and systems in place to ensure an effective overview. 
GD Ekonomi och finans har den ndvndiga sakkunskapen och systemen fr att skerstlla en effektiv verblick.
In July 2007, DG ECFIN offered its asset management services to the six DGs con-cerned26. 
GD Ekonomi och finans erbjd de sex berrda generaldirek-toraten26 sina kapitalfrvaltningstjnster i juli 2007.
As a result, agreements between DG ECFIN and two DGs have been signed. 
Det resulterade i att avtal undertecknades mellan GD Ekonomi och finans och tv andra generaldirektorat.
23 The iboxx index is published by ÔDeutsche Brse AGŐ on the basis of prices from multiple providers. 
23 iBoxx Index publiceras av ÓDeutsche Brse AGÓ p grundval av priser frn mnga leverantrer.
According to DG ECFIN it constitutes a market standard. 
Enligt GD Ekonomi och finans utgr det en marknadsstandard.
24 720 million euro of this amount relates to specific agreements entered into by Commission DGs with the European Investment Bank (EIB) and the European Investment Fund (EIF). 
24 Av detta belopp gller 720 miljoner euro srskilda avtal som kommissionens generaldirektorat ingtt med Europeiska investeringsbanken (EIB) och Europeiska investeringsfonden (EIF).
25 For instance, different rules apply for the interest calculation in the conventions entered into between the Commission and the EIB on the accounts for risk capital and interest rebates from the ones used for the Facility for Euro-Mediterranean Investment (FEMIP). 
25 Olika regler tillmpas till exempel fr berkning av rntan i de avtal som ingtts mellan kommissionen och EIB om riskkapitalkontona och rntesubventionerna jmfrt med dem som anvnds fr faciliteten fr investering och partnerskap fr Europa-Medelhavsomrdet (Femip).
The Court calculated that interest generated up to the end of 2006 on the FEMIP accounts would have been approximately 0,8 million euro higher, if the interest method of the accounts for risk capital and interest rebates had been used. 
Revisionsrtten berknade att de rnteintkter som genererats fram till slutet av 2006 p Femip-kontona skulle ha varit ungefr 0,8 miljoner euro hgre om rntemetoden fr riskkapitalkontona och rntesubventionerna anvnts.
26 EuropeAid, DG Enlargement, DG Research, DG Regional Policy, DG External Relations and DG Development. 
26 EuropeAid, GD Utvidgning, GD Forskning, GD Regionalpolitik, GD Yttre frbindelser och GD Bistnd.
18 Special Report No 5/2009 Ń The CommissionŐs treasury management MANAGEMENT OF FINES 33. 
18 Srskild rapport nr 5/2009 Đ Kommissionens likviditetsfrvaltning F RVALTNING AV B TER 33.
Fines paid to the Commission in cases of ongoing litigation are provisionally held in specific deposit accounts with commercial banks and they cannot be used to finance any other Community activities27. 
Btesbelopp som betalas till kommissionen under en pgende tvist finns preliminrt p srskilda konton hos affrsbanker, och medlen kan inte anvndas fr att finansiera annan gemenskapsverksamhet27.
The volume of fines held as restricted cash has grown significantly from 2,9 billion euro on 31 December 2006 to 5 billion euro on 31 December 2007. 
Volymen btesbelopp som hlls som bundna likvida medel har kat betydligt, frn 2,9 miljarder euro den 31 december 2006 till 5 miljarder euro den 31 december 2007.
Although some informal guidelines have been devised and are being followed, a clear policy on the treatment of these fines has not been established. 
Vissa informella riktlinjer har utarbetats och fljs, men ngon tydlig policy fr behandling av btesbeloppen har inte faststllts.
In these guidelines, DG BUDG addressed risk exposure by defining a specific minimum MoodyŐs or equivalent rating required and by limiting its exposure to each commercial bank (see paragraph 23). 
I riktlinjerna hanterade GD Budget riskexponeringen genom att ange lgsta godtagbara kreditbetyg enligt Moodys eller motsvarande och genom att begrnsa sin exponering mot varje affrsbank (se punkt 23).
Notwithstanding the above, the risk of such large sums of money being held in specific current accounts with commercial banks still needs to be effectively addressed. 
Trots ovanstende behver risken med att hlla s stora belopp p srskilda transaktionskonton hos affrsbanker nd hanteras p ndamlsenligt stt.
At the time of the audit DG BUDG and DG ECFIN were in the process of searching for an optimum solution to the problem of the treasury management of these substantial funds, aiming to minimise the risk of loss and at the same time to yield a fair return. 
Vid tidpunkten fr revisionen skte GD Budget och GD Ekonomi och finans efter den optimala lsningen p problemet med frvaltningen av dessa betydande medel i syfte att minimera frlustrisken och samtidigt f en sklig avkastning.
27 Accounts are held with the following six banks: Fortis, BBVA, ING Belgium, KBC, ING NL and Citibank. 
27 Kommissionen har konton hos fljande sex banker: Fortis, BBVA, ING Belgien, KBC, ING NL och CITIBANK.
19 TABLE 2 2007 2006 Number of payments processed by DG BUDG 1 570 576 1 508 983 Number of payments processed by DG ECFIN 1 485 1 577 Bank account file validations 71 879 60 637 Bank account file modifications 31 703 18 227 Third-party file validations 56 864 14 551 Third-party file modification volume 17 598 18 796 SELECTED PAYMENT PROCESS STATISTICS Source: European Court of Auditors, on the basis of data provided by the Commission. Special Report No 5/2009 Ń The CommissionŐs treasury management 
19 TABELL 2 2007 2006 Antal betalningar behandlade av GD Budget 1 570 576 1 508 983 Antal betalningar behandlade av GD Ekonomi och finans 1 485 1 577 Valideringar av uppgifter om bankkonto 71 879 60 637 ndringar av uppgifter om bankkonto 31 703 18 227 Valideringar av uppgifter om tredje part 56 864 14 551 Volymen ndringar av uppgifter om tredje part 17 598 18 796 ETT URVAL AV STATISTISKA UPPGIFTER OM BETALNINGSPROCESSEN Klla: Europeiska revisionsrtten, p grundval av uppgifter frn kommissionen. Srskild rapport nr 5/2009 Đ Kommissionens likviditetsfrvaltning
THE PAYMENT PROCESS AND MANAGEMENT OF THE BANK ACCOUNTS 35. 
BETALNINGSPROCESSEN OCH F RVALTNINGEN AV BANKKONTON 35.
A significant number of treasury transactions are executed and processed each year by both DGs (see Table 2). 
Ett betydande antal finanstransaktioner genomfrs och behandlas varje r av de bda generaldirektoraten (se tabell 2).
No significant weaknesses were noted. 
Inga betydande brister noterades.
Before a payment can be processed, a third-party file has to be created in the CommissionŐs computerised accounting system containing bank details and information on the identity of the recipient. 
Innan en betalning kan behandlas mste en fil med uppgifter om tredje part infras i kommissionens datoriserade redovisningssystem med bankuppgifter och uppgifter om mottagarens identitet.
In 2006 there was a significant delay of approximately four to six weeks for processing creation and modification requests for third-party files. 
Under 2006 frekom en betydande frsening p fyra till sex veckor av behandlingen av nskeml om att uppgifter om tredje part skulle infras eller ndras.
This was overcome by DG BUDG in 2007 by increasing human resources in the unit concerned. 
GD Budget hade ftt bukt med detta problem 2007 genom att ka personalantalet vid den berrda enheten.
The Commission also established procedures with the aim of ensuring that: (a) the transactions processed by the commercial banks on the CommissionŐs accounts are reconciled on a regular basis with their corresponding entries in the CommissionŐs accounting system in order to identify and resolve any differences; (b) bank interest and charges are checked regularly to ensure correctness of the amounts received and paid; (c) foreign exchange operations are accurately processed28. 
Kommissionen har ven infrt frfaranden fr att se till att a) de transaktioner som behandlas av affrsbanker p kommissionens konton regelbundet avstms mot motsvarande transaktioner i kommissionens redovisningssystem fr att identifiera och tgrda eventuella avvikelser, b) bankrnta och avgifter kontrolleras regelbundet fr att skerstlla att de belopp som mottas och utbetalas r korrekta, c) valutatransaktioner behandlas noggrant28.
No significant weaknesses were noted and the procedures in place were adequate and, overall, operating effectively at both DG BUDG and DG ECFIN. 
Inga betydande brister noterades och de befintliga frfarandena var fullgoda och fungerade verlag vl vid bde GD Budget och GD Ekonomi och finans.
A foreign exchange policy was nevertheless formally adopted by DG BUDG only in February 2008. 
En valutapolicy antogs emellertid inte formellt av GD Budget frrn i februari 2008.
28 Examples of foreign currency transactions: (i) bank accounts are held in currencies other than the euro for the purpose of executing payments denominated in these same currencies; depending on the needs, funds are transferred to these accounts from euro accounts and (ii) own resources paid by Member States in currencies other than the euro are converted into euro depending on the treasury needs. 20 Special Report No 5/2009 Ń The CommissionŐs treasury management 
28 Exempel p transaktioner i utlndsk valuta: i) Bankkonton i andra valutor n euro fr att verkstlla betalningar med dessa valutor; beroende p behoven verfrs medel till dessa konton frn konton i euro. ii) Egna medel som betalas av medlemsstaterna i andra valutor n euro konverteras till euro beroende p likviditetsbehovet. 20 Srskild rapport nr 5/2009 Đ Kommissionens likviditetsfrvaltning
HUMAN RESOURCES 39. 
PERSONAL 39.
Both DG BUDG and DG ECFIN apply standard Commission procedures in the area of human resources management. 
Bde GD Budget och GD Ekonomi och finans tillmpar kommissionens standardfrfaranden inom personalpolitiken.
These procedures include the recruitment, appraisal and career mobility of members of staff involved in treasury management. 
Frfarandena omfattar rekrytering, bedmning och rrlighet fr personalmedlemmar som sysslar med likviditetsfrvaltning.
The CourtŐs audit confirmed that appropriate job descriptions had been drawn up and staff employed possess adequate qualifications and sufficient previous experience relevant to the duties attached to their posts. 
Revisionsrttens granskning bekrftade att lmpliga arbetsbeskrivningar hade utarbetats och att de anstllda har fullgoda kvalifikationer och tillrcklig tidigare erfarenhet fr de uppgifter som deras befattning innebr.
DG BUDGŐs unit responsible for treasury management operates with a small and highly experienced number of staff. 
GD Budgets enhet som ansvarar fr likviditetsfrvaltning fungerar med ett litet antal mycket erfarna anstllda.
The low staff turnover over recent years has created a relatively stable working environment. 
Den lga personalomsttningen under senare r har lett till en relativt stabil arbetsmilj.
In the event, though, of key members of staff leaving at short notice, and considering the lack of documentation in some of the procedures (see paragraphs 16 and 18), there is a considerable risk to business continuity, potentially impacting on the management and control of the CommissionŐs treasury activities. 21 Special Report No 5/2009 Ń The CommissionŐs treasury management 
Om nyckelpersoner skulle lmna enheten med kort varsel finns det emellertid med tanke p bristen p dokumentation om vissa av frfarandena (se punkterna 16 och 18) en avsevrd risk fr bristande kontinuitet i verksamheten vilket kan inverka p frvaltningen och kontrollen av kommissionens finansverksamhet. 21 Srskild rapport nr 5/2009 Đ Kommissionens likviditetsfrvaltning
22 CONCLUSIONS AND RECOMMENDATIONS DOES THE COMMISSION COMPLY WITH THE RULES AND REGULATIONS APPLICABLE TO TREASURY MANAGEMENT? 
22 SLUTSATSER OCH REKOMMENDATIONER IAKTTAR KOMMISSIONEN DE REGLER OCH F RORDNINGAR SOM R TILLMPLIGA P LIKVIDITETSF RVALTNING?
The Commission complied overall with the main legal provisions prescribed by the CommunitiesŐ own resources regulation and in the Implementing Rules of the Financial Regulation (paragraphs 13 and 14). 
Kommissionen iakttog verlag de viktigaste bestmmelserna i frordningen om gemenskapernas egna medel och i budgetfrordningens genomfrandebestmmelser (punkterna 13 och 14).
The Commission has set up reliable and effective cash management forecast procedures ensuring that it has at its disposal sufficient funds to cover cash requirements arising from budgetary implementation (paragraph 17). 
Kommissionen har inrttat tillfrlitliga och ndamlsenliga frfaranden fr likviditetsbudgetering, som garanterar att den frfogar ver tillrckliga medel fr att tcka behoven av likvida medel fr genomfrandet av budgeten (punkt 17).