Examples of using Bail-in tool in English and their translations into Dutch
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Colloquial
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Official
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Ecclesiastic
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Medicine
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Financial
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Computer
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Ecclesiastic
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Official/political
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Programming
Objective and Scope of the Bail-In Tool.
Bail-In Tool: Ancillary Provisions.
Objective and Scope of the Bail-In Tool.
The bail-in tool needs additional explanation and clarification;
When resolution authorities apply the bail-in tool, the provisions of Article 30 and 31 shall apply.
The bail-in tool may be applied for any of the following purposes:(a).
Member States shall ensure that resolution authorities may apply the bail-in tool for either of the following purposes.
The provisions on the bail-in tool are subject to a longer transposition period
creditors in case of partial transfers and application of the bail-in tool.
Also the impacts of the bail-in tool on the costs of funding for banks and non-financial firms(SMEs)
In addition, the group level resolution authority should have the power to apply the bail-in tool at parent level.
The bail-in tool achieves that objective by ensuring that shareholders
Nevertheless, it is appropriate to exclude certain kinds of unsecured liability from the scope of application of the bail-in tool.
Member States shall ensure that, when applying the bail-in tool, resolution authorities take in respect of shareholders one or both of the following actions.
to minimise its impact it is necessary to allow not to apply the bail-in tool until 1 January 2018.
The bail-in tool will give resolution authorities the power to write down the claims of unsecured creditors of a failing institution and to convert debt claims to equity.
the asset separation tool or the bail-in tool;
when applying the bail-in tool, resolution authorities exercise the write down and conversion powers respecting the following requirements.
In addition, the text of the IA has been updated reflecting latest developments in international fora as well as incorporation of results of the discussions on the bail-in tool that took place in April 2012.
If the resolution plan provides for the possible application of the bail-in tool, authorities shall verify that the authorised share capital is sufficient to cover the aggregate amount referred to in Article 41.
Bail-in tool' means the exercise by a resolution authority of the write-down
Member States shall ensure that, where resolution authorities apply the bail-in tool arrangements are adopted to ensure that a business reorganisation plan for that institution is drawn up and implemented in accordance with Article 47.
by the institution where the bail-in tool has been applied;
Member States shall ensure that the bail-in tool may be applied to all liabilities of an institution that are not excluded from the scope of that tool pursuant to paragraph 2.
including the bail-in tool, and other recovery measures for the financial sector.
However, in order to ensure that the bail-in tool is effective
liabilities covered by the financial contract have been transferred to another entity, or the bail-in tool has been applied to the institution under resolution for the purpose referred to in point(b) of Article 372.
Where resolution authorities apply the bail-in tool, the shareholders and creditors whose claims have been written down
Member States shall ensure that, when applying the bail-in tool, resolution authorities assess the aggregate amount by which eligible liabilities must be reduced
Where resolution authorities apply the bail-in tool, they may exclude from the application of the write-down