Examples of using Prudential framework in English and their translations into German
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Political
A robust prudential framework is of paramount importance.
Responsibility for Prudential Supervision and Applicable Prudential Framework.
The prudential framework of a third country may be considered equivalent where that framework fulfils all the following conditions.
This is a vital prerequisite for a harmonised implementation of the new prudential framework.
Several directives have been adopted recently which define a prudential framework for monitoring risks associated with derivatives.
The global prudential framework proposed imposes on-going prudential control and requires that funds hold sufficient assets to cover their commitments.
Work will have to be taken forward bothwithin the EU and in the relevant international fora to improve prudential frameworks and transparency of financial markets.
That is why the Commission has proposed a global prudential framework, with rules on such issues as assets, liabilities and information for beneficiaries.
The Directive will also underpin consumer protection and enhance competition andinnovation by establishing an appropriate prudential framework for new entrants to the retail payments market.
Moreover this revised prudential framework will promote further integration of EU financial markets and help diversify funding sources and unlock capital for EU businesses.
To revive the securitisation market it would be crucial to“differentiate” between good andbad securitisation which should then allow improving the prudential framework for the good one.
The Commission's proposed Directive aims to create a prudential framework so as to ensure a high level of protection for the rights of future pensioners.
The existing treatment of commodity dealers is extended upuntil the investment firms review is completed and any potential changes to the existing prudential framework stemming therefrom are implemented.
The aim is to create at the level of the European union a prudential framework strong enough to protect the rights of future pensioners and to increase the affordability of occupational pensions.
These weaknesses have been identified in the evaluation of the Electronic Money Directive.They are linked mainly to the inadequacy of the legal and prudential framework for electronic money institutions under the current Directive.
Finally, the revised prudential framework will contribute to a more efficient capital allocation and portfolio diversification for investors and will enhance overall efficiency of EU capital markets.
The Directive was put forward by the Commission in October 2000,although the first attempt to create a prudential framework for pension funds in the EU goes back to the early 1990s.
Reinforcing the prudential framework and risk management in the financial sector, through reviewing a number of areas of the Capital Requirements Directive(CRD), and the enhancement of the management of liquidity risk.
In the debate surrounding the implementation of the Paris climate targets, some have suggested using the prudential framework to actively steer financial flows away from emissions-heavy sectors to more environmentally friendly ones.
The Directive proposes a prudential framework to provide security of pensions and high level of protection for future pensioners and to give institutions flexibility to develop effective investment policy.
To this end, it will set out how work can bebrought forward in those outstanding areas where the regulatory and prudential framework may need to be reviewed and completed to achieve these objectives.
I should like to reaffirm that we, as the Presidency and as the Council, shall continue to work on the convergence of supervisory practices and also on the schemes andmechanisms that will make it possible to constantly improve the prudential framework.
The prudential framework laid down by the Commission is vague and the report imposes the country of origin principle, which we find unacceptable, since the destination Member State must, of course, also retain the possibility of establishing coherence with internal social law.
It is vividly illustrated by the current limitations on recourse to countercyclical fiscal policy in a number of countries. But the lesson applies equally to other policy spheres,including monetary policy and prudential frameworks.
Moreover, a more risk-sensitive prudential framework for STS securitisation requires the EU to define what STS securitisation is, since otherwise the more risk sensitive regulatory treatment for banks and insurance companies could be available for different types of securitisations in different Member States.
The Barcelona European Council in March 2002 set a deadline of the end of 2002 for the adoption of the Directive, which was put forward by the Commission in October 2000,although the first attempt to create a prudential framework for pension funds in the EU goes back to the early 1990s.
The new prudential frameworks for insurance(Solvency II11) and banks(Capital Requirements Regulation and Directive12) have given rise to concerns that it could discourage investments in VC funds, treated as non listed investments or high risk assets(along with commodities and hedge funds) in the calculations for prudential requirements13.
Furthermore, it is important that EU policy makers play a key role in the international debate on this issue,in particular in the discussions in Basel15 on developing a prudential framework for simple, transparent and standardised securitisations, in order to ensure sufficient harmonisation at international level.
Among the issues the Commission will be working on in 2008, together with other actors at EU and international level, will be: transparency for investors, markets and regulators; valuation standards,including illiquid assets; prudential framework, risk management and supervision in the financial sector; as well as market functioning including the role of credit agencies.
