Examples of using Prudential framework in English and their translations into Hungarian
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Tax aspects, regulatory aspects, prudential framework.
(35) A robust prudential framework is of paramount importance.
The European Commission presented its proposal to review the prudential framework for investment firms.
The prudential framework of a third country may be considered equivalent where that framework fulfils all the following conditions.
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.
The existing prudential framework requires supervisors to assess and decide whether banks' provisions are adequate and timely from a prudential perspective.
The Directive will also underpin consumer protection and enhance competition and innovation by establishing an appropriate prudential framework for new entrants to the retail payments market.
As mentioned above, the prudential framework applicable to investment firms(including commodity dealers) laid down in the CRR and the CRD is currently under review.
The risks faced and posed by investment firms are thus substantially different to the risks faced and posed by credit institutions andsuch difference should be clearly reflected in the prudential framework of the Union.
Moreover this revised prudential framework will promote further integration of EU financial markets and help diversify funding sources and unlock capital for EU businesses.
In the area of credit risk: all the newly agreed revisions should be implementedin the EU, maintaining a prudential framework based on external ratings and the loan-splitting approach to exposures secured by real estate.
Solvency II, a risk-based prudential framework for supervision of insurance and reinsurance companies, aims to protect policyholders and beneficiaries by ensuring the financial soundness of insurance companies.
It is essential to ensure that rules are adopted to better differentiate simple, transparent and standardised products from complex,opaque and risky instruments and to apply a more risk-sensitive prudential framework.
Further steps should also be taken to strengthen the prudential framework of banking supervision, to adjust the wage-indexation system and to improve vocational education, training and skills, the business environment and energy efficiency.
This point is reiterated by the Council which has indicated that the risks faced and posed by most investment firms are substantially different to the risks faced and posed by credit institutions andthat such differences should be clearly reflected in the prudential framework.
They introduce for the first time a harmonised, sound and robust prudential framework for insurance firms in the EU, including quantitative, governance and reporting rules, to facilitate the development of a single market in insurance services.
It is appropriate to provide for different treatment for authorised payment service providers and for those benefiting from an exemption under this Directive as wellas from the exemption under the Article 3 of Directive 2009/110/EC, due to the differences in their respective prudential framework.
Solvency II introduces for the first time a common,sound and robust prudential framework for insurance firms in the EU, including quantitative, governance and reporting rules, to facilitate the development of a single market in insurance services.
It is appropriate to provide for different treatment for authorised payment service providers and for those benefiting from an exemption under this Directive as well as from the exemption under the Article 3 of Directive 2009/110/EC,due to the differences in their respective prudential framework.
(42) In order to ensure legal certainty andavoid overlaps between the current prudential framework applicable to both credit institutions and investment firms and this Regulation, Regulation(EU) No 575/2013 and Directive 2013/36/EU are amended in order to remove investment firms from their scope.
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.
The CRR, as amended in accordance with the present proposal,lays down a harmonised EU prudential framework for credit institutions and investment firms through the establishment of uniform and directly applicable rules to those institutions, including in the area of capital charges for credit risk attached to securitisation positions.
WELCOMES the Commission proposals for amendments to the Capital Requirement Directive(CRD), covering areas such as risk management, a possible supervisory framework for cross-border groups, crisis management andenhanced requirements for securitisation in view of further strengthening the existing prudential framework and risk management in the financial sector, as well as the Commission's proposals for amendments to ensure that the risks associated with the"originate-and-distribute model"(ODM) are properly mitigated.
The improved prudential framework for banks and the new risk-based capital requirements for insurers in Solvency II, combined with improved risk management standards, will induce financial institutions to better internalise the risk of their activities and contribute to more efficient, risk-adjusted pricing.
It is also fully consistent with the generalthrust of the investment firms review(finding the appropriate prudential framework for investment firms) mandated in that Regulation(it would allow maintaining the existing treatment of commodity dealers until he review is concluded and any potential legislative proposals resulting from it are implemented).
Establishing a more risk-sensitive prudential framework for simple, transparent and standardised("STS") securitisations requires that the Union clearly defines what a STS securitisation is, since otherwise the more risk-sensitive regulatory treatment for credit institutions and insurance companies would be available for different types of securitisations in different Member States.