Examples of using Resolution framework in English and their translations into Hungarian
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The need for an effective recovery and resolution framework.
The resolution framework will need to consist of resolution tools that comprise a combination of resolution powers.
It establishes a common European recovery and resolution framework. 2.
The objective of a credible recovery and resolution framework is to obviate the need for such action to the greatest extent possible.
The EESC recommends that all banks andall supervised financial institutions should be part of the resolution framework.
Reform measures must help strengthen Europe's prudential and resolution framework for banks and other financial actors.
The Commission's role would be limited to the decision to trigger the resolution of a bank and the decision on the resolution framework.
In the field of financial stability and crisis management, the resolution framework represents an international best practice.
The resolution framework recognises the existence of cross border groups in Europe as one of the key drivers for the integration of the Union financial markets.
On 5 October 2012,the European Commission published a consultation paper on a possible recovery and resolution framework for financial institutions other than banks.
When a resolution framework that stops contagion is in place, the DGS fund will only finance a few banks that default initially.
The European Commission alsopublished a proposal for putting into place a recovery and resolution framework for Central Counterparties which are systemically important for the financial system.
(63) The resolution framework should include procedural requirements to ensure that resolution actions are properly notified and made public.
Other countries allow funds raised from the levy to beabsorbed by the general budget without any explicit link to the resolution framework for the financial sector.
A public consultation on a possible recovery and resolution framework for non-bank institutions was carried out by the European Commission between 5 October and 28 December 2012.
Other countries allow funds raised from the levy to beabsorbed by the general budget as no explicit link to the resolution framework for the financial sector is intended.
Recalls that afiscal backstop is key to ensuring a credible and efficient resolution framework and the ability to cope with systemic crises in the Banking Union, as well as to avoiding recourse to publicly-funded bank bailouts;
The resolution framework should include procedural requirements to ensure that resolution actions are properly notified and, subject to the limited exceptions laid down in this Directive, made public.
Is of the opinion that a treaty revision will be required in order tofully anchor the EU crisis prevention and resolution framework on the basis of legally sound and economically sustainable grounds;
In line with the CRD IV/CRR package, the resolution framework will primarily apply to credit institutions and investment enterprises headquartered in Hungary, as well as to financial undertakings subject to consolidated supervision.
The EESC welcomes the Commission proposal for establishing a BU with an SSM andbelieves that the current recovery and resolution framework should be amended in line with the operation of the new mechanism.
An ex-ante agreement setting out the principles for fair burden sharing is a necessary"safety-net"that will ensure that the authorities involved have the necessary incentives to cooperate under the crisis prevention and resolution framework.
Bank resolution tools that involve transfer of assets may also interfere with the rights of creditors and market counterparties,and any EU resolution framework would need to incorporate adequate safeguards to protect those interests.
The involvement of EBAin all phases of the bank recovery and resolution framework is proposed and supported by the stakeholders, even if EBA regulation presently does not give competence to EBA in a resolution process.
The Commission calls on the Council and European Parliament to adopt the proposed regulations by the end of 2012, together with the other three components of an integrated"banking union"- the single rulebook in the form of capital requirements, harmonized deposit protection schemes,and a single European recovery and resolution framework.
(18) Since the objectives of this Regulation,namely to lay down uniform rules for the purposes of Union recovery and resolution framework, cannot be sufficiently achieved by the Member States and can therefore, by reason of the scale of the action, be better achieved at Union level, the Union may adopt this Regulation, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.
The Commission calls on the Council and European Parliament to adopt today's proposed regulations by the end of 2012, together with the other three components of an integrated"banking union"- the single rulebook in the form of capital requirements(see IP/11/915), harmonized deposit protection schemes(see IP/10/918),and a single European recovery and resolution framework(see IP/12/570).
Since the objective of this Directive,namely to lay down uniform rules on the recovery and resolution framework for institutions and entities, cannot be sufficiently achieved by the Member States and can therefore, by reason of the scale of the action, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.
The Commission considers that this resolution framework, coupled with the preventative powers aimed at simplifying legal and business structures in cases where a firm would otherwise be un-resolvable, will ensure that resolution authorities can manage the failure of all institutions covered by the framework, irrespective of their size and interconnectedness, without jeopardising financial stability.