Examples of using Prudential framework in English and their translations into Slovenian
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The second challenge faced by banks is the stricter regulatory and prudential framework imposed on the sector following the crisis.
(2) Strengthen further the prudential framework for supervision of banks and cooperative credit societies to ensure early detection of risks.
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 current EU prudential framework should be kept under constant review and adapted to market and financial developments.
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.
USITs, have held up. Our prudential framework and bank risk controls have, as we expected, prevented hedge fund failures from triggering wider systemic disruption.
In view of these considerations, there seems to be a mismatch under the proposeddirective between the scope of activities of payment institutions and the prudential framework within which such activities are to be carried out.
The existing prudential framework requires supervisors to assess and decide whether banks' provisions are adequate and timely from a prudential perspective.
Second, assuming thatthe investment firm review would result in a tailor-made prudential framework for commodity dealers, they would be deprived of a stable regulatory framework. .
Moreover this revised prudential framework will promote further integration of EU financial markets and help diversify funding sources and unlock capital for EU businesses.
The Basel Committee on Banking Supervision(BCBS)has put forward proposals for refining the prudential framework for banks addressing credit and operational risk(finalisation of Basel III, the so-called‘Basel IV').
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.
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.
Among other things, the existing prudential framework requires supervisors to assess and decide whether banks' provisions are adequate and timely from a prudential perspective.
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.
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.
It is essential to ensure that rules are adopted to better differentiate simple, transparent and standardisedproducts from complex, opaque and risky instruments and apply a more risk-sensitive prudential framework.
(3) To further strengthen the existing prudential framework and risk management in the financial sector, the Commission finalised its consultation on the proposed changes to the Capital Requirements Directive(CRD) just last week.
The risks faced and posed by most 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.
Should the Commission decide to change the existing prudential framework for investment firms, the report will detail the next steps of the investment firms review and the broad outline of the changes the Commission is contemplating.
It was deemed essential to ensure that rules are adopted to better differentiate simple, transparent and standardised productsfrom complex, opaque and risky instruments and to apply a more risk-sensitive prudential framework.
Given that the existing prudential framework does not address all the risks faced and posed by some types of investment firms, large capital add- ons have been applied to certain investment firms in some Member States.
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.
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.
The directive aims to provide the market witha clear and balanced legal and prudential framework, removing unnecessary, disproportionate or excessive barriers to market entry and making the business of issuing electronic money more attractive.
To strengthen further the existing prudential framework and risk management in the financial sector, the Commission will propose a revision of the Capital Requirements Directive in September 2008 for adoption by April 2009 at the latest as supported by the European Council.
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.