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欧州委員会は、銀行破綻の責任は、債権者と株主がかぶり、公的資金(国民の税金)の投入という国民の責任になすりつけるなと
提案
Bruselas plantea que acreedores y accionistas costeen quiebras bancarias
La Comisión presenta su plan para reformar el sistema financiero
La porpuesta limitará la factura pública en futuras crisis y "hará al sector más responsable"
Barroso destaca que "la propuesta es un paso esencial hacia la unión bancaria en la UE"
Luis Doncel Bruselas6 JUN 2012 - 01:16 CET
Brussels argues that creditors and shareholders costeen bank failures
The Commission presents its plan to reform the financial system
The bill will limit the public porpuesta in future crises and "make the sector more responsible"
Barroso stressed that "the proposal is an essential step towards union bank in the EU"
Luis Doncel Brussels 6 JUN 2012 - 01:16 CET
The Commission presents its plan to reform the financial system
The bill will limit the public porpuesta in future crises and "make the sector more responsible"
Barroso stressed that "the proposal is an essential step towards union bank in the EU"
Luis Doncel Brussels 6 JUN 2012 - 01:16 CET
"Banks are global when living, and national when they die." This sentence of the Bank of England governor, Mervyn King, summarizes the turbulence of an industry that since the crisis began has forced European governments to pledge 4.5 billion euros (between direct disbursements and state guarantees). The proposal that the European Commission presented on Wednesday is to end this paradox.
The Brussels initiative, which includes recommendations agreed by the G-20 in 2009, seeks to ensure that financial crises do not pay the citizens, but the institutions themselves. But even succeed, the initiative will do nothing to solve the huge mess that the banks have gone to Europe, but to prevent future problems. However, the European Commission President Jose Manuel Durao Barroso, highlighted by a statement that "the proposal is an essential step towards joining the EU banking sector and make more responsible banking."
In the same vein, Barnier himself acknowledged at the presentation to the media in Brussels that the proposal "does not solve the current crisis," but it will be useful to prevent the recurrence of problems like the chaos caused by the failure of Lehman Brothers in 2008.
The Commission calls for a network of national intervention funds
It hopes to agree the Council and the European Parliament for the new regulatory framework comes into force during the first half of next year. The proposal provides an approach to the European banking union, but avoid creating a common fund for all Member States to rescue the institutions on the brink of bankruptcy.
Instead, each Member State will have its own piggy bank fueled by the financial sector. But the rule states the requirement that if a country needs help, others will have to help him through loans from national funds. These funds must be covered in advance with 1% of bank deposits protected.
Why regulators have not prevented the current crisis and will do so in the future? "Now nobody has some authorities as powerful as contemplated by this proposal. Each country may organize their regulators, but will be required to separate the work of supervision and intervention, "EU sources say. The goal is to not happen again that a body cover their misdiagnosis and delay intervention.
The European initiative includes the following steps:
Prevention. The whole plan is based on the principle that prevention is always preferable to act when the bomb has exploded. So when the authorities detect the deteriorating financial situation of an entity may take measures such as restricting business or change of legal or operating the bank. "It is cheaper than cure," Barnier stressed.
Early intervention. At this stage it is the solvency of the entity is at stake. The regulator has strengthened rights including convening shareholders to propose a rescue plan, require the institution to design a plan to restructure the debt or appoint new managers.
Rescue. When the bank in question is close to insolvency and the public interest is at stake, the State will have four main tools: Impose the sale of all or part of the business, create a bridge bank (a public entity to which the business is transferred ), bind to separate the assets and create a bad bank, and finally impose on creditors a debt reduction or loss to shareholders.
This instrument is not intended to recapitalize banks inefficient, but to maintain the normal activity of the institution. It comes at a time when more aggressive phase of the process. For it is decreed that the regulator must show that he is no possibility that the institution is solvent and is essential to preserve financial stability.
Shareholders and creditors can claim only when the process has completed. And shall be entitled to compensation if a judge orders that the damage was greater than would have suffered if the entity was insolvent.
The Brussels initiative, which includes recommendations agreed by the G-20 in 2009, seeks to ensure that financial crises do not pay the citizens, but the institutions themselves. But even succeed, the initiative will do nothing to solve the huge mess that the banks have gone to Europe, but to prevent future problems. However, the European Commission President Jose Manuel Durao Barroso, highlighted by a statement that "the proposal is an essential step towards joining the EU banking sector and make more responsible banking."
In the same vein, Barnier himself acknowledged at the presentation to the media in Brussels that the proposal "does not solve the current crisis," but it will be useful to prevent the recurrence of problems like the chaos caused by the failure of Lehman Brothers in 2008.
The Commission calls for a network of national intervention funds
It hopes to agree the Council and the European Parliament for the new regulatory framework comes into force during the first half of next year. The proposal provides an approach to the European banking union, but avoid creating a common fund for all Member States to rescue the institutions on the brink of bankruptcy.
Instead, each Member State will have its own piggy bank fueled by the financial sector. But the rule states the requirement that if a country needs help, others will have to help him through loans from national funds. These funds must be covered in advance with 1% of bank deposits protected.
Why regulators have not prevented the current crisis and will do so in the future? "Now nobody has some authorities as powerful as contemplated by this proposal. Each country may organize their regulators, but will be required to separate the work of supervision and intervention, "EU sources say. The goal is to not happen again that a body cover their misdiagnosis and delay intervention.
The European initiative includes the following steps:
Prevention. The whole plan is based on the principle that prevention is always preferable to act when the bomb has exploded. So when the authorities detect the deteriorating financial situation of an entity may take measures such as restricting business or change of legal or operating the bank. "It is cheaper than cure," Barnier stressed.
Early intervention. At this stage it is the solvency of the entity is at stake. The regulator has strengthened rights including convening shareholders to propose a rescue plan, require the institution to design a plan to restructure the debt or appoint new managers.
Rescue. When the bank in question is close to insolvency and the public interest is at stake, the State will have four main tools: Impose the sale of all or part of the business, create a bridge bank (a public entity to which the business is transferred ), bind to separate the assets and create a bad bank, and finally impose on creditors a debt reduction or loss to shareholders.
This instrument is not intended to recapitalize banks inefficient, but to maintain the normal activity of the institution. It comes at a time when more aggressive phase of the process. For it is decreed that the regulator must show that he is no possibility that the institution is solvent and is essential to preserve financial stability.
Shareholders and creditors can claim only when the process has completed. And shall be entitled to compensation if a judge orders that the damage was greater than would have suffered if the entity was insolvent.
欧州委員会は、銀行破綻の責任は、債権者と株主がかぶり、公的資金(国民の税金)の投入という国民の責任になすりつけるなと
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