Traduction de «Analyste des systèmes financiers » (Français → Anglais) :

10. Urges the Council to reopen negotiations on DGS, a matter of crucial importance and direct interest to the citizens of the European Union, as well as for trust in, and the stability of, the financial system; notes that the necessity for rapid adoption of that proposal has recently been confirmed by the Cypriot crisis; recalls that a single European deposit guarantee fund with functioning deposit guarantee schemes backed by appropriate levels of funding, which therefore enhance credibility and investor confidence, could be the long-term goal once an effective resolution framework and an effective single supervis ...[+++]ory mechanism are working; emphasises their significance for the proper setting–up of the Banking Union and for the achievement of the overall objective of stable financial markets; considers that the DGS proposal should be adopted in parallel with the Directive establishing a framework for the recovery and resolution of credit institutions and investment firms;

The key criteria helping to identify the systemic importance of markets and institutions are size (the volume of financial services provided by the individual component of the financial system), substitutability (the extent to which other components of the system can provide the same services in the event of failure) and interconnectedness (linkages with other components of the system).

1. The ESRB shall be responsible for the macro-prudential oversight of the financial system within the Union in order to contribute to the prevention or mitigation of systemic risks to financial stability in the Union that arise from developments within the financial system and taking into account macro-economic developments , so as to avoid periods of widespread financial distress, and contribute to a smooth functioning of the internal market and thereby ensure a sustainable contribution of the financial sector to economic growth.

The key criteria helping to identify the systemic importance of markets and institutions are size (the volume of financial services provided by the individual component of the financial system), substitutability (the extent to which other components of the system can provide the same services in the event of a failure) and interconnectedness (linkages with other components of the system).

8. Welcomes the agreement by the G20 leaders that major failures in the financial sector and in financial regulation and supervision were fundamental causes of the crisis; criticises, however, the summit's failure to address the need for stabilisation of banks and the financial system in order to get the credit system working again; points out the urgent need to build a stronger and more globally consistent supervisory and regulatory framework for the future financial sector, which will support global sustainable development; underlines that the summit should also have agreed to establish much greater systematic cooperation between co ...[+++]untries to regulate finance; stresses that the financial sector must accept lower returns and agree to bonus payment systems geared to risk aversion and long-term targets instead of short-term profits;

It focuses on five areas: financial reporting, statutory audit, corporate governance, transparency in the international financial system, financial analysts and credit rating agencies.