Traduction de «En situation à risque » (Français → Anglais) :

Hon. Julian Fantino (Minister of International Cooperation, CPC): Mr. Speaker, with regard to (a), mitigation actions and measures taken to protect the interests of the Crown when an organization in receipt of the Canadian International Development Agency, CIDA, funding is under legal protection from creditors include conducting an internal, or contracting an external, review and assessment of potential program, legal, fiduciary and political/reputational risks that may arise; alerting the recipient country ministry or partner instit ...[+++]ution of potential project impacts; reviewing the contractual and performance terms and conditions of the agreement or agreements signed; based on the assessment and severity of the financial situation, developing a risk mitigation and monitoring plan, usually in consultation with the organization or service provider and their lenders, as well as the recipient country ministry or partner institution, if required; obtaining financial statements, forecasts and operational plans from the organization or service provider to closely monitor and track progress in addressing the situation and returning to normal business operations; ensuring that all advance payments are secured by means of irrevocable bank guarantees issued by acceptable financial institutions and that any financial performance guarantees are enforceable, in case of need; and not entering into any new agreements until such time as the organization or service provider has demonstrated their financial capacity, returned to normal business operations and is no longer under the protection of the courts.

46. Considers that threat assessments must be complemented with risk assessments analysing threats in the light of existing vulnerabilities and thus identifying the most pressing capability gaps to be addressed; recalls that within the implementation of the Internal Security Strategy, the EU should establish by 2014 a coherent risk management policy linking threat and risk assessments to decision-making; recalls also that by the end of 2012 the Commission should prepare, on the basis of national risk analyses, a cross-sectoral overview of the major natural and man-made risks that the EU may face in the future; encourages the Member St ...[+++]ates to share their national risk assessments and risk management plans, to enable a joint appraisal to be made of the situation;

Question No. 226 Hon. Roy Cullen: With regard to collateralized debt obligations (CDO’s) and the sub-prime mortgage credit crisis in the North American financial sector: (a) in 2007, was the Office of the Superintendent of Financial Institutions (OSFI) aware of the exposure of financial institutions in Canada to CDO’s, and specifically sub-prime mortgages; (b) when it became aware of the exposure of Canadian banks to sub-prime mortgages, how did OSFI evaluate the risk of these CDO’s in the context of the solvency, liquidity and stability of Canada’s financial institutions; (c) did OSFI undertake any sensitivity analysis to assess the i ...[+++]mpact of factors such as interest rate changes, economic slowdown or job losses and property market declines on the viability of sub-prime mortgages; (d) were CDO’s adequately secured or insured by Canada’s chartered banks, and were these CDO instruments appropriately rated by the rating agencies; (e) given the recent losses or write downs by chartered Canadian banks, what action is the OSFI taking to safeguard Canada’s financial sector, its depositors and shareholders; and (f) what steps is the Minister of Finance taking to address this issue, and to ensure that this type of situation does not occur again?

1. Member States shall require the institutions and persons covered by this Directive to apply, on a risk-sensitive basis, enhanced customer due diligence measures, in addition to the measures referred to in Articles 7, 8 and 9(6) , in situations which by their nature may present a higher risk of money laundering or terrorist financing , and at least in the following situations in accordance with paragraphs 2, 3 and 4 and in respect of other situations representing a high risk of money laundering or terrorist financing which meet the ...[+++]technical criteria established in accordance with Article 40(1)(c).

1. Member States shall require the institutions and persons covered by this Directive to apply, on a risk-sensitive basis, enhanced customer due diligence measures, in addition to the measures referred to in Articles 6, 7 and 8(3), in situations which by their nature can present a higher risk of money laundering or terrorist financing, and at least in the following situations in accordance with paragraphs 1a, 1b and 1c and in respect of other situations representing a high risk of money laundering or terrorist financing.

To strike a balance between the urgency of the situation and the risks which such intervention could pose for operation of the internal market, the Ministers of Financial Affairs laid down a set of criteria (measures must be restricted to the immediate situation of higher premiums and must be in proportion to the risks incurred) and, above all, set a time limit of one month for such intervention, during which a lasting solution will have to be found.