Traduction de «Produits dérivés sur écarts de rémunération » (Français → Anglais) :

Global imbalances, lax financial regulation, a loose monetary policy in the USA, the complexity and opacity of financial products together with wrong risk-incentives and short-term featured remuneration systems, conflict of interests of Credit Rating Agencies, unregulated derivatives, social inequalities and environment-hostile behaviours were among the main causes of the financial crisis.

13. Urges, with a view to the upcoming G20 meeting, the progressive setting-up of a multilateral financial supervision and regulation system; asks the Council to defend a common position on the closure of tax havens and strict control of remuneration schemes as priorities to restore financial stability; recalls the need for reform of the governance of the Bretton Woods Institutions in order to modify voting rights and set up a double majority scheme of member states and capital share; ask for the redefinition of the debt sustainability framework of international financial institutions, the setting-up of a multilateral debt work-out me ...[+++]chanism and a responsible lending framework; calls for the strict regulation of over-the-counter derivative transactions; emphasises the need to strengthen and expand prudential rules beyond the Bale II framework in order to increase substantially banks' compulsory reserve requirements and limit securitisation; asks for multilateral stringent disclosure, capital and debt requirements for hedge funds and private equity;

As a matter of good practice, management companies should apply those requirements to instruments which expose UCITS to valuation risks equivalent to those raised by OTC derivatives, such as those relating to product illiquidity and/or the complexity of the pay-off structure.

For this purpose, they shall encourage the voluntary unpaid donation of blood and plasma and shall take the necessary measures to develop the production and use of products derived from human blood or human plasma coming from voluntary unpaid donations.

BLOOD SAFETY AND SELF-SUFFICIENCY - COUNCIL RESOLUTION "THE COUNCIL OF THE EUROPEAN UNION, RECALLING the Commission communication of 25 May 1993 on blood self- sufficiency in the European Community and its conclusions of 13 December 1993 on that communication; NOTES with interest the Commission communication of 21 December 1994 on blood safety and self-sufficiency in the European Community; REAFFIRMS the need to achieve self-sufficiency in blood and its derivatives in the Member States and in the Community, in particular through cooperation between Member States, in accordance with the principle of voluntary, unpaid blood donations; E ...[+++]MPHASIZES that the efforts to promote the quality and safety of blood collection help to prevent AIDS and other communicable diseases; RECALLS that Directive 89/381/EEC [1] which extends the scope of Directives 65/65/EEC and 75/319/EEC on proprietary medicinal products by laying down special provisions regarding medicines derived from human blood or plasma applies only to these products; AGREES on the need to define a strategy for reinforcing trust in the safety of the blood-transfusion chain and promoting self-sufficiency in the Community; ACCORDINGLY AGREES that, taking full account of the Council of Europe's discussions, the main activities to be undertaken could include: - the development of policies and agreed procedures in the donor-selection process among blood-collection establishments; - the implementation of efficient, validated and reliable screening tests; - the development and use of quality-assessment criteria and good practices regarding the collection, processing and transfusion of blood and blood products and patient follow-up procedures; - development of a haemovigilance system on the basis of existing networks for the collection of epidemiological data related to the blood- transfusion chain; - encouragement of health professionals to make optimal use of blood and blood products; - the establishment of basi ...

SELF-SUFFICIENCY IN BLOOD IN THE EUROPEAN COMMUNITY The Council adopted the following conclusions on self-sufficiency in blood in the European Community: "THE COUNCIL OF THE EUROPEAN UNION, Having regard to Directive 89/381/EEC (3) which provides in particular for special provisions for medicinal products derived from human blood or human plasma, Taking into account the European Parliament Resolution on self- sufficiency in, and safety of, blood and its derivatives in the European Community, Taking into account work carried out by the Council of Europe, APPRECIATES the Commission communication ...[+++] on blood self-sufficiency in the Community; WELCOMES the recommendations made in that communication; REAFFIRMS the need to achieve self-sufficiency in blood and its derivatives in the Member States and the Community, in particular through co-operation between Member States, in accordance with the principle of voluntary, unpaid blood donations; AGREES on the need periodically to update, where appropriate in liaison with the Council of Europe, the studies carried out by the Community regarding blood donations and the availability and use of blood and its derivatives, and on the need to examine the possible consequences for self-sufficiency in blood and derived products in the Community of the emergence of substitute medicinal products; (3) OJ L 181, 28.6.1989, p. 44. AGREES to promote Community support for measures in the Member States, in particular those undertaken by national donor organizations, in order to improve information on the usefulness and importance of donations with a view to increasing the availability of blood and products derived from blood; AGREES to encourage efforts in the Member States in the training and informing of medical staff, for example through Community support for the publication of good-practice guides in order to ensure optimum use of blood and its derivatives; AGREES to continue to promote the quality and safety of blood collection and of ...