Traduction de «Protocole entre entités de même rang » (Français → Anglais) :

2. When applying the write down and conversion powers in compliance with points (c), (d) and (da) of paragraph 1, resolution authorities shall allocate the losses represented by the aggregate amount equally between liabilities of the same rank by reducing the principal amount of, or outstanding amount payable in respect of, those liabilities to the same extent pro rata to their value, except where a different allocation of losses amongst liabilities of the same rank is necessary to preserve financial stability, or to minimise aggregate losses for the benefit of investors and society as a whole.

(49) In general, resolution authorities should apply the bail-in tool in a way that respects the hierarchy of claims established in this Directive, except where a different allocation of losses amongst liabilities of the same rank is necessary to preserve financial stability, or to minimise aggregate losses for the benefit of investors and society as a whole and is coherent with the statutory ranking of claims under the applicable insolvency law.

The calculation of contributions at individual level would lead, in case of groups, to the double counting of certain liabilities when determining the basic annual contribution of the different group entities, since the liabilities related to the agreements that the entities of the same group conclude with each other would be, part of the total liabilities to be considered to determine the basic annual contribution of each entity of the group.

Such groups (financial conglomerates), are exposed to risks (group risks) which include: the risks of contagion, where risks spread from one end of the group to another; risk concentration, where the same type of risk materialises in various parts of the group at the same time; the complexity of managing many different legal entities; potential conflicts of interest; and the challenge of allocating regulatory capital to all the regulated entities which are part of the financial conglomerate, thereby avoiding the multiple use of capital.

43. Recalls the successful co-operation between the United Nations and the European Union concerning the rescue operations and relief work delivered in the aftermath of the Tsunami disaster; welcomes the recommendation by the Secretary-General asking the United Nations to build on the successes of regional organisations, in particular by developing strong norms to ensure political stability and to protect the rights of minorities, indigenous peoples and internally displaced persons; welcomes the recommendation to give increased support to Africa and to the African Union; calls for an increased partnership between ...[+++]the United Nations and the European Union, given that the latter is best suited to coordinate with other countries or regional entities the effective implementation of global policies, including those concerning the International Criminal Court, the Kyoto Protocol and the International Ban on Landmines;

40. Recalls the successful co-operation between the United Nations and the European Union concerning the rescue operations and relief work delivered in the aftermath of the Tsunami disaster; welcomes the recommendation by the Secretary-General asking the United Nations to build on the successes of regional organisations, in particular in developing strong norms to ensure political stability and to protect the rights of minorities, indigenous peoples and internally displaced persons; welcomes the recommendation to give increased support to Africa and to the African Union; calls for an increased partnership between ...[+++]the United Nations and the European Union, given that the latter is best suited to coordinate with other countries or regional entities the effective implementation of global policies, including the International Criminal Court, the Kyoto Protocol and the International Ban on Landmines;