Traduction de «Renflouer un fonds » (Français → Anglais) :

In the areas of its competence, the Authority should contribute to, and participate actively in the development and coordination of effective and consistent recovery and resolution plans, procedures in emergency situations and preventive measures to ensure the internalisation of costs by the financial system, in order to minimise the systemic impact of any failure and the reliance on taxpayer funds to bail out financial market participants. It should contribute to developing methods for the resolution of failing key financial market participants in ways which avoid contagion, which allow them to be wound down in an orderly and timely man ...[+++]ner, and which, where applicable, include coherent and credible funding mechanisms as appropriate.

Convergence in the fields of crisis prevention, management and resolution, including funding mechanisms, is necessary in order to ensure the internalisation of costs by the financial system and the ability of public authorities to resolve failing financial institutions whilst minimising the impact of failures on the financial system, reliance on taxpayer funds to bail out banks and the use of public sector resources, limiting damage to the economy, and coordinating the application of national resolution measures.

In the areas of its competence, the Authority should contribute to, and participate actively in the development and coordination of effective and consistent recovery and resolution plans, procedures in emergency situations and preventive measures to ensure the internalisation of costs by the financial system, in order to minimise the systemic impact of any failure and the reliance on taxpayer funds to bail out financial market participants. It should contribute to developing methods for the resolution of failing key financial market participants in ways which avoid contagion, which allow them to be wound down in an orderly and timely man ...[+++]ner, and which, where applicable, include coherent and credible funding mechanisms as appropriate.

Thus, two distinct kinds of government financial business emerged: the business of Supply, which approved expenditures and their purposes, and resulted in the passing of appropriation bills; and the business of Ways and Means, which resulted in the taxation bills used to raise the monies needed to replenish the Consolidated Fund.

However, the government included a clause telling these companies that they had an obligation to keep the pension plan afloat—the auto sector pension plan is generous—and that is what they did.

Mr. Joe McGuire: But there have been a lot of years where the fund has been in deficit, where the consolidated revenue fund actually paid the shortcomings of the unemployment insurance.