Traduction de «dérive de type polynominal » (Français → Anglais) :

Mr. Thorlakson: Again, I would say that in relation to derivatives, there's more of an explicit focus on derivatives as being a type of transaction, but that is not to say that that didn't occur previously, that the types of risks that were present in derivatives have always been managed and subject to regulatory oversight and to an institution's own governance framework.

By way of derogation from Article 1, Finland, Sweden and Latvia may authorise the placing on their market of wild caught salmon (Salmo salar) and products thereof originating in the Baltic region and intended for consumption in their territory with levels of dioxins and/or dioxin-like PCBs and/or non-dioxin-like PCBs higher than those set out in point 5.3 of the Annex, provided that a system is in place to ensure that consumers are fully informed of the dietary recommendations with regard to the restrictions on the consumption of wild caught salmon from the Baltic region and products thereof by identified vulnerable sections of the population in order to avoid potential health ri ...[+++]sks.

By way of derogation from Article 1, Finland and Sweden may authorise the placing on their market of wild caught herring larger than 17 cm (Clupea harengus), wild caught char (Salvelinus spp.), wild caught river lamprey (Lampetra fluviatilis) and wild caught trout (Salmo trutta) and products thereof originating in the Baltic region and intended for consumption in their territory with levels of dioxins and/or dioxin-like PCBs and/or non dioxin-like PCBs higher than those set out in point 5.3 of the Annex, provided that a system is in place to ensure that consumers are fully informed of the dietary recommendations with regard to the restrictions on the consumption of wild caught herring larger than 17 cm, wild caught char, wild caught river l ...[+++]amprey and wild caught trout from the Baltic region and products thereof by identified vulnerable sections of the population in order to avoid potential health risks.

5. By way of derogation from Article 1, Finland and Sweden may authorise the placing on their market of wild caught herring larger than 17 cm (Clupea harengus), wild caught char (Salvelinus spp.), wild caught river lamprey (Lampetra fluviatilis) and wild caught trout (Salmo trutta) and products thereof originating in the Baltic region and intended for consumption in their territory with levels of dioxins and/or dioxin-like PCBs and/or non dioxin-like PCBs higher than those set out in point 5.3 of the Annex, provided that a system is in place to ensure that consumers are fully informed of the dietary recommendations with regard to the restrictions on the consumption of wild caught herring larger than 17 cm, wild caught char, wild caught rive ...[+++]r lamprey and wild caught trout from the Baltic region and products thereof by identified vulnerable sections of the population in order to avoid potential health risks.

4. By way of derogation from Article 1, Finland, Sweden and Latvia may authorise the placing on their market of wild caught salmon (Salmo salar) and products thereof originating in the Baltic region and intended for consumption in their territory with levels of dioxins and/or dioxin-like PCBs and/or non-dioxin-like PCBs higher than those set out in point 5.3 of the Annex, provided that a system is in place to ensure that consumers are fully informed of the dietary recommendations with regard to the restrictions on the consumption of wild caught salmon from the Baltic region and products thereof by identified vulnerable sections of the population in order to avoid potential health ri ...[+++]sks.

Concerning credit risks of OTC derivative instruments, the proposal would complement the "contractual netting" Directive (see IP/96/172), which came into force in April 1996, in three ways: * firstly, by extending the scope of the Solvency Ratio Directive's compulsory capital coverage for credit risks to all types of OTC derivatives (including notably commodity and equity-related derivatives as well as interest-rate- and foreign exchange-related derivatives) * secondly, by requiring calculation of capital charges for current credit exposure of OTC derivatives on the basis of more realistic market-values for most of banks' and investment ...[+++]firms' derivatives business and * thirdly by enabling supervisory authorities to allow for a refined calculation of capital charges appropriately reflecting the risk reducing effects of close-out netting on the potential future exposure of netted OTC derivatives (the existing rules allow current exposure to be taken into account). Together, these amendments would ensure a comprehensive and balanced regulation for capital requirements for credit risks inherent in OTC derivatives.