Traduction de «fonds recourant au levier » (Français → Anglais) :

more risk-sensitive capital requirements, in particular in the area of market risk, counterparty credit risk, and exposures to central counterparties (CCPs); a binding Leverage Ratio (LR) to prevent institutions from building up excessive leverage; a binding Net Stable Funding Ratio (NSFR) to address banks' excessive reliance on short-term wholesale funding and to reduce long-term funding risk; a requirement for Global Systemically Important Institutions (G-SIIs) to hold minimum levels of capital and other instruments which bear losses in resolution.

The shadow banking system is defined as ‘a system of credit intermediation that involves entities and activities outside the regular banking system’ (7) composed of two inter-related groups. The first includes entities that are involved mainly in activities such as raising funding with deposit-like characteristics, transforming maturity and/or liquidity, transferring credit risk and using direct or indirect financial leverage. The second includes activities including securitisation, securities lending and repurchase transactions (repos) that are an important potential source of finance for financial non-banking entities.

Opt-outs for smaller funds. EU countries may choose not to apply the directive to smaller AIFMs, i.e. funds with managed assets below €100 million if they use leverage and with assets below €500 million if they do not.

A leveraged exchange-traded fund shall be adjusted by the relevant leverage ratio to reflect a 10 % fall in the price of an equivalent unleveraged direct exchange-traded fund.

Opt-outs for smaller funds. EU countries may choose not to apply the directive to smaller AIFMs, i.e. funds with managed assets below €100 million if they use leverage and with assets below €500 million if they do not.

(11) Whereas, while the principle of a high level of assistance is retained, the search for other sources of finance, in particular the beneficiary Member States effort to maximise the leverage of Fund resources by encouraging greater use of private sources of funding should be supported by the Commission; whereas the rates of assistance should be varied to improve the leverage of Fund resources and to take better account of the rate of return on projects; whereas application of the polluter-pays principle laid down in Article 174 o ...[+++]f the Treaty must be complied with in operations financed by the Fund;