Translation of "Aufsichtsrechtliche bestimmungen" in English

Once again, the Group of the Party of European Socialists are not opposing the second and third pillar pension funds. We do, however, think that we need to act very prudently and that very strict prudential requirements are necessary.

On one hand, regulations must apply to all firms performing banking functions, including new fintech institutions.

The Committee supports the view that a flexible approach should be taken to investment rules provided that these are counterbalanced by effective prudential rules so as to control risk, and that regular and independent actuarial assessments of liabilities are carried out.

He added that FINMA had carried out two investigations of HSBC and had ascertained that the bank had violated regulatory provisions.

Any product with a UL or other applicable standard or global regulatory requirement(s), as well as any product in the global supply chain.

Competition, growing regulatory pressure, and heightened risks from external forces have never been greater.

To help our customers address regulatory requirements, we identify human factors engineering activities that may be considered essential versus elective, and how they can be integrated into existing product development processes.

The current prudential rules in France do not constitute an obstacle to risk capital.

In case of serious violations of supervisory provisions or serious irregularities, the auditing entity notifies FINMA directly.

Under the supervisory rules, a commercial bank engaged in lending must be covered against credit risks.

According to regulatory provisions, no more than two former Allianz SE Management Board members shall be members of the Supervisory Board.

I must stress that the prudential supervision rules currently in force in some Member States are too disproportionate to guarantee the security of funds and they prevent fund managers from determining the best capital investment strategy.

If the auditing entity detects a violation of the supervisory provisions or other irregularities, it will give the CCP concerned a period to restore compliance and informs FINMA if compliance is not restored.

In such a way a special license or registration for “payment-services-only” could be created without the same level of prudential rules as required by the Credit Institution Directive or the E-money Directive, as there is no evidence that the simple payment transmission activity would require such extensive prudential regulation.

The Section is concerned that the provisions of Chapter IV will result in re-regulation of areas covered by class licences or of areas which are not covered by any form of licensing under national regulatory regimes.

Part of the prudential rules pertaining to commercial banks is not applied to MFB, as it is subject to special prudential rules under the MFB Act.

In particular, the bank should be able to generate an appropriate return on equity, while covering all costs of its normal operations and complying with the relevant regulatory requirements.

Therefore, the restructured bank will be able to compete in the market place on its own merits in compliance with the relevant regulatory requirements and its viability will not be endangered even in a significantly changing environment.

More specifically, it was not clear how and when Parex banka would re-establish compliance with relevant regulatory requirements.

They include in particular responsibility for compliance with those regulatory requirements which have to be respected collectively (for instance solvability, liquidity, internal capital adequacy process for the "Verbund", internal audit).

According to the sensitivity analysis provided by the bank, if the adverse development in ÖVAG’s non-core segment were to materialise, the associated Volksbanken would have sufficient own funds to allow ÖVAG to redeem the State PS while still complying with the regulatory requirements.