resolució d’entitats bancàries

English translation: resolution regimes for/resolution of financial institutions

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Catalan term or phrase:resolució d’entitats bancàries
English translation:resolution regimes for/resolution of financial institutions
Entered by: Comunican

10:14 Aug 22, 2018
Catalan to English translations [PRO]
Bus/Financial - Finance (general) / banking regulations
Catalan term or phrase: resolució d’entitats bancàries
"vist l’informe de l’Institut Nacional Andorrà de Finances (INAF), del 24 d’abril del 2015, en el que determina que l’entitat Banca Privada d’Andorra, SA (BPA) és inviable i a més no hi ha perspectives raonables de que mesures procedents del sector privat puguin ser capaces de revertir la no viabilitat de l’entitat dins d’un període de temps raonable, i d’acord amb els articles 11, 12, 13 i 14 de la Llei 8/2015, del 2 d’abril, de mesures urgents per implantar mecanismes de reestructuració i resolució d’entitats bancàries, el Consell d’Administració de l’Agència Estatal de Resolució d’Entitats Bancàries (AREB), en la sessió del 27 d’abril del 2015, ha acordat…"

I'm not convinced that "Resolution" is an accurate enough translation - does anyone know, please?
Thanks
Comunican
United Kingdom
Local time: 01:21
resolution regimes for/resolution of financial institutions
Explanation:
I. Introduction

1. Financial Stability Board

As a reaction to the financial crisis beginning in 2007, there have been calls in many countries from politicians and the private sector to create adequate tools to deal effectively with failing credit institutions. As a result, in 2009 the G20 established the Financial Stability Board (the «FSB») as the successor to the Financial Stability Forum. The FSB aims to promote global financial stability
by coordinating the development of regulatory, supervisory and other financial sector policies and conducting outreach to non-member countries.1 In October 2011, the FSB published the Key Attributes of Effective Resolution Regimes for Financial Institutions (as amended, the «Key Attributes»)2 which provides an international standard for resolution regimes. The Key Attributes specify twelve essential features of a resolution regime which allow the orderly resolution of financial institutions by the competent authorities.3 One of the twelve essential features sets forth the resolution powers which authorities should have at their disposal to deal with a financial institution that is no longer viable or likely to
cease being viable, but not yet insolvent.4

www.burckhardtlaw.com/pdf/187.pdf

Foreword
The Key Attributes of Effective Resolution Regimes for Financial Institutions (the ‘Key Attributes’ KA) set out the core elements that the FSB considers to be necessary for an effective resolution regime. Their implementation should allow authorities to resolve financial institutions in an orderly manner without taxpayer exposure to loss from solvency support, while maintaining continuity of their vital economic functions.
The FSB adopted the ‘Key Attributes’ at its Plenary meeting in October 2011. The G20 Heads of States and Government subsequently endorsed the ‘Key Attributes’ at the Cannes Summit in November 2011 as “a new international standards for resolution regimes”.1
The Key Attributes set out twelve essential features that should be part of the resolution regimes of all jurisdictions. They relate to:

http://www.fsb.org/wp-content/uploads/r_141015.pdf

Preamble
The objective of an effective resolution regime is to make feasible the resolution of financial institutions without severe systemic disruption and without exposing taxpayers to loss, while protecting vital economic functions through mechanisms which make it possible for shareholders and unsecured and uninsured creditors to absorb losses in a manner that respects the hierarchy of claims in liquidation.

http://www.fsb.org/what-we-do/policy-development/effective-r...

This is what I would use.

--------------------------------------------------
Note added at 5 hrs (2018-08-22 15:44:32 GMT)
--------------------------------------------------

La normativa sobre reestructuración y resolución bancarias a escala de la UE (la Directiva sobre reestructuración y resolución bancarias) regula la prevención de crisis bancarias y garantiza la resolución ordenada de los bancos en quiebra al tiempo que minimiza sus repercusiones sobre la economía real y las finanzas públicas. Por lo tanto, la Directiva constituye una de las piedras angulares del código normativo único.

http://www.consilium.europa.eu/es/policies/banking-union/sin...

DIRECTIVA 2014/59/UE DEL PARLAMENTO EUROPEO Y DEL CONSEJO

de 15 de mayo de 2014

por la que se establece un marco para la reestructuración y la resolución de entidades de crédito y empresas de servicios de inversión, y por la que se modifican la Directiva 82/891/CEE del Consejo, y las Directivas 2001/24/CE, 2002/47/CE, 2004/25/CE, 2005/56/CE, 2007/36/CE, 2011/35/UE, 2012/30/UE y 2013/36/UE, y los Reglamentos (UE) no 1093/2010 y (UE) no 648/2012 del Parlamento Europeo y del Consejo

https://eur-lex.europa.eu/legal-content/ES/TXT/?uri=celex:32...

DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 15 May 2014

establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council

https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CEL...

--------------------------------------------------
Note added at 9 hrs (2018-08-22 19:17:47 GMT)
--------------------------------------------------

Here's another reference:

The international standard for resolution regimes for banks and other financial institutions, Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes), was developed by the Financial Stability Board (FSB). The Key Attributes are directed at systemically important financial institutions (SIFIs), including both D-SIBs and G-SIBs. They set out 12 essential features that should be part of the resolution regimes of all jurisdictions. These features fall into three broad categories:

https://www.bis.org/fsi/fsisummaries/brf.pdf

I like your reference from the Bank of England ;-)

--------------------------------------------------
Note added at 9 hrs (2018-08-22 19:19:49 GMT)
--------------------------------------------------

The Bank of England (the Bank) is responsible for taking action to manage the failure of financial institutions — a process known as ‘resolution’.

https://www.bankofengland.co.uk/-/media/boe/files/news/2017/...
Selected response from:

Helena Chavarria
Spain
Local time: 02:21
Grading comment
Thank you Helena. I would not have imagined that Resolution was right, but clearly it is! Your help (and that of Enrfer) much appreciated.
4 KudoZ points were awarded for this answer



Summary of answers provided
4resolution regimes for/resolution of financial institutions
Helena Chavarria
3Andorran bank crisis agency
Enrique Bjarne Strand Ferrer


  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Andorran bank crisis agency


Explanation:
..is just one suggestion.
The point is that "Resolucio" here is in the meaning of solving a huge problem, namely solving the money laundering problems that infested Andorran banking.


Enrique Bjarne Strand Ferrer
Spain
Local time: 02:21
Specializes in field
Native speaker of: Native in NorwegianNorwegian, Native in SpanishSpanish
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
resolution regimes for/resolution of financial institutions


Explanation:
I. Introduction

1. Financial Stability Board

As a reaction to the financial crisis beginning in 2007, there have been calls in many countries from politicians and the private sector to create adequate tools to deal effectively with failing credit institutions. As a result, in 2009 the G20 established the Financial Stability Board (the «FSB») as the successor to the Financial Stability Forum. The FSB aims to promote global financial stability
by coordinating the development of regulatory, supervisory and other financial sector policies and conducting outreach to non-member countries.1 In October 2011, the FSB published the Key Attributes of Effective Resolution Regimes for Financial Institutions (as amended, the «Key Attributes»)2 which provides an international standard for resolution regimes. The Key Attributes specify twelve essential features of a resolution regime which allow the orderly resolution of financial institutions by the competent authorities.3 One of the twelve essential features sets forth the resolution powers which authorities should have at their disposal to deal with a financial institution that is no longer viable or likely to
cease being viable, but not yet insolvent.4

www.burckhardtlaw.com/pdf/187.pdf

Foreword
The Key Attributes of Effective Resolution Regimes for Financial Institutions (the ‘Key Attributes’ KA) set out the core elements that the FSB considers to be necessary for an effective resolution regime. Their implementation should allow authorities to resolve financial institutions in an orderly manner without taxpayer exposure to loss from solvency support, while maintaining continuity of their vital economic functions.
The FSB adopted the ‘Key Attributes’ at its Plenary meeting in October 2011. The G20 Heads of States and Government subsequently endorsed the ‘Key Attributes’ at the Cannes Summit in November 2011 as “a new international standards for resolution regimes”.1
The Key Attributes set out twelve essential features that should be part of the resolution regimes of all jurisdictions. They relate to:

http://www.fsb.org/wp-content/uploads/r_141015.pdf

Preamble
The objective of an effective resolution regime is to make feasible the resolution of financial institutions without severe systemic disruption and without exposing taxpayers to loss, while protecting vital economic functions through mechanisms which make it possible for shareholders and unsecured and uninsured creditors to absorb losses in a manner that respects the hierarchy of claims in liquidation.

http://www.fsb.org/what-we-do/policy-development/effective-r...

This is what I would use.

--------------------------------------------------
Note added at 5 hrs (2018-08-22 15:44:32 GMT)
--------------------------------------------------

La normativa sobre reestructuración y resolución bancarias a escala de la UE (la Directiva sobre reestructuración y resolución bancarias) regula la prevención de crisis bancarias y garantiza la resolución ordenada de los bancos en quiebra al tiempo que minimiza sus repercusiones sobre la economía real y las finanzas públicas. Por lo tanto, la Directiva constituye una de las piedras angulares del código normativo único.

http://www.consilium.europa.eu/es/policies/banking-union/sin...

DIRECTIVA 2014/59/UE DEL PARLAMENTO EUROPEO Y DEL CONSEJO

de 15 de mayo de 2014

por la que se establece un marco para la reestructuración y la resolución de entidades de crédito y empresas de servicios de inversión, y por la que se modifican la Directiva 82/891/CEE del Consejo, y las Directivas 2001/24/CE, 2002/47/CE, 2004/25/CE, 2005/56/CE, 2007/36/CE, 2011/35/UE, 2012/30/UE y 2013/36/UE, y los Reglamentos (UE) no 1093/2010 y (UE) no 648/2012 del Parlamento Europeo y del Consejo

https://eur-lex.europa.eu/legal-content/ES/TXT/?uri=celex:32...

DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 15 May 2014

establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council

https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CEL...

--------------------------------------------------
Note added at 9 hrs (2018-08-22 19:17:47 GMT)
--------------------------------------------------

Here's another reference:

The international standard for resolution regimes for banks and other financial institutions, Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes), was developed by the Financial Stability Board (FSB). The Key Attributes are directed at systemically important financial institutions (SIFIs), including both D-SIBs and G-SIBs. They set out 12 essential features that should be part of the resolution regimes of all jurisdictions. These features fall into three broad categories:

https://www.bis.org/fsi/fsisummaries/brf.pdf

I like your reference from the Bank of England ;-)

--------------------------------------------------
Note added at 9 hrs (2018-08-22 19:19:49 GMT)
--------------------------------------------------

The Bank of England (the Bank) is responsible for taking action to manage the failure of financial institutions — a process known as ‘resolution’.

https://www.bankofengland.co.uk/-/media/boe/files/news/2017/...

Helena Chavarria
Spain
Local time: 02:21
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thank you Helena. I would not have imagined that Resolution was right, but clearly it is! Your help (and that of Enrfer) much appreciated.
Notes to answerer
Asker: Thanks Helena. Although I am always wary of the so-called English that is used in EU texts like some of those you've listed above, the FSB link is more reassuring - though I see it is quite Europe oriented, being based in Switzerland and could therefore be prone to that unnatural EU style.... I'm always loathe to propagate EU terms that seem so unnatural to us English speakers. But am thinking this might be the best option in this case. Thanks again!

Asker: And look what I just found from the Bank of England no less! :-) https://www.bankofengland.co.uk/financial-stability/resolution

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