Translation of "Global financial aid " (English → French) :

However, since then, the Commission has acknowledged that the global financial crisis can create a serious disturbance in the economy of Member States and that measures supporting banks are apt to remedy this disturbance in its Communication on the application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis (38) (hereinafter ‘Banking Communication’), its Communication on the recapitalisation of financial institutions in the current financial crisis: limit ...[+++]ation of aid to the minimum necessary and safeguards against undue distortions of competition (39) (hereinafter ‘Recapitalisation Communication’), the IAC and its Communication on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules (hereinafter ‘Restructuring Communication’) (40).

2. As a general rule, global financial commitments shall cover the total cost of the corresponding individual legal commitments concluded by the Commission up to 31 December of year N + 1, year N being the year in which the Commission's global financial commitment was adopted, subject to Article 68(3).

2. As a general rule, global financial commitments shall cover the total cost of the corresponding individual legal commitments concluded by the Commission up to 31 December of year N + 1, year N being the year in which the Commission's global financial commitment was adopted, subject to Article 68(3).

The objectives of the Commission’s financial services policy over the next 5 years are to: consolidate dynamically towards an integrated, open, inclusive, competitive, and economically efficient EU financial market; remove the remaining economically significant barriers so financial services can be provided and capital can circulate freely throughout the EU at the lowest possible cost – with effective levels of prudential and conduct of business regulation, resulting in high levels of financial stability, consumer benefits and consumer protection; implement, enforce and continuously evaluate the existing legislation and to apply rigoro ...[+++]usly the better regulation agenda to future initiatives; enhance supervisory cooperation and convergence in the EU, deepen relations with other global financial marketplaces and strengthen European influence globally.

The objectives of the Commission’s financial services policy over the next 5 years are to: consolidate dynamically towards an integrated, open, inclusive, competitive, and economically efficient EU financial market; remove the remaining economically significant barriers so financial services can be provided and capital can circulate freely throughout the EU at the lowest possible cost – with effective levels of prudential and conduct of business regulation, resulting in high levels of financial stability, consumer benefits and consumer protection; implement, enforce and continuously evaluate the existing legislation and to apply rigoro ...[+++]usly the better regulation agenda to future initiatives; enhance supervisory cooperation and convergence in the EU, deepen relations with other global financial marketplaces and strengthen European influence globally.

In an increasingly integrated global financial market, rules on supervision are of crucial importance. The EU must play its part in encouraging high standards of regulation world wide. The EU continues to play a full and active role in forging an international consensus and widespread implementation of best practice in financial regulation. Its support for the work of the IASC (International Accounting Standards Committee) to secure a globally accepted set of financial rep ...[+++]orting standards that will enhance financial transparency and facilitate the task of financial supervisors is a good example.