Traduction de «Provisions equivalent to reserves » (Anglais → Français) :

A reinsurance undertaking should have assets to cover technical provisions and equalisation reserves which should take account of the type of business that it carries out in particular the nature, amount and duration of the expected claims payments, in such a way as to secure the sufficiency, liquidity, security, quality, profitability and matching of its investments, which the undertaking should ensure are diversified and adequately spread and which gives the undertaking the possibility of responding adequately to changing economic circumstances, in particular developments in the financial markets and real estate markets or major catast ...[+++]rophic events.

The competent authorities of the reinsurance undertaking's home Member State should be responsible for monitoring the financial health of reinsurance undertakings, including their state of solvency, the establishment of adequate technical provisions and equalisation reserves and the covering of those provisions and reserves by quality assets.

The monetary reserve does no longer exist, and the enclosed proposals for the renewal of the interinstitutional agreement would no longer require ad-hoc provisions concerning the reserves for external operations and for emergency aid.

Hopefully we shall be able, when the time comes, to fund some of the refunds to the Member States for the foot-and-mouth crisis this year, i.e. out of the budget 2001. It is important that the Commission's preliminary draft budget makes provision for a reserve of EUR 1 billion for 2002, which is earmarked for any further measures needed to deal with the BSE crisis and the foot-and-mouth crisis.

Hopefully we shall be able, when the time comes, to fund some of the refunds to the Member States for the foot-and-mouth crisis this year, i.e. out of the budget 2001. It is important that the Commission's preliminary draft budget makes provision for a reserve of EUR 1 billion for 2002, which is earmarked for any further measures needed to deal with the BSE crisis and the foot-and-mouth crisis.

9. Opposes the proposed creation of a 'reserve' of 10% of the Structural Funds, since this would, automatically and from the outset, impair the rhythm of cohesion and would leave the Commission with excessive powers of discretion as regards a posteriori allocation; considers that such a reserve would also be discriminatory from the budgetary viewpoint, as the procedure would apply only to category 2 of the Union budget; believes that 10% is too high a level, given that it is almost the same as the entire allocation for the Cohesion Fund; considers, in view of the above, that the provision ...[+++] for this reserve should be removed, or, if this is not possible, the allocations should be left to the Member States; believes the latter solution should lead to the stronger promotion of technological and energy development projects, since the national approach would eliminate most of the legal and technical problems;