zwischen den Banken. Daher sollte den Empfehlungen der Kommission gefolgt werden. Solange die „too big to fail“-Problematik nicht ge- löst ist, gibt es jedoch vielfach keine Alternative zu öffentlichen F
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des EU-Bankensektors, 2013/2021(INI) 4 Unter „too-big-to-fail“ ist hier auch „too-important-to-fail“,„too-interconnected-to-fail“ und „too- complex-to-fail“ zu verstehen, d. h. Banken, die zu wichtig, [...] nicht scheitern gelassen („too-big-to-fail“), aber auch nicht gerettet („too-big-to-save“) und aufgrund ihrer komplexen Struktur nicht abgewickelt werden („too-complex-to-resolve“). Kommissar Barnier [...] durch die Probleme im Zusammenhang mit Banken, die zu groß sind, um sie scheitern zu lassen, („too-big-to-fail“, TBTF)4 angegangen würden. Dieser Vorschlag ist zentraler Bestandteil der Maßnahmen, mit denen
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bereitet doch die zentrale Frage Sorge, ob Gesellschaften, die für eine Insolvenz zu groß sind („too big to fail“), ein Moral-Hazard-Risiko schaffen könnten. Um solchen Sorgen zu begegnen, sollten in Anlehnung [...] wird oftmals argumentiert, das Prüfungsurteil sei nicht umfangreich genug und komme zu spät („too little too late“). Bessere Kommunikation nach innen Zwischen dem Prüfungsausschuss des Unternehmens [...] Behebung der Marktverzerrung durch die „Big Four“ Infolge der Konsolidierung des Marktes im oberen Segment scheint es „komfortabler“ zu sein, eine „Big Four“-Prüfungsgesellschaft zum Unternehmensprüfer
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system as a whole, they are, to some extent, "too big to manage" and "too big to fail" – which means that they can expose the rest of society to major costs and are subject to acute moral hazard; in some [...] framework to take the European Union forward. Towards a new regulatory agenda – to reduce risk and improve risk management; to improve systemic shock absorbers; to weaken pro-cyclical amplifiers; to strengthen [...] Board (IASB) to foster the emergence of a consensus as to where and how the mark-to-market principle should apply – and where it should not. The IASB must, to this end, open itself up more to the views
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Contributions To determine the total amount of funds to be raised from contributors to the IGS, there has to be an allocation mechanism. In practice, insurance companies contribute to existing IGSs in [...] risk-based, economic approach to solvency. It requires insurance and reinsurance companies to hold sufficient capital to cover their obligations for one year, subject to a 99.5 % VaR confidence level7 [...] in addition to capital requirements and appropriate supervisory powers. However, it is widely acknowledged that it would be too costly to set solvency requirements at a level sufficient to absorb all
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of innovation. However, the Commission fails to provide any valid explanation as to its statement that the barriers to eco-innovation are often more difficult to overcome. Neither does it explain why [...] not applied to marketable products. In order to close this gap, the Commission wishes to support demonstration projects for eco-innovations. – By the end of 2012, the Commission wishes to select dem [...] innovations to solve specific societal challenges” (p. 14). - The Commission is considering encouraging private and public procurement to promote eco- innovation. To this end, it wishes to bring together
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dass für Staatsanleihen risikoadä- quates Eigenkapital zu hinterlegen ist. Zum anderen muss die Too-big-to-fail-Problematik gelöst werden. Die positiven Effekte einer steigenden Liquidität stehen in keinem
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werden. Die Konzentration liquider Mittel von Unternehmen bei den Hausban- ken kann wiederum die „too big to fail“-Problematik von Großbanken verstärken. Juristische Bewertung Kompetenz Die Verordnung wird
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Access to finance - The Commission puts difficulties in accessing finance down to "market deficiencies" (p. 8/9) and wants to develop alternatives to bank lending for SMUs. - It wants to support [...] national tax reforms to make it easier to transfer family businesses, such as by way of inheritance, do not go far enough. - Together with national experts, it is going to develop proposals to make business [...] States are to change their insolvency legislation in 2013 to limit the discharge and debt settlement period to three years for an honest entrepreneur. - In 2013, the Commission wants to hold a public
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due to the relatively high level of fixed-costs to which regulation gives rise. Such a consolidation would be detrimental to financial stability because investment firms that are “too big to fail” have [...] subject to another of the three capital requirements listed (Art. 11 (3)). – The requirements relating to the composition of capital are identical to those for credit institutions - and thus also to class [...] EU. It is, however, misguided to link authorisation to a willingness to “cooperate for tax purposes”: If British prudential and business conduct rules are equivalent to those of the EU, investment firms
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