bridge loan | bridging loan | bridge financing | gap financing | gap loan | interim financing | interim loan | swing loan

slow pick-up relay | slow-pickup neutral relay

relay race | relay competition | relay event | relay

time delay relay [ delay relay | time-delay relay | timing relay | timer relay ]

relay station [ relay broadcast station | booster station ]

internal gear box spur gear | internal wheelcase spur gear

Innovation Relay Centre | IRC [Abbr.]

data relay satellite

The Commission will: ensure, through an internal network, that all departments apply its multilingualism policy in a coherent way; continue to foster multilingualism on its Internet portal (Europa) and in its publications; launch a Languages portal on Europa providing information about multilingualism in the European Union and accommodating new portals dedicated to language learners and language teachers; give a greater role to its translation field offices in the Member States in promoting multilingualism, particularly through the customisation of the Commission’s messages for local target audiences; organise high-level seminars on multilingualism in the Member States, targeted at journalists and other opinion multipliers; continue to ...[+++] offer universities grants and teaching assistance in the field of conference interpreting, help develop distance learning tools and fund student bursaries and training visits; continue to develop cost-effective multilingual conferencing and communication tools under the Commission’s project on the interoperable delivery of pan-European e-government services to public administrations, businesses and citizens; [38] support the European Master’s in Conference Interpreting and the European Master’s in Conference Management, thereby enhancing co-operation, pooling expertise and disseminating best practice in these fields; continue to play a full part in the International Annual Meeting on Language Arrangements, Documentation and Publication, a body which discusses new job and skills requirements; continue to provide universities with a model curriculum of a Master’s degree in translation and supply visiting translators to help train students in translation; and organise an international translation competition between schools in Member States, to promote language knowledge and the language professions. |

When the application of the bail-in tool for the purpose referred to in point (a) of paragraph 1 is decided upon, the assessment referred to in the first subparagraph shall establish the amount by which eligible liabilities need to be converted in order to restore the Common Equity Tier 1 capital ratio of the institution under resolution, or where applicable the bridge institution taking into account any contribution of capital by the resolution fund pursuant to point (d) of Article 71(1) and to sustain sufficient market confidence in the institution under resolution or the bridge institution and enable it to continue to comply with the conditions for authorisation and to carry on the activities for which it is authorised under Directive 20 ...[+++]13/36/EU or Directive 2004/39/EC.

In order to ensure the necessary flexibility to allocate losses to creditors in a range of circumstances, it is appropriate that the bail-in tool be applicable both where the objective is to resolve the failing entity as a going concern if there is a realistic prospect that the entity viability may be restored, and where systemically important services are transferred to a bridge entity and the residual part of the entity ceases to operate and is wound down.

The resolution tools should include the sale of the business or shares of the institution under resolution, the setting up of a bridge entity, the separation of the performing assets from the impaired or under-performing assets of the failing entity, and the bail-in of the shareholders and creditors of the failing entity.