Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-312"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20100615.24.2-312"2
lpv:hasSubsequent	lp_eu:2010-06-15-Speech-2-9242
lpv:speaker	lp:Astrid Lulling2
lpv:spokenAs	member; FEMM (2009-07-16--2012-01-18)3 member; Delegation for relations with the countries of Central America (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2010-02-25--2014-06-30)3 member; Quaestors (2009-07-15--2012-01-16)3 substitute; AGRI (2009-07-16--2012-01-18)3 member; Parliament's Bureau (2009-07-15--2012-01-16)3 member; ECON (2009-07-16--2012-01-18)3 quaestor; European Parliament (2009-07-15--2012-01-16)3 unknown; Parti chrétien social luxembourgeois (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"I voted in favour of the Langen Report on derivatives markets because, like the rapporteur, I am certain that the sector needs to be regulated and that there needs to be greater transparency in the derivatives markets. I am particularly in favour of the idea of compulsory introduction of counterparty clearing facilities for handling derivatives transactions between market players. By standardising transactions and ensuring that the clearing houses are independent, very significant progress will be made. However, the regulatory mechanisms that will be introduced very shortly thanks to the collaboration between the Commission, the Council and Parliament should not completely rein in the derivatives markets, which fulfil an important role in world finance. It is important to distinguish, as the rapporteur indeed does, between derivatives instruments that are used to cover risks directly associated with the companies’ business and those that are used solely for speculative purposes. It is only the latter that are liable to pose a systemic risk and that should be suitably overseen in order to avoid a repeat of the kind of crises we have recently experienced."@en1

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