Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-082-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-04"^^xsd:date2
dcterms:Is Part Of	lp_eu:Short selling and certain aspects of credit default swaps (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20110704.21.1-082-000"2
lpv:hasSubsequent	lp_eu:2011-07-04-Speech-1-083-0002
lpv:speaker	lp:Elena Băsescu2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-06-30)3 member; Delegation for relations with Israel (2009-09-16--2014-06-30)3 substitute; ECON (2010-05-12--2012-01-18)3 substitute; Delegation to the EU-Moldova Parliamentary Cooperation Committee (2010-01-20--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2012-02-12)3 member; PETI (2009-10-07--2012-01-18)3 substitute; AFET (2009-07-16--2012-01-18)3
lpv:translated text	"Mr President, I too must welcome the Commission’s initiative on creating a legal framework for short selling and credit default swaps (CDSs) regarding the situations where market operations would pose a threat to financial stability or market confidence. I agree with the proposal to introduce a transparency system which entails the relevant authorities being notified of significant net short positions in shares, according to specific thresholds. In normal circumstances, short selling is conducive to market liquidity and helps set prices effectively. However, when the markets are experiencing difficulties, this operation can exacerbate the fall in prices. This situation would result in turbulent markets and systemic risks. Regulatory bodies must be given clear-cut powers to restrict or ban short selling in exceptional circumstances. They will be exercised in cooperation with the European Securities and Markets Authority (ESMA)."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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