Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-408-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-05"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20110705.34.2-408-000"2
lpv:hasSubsequent	lp_eu:2011-07-05-Speech-2-408-0622
lpv:speaker	lp:Sebastian Valentin Bodu2
lpv:spokenAs	member; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 substitute; INTA (2009-07-16--2011-08-28)3 vice-chair; JURI (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the countries of South Asia (2009-09-16--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-03-24)3
lpv:translated text	"The regulation of transactions of this kind, given the risk of certain situations of non-payment, required clearing to be carried out by authorised clearing houses, designed as a necessary measure for preventing chain reactions on these markets. However, non-financial counterparties below a certain threshold, if they are not systemically relevant, do not need to be subject to the regulation, given their non-speculative nature. I know that this exception triggered a sharp response from the US Treasury secretary. However, I believe that this exception is justified in view of the objective of these exceptional transactions: hedging. I hope that Parliament will approve the version of the report voted for in the specialist committees, including the option for the reciprocal clearing of financial counterparties with non-financial counterparties."@en1

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