Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-412-750"

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	"en"^^xsd:language2
lpv:document identification number	"en.20110705.34.2-412-750"2
lpv:hasSubsequent	lp_eu:2011-07-05-Speech-2-412-8752
lpv:speaker	lp:Kay Swinburne2
lpv:spoken text	"The ECR Group have supported this regulation on the basis that increased transparency through reporting and increased use of central clearing of derivative products globally will help reduce systemic risk in the global financial markets. The package voted upon is in line with G20 commitments and ensures that comparable regulatory measures are being proposed to other major financial jurisdictions. The regulation delivers proportionate responses to different products based on risk (e.g. foreign exchange), considers the needs of end users of such products when used for hedging business activities and takes into account the special circumstances of pension funds. We must now ensure that technical details on account segregation, third country recognition and the scope of application are negotiated. Currently, there are products traded on organised trading venues that do not centrally clear – while using public trading venues increases transparency, they do not deal with the problem of counterparty credit risk. I hope that, during the trialogue process, we can ensure that this regulatory gap is filled and that all derivative products will be subject to the same clearing obligation wherever they are traded."@en1
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2012-03-27)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-10-19--2014-06-30)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; PECH (2009-07-14--2014-06-30)3
lpv:unclassifiedMetadata	"Kay Swinburne (ECR ),"1 "in writing. −"1

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