Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-412-937"
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"en.20110705.34.2-412-937"2
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I have voted in favour of this report. It is essential for us to put in place strict, binding rules and standards for risky financial products in future. I see this as one of the first moves in establishing a better organised and less risky financial sector which may grow more slowly, but will also be significantly more robust. Another decisive issue is the mandatory reporting of derivatives, which will give the supervisory authorities an overview over the financial markets. Trade repositories and a central clearing house will be the first steps towards ensuring transparency."@en1
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