Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-425-875"

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"en.20110705.34.2-425-875"2
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"During the financial crisis it was necessary, in a number of Member States, to restrict or ban the short selling of some or even all securities. It then became well known that systemic risks could exist, and to prevent this Parliament and the Council aimed to go ahead with regulation of short selling and some aspects of credit default swaps (CDS). As such, a regulation seems to be the most appropriate solution, in that it offers the regulation with the most guarantees of certainty and security, whilst also enabling more concerted action by the Member States. In the same way, this will also guarantee that it will be applied under the aegis of the European Supervisory Authority (ESA). This is another solution aimed at providing Europe with mechanisms suitable for satisfying its future objectives."@en1

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