Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-200-000"
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"en.20111115.27.2-200-000"2
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"Madam President, despite having voted against the first version of the Canfin report in plenary, and although the subsequent report has been revised after a number of trialogues, I still have a great number of reservations about the report, which is why I have abstained.
As a member of the Committee on Economic and Monetary Affairs, I am concerned by the detail in the report and the ability to implement the proposal as it stands, particularly about the proposed ban on uncovered sovereign CDS and the potential subsequent impact on the ability of Member States in the EU to raise revenue through bond issuance. An opt-in, and not an opt-out, system for Member States’ regulators would have been more equitable and added to the report’s credibility."@en1
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