Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-317-970"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-03-29"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20120329.36.4-317-970"2
lpv:hasSubsequent	lp_eu:2012-03-29-Speech-4-317-0022
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 substitute; DROI (2012-01-19--2014-06-30)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 member; LIBE (2012-01-19--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2012-01-19--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"The financial products that financial institutions have created over the years have not been properly regulated, and this contributed to the severe financial crisis that they triggered in the past. The absence of a regulatory framework for over-the-counter (OTC) derivatives also contributed to the financial crisis and its consequences. In view of this, and in order to address concerns about financial stability, in September of last year, the Commission tabled a proposal for regulating this market. The amendments that have been adopted by Parliament today are principally aimed at improving transparency and managing risk in the OTC derivatives market, so that the same mistakes are not repeated in future, with the severe consequences of which we are all aware. That is why I voted in favour."@en1

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