Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-924"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20100615.24.2-924"2
lpv:hasSubsequent	lp_eu:2010-06-15-Speech-2-3132
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 substitute; DROI (2009-07-16--2012-01-18)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"In the past, derivative instruments played an important role by transferring risk in the economy. However, the lack of transparency and regulation in the derivatives markets had an extremely pernicious effect on the financial crisis. One of the instruments that most affected European economies and led to increased interest on sovereign debt was CDS (credit default swaps). This regulation upholds a ban on speculative trading using this instrument, as it can lead to distortion in the sovereign debt markets. It is of paramount importance to distinguish between derivatives products used as a tool for managing risk to cover a real underlying risk to the subject, and derivatives solely used for speculative purposes. That is why I voted as I did."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph