Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-025-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-04"^^xsd:date2
dcterms:Is Part Of	lp_eu:Derivatives, central counterparties and trade repositories (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20110704.19.1-025-000"2
lpv:hasSubsequent	lp_eu:2011-07-04-Speech-1-026-0002
lpv:speaker	lp:Jean-Paul Gauzès2
lpv:spokenAs	unknown; Union pour un Mouvement Populaire (2009-07-14--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2009-07-24--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2014-06-30)3 substitute; AGRI (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3
lpv:translated text	"Mr President, Commissioner, ladies and gentlemen, to use an image much loved by the Commissioner, this is a new brick in the regulatory and supervisory system that he is courageously and effectively putting in place. A new brick, and soon there will be another one, with short selling. To ensure that those bricks are firmly in place, however, we need the Council’s agreement, and that is why I believe we should make the most of the coming days in order to try to make a success of a trialogue that will enable us to reach a decision at first reading. That is why the Group of the European People’s Party (Christian Democrats) is in favour of postponing the vote on the legislative resolution until the next part-session. Doing so will give the negotiators time to reach a proper agreement. As Mr Langen, who has done a remarkable job in this difficult affair, said, this agreement specifically deals with the role of, and supervision by, the European Securities and Markets Authority (ESMA). ESMA is a key element in this financial regulatory system that has been established. The conditions must be in place, at European level, for that authority to carry out all aspects of its role, which is very important in this case. On the issue of scope, we support the rapporteur’s proposal to limit it to over-the-counter derivatives and their markets; it is also important to consider the issues of interoperability and of third countries. I would also point out that the Committee on Economic and Monetary Affairs, in an effort to be practical, believes that there is no point in imposing the provisions retrospectively, except, perhaps, in the case of transactions that are carried out over a long period of time. This system is difficult and complicated, but it is vital if we are to prevent a repeat of the financial crises we have gone through."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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