Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-027-000"

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.20110704.19.1-027-000"2
lpv:hasSubsequent	lp_eu:2011-07-04-Speech-1-028-0002
lpv:speaker	lp:Pascal Canfin2
lpv:spokenAs	vice-chair; Special Committee on the Financial, Economic and Social Crisis (2009-10-15--2011-07-31)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2012-05-15)3 member; Delegation for relations with the United States (2009-09-16--2012-05-15)3 substitute; IMCO (2009-07-16--2012-01-18)3 member; ECON (2009-07-16--2012-01-18)3 unknown; Europe Écologie (2009-07-14--2012-05-15)3 member; G/EFA (2009-07-14--2012-05-15)3
lpv:translated text	"Mr President, I wanted to begin by thanking the rapporteur, Mr Langen, for the positive atmosphere he has created in the debates we have been able to have. They have resulted in an ambitious and responsible text on which there is very broad agreement in Parliament. I would also like to emphasise two points on which we, the Group of the Greens/European Free Alliance, presented proposals, and which were subsequently taken up by all the political groups that supported this text. The first point concerns harmonisation by the European Securities and Markets Authority (ESMA) of the rules on collateral-related competition between clearing houses. We know that one of the great dangers of this text is that risks will be concentrated in clearing houses when they were previously spread around. They will be concentrated in clearing houses, which actually compete with each other by reducing the level of security within the system. No provision was made in the initial Commission proposal to prevent clearing houses competing on the level of security, an important criterion of which is the level of collateral. The second point that I wished to emphasise is our proposal to expand Parliament’s text; we have removed the threshold set by the Commission which limited the transmission of information – the reporting of trading information – because not all derivatives will be traded in clearing houses. We have therefore made provision for all information, be it on over-the-counter trading or on trading carried out in clearing houses, to be transmitted to the regulator so that he has an overview of the risks that exist. I hope that the Council will be receptive to this important development of Parliament’s text."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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