Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-043-000"

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	"de"^^xsd:language2
lpv:document identification number	"en.20110704.19.1-043-000"2
lpv:hasSubsequent	lp_eu:2011-07-04-Speech-1-044-0002
lpv:speaker	lp:Franz Obermayr2
lpv:spokenAs	substitute; EMPL (2009-07-16--2012-01-18)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 unknown; Freiheitliche Partei Österreichs (2009-07-14--2014-06-30)3 member; Delegation for relations with Iran (2009-09-16--2012-02-12)3 member; REGI (2009-07-16--2012-01-18)3 member; NA (2009-07-14--2014-06-30)3
lpv:translated text	"Madam President, the reality is that more than 80% of derivatives transactions are over-the-counter (OTC) transactions. It will therefore be very difficult to impose controls on the bulk of such derivatives. Neither are these standardised products, and as a result there are complex interdependencies. The impact of this became extremely clear during the financial crisis. OTC derivatives added to the uncertainty in the markets. Details of such transactions were only available to the contracting parties, so the risks could not be assessed. Transparency is therefore important. Contracts should be reported to the trade repository within one day. It would be negligent of us to allow the stability of the financial markets to be jeopardised by opaque products, because trading in derivatives is not a game; rather, it involves bundling risks together in a way that can sometimes have very serious consequences for the real economy. I am thinking here of commodities derivatives in particular."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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