Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-407-187"

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"en.20110705.34.2-407-187"2
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"This draft regulation concerns over-the-counter derivatives, financial products whose value is derived from another asset, and which are traded directly between two parties without passing through an intermediary. In September 2009, there was agreement among the leaders of the G20 that exchanges of over-the-counter (OTC) derivatives should be better regulated. The Commission accordingly brought forward this proposal for a regulation in order to act quickly. The report drafted by my colleague Mr Langen and the amendments adopted in the Commission on Economic and Monetary Affairs give us a good basis for negotiation with the Council. I therefore supported them so that this negotiation could progress."@en1

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