Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-408-062"
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"en.20110705.34.2-408-062"2
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"I voted for the proposal for a regulation as I agree that over-the-counter derivatives lack transparency, as they are privately negotiated contracts and any information concerning them is usually only available to the contracting parties. They create a complex web of interdependence which can make it difficult to identify the nature and level of risks involved. The financial crisis has demonstrated that such characteristics increase uncertainty in times of market stress and consequently pose risks to financial stability. I would therefore welcome this regulation as it lays down conditions for mitigating those risks and improving the transparency of derivative contracts."@en1
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