Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-408-250"

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"en.20110705.34.2-408-250"2
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"This legislative proposal aims to address the lack of regulation at Community level in the over-the-counter (OTC) derivatives sector, and at increasing its transparency and mitigating its risks. A set of requirements have now been established for derivatives contracts and the conditions for the authorisation of central counterparties, along with the criteria to examine to ensure appropriate characteristics for central clearing, and the reporting of information on OTC derivatives to trade repositories where the aggregate information can be used, in particular for analysing systemic risk and for calculating compensation. Finally, I should like to urge the Member States in the Council to come to a quick decision on this matter so as to enable this regulation on the Community legal framework to come into force quickly."@en1

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