Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-408-750"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-05"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110705.34.2-408-750"2
lpv:hasSubsequent	lp_eu:2011-07-05-Speech-2-409-0002
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	member; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2012-02-14)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; REGI (2009-07-16--2012-01-18)3
lpv:translated text	"I welcomed this document, because the financial crisis has raised concerns regarding the resilience and transparency of the over-the-counter (OTC) derivatives market. The G20 agreed that all standardised OTC derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by the end of 2012 at the latest. OTC derivative contracts should be reported to trade repositories. This regulation sets out the conditions for authorising Central Counterparties (CCPs), the criteria for checks to ensure appropriate characteristics for central clearing, and the reporting of derivatives to trade repositories where the aggregate information can be used inter alia for analysis of systemic risk. However, it must be remembered that any regulation should be applied in a carefully measured way. While under-regulation endangers the market, over-regulation leads to increased costs and, in some cases, to increased prices for the end consumers. This would not be a welcome effect in the areas of food commodities and energy products."@en1

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