Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-422-187"

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"en.20110705.34.2-422-187"2
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"Short selling is the sale by a physical or legal person of a security which does not belong to that person with the intention of subsequently repurchasing an identical security. This practice, which currently takes place in the majority of financial markets, has since the financial crisis been subject to supervision in many Member States, but, at European level, this has been done in a very haphazard manner, because the EU did not have a legislative framework adapted to short selling. This proposal for a regulation thus aims to make up for this lack. Negotiations with the Council are now in progress on this subject, and they are being led, on behalf of Parliament, by our rapporteur, Mr Canfin, whom I support. I therefore voted in favour of this report, and I hope that the negotiations with the Council will reach a rapid conclusion."@en1

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