Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-425-093"

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.20110705.34.2-425-093"2
lpv:hasSubsequent	lp_eu:2011-07-05-Speech-2-425-1252
lpv:speaker	lp:Rolandas Paksas2
lpv:spokenAs	vice-chair_member_of_the_bureau; EFD (2010-02-16--2012-01-26)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; PETI (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; ITRE (2009-07-16--2012-01-18)3
lpv:translated text	"I believe that a common framework in this area of financial markets is essential. We must make every effort to address the potential risks arising from short selling and credit default swaps in a harmonised manner. It is very important for the European Securities and Markets Authority to properly manage short selling and credit default swaps. In order to achieve this, the authority must be given more powers. It should be noted that credit default swaps in relation to sovereign debt are a particularly effective and efficient means of mitigating risk in a variety of instruments. Consequently, we must define objective market instability criteria. There must be strict control and monitoring of naked short selling and settlement discipline, while market makers should also be exempt from any restrictions or requirements imposed in exceptional situations. All of these measures must be implemented, so that financial markets function smoothly and results are optimised."@en1

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