Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-425-250"
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"en.20110705.34.2-425-250"2
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"I voted for the proposed regulation as I agree that in order to put an end to the current fragmented situation in which some Member States have taken differing measures, and to restrict the possibility of this continuing to occur, it is important to address the potential risks arising from short selling and credit default swaps in a harmonised manner. I agree that the requirements to be imposed should address the identified risks, taking into account differences in the Member States and the potential economic impact of the requirements. They should do so without unduly detracting from the benefits that short selling provides to the quality and efficiency of markets by increasing market liquidity, as the short seller sells securities and then later repurchases those securities to cover the short sale, and by allowing investors to act when they believe a security is overvalued, leading therefore to the more efficient pricing of securities. I agree that it is necessary to harmonise the framework for short selling and certain aspects of credit default swaps, to prevent the creation of obstacles to the internal market, as it is likely that Member States will continue to take differing measures."@en1
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