Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-053"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20111115.27.2-434-053"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"As the report says, at the height of the financial crisis in September 2008, competent authorities in several Member States of the EU, and in other countries such as the United States and Japan, adopted emergency measures to restrict or ban short selling in some or all securities. They acted due to concerns that, at a time of considerable financial instability, short selling could aggravate the downward spiral in the prices of shares, notably in financial institutions, in a way which could ultimately threaten their viability and create systemic risks.
However, in the European Union, the measures adopted by Member States were divergent because of the lack of common regulatory measures. Only now, two years later, are some measures – albeit very insufficient ones – being taken, with a view to harmonising the rules on short selling and certain aspects of credit default swaps, making notification mandatory in properly typified cases, which could contribute to reducing some speculation, particularly on sovereign debt. Regrettably, they will only come into force in 2012, and even after then, the exceptions provided for will still permit this practice in some cases."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples