Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-314-000"

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"en.20120329.36.4-314-000"2
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"As over-the-counter (OTC) derivatives are contracts negotiated privately between the two parties involved without passing through any intermediary, identifying the nature and level of risk involved in these transactions is more complicated. This regulation is intended to lay down conditions for limiting the risks and to make these contracts more transparent. The regulation proposes concrete measures in this regard; specifically, the use of central counterparties, the guarantee that OTC derivatives are subject to compensation and the obligation to record them in trade repositories. Stress is given to the need to standardise requirements for derivative contracts, and stipulations for central counterparties and for trade repositories. This is an area that has been completely unregulated until now. This is the response to the call made by the G20 leaders in 2009, which contributes to increased stability in the financial markets. I voted for this report for those reasons."@en1

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