Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-317-906"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-03-29"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20120329.36.4-317-906"2
lpv:hasSubsequent	lp_eu:2012-03-29-Speech-4-317-9372
lpv:speaker	lp:Estelle Grelier2
lpv:spokenAs	substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2012-06-16)3 substitute; PECH (2012-01-19--2012-06-16)3 member; S&D (2009-07-14--2012-06-16)3 member; BUDG (2012-01-19--2012-06-16)3 substitute; Delegation for relations with Canada (2009-09-16--2012-06-16)3 unknown; Parti socialiste (2009-07-14--2012-06-16)3
lpv:translated text	"After 18 long months of negotiations with the Council, Parliament has finally been able to agree to the new regulation on over-the-counter derivatives. Traders are now required to clear these contracts through central counterparties and to report all derivatives, even those not negotiated over the counter. Moreover, the powers of intervention of the European Securities and Markets Authority (ESMA) have been increased in terms of settling disputes between national regulators. These decisions were considered essential in order to improve the transparency of the financial markets, given that derivatives had a large part to play in aggravating the volatility of the markets during the 2008 crisis. However, this is only a first step in regulating the financial sector: others, which Parliament could not support because of the Council’s opposition, will have to be examined in the future, in particular, enhancing the role of ESMA."@en1

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