Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-317-972"

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	"it"^^xsd:language2
lpv:document identification number	"en.20120329.36.4-317-972"2
lpv:hasSubsequent	lp_eu:2012-03-29-Speech-4-317-9742
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 substitute; LIBE (2012-01-19--2014-06-30)3 member; EPP (2009-11-25--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"I am happy with the document approved in the trialogue. The European Union needed to have a complete and single set of regulations for all derivatives traded on both regulated and unregulated markets and greater powers for ESMA, the European Securities and Markets Authority. I am satisfied that despite the pressure brought to bear by certain states, the compromise we have reached has not introduced too many exemptions from the application of the rules and that ESMA’s supervisory powers have not been watered down. The document has included many of the amendments that were proposed, and which I supported, in the Committee on Economic and Monetary Affairs. These were, in particular, those relating to extending the scope to cover all derivatives, whether over-the-counter or not, and introducing some different rules for non-financial counterparties having recourse to derivatives to finance certain activities and to hedge against risks, and for financial counterparties not indulging in speculation."@en1

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