Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-317-984"

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"en.20120329.36.4-317-984"2
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"I voted in favour of this report because I support extending its application to standardised over-the-counter (OTC) derivative contracts. These measures are necessary to improve transparency and the management of systemic risk in the OTC derivatives market. At the same time, I believe the time is right to introduce uniform rules in order to ensure that the activities of central counterparties take place under the right conditions. This vote affirms the importance of a stronger instrument for businesses. Finally, it is necessary to preserve proper proportionality at the regulatory level so as to avoid raising prices to the detriment of consumers."@en1

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