Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-317-996"
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"en.20120329.36.4-317-996"2
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"The European Commission has submitted a proposal to the European Parliament and the Council setting out the standardised requirements for the financial and non-financial parties to over-the-counter (OTC) derivatives, and for all classes of OTC derivative contracts. I am voting for this regulation because it sets out the conditions for authorising the central counterparties and the criteria for determining eligibility for the clearing obligation of a class of derivatives, with the main objective of reducing systemic risk. I would also take this opportunity to mention my support for the rules laid down by the European Commission and supported by the European Parliament on penalties applicable to breaches of the procedures set out in the report, and for the measures necessary in order to ensure their implementation."@en1
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