Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-261-750"
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"en.20121026.23.5-261-750"2
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The new Markets in Financial Instruments Regulation aims to take a further step towards greater regulation and supervision of markets. The main objective of this proposal is to establish uniform requirements in all Member States in relation to public disclosure of trade data and reporting of transactions. Trading of derivatives on organised venues will be mandatory, thus reducing the risks associated with these products. This regulation provides for the introduction of position limits or alternative arrangements for derivative financial instruments related to commodities (e.g. food and energy), which may facilitate price discovery and efficient hedging of the price risks to which producers and consumers are exposed, and therefore prevent and correct asset bubbles and other distortions. Although there is still much to be done in the field of financial regulation, this proposal means that a large number of products that have until now been traded on unregulated markets are now subject to stricter rules. I abstained."@en1
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