Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-16-Speech-3-320-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2014-04-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Markets in financial instruments and amendment of the EMIR Regulation on OTC derivatives, central counterparties and trade repositories (A7-0303/2012 - Markus Ferber)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20140416.50.3-320-000"2
lpv:hasSubsequent	lp_eu:2014-04-16-Speech-3-321-6252
lpv:speaker	lp:William (The Earl of) Dartmouth2
lpv:spoken text	"UKIP’s position is against. The Regulation restricts freedom of contract, grants powers to ESMA (including the power to prohibit investment products) and empowers the Commission to pass delegated acts and to adopt regulatory technical standards. Transparency in OTC dealings is all very well, but the volume of the information produced will be unmanageable within any reasonable time frame – rendering the process meaningless. EMIR regulates derivatives, central counterparties (CCPs) and trade repositories in the European Union. The proposal creates new requirements to mitigate the risks associated with the derivatives markets, following the lessons from the financial crisis. It introduces new requirements for transparency, as well as organisational requirements and prudential standards for both CCPs and trade repositories."@en1
lpv:spokenAs	unknown; United Kingdom Independence Party (2009-07-14--2014-06-30)3 member; INTA (2012-01-19--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3
lpv:unclassifiedMetadata	"William (The Earl of) Dartmouth (EFD ),"1 "in writing"1

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