Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-10-29-Speech-4-506-976"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2015-10-29"^^xsd:date2
dcterms:Is Part Of	lp_eu:Transparency of securities financing transactions (A8-0120/2015 - Renato Soru)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20151029.35.4-506-976"2
lpv:hasSubsequent	lp_eu:2015-10-29-Speech-4-506-9842
lpv:speaker	lp:Liadh Ní Riada2
lpv:spoken text	"This report was concerned with Securities financing in the lending of securities (e.g. stocks, bonds, asset-backed securities etc.) in return for cash. Typical transactions are repos, reverse repos, buy-sell back transactions or sell-buy back transactions and collateral swaps which are all used by most banks in order to increase liquidity in the market. These financial instruments pose a major risk to financial stability. In the wake of the financial crisis, the EU has to some extent tried to reform the regular banking sector. As a result of the ‘tougher’ regulation of banks, it is safe to assume that banks will try to shift their financial activities such as SFTs to the shadow banking sector as it is basically non-regulated (shadow banks are credit institutions like Lehman Brothers that operate outside the regular banking sector). As such, this regulation seeks to prevent a migration to shadow banking by increasing transparency and reporting on SFTs outside the normal banking sector."@en1
lpv:spokenAs	substitute; CULT (2014-07-01--2017-01-18)3 member; PECH (2014-07-01--2017-01-18)3 member; BUDG (2014-07-01--2017-01-18)3
lpv:unclassifiedMetadata	"Liadh Ní Riada (GUE/NGL ),"1 "in writing"1

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The resource appears as object in 2 triples

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