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Verbatim report of proceedings
Thursday, 29 March 2012 - Brussels OJ edition

Explanations of vote
MPphoto
 		 

Text tabled : A7-0223/2011

  Angelika Werthmann (NI), in writing. – (DE) Against the background of the continuing economic and financial crisis, there is an urgent need to expand the provisions in relation to financial instruments. In particular, it is important to make over-the-counter (OTC) trading in financial derivatives more transparent, so as to minimise the systemic risk in this area. OTC trading should therefore only be transacted through central counterparties that are subject to stringent equity capital requirements. Furthermore, mandatory reporting to central transaction registers is necessary in order to guarantee a sufficient degree of transparency.

 
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