Activities of Thomas MANN related to 2010/0250(COD)
Plenary speeches (1)
Derivatives, central counterparties and trade repositories (debate)
Amendments (7)
Amendment 151 #
Proposal for a regulation
Recital 12 a (new)
Recital 12 a (new)
(12 a) In determining the eligibility of any class of derivatives for clearing, relevant bodies should take into account the specific nature of these instruments. For certain classes of derivatives, the overriding risk may relate to settlement risk, for example for certain foreign exchange transactions due to the short dated nature of these transactions and the delivery of principle. These risks are addressed through separate infrastructure, which has the impact of significantly reducing the key systemic risk in these transactions and sets them apart from other classes of derivatives
Amendment 349 #
Proposal for a regulation
Article 4 – paragraph 3 – subparagraph 1 – point b a (new)
Article 4 – paragraph 3 – subparagraph 1 – point b a (new)
(b a) the impact on the level of settlement risk;
Amendment 352 #
Proposal for a regulation
Article 4 – paragraph 3 – subparagraph 1 – point c
Article 4 – paragraph 3 – subparagraph 1 – point c
(c) the availability of pricing information;
Amendment 357 #
Proposal for a regulation
Article 4 – paragraph 3 – subparagraph 1 – point d
Article 4 – paragraph 3 – subparagraph 1 – point d
(d) the ability of the CCP to handle the volume of contracts;
Amendment 363 #
Proposal for a regulation
Article 4 – paragraph 3 – subparagraph 1 – point e
Article 4 – paragraph 3 – subparagraph 1 – point e
(e) the level of client protection provided by the CCP.
Amendment 368 #
Proposal for a regulation
Article 4 – paragraph 3 – subparagraph 2
Article 4 – paragraph 3 – subparagraph 2
Amendment 388 #
Proposal for a regulation
Article 4 – paragraph 6 – subparagraph 2
Article 4 – paragraph 6 – subparagraph 2
The details in paragraph 4 shall at minimum correctly and unequivocally identify the class of derivatives subject to the clearing obligation. The specification of the criteria referred to in paragraph 3 may determine that the clearing obligation in Article 3(1) shall not apply to particular classes of foreign exchange derivative contracts where the predominant element of counterparty credit risk relates to settlement risk, and where such risk is already addressed by existing infrastructure arrangements.