6 Amendments of Thomas MANN related to 2010/2008(INI)
Amendment 33 #
Motion for a resolution
Recital F
Recital F
F. having regard to the decades-old misjudgmentview that derivatives need very little regulation chiefly because they are used by experts and specialists,
Amendment 89 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Backs the call for the compulsory introduction of independent clearing between financial institutions for all standardised derivatives, so as to ensure better assessment of counterparty credit risk, and backs the aim of trading as many standardised derivatives as possible, in future, on organised markets;
Amendment 105 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Considers that individually negotiated derivatives are required to hedge special risks and therefore opposes the compulsory standardisation of all derivatives;
Amendment 125 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Is of the opinionNotes that, through clearing arrangements and by adjusting capital requirements, counterparty credit risk can be reduced for contracts clearedailor-made OTC derivatives cannot be standardised and therefore supports the ceontrally via central counterparty clearing facilities (CCPs) and non-centrally clearedinued practice of bilateral settlement between countracts; backs the Commission in proposing higher capital requirements for financial institutions in the case of bilateral contracts, provided that central clearing is dispensed witherparties involving the use of collateral against default risk and the risk of contract value changes, as well as higher capital requirements;
Amendment 137 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Backs the Commission in its intention to confer responsibilities for authorising European and third-country clearing houses on the European Securities and Markets Authority (ESMA) and calls, in this context, for this work to be carried out by qualified experts and trained staff;
Amendment 204 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls, as a matter of priority, for credit default swaps to be made subject to independent central clearing and, if necessary,taking each case on its individual merits, carefully checked to establish whether individual types of derivative with cumulative risks should only be conditionally authorised or even, on a case- by-case basis, prohibited;