Activities of Ioan ENCIU related to 2010/0250(COD)
Plenary speeches (4)
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Amendments (3)
Amendment 23 #
Proposal for a regulation
Recital 4
Recital 4
(4) Over-the-counter (OTC) derivatives lack transparency as they are privately negotiated contracts and any information concerning them is usually only available to the contracting parties. It is essential that those financial instruments will become more transparent and accessible. They create a complex web of interdependence which can make it difficult to identify the nature and level of risks involved. The financial crisis has demonstrated that such characteristics increase uncertainty in times of market stress and accordingly, pose risks to financial stability. This Regulation lays down conditions for mitigating those risks and improving the transparency of derivative contracts.
Amendment 24 #
Proposal for a regulation
Recital 23
Recital 23
(23) In order to allow for a comprehensive overview of the market, both cleared and non-cleared contracts should be reported to trade repositories within a short period of time.
Amendment 27 #
Proposal for a regulation
Recital 47
Recital 47
(47) In order to effectively survey trade repositories, ESMA should have the rightpower to conduct investigations and on-site- inspections.