European Parliament
| February 22nd, 2011 | ESMA nominates Verena Ross Executive Director
The Board of Supervisors (BoS), ESMA’s decision taking body made up of 27 voting members, nominated Verena Ross today, for the post of ESMA’s first Executive Director, subject to confirmation by the European Parliament. The Executive Director will be entrusted with the day-to-day management of ESMA. According to the Regulation establishing ESMA, the Executive Director will serve a term of five years, renewable once.
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| February 10th, 2012 | EP-Council Deal on Rules for a Safe and Transparent Derivatives Market ECON Economic and monetary affairs After long negotiations a compromise deal on new EU legislation to regulate trade in over-the-counter (OTC) derivatives and make the derivatives market safer and more transparent was struck by Parliament and Council representatives on Thursday. Derivatives trading is widely believed to have contributed to the global financial crisis. |
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| July 5th, 2011 | Parliament Decides Stance on Derivatives, Short Selling, Investor Compensation Economic and monetary affairs Three proposals making derivatives trading less fragile, reducing speculative practices linked to short selling and reducing the time for the setting up of investor compensation schemes received Parliament's backing on Tuesday ahead of negotiations with Member States. |
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| March 22nd, 2011 | Remarks, OTC Derivatives Reform, European Parliament, Economic and Monetary Affairs Committee, Brussels, Belgium Chairman Gary Gensler Good afternoon Chairwoman Bowles and members of the Economic and Monetary Affairs Committee. I thank you for inviting me to speak today on regulatory reform of over-the-counter (OTC) derivatives, or swaps. I am honored that this is the second time that you have asked me to appear before you, but as it goes, it is once again when my daughters are home on spring break. As I did last year, I would like to introduce my two daughters, Lee and Isabel. |
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| March 9th, 2011 | MEPs Crack Down on Sovereign Debt Speculation and Naked Short Selling
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| March 7th, 2011 | AIMA Warns of Economic Impact of EU Naked CDS Ban
EU policymakers should consider the economic impact of potential restrictions on credit default swaps in sovereign debt. That’s according to the Alternative Investment Management Association (AIMA), the global hedge fund association.
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| February 28th, 2011 | Lawmakers Begin Work on Derivatives Regulation
Mr Langen disagreed with suggestions by some EU Member States that all derivatives should be regulated. Rather, he advocates keeping to the original Commission proposal, which would limit the scope of the new rules to over-the-counter (OTC) derivatives.
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| February 7th, 2011 | European Systemic Risk Board: President Trichet in Parliament
Economic and monetary affairs
European Central Bank President Jean-Claude Trichet was questioned in Parliament’s Economic and Monetary Affairs Committee on Monday about his views on the functioning of the newly established European Systemic Risk Board (ESRB), of which he is also the President. |
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| February 1st, 2011 | Parliament to Seek Guarantees for Financial Supervisory Watchdogs
Economic and monetary affairs announcement:
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| November 26th, 2010 | Parliament Sees its Priorities Through on Hedge Funds Directive Committee : Economic and Monetary Affairs European Parliament and Council negotiators on Tuesday overcame the final major hurdles to an agreement on the alternative investment fund managers directive. Parliament succeeded in pushing through new chapters on asset stripping and remuneration principles, as well as strongly influencing the rules on the passporting system, depositary liability, capital requirements, and use of leverage. |
