Activities of Jakob von WEIZSÄCKER related to 2016/2007(INI)
Plenary speeches (1)
Virtual currencies (short presentation)
Reports (1)
REPORT on virtual currencies PDF (328 KB) DOC (127 KB)
Amendments (4)
Amendment 53 #
Motion for a resolution
Paragraph 2 – point d a (new)
Paragraph 2 – point d a (new)
(da) the lack of sufficiently transparent and easily accessible technical documentation of the functioning of specific VCs and other DLT schemes;
Amendment 63 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Points out that clearing, settlement and other post trade management processes currently cost the global financial industry well in excess of EUR 50 billion per year25, and that this iand bank reconciliation processes anre areas where the use of DLT might turn out to be transformational in terms of efficiency, speed, and resilience, but would also raise new regulatory challenges; __________________ 25 https://www.gov.uk/government/uploads/s ystem/uploads/attachment_data/file/49297 2/gs-16-1-distributed-ledger- technology.pdf
Amendment 124 #
Motion for a resolution
Paragraph 14 – point 1
Paragraph 14 – point 1
1. if it is used on a large scale, is designed so as to avoid harming consumers and users and provides easily accessible technical documentation of its functioning to the public as well as more detailed technical information of its specific architecture to the supervisory authorities and namely to the TF DLT;
Amendment 128 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Calls on the Commission with the support of the TF DLT to develop stress tests containing adverse scenarios for VCs and other DLT schemes and apply them to schemes which are being used on large scale or even have become systemic; suggests discouraging users from employing VCs and other DLT schemes which have failed such tests;