4 Amendments of Anni PODIMATA related to 2010/2008(INI)
Amendment 26 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas the recent events involving sovereign credit default swaps used by financial speculators, led to unjustified high levels of several national spreads and consequently severely endangered not only the sustainability of the involved national economies but also the stability of the eurozone altogether; whereas those events and practices underlined the need for further market transparency and enhanced European regulation vis-à-vis trading of credit default swaps, in particular of those connected to sovereign debts,
Amendment 197 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Calls the Commission to initiate as soon as possible an inquiry at European level regarding the role and impact of speculative practices in connection to sovereign credit default swaps and their possible implications on the development of yields and to evaluate the need for promoting further regulation vis-à-vis minimum holding periods of CDS trading or banning acquisition of CDS which are not being used for hedging purposes;
Amendment 201 #
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 andndatory reported to a European based trade repository and to be made subject to central counterparty clearing independent from key market participants or risk takers; calls moreover, if necessary, 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;
Amendment 222 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Calls for any derivative from financial or non financial institution above a certain threshold (to be specified by the European Securities and Markets Authority) to be centrally cleared by a central counterparty;