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ECON Economic and Monetary Affairs

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Activities

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Work in progress

The Work in Progress shows the legislative procedures currently in progress in each committee. Each entry indicates the type and stage of the procedure, the name of the rapporteur, and whether the committee has been called upon as the responsible committee or just to give its opinion. Entries also contain a link to the Legislative Observatory, which shows the entire detail of the procedure, including any relevant documents. Once a procedure has finished at the committee stage it will be voted on in the Plenary session and will then be deemed to be completed.

committees.common.workinprogress.doc :

Modification de la directive 2009/138/CE sur l'accès aux activités de l'assurance et de la réassurance (solvabilité II) et leur exercice

committees.common.workinprogress.date :

committees.common.workinprogress.reference :

2012/0110(COD) ***| Ordinary legislative procedure first reading

ECON

Committee responsible

committees.common.workinprogress.doc :

Common system of value added tax, as regards the treatment of vouchers

committees.common.workinprogress.date :

committees.common.workinprogress.reference :

2012/0102(CNS) * Consultation procedure

ECON

Committee responsible

committees.common.workinprogress.doc :

European statistics

committees.common.workinprogress.date :

committees.common.workinprogress.reference :

2012/0084(COD) ***| Ordinary legislative procedure first reading

ECON

Edward SCICLUNA [S-D]

Committee responsible

committees.common.workinprogress.doc :

Securities settlement in the EU and central securities depositories (CSDs), and amendment of Directive 98/26/EC

committees.common.workinprogress.date :

committees.common.workinprogress.reference :

2012/0029(COD) ***| Ordinary legislative procedure first reading

ECON

Committee responsible

committees.common.workinprogress.doc :

Establishment of an action programme for customs and taxation in the European Union for the period 2014-2020 (FISCUS) and repeal of Decisions No 1482/2007/EC and No 624/2007/EC

committees.common.workinprogress.date :

2011/0417(COD) ***| Ordinary legislative procedure first reading

ECON

Philippe LAMBERTS [Verts/ALE]

Committee responsible

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: Committee activities

Welcome words

Sharon Bowles, Chair of ECON Committee@European Parliament

The European Parliament is a major agenda-setter in the area of European policy and the Economic and Monetary Affairs Committee (ECON) plays a key role in the work of the Parliament. It has responsibility for such matters as the economic and monetary policies of the EU, taxation and competition policies, free movement of capital and the regulation of financial services (banks, insurance, pension funds, asset/fund management, accounting, international monetary and financial systems etc.). Moreover, as the great majority of Parliament's work is done at Committee level, it is ECON that does most Parliamentary work on these key economic and monetary policy areas. This puts ECON at the centre of the Parliament's work on the current economic and financial crisis and gives ECON significant influence on the policy agenda in the EU and internationally.

As regards the monetary policies of the Union and the functioning of EMU and the European monetary system, the accountability of the ECB vis-à-vis the Parliament plays a key role, as it acts as an important counterbalance to the central bank's independence.

ECON plays a key role in making EU law, because the Parliament is, together with the Council, the EU's co-legislator in most EU policy areas. EU law often determines the national laws and regulations in Member States, especially in financial services and, after the entry into force of the Treaty of Lisbon, in the area of EU economic governance. This allows an ECON Members to shape EU law in these important areas of EU policy.