Latest news

Work-in-progress table (ITER listing)

06-05-2015 - 13:45


Public Hearing on the revision of the IORP

20-05-2015 - 11:52
Public hearing: Pensions - institutions for occupational retirement provision

ECON committee will hold a public hearing on the Commission's proposed revision of the Institutions for Occupational Retirement Provision Directive (IORP II) on 26.05.15.

At the Hearing,representatives of the pension and academic community will provide their views on the Commission's proposal IORP II. Some 125,000 IORPs operate privately managed pension schemes in the EU and hold assets worth €2.5trillion. However, the financial and economic crisis has highlighted their vulnerability. The purpose of the hearing is to raise awareness and to hold a public debate in ECON on this important legislative file where the draft report will be submitted for consideration in committee by mid-July.

The Hearing will take place on Tuesday 26 May 2015 from 15.00 to 16.30 in room JAN 6Q2 (Brussels) and will be web-streamed.

ECON 26 May, 16:30 to 17:30: Scrutiny of delegated acts and implementing measures

20-05-2015 - 11:18

The following topics in relation to the Solvency II Directive will be discussed at the scrutiny slot:

-             delegated regulations on third country equivalence that are expected to be adopted soon. The first delegated regulation should cover full equivalence of Switzerland, and the second delegated regulation should cover provisional equivalence in the area of group solvency for Australia, Bermuda, Brazil, Canada, Mexico and the US.

-             a planned delegated act with respect to European Long-Term investment Funds (ELTIF), which will amend the Commission Delegated Regulation on Solvency II regarding risk calibration of ELTIF.

-             the implementing acts on the risk-free interest rate term structures including adjustments.

Latest press releases


Juncker plan: MEPs and ministers strike informal deal to bridge investment gap

ECON BUDG 28-05-2015 - 11:38

A deal struck by MEPs and Council of Ministers negotiators in the small hours of Thursday morning means the architecture of the Juncker plan to unlock €315 billion public and private investments in the real economy in 2015-2017 can now be put to a European Parliament vote on 24 June and the investment programme can kick off in the summer. (Read more)


French finance minister Michel Sapin rejects "clichés about France"

ECON 07-05-2015 - 12:53

"Even though there is some truth in them, France is the victim of clichés", French Finance Minister Michel Sapin told Economic and Monetary Affairs Committee MEPs in an “economic dialogue” meeting at the European Parliament on Thursday morning. Despite what is often said and written, “France is reforming, but reforms require careful negotiation and have to be phased in gently so as to last and avoid social conflict", he added. (Read more)


Updating payment service rules: MEPs do deal with the Council

ECON 05-05-2015 - 18:31

EU rules on payment services would be updated to improve security, widen consumer choice and keep pace with innovation under an informal deal struck by Economic and Monetary Affairs Committee MEPs and the Latvian Presidency of the Council on Tuesday. The updated rules aim to stimulate competition to provide payment services and foster innovative payment methods, especially for online payment services. They still need to be endorsed by Parliament as a whole and the Council. (Read more)

Useful documents

Today's broadcasts

No broadcast today

Multimedia Library

28-05-2015 - 09:11
ECON Meeting
26-05-2015 - 15:07
ECON Meeting

Welcome words

Welcome to the Committee on Economic and Monetary Affairs (ECON). The Committee is responsible for Economic and monetary Union (EMU), the regulation of financial services, the free movement of capital and payments, taxation and competition policies, and the international financial system.

More details

Powers and responsibilities