Baile

 
Nuacht is déanaí
 
November 2014

► The next ECON Committee meetings:   
  Monday, 1 December from 15:00-18:30
  Tuesday, 2 December from 09:00-12:30 and 15:00-18:30
 
Latest study and briefings:
 
► Reports voted in ECON (provisional versions)
In order to increase the public awareness of the reports and final texts voted in ECON, provisional versions are available to the public in Reports voted in ECON / final texts agreed with Council until the on-line publication in Documents : Reports or in Plenary.

   
 
Mórscéalta
 
Public hearing on Bank Structural Reform

The ECON Committee will hold a public hearing on Bank Structural Reform.
The hearing will have two sessions :
  • Are large universal banks inherently risky?
  • What are the consequences of different options for structural reform?
 
The aim of the Hearing is to listen to views of experts on the issues around the Commission's proposal for a regulation on structural measures improving the resilience of EU Credit Institutions (2014/0020(COD)).
 
 
Tuesday, 2 December from 16:30 to 18:30, room JAN 4Q2
 

 
Tuilleadh faisnéise
 
 
Preasráitis is déanaí
Féach an uile  
ECON 17-12-2014 - 19:02  

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across in the EU following a deal struck by Economic and Monetary Affairs Committee and Council negotiators on Wednesday. The cap would apply to both cross-border and domestic card-based payments and should result in lower costs for consumers.

LIBE ECON 17-12-2014 - 09:47  

The ultimate owners of companies would have to be listed in central registers in EU countries, accessible to people with a "legitimate interest", such as investigative journalists and other concerned citizens, under a deal struck by Parliament and Council negotiators on a draft EU anti-money laundering directive on Tuesday. The rules would also require banks, auditors, lawyers, real estate agents and casinos, among others, to be more vigilant about suspicious transactions made by their clients.

ECON 08-12-2014 - 18:42  

Candidate Chair of the EU Single Resolution Board (SRB) Ms Elke König (DE), was quizzed by Parliament's Economic and Monetary Affairs Committee at a public hearing on Monday. Ms König and five other candidates for Board positions were nominated by the European Commission on Friday 5 December.

ECON 02-12-2014 - 15:05  

Commissioner Pierre Moscovici was asked to account for the European Commission’s decision to give France, Italy and Belgium more time to hit Eurozone budgetary targets by Economic and Monetary Affairs Committee MEPs on Tuesday. MEPs urged that budget plan deadlines should be met and that criteria for applying rules more flexibly to some EU member states than others should be clear and detailed.

ECON 27-11-2014 - 09:46  

A negotiating team led by Alain Lamassoure (EPP, FR) struck a political deal with the Council and the Commission on European Long Term Investment Funds (ELTIFs) on Wednesday evening. These funds should boost non-bank financing for projects that deliver infrastructure, intellectual property or research results which benefit the real economy and society.

Powers and responsibilities
 
Committee responsible for:
1. the economic and monetary policies of the Union, the functioning of Economic and Monetary Union and the European monetary and financial system (including relations with the relevant institutions or organisations);
2. the free movement of capital and payments (cross-border payments, single payment area, balance of payments, capital movements and borrowing and lending policy, control of movements of capital originating in third countries, measures to encourage the export of the Union's capital);
3. the international monetary and financial system (including relations with financial and monetary institutions and organisations);
4. rules on competition and State or public aid;
5. tax provisions;
6. the regulation and supervision of financial services, institutions and markets including financial reporting, auditing, accounting rules, corporate governance and other company law matters specifically concerning financial services;
7. the relevant financial activities of the European Investment Bank as part of European economic governance in the eurozone.
 
Craoltaí an lae inniu
 
Níl aon chraoladh ann inniu  
Leabharlann Ilmheán
 
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.
The 7th legislature was marked by the most serious economic, financial and social crisis of recent times. The ECON Committee played a decisive role in the adoption of legislation responding to the crisis and took on an increased workload of scrutiny and reports. Consequently the Parliament decided to enlarge the Committee from 50 to 61 Members.
Our top priority today is growth and jobs. Stability, the promotion of investment, reform and social cohesion must be mutually reinforcing. ECON will promote a serious debate on this agenda.
I am convinced that we must move now towards a genuine EMU with an effective economic government, accountable to Parliament.
We need to complete key legislation on banking reform, financial crime and promoting investment in long-term growth-related projects.
We also have to ensure that the new regulatory framework is properly implemented and reviewed, and will monitor closely the Commission and the European Supervisory Authorities. A well regulated and functioning capital market is key to growth.
Finally, the Committee will join the efforts to strengthen democratic legitimacy on the basis of the Community method. A deep and genuine EMU must be a democratic EMU. The Committee will therefore strengthen its cooperation with National Parliaments.