MEPs from the Economic and Monetary Affairs Committee concluded four-day visit (16-19.07) to Washington and New York where they met top officials, regulators and industry representatives.

The ECON Chair Roberto Gualtieri (S&D, IT), who led the delegation, said: “This visit has been an excellent opportunity to reconfirm our commitment to EU-US regulatory cooperation in the area of financial services and to common implementation of global standards. Our interlocutors seem willing and determined to continue and strengthen our work in this area, to ensure stability and growth of financial markets globally.”

 

Delegation meetings

 

The delegation met with Congressmen from the House Financial Services Committee, and top ranking officials, including Jerome POWELL, Chairman, and Randal K. QUARLES, Vice Chairman for Supervision of the US Federal Reserve board, Chairman Christopher GIANCARLO of the CFTC, Jelena MCWILLIAMS, Chairwoman of the FDIC,  and representatives of the Department of the Treasury,.

In New York, Members visited the New York Stock Exchange (NYSE) and met with New York State Department of Financial Services (NYS DFS), academics and industry representatives.

The exchanges concerned transatlantic relations, developments of financial market regulations and taxation, capital markets, banking supervision, FinTech, cyber security, digital currencies and the impact of Brexit on economic developments.

 

Delegation members  

 

  1. Mr Roberto Gualtieri, ECON Chair, S&D
  2. Mr Burkhard Balz, ECON Coordinator, EPP
  3. Ms Pervenche Berès, ECON Coordinator, S&D
  4. Mr Ramon Tremosa i Balcells, ECON Coordinator, ALDE
  5. Mr Andreas Schwab, EPP
  6. Ms Romana Tomc, EPP
  7. Ms Neena Gill, S&D

 

European Parliament ECON committee

The European Parliament Committee on Economic and Monetary Affairs co-writes rules on regulation and supervision of financial services, institutions and markets and for tax and anti-money laundering issues. For more information: http://www.europarl.europa.eu/committees/en/econ/home.html