Ausschuss für Wirtschaft und Währung

On 28th October, 09:15 – 10:45, the European Court of Auditors (ECA) presented its "Special Report 22/2021: Sustainable finance: More consistent EU action needed to redirect finance towards sustainable investment", which was published on 20 September 2021.

In the framework of the European Gender Equality Week, ECON held a public hearing on the following: “The consequences of the pandemic on women and how the recovery can be designed to protect women and promote gender equality: Promotion of gender equality, equal opportunities for all and the mainstreaming of those objectives in the RRF/NRPs?”.

On 26th October, 16:15-17:15, ECON Members held an exchange of views with Sven Gentner, Head of the Asset Management unit (FISMA.C.4) in the European Commission, and Fausto Parente, Executive Director of EIOPA. The dialogue focused on the recently adopted Delegated Regulation under the PRIIPs Regulation (EU) No 1286/2014, which amends the provisions of Regulation (EU) 2017/653 on the contents of Key Information Documents (KIDs).

On 14 October from 10:00 to 12:00, the ECON Members held the annual hearing with the Chairpersons of the ESAs, in accordance with Article 3 of the EBA, EIOPA and ESMA Regulations.

At the ECON committee meeting on Thursday 14 October 2021 at 9:00, the second ordinary public hearing this year in the framework of the Single Supervisory Mechanism (SSM) took place with Mr Andrea Enria, Chair of the Supervisory Board of the ECB.

On 30 September from 09.00 to 10.00, ECON Members held an exchange of views with the candidate selected for the position of Chairperson of the European Securities and Markets Authority (ESMA), Verena Ross. The vote in ECON on the appointment took place on the same day with the following results: 46 votes in favour, 6 against and 5 abstentions. The Council has informed Parliament that it would appoint Ms Ross, if confirmed by Parliament.

On 27 September, 13:45 – 15:45, the ECON Committee had an exchange of views with the ECB President. This was the third Monetary Dialogue this year.

The Taxonomy Regulation is part of the EU strategy for sustainable finance and aims at redirecting capital flows to help generate sustainable and inclusive growth. Under the regulation, the Commission is obliged to define technical screening criteria for each environmental objective through delegated acts, to which the EP can object.