Financial regulations and legislation

2.2.2023

Question for written answer  E-000330/2023
to the Commission
Rule 138
Chris MacManus (The Left)

The Commission has recently proposed a raft of changes to financial regulations and legislation, citing COVID-19 and the war in Ukraine as reasons. In most cases, these changes could be said to amount to a step backwards towards light-touch regulation or even deregulation.

• 1.Does the Commission accept that its measures purportedly to help economic recovery could be interpreted as aiding a slide back towards light-touch regulation or even deregulation?
• 2.What safeguards are in place to prevent the financial industry from exerting excessive influence on the Commission when designing these measures?

Submitted: 2.2.2023