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07-10-2020

Mairead McGuinness elected as Commissioner for Financial Services, Financial Stability and Capital Markets

The European Parliament has elected Mairead McGuinness as Commissioner for Financial Services, Financial Stability and Capital Markets. The former Vice-President of the EP was given a strong mandate with 583 votes out of a total ballot of 695 going in her favour. 

McGuinness has been a Fine Gael MEP for Midlands-North-West since 2004 and also served as First Vice-President of the Parliament.

The change of portfolio for Commission Executive Vice-President Valdis Dombrovskis, from Latvia, was also approved with 515 in favour, 110 against and 70 abstentions. He has now replaced Phil Hogan as the European Union's Trade Commissioner.

On 2 October, both candidates underwent public hearings in the European Parliament to evaluate their competencies in regard to their specific portfolio. 

Mairead McGuinness was questioned by the European Parliament's ECON committee for three hours, where she expressed her ambition and hope for the portfolio of Financial Services, Financial Stability and Capital Markets in the years to come.

Changes in Commission 2020