Stronger EU financial watchdogs to better protect taxpayers and consumers
MEPs will debate and vote on an update to rules to strengthen the EU finance watchdogs, which were set up in 2011 as a result of the financial crisis.
The update would primarily grant new capabilities and powers to the European Securities and Markets Authority, the European Banking Authority, and the European Insurance and Occupational Pensions Authority, allowing them to keep up with new developments in the financial markets sector to protect taxpayers and consumers better.
Notably, the update would grant powers to the European Banking Authority to tackle money laundering and terrorist financing directly.
The debate will take place on Monday evening, with a vote to adopt the rules, already negotiated between Parliament and Council, scheduled for Tuesday.
Procedure: Ordinary legislative procedure
Debate: Monday, 15 April
Vote: Tuesday, 16 April