The European Parliament’s Economic and Monetary Affairs covers a significant part of the European Parliament's workload, such as monetary policies, economic governance, regulation of financial services, and the free movement of capital and payments.
In the wake of the Eurozone crisis, ECR MEPs are supporting stronger banking systems to ensure that investors and taxpayers are properly protected. We need to know where the risks are within the system. But we also need reforms which do not discourage investment or innovation, and which do not undermine Europe’s competitiveness. We are thoroughly evaluating the EU Bank Structural Reform regulation to establish whether or not the problem of ‘Too Big to Fail’ banks has sufficiently been addressed.
The single market in financial services is of great importance to businesses and consumers and to the financial well-being of the European economy as a whole. Creating a free market in financial services is a high priority to the ECR, whether to enable free movement of capital within the EU or to hold market operators to standards which investors and counter parties can trust.
ECR Members of the ECON Committee:
MAIN ECR PRIORITIES
The Economic and Monetary Affairs Committee, often known as ECON, covers a very significant part of the European Parliament’s workload. Its remit covers the following areas:
- Monetary policy and economic governance
- Regulation of financial services
- Free movement of capital and payments