European Parliament Committee on Economic and Monetary Affairs

The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system.

Since the establishment of the Economic and Monetary Union (EMU), one of the most important function of this committee has been the oversight of the European Central Bank (ECB) through the "monetary dialogue". Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee.[1] Every three months, the President of the ECB, or occasionally another member of the ECB's executive board, appears before the committee to report on monetary policy and answer question from MEPs. These proceedings, usually called the "monetary dialogue", are webstreamed and a transcript is made available on both the Parliament and ECB websites.[2]

The European Parliament's ECON Committee also plays an advisory role in the appointments of the President and board members of the ECB.[3]

Members of the Bureau

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Position Name Political group Country
Chair Aurore Lalucq S&D France
Vice-chair Damian Boeselager Greens/ALE Germany
Ľudovít Ódor RE Slovakia
Luděk Niedermayer EPP Czechia
Marlena Maląg ECR Poland
Chair Irene Tinagli S&D Italy
1st Vice-chair Luděk Niedermayer EPP Czech Republic
Vice-chair Stéphanie Yon-Courtin Renew Europe France
Derk Jan Eppink ECR Netherlands
José Gusmão GUE/NGL Portugal
Chair Roberto Gualtieri S&D Italy
Vice-chair Brian Hayes EPP Ireland
Peter Simon S&D Germany
Kay Swinburne ECR United Kingdom
Luděk Niedermayer EPP Czech Republic
Seventh legislature
Chair Sharon Bowles ALDE United Kingdom
Vice-chair José Manuel García-Margallo y Marfil EPP Spain
Arlene McCarthy S&D United Kingdom
Theodor Dumitru Stolojan EPP Romania
Edward Scicluna S&D Malta

See also

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References

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Further reading

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