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]

Ninth legislature

Members of the bureau

Position Name Political Group Country
Chair Irene Tinagli S&D  Italy
1st Vice-chair Luděk Niedermayer EPP  Czech Republic
Vice-chair Stéphanie Yon-Courtin Renew Europe  France
Vice-chair Derk Jan Eppink ECR  Netherlands
Vice-chair José Gusmão GUE/NGL  Portugal

Eighth legislature

Members of the bureau

Position Name Political Group Country
Chair Roberto Gualtieri S&D  Italy
Vice-chair Brian Hayes EPP  Ireland
Vice-chair Peter Simon S&D  Germany
Vice-chair Kay Swinburne ECR  United Kingdom
Vice-chair Luděk Niedermayer EPP  Czech Republic

Seventh legislature

Members of the bureau

Name Position
Sharon Bowles Chair
José Manuel García-Margallo y Marfil Vice-chair
Arlene McCarthy Vice-chair
Theodor Dumitru Stolojan Vice-chair
Edward Scicluna Vice-chair

See also

References

  1. ↑ Piotr Skolimowski (April 2019). "ECB Needs More Scrutiny From European Parliament, Report Says". www.bloomberg.com. Retrieved 2019-10-06.
  2. ↑ "Monetary Dialogue 2009-2014: Looking Backward, Looking Forward, Monetary Dialogue, March 2014 - Think Tank". www.europarl.europa.eu. Retrieved 2019-10-06.
  3. ↑ "European Central Bank appointments: Role of the European Parliament - Think Tank". www.europarl.europa.eu. Retrieved 2019-10-06.

Further reading


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