The constitutive meetings of the European Parliament's standing committees and subcommittees take place in Brussels on 10 July 2019, following the appointment of their members in the plenary sitting of 3-4 July. During the meetings, each committee and subcommittee will elect its respective bureau, made up of a Chair and Vice-Chairs, for a two-and-a-half year mandate. The newly set up committees will then start holding their regular meetings during the week of 22 July.

ECON - Committee on Economic and Monetary Affairs

The President of the European Central Bank (ECB) takes part four times a year in a monetary dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON) to report on monetary policy and answer question from MEPs.&nbsp;Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee.

The European Central Bank is the central institution of the Economic and Monetary Union and has been responsible for conducting monetary policy for the euro area since 1 January 1999 The ECB and the national central banks of all EU Member States constitute the European System of Central Banks.

Monetary dialogue

Paolo Gentiloni, born on 22 November 1954 in Rome, is an Italian politician.

After the hearing by the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, the committee prepares an evaluation letter on the candidate. Parliament is expected to vote on the new Commission as a whole on 23 October.

Hearing of Paolo GENTILONI, Commissioner-designate, Economy

Margrethe Vestager, born in 13 April 1968 in Glostrup, is a Danish politician.

After the hearing by the Committee on Industry, Research and Energy (ITRE), the Committee on Internal Market and Consumer Protection (IMCO), and the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, the committees prepare an evaluation letter on the candidate. Parliament is expected to vote on the new Commission as a whole on 23 October.

Hearing of Margrethe VESTAGER, Executive Vice-President-designate, A Europe

Marcos ALONSO ALONSO, Ambassador Permanent Representative of Spain to the European Union  meets with ECON Chair Irene TINAGLI

ECON Committee - Exchange of views with Mariana Kotzeva, Director-General of Eurostat

Plenary session

Committee on Economic and Monetary Affairs - Monetary Dialogue Preparatory Meeting

Committee on Economic and Monetary Affairs

To provide legal certainty to business and citizens, the Commission has proposed a directive laying down rules on corporate due diligence obligations. According to the new rules, companies will be required to prevent, end or mitigate the negative impact that their activities have on human rights and the environment, such as on child labour, slavery, pollution or biodiversity loss. Opening statements by Lara WOLTERS (S&D, NL), Rapporteur; Raphaël GLUCKSMANN (S&D, FR), AFET; Barry ANDREWS (Renew, IE), INTA; René REPASI (S&D, DE), ECON; Samira RAFAELA (Renew, NL), EMPL; Tiemo WÖLKEN (S&D, DE), ENVI; by Didier REYNDERS, European Commissioner for Justice and by Ilan DE BASSO (S&D, SE), DEVE and Deirdre CLUNE (EPP, IE), IMCO. This transcription is a result of an automatic process. Please check against delivery.

Corporate Sustainability Due Diligence: opening statements by Lara WOLTERS; Raphaël GLUCKSMANN; Barry ANDREWS; René REPASI; Samira RAFAELA; Tiemo WÖLKEN; by Didier REYNDERS, EC for Justice; and by Ilan DE BASSO and and Deirdre CLUNE

MEPs debate on the reform of Emissions Trading System including for aviation and the maritime sector, the Carbon Border Adjustment Mechanism and a new Social Climate fund. In particular, during the debate they discuss deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package”. This is the EU’s plan to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels in line with the European Climate Law. Statements by Evin INCIR (S&D,SE), DEVE Committee, Damien CARÊME (Greens/EFA, FR), Henrike HAHN (Greens/EFA, DE), ECON Committee, Andrey NOVAKOV (EPP, BG), Leila CHAIBI (The Left, FR), Jan-Christoph OETJEN (Renew, DE); TRAN Committee, Tom BERENDSEN (EPP, NL), REGI Committee; Zbigniew KUŹMIUK (ECR, PL), AGRI Committee.

Joint debate - Fit for 55: remarks by Evin INCIR (S&D,SE), Damien CARÊME (Greens/EFA, FR), Henrike HAHN (Greens/EFA, DE), Andrey NOVAKOV (EPP, BG), Leila CHAIBI (The Left, FR), Jan-Christoph OETJEN, Tom BERENDSEN (EPP, NL), Zbigniew KUŹMIUK (ECR, PL)

MEPs from the Economic and Monetary Affairs (ECON) Committee exchange with Andrea ENRIA, Chair of the Supervisory Board of the ECB and by Jose Manuel CAMPA, Chair of the European Banking Authority (EBA) on the failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe. Opening statements by Andrea ENRIA, Chair of the Supervisory Board of the ECB and by Jose Manuel CAMPA, Chair of the European Banking Authority (EBA).

Exchange of views on the failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe: opening by Irene TINAGLI (S&D, IT) and statements by Andrea ENRIA (ECB) and by Jose Manuel CAMPA (EBA)

MEPs from the Economic and Monetary Affairs (ECON) Committee exchange with Andrea ENRIA, Chair of the Supervisory Board of the ECB and by Jose Manuel CAMPA, Chair of the European Banking Authority (EBA) on the failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe. Extracts from the exchange of views.

Failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe: extracts from the exchange of views

MEPs in the Economic and Monetary Affairs Committee (ECON) quiz European Central Bank President Christine Lagarde on the bank’s measures against the current environment, marked by high uncertainty and strong inflationary pressures. Second part of the questions and answers session.

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: questions and answers (part 2)

MEPs in the Economic and Monetary Affairs Committee (ECON) quiz European Central Bank President Christine Lagarde on the bank’s measures against the current environment, marked by high uncertainty and strong inflationary pressures.

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ECON - Committee on Economic and Monetary Affairs

Monetary dialogue

Hearing of Paolo GENTILONI, Commissioner-designate, Economy

Hearing of Margrethe VESTAGER, Executive Vice-President-designate, A Europe

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Corporate Sustainability Due Diligence: opening statements by Lara WOLTERS; Raphaël GLUCKSMANN; Barry ANDREWS; René REPASI; Samira RAFAELA; Tiemo WÖLKEN; by Didier REYNDERS, EC for Justice; and by Ilan DE BASSO and and Deirdre CLUNE

Joint debate - Fit for 55: remarks by Evin INCIR (S&D,SE), Damien CARÊME (Greens/EFA, FR), Henrike HAHN (Greens/EFA, DE), Andrey NOVAKOV (EPP, BG), Leila CHAIBI (The Left, FR), Jan-Christoph OETJEN, Tom BERENDSEN (EPP, NL), Zbigniew KUŹMIUK (ECR, PL)

Exchange of views on the failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe: opening by Irene TINAGLI (S&D, IT) and statements by Andrea ENRIA (ECB) and by Jose Manuel CAMPA (EBA)

Failure of the Silicon Valley Bank (SVB) and the implications for financial stability in Europe: extracts from the exchange of views

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: questions and answers (part 2)

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: questions and answers (part 1)

Photos (6394)

Marcos ALONSO ALONSO, Ambassador Permanent Representative of Spain to the European Union meets with ECON Chair Irene TINAGLI

ECON Committee - Exchange of views with Mariana Kotzeva, Director-General of Eurostat

ECON Committee - Exchange of views with Mariana Kotzeva, Director-General of Eurostat

ECON Committee - Exchange of views with Mariana Kotzeva, Director-General of Eurostat

ECON Committee - Exchange of views with Mariana Kotzeva, Director-General of Eurostat

ECON Committee - Exchange of views with Mariana Kotzeva, Director-General of Eurostat