The multiannual financial framework is essentially the European Union’s long-term budget plan. It sets the spending priorities and limits for the EU for several years, ensuring that the EU’s financial resources are in line with its political and economic goals. The multiannual financial framework sets out the structure for annual budgets and helps balance the competing interests of EU countries.
It allocates financial resources across a variety of areas, including funding for less developed regions, subsidies and rural development, humanitarian aid and investments in the green and digital transitions, and in EU foreign policy.

The Multiannual Financial Framework

Recent shocks have shown not only how vulnerable to crises the single market is, but also the extent to which the EU economy relies on a well-functioning single market. To protect it, the European Commission put forward a single market emergency instrument (SMEI) package. The main proposal establishes measures for contingency planning, such as an early warning system. If a wide-ranging crisis hits the single market, an 'emergency mode' could be triggered.

EPRS podcast policy - Protecting the single market in future crises

EP Plenary session - Joint debate - Markets in financial instruments regulations

EP Plenary session - The failure of the Silicon Valley Bank and the implications for financial stability in Europe

EP plenary session - International Financial Reporting Standards: IFRS 17 Insurance Contracts

Antonio TAJANI - EP President meets with Michael BLOOMBERG, UN Special Envoy for Cities and Climate Change and WHO Global Ambassador for Non-communicable Diseases

ECON - Public hearing with the Chair of the ECB supervisory board

Commissioner Tonio BORG in charge of Health and Consumer Policy

Plenary chamber during session week 11 2014 in Strasbourg - European System of Financial Supervision review

MEPs vote on the following subjects: Implementation report on Regulation (EC) No 1924/2006 on nutrition and health claims made on foods - Metz; Protection of the European Union’s financial interests - combating fraud - annual report 2022 - Grapini; Shaping the EU’s position on the UN binding instrument on business and human rights, in particular on access to remedy and the protection of victims - Hautala; Impact of illegal fishing on food security – the role of the European Union - Melo;

Voting Session - Part 1

MEPs vote on: the status of third-country nationals who are long-term residents (recast) - Damian BOESELAGER (Greens/EFA, DE); Markets in Crypto-assets, and amending Directive (EU) 2019/1937 - Stefan BERGER (EPP, DE); Information accompanying transfers of funds and certain crypto-assets - Ernest URTASUN (Greens/EFA, ES) and Assita KANKO (ECR, BE); Parliament's estimates of revenue and expenditure for the financial year 2024 - Nils UŠAKOVS (S&D, LV); Universal decriminalisation of homosexuality in light of recent developments in Uganda.

Voting session (part 3)

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

Silicon Valley Bank (SB) was shut down on Friday 10th March 2023. This was the largest failure of a US bank since the financial crisis in 2008. MEPs request a debate on the implications of the failure and the impcations for financial stability in Europe. Extracts from the debate. The transcription is the result of an automatic process. Please, check against delivery.

The failure of the Silicon Valley Bank and the implications for financial stability in Europe: extracts from the debate

EPRS identifies and frames some of the top key issues that might feature prominently in public debate and on the political agenda of the European Union this year. In times of crises and war, what are the challenges we must face and choices we have to make? Restrictions: ©The material may not be edited and must be shown entirely.

EPRS - EU recovery instrument

MEPs debate on national vetoes to undermine the global tax deal in the plenary session in Brussels.

National vetoes to undermine the global tax deal: MEPs debate

Silicon Valley Bank (SB) was shut down on Friday 10th March 2023. This was the largest failure of a US bank since the financial crisis in 2008. MEPs request a debate on the implications of the failure and the impcations for financial stability in Europe. Closing statement by Mairead MCGUINNESS, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union. The transcription is the result of an automatic process. Please check against delivery.

The failure of the Silicon Valley Bank and the implications for financial stability in Europe: closing statements by Mairead MCGUINNESS, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union

financial supervision (T)

Videos

Photos

Photosets

Audios

Media published for this tag

36

Videos

6

Photosets

2

Audios

119

Photos