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]

Tenth Legislature

Members of the Bureau

Position	Name	Political group	Country
Chair	Aurore Lalucq	S&D	France
Vice-chair	Damian Boeselager	Greens/ALE	Germany
Vice-chair	Ľudovít Ódor	RE	Slovakia
Vice-chair	Luděk Niedermayer	EPP	Czechia
Vice-chair	Marlena Maląg	ECR	Poland

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

• List of acronyms: European sovereign-debt crisis

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

• Bouwen, Pieter (December 2003). "A theoretical and empirical study of corporate lobbying in the European Parliament". European Integration Online Papers. 7. Pdf.
• Bouwen, Pieter (September 2004). "The logic of access to the European Parliament: business lobbying in the Committee on Economic and Monetary Affairs". Journal of Common Market Studies. 42 (3): 473–495. doi:10.1111/j.0021-9886.2004.00515.x. S2CID 154841544.
• European Parliament (2014). "Monetary Dialogue 2009-2014: Looking Backward, Looking Forward."

External links

• Official Homepage
• Appointment of ECON Committee Chair and Vice-chairs in 2009
• Members of the ECON Committee from the European Parliament ECON Committee website