European Parliament Committee on Economic and Monetary Affairs


The Committee on Economic and Monetary Affairs 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, one of the most important function of this committee has been the oversight of the European Central Bank 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. 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.
The European Parliament's ECON Committee also plays an advisory role in the appointments of the President and board members of the ECB.

9th Legislature

Members of the bureau:
PositionNamePolitical GroupCountry
ChairIrene TinagliS&D
1st Vice-chairLuděk NiedermayerEPP
Vice-chairStéphanie Yon-CourtinRenew Europe
Vice-chairDerk Jan EppinkECR
Vice-chairJosé GusmãoGUE/NGL

8th legislature">8th European Parliament">8th legislature

Members of the bureau

PositionNamePolitical GroupCountry
ChairRoberto GualtieriS&D
Vice-chairBrian HayesEPP
Vice-chairPeter SimonS&D
Vice-chairKay SwinburneECR
Vice-chairLuděk NiedermayerEPP

7th legislature">7th European Parliament">7th legislature

Members

NamePosition
Sharon BowlesChair
José Manuel García-Margallo y MarfilVice-chair
Arlene McCarthyVice-chair
Theodor Dumitru StolojanVice-chair
Edward SciclunaVice-chair