European Commissioner for Financial Stability, Financial Services and the Capital Markets Union
December 07, 2023
The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union is the member of the European Commission responsible for banking and finance. The current officeholder is Mairead McGuinness.[1]
European Commissioner for Financial Stability, Financial Services and the Capital Markets Union
The post is responsible for the ensuring that financial markets are properly regulated and supervised so that they are stable, competitive and transparent, at the service of jobs and growth. This includes the full implementation of the Banking Union. They are also responsible for establishing a Capital Markets Union by 2019 for all 28 Member States of the EU,[4][5] and maximising the benefits of capital markets and non-bank financial institutions for the rest of the economy, and in particular SMEs.
In addition, the post is responsible for proposing measures to make financial services work better for consumers and retail investors, and promoting global consistency in regulation and the implementation of agreed standards and principles in cooperation with international partners.[6]
^ ab"Mairead McGuinness named as Ireland's European commissioner, given 'important financial portfolio'". The Irish Times. 8 September 2020. Retrieved 8 September 2020.
^REGULATION No 422/67/EEC, 5/67/EURATOM OF THE COUNCIL, EurLex
^Base salary of grade 16, third step is €17,697.68: European Commission: Officials' salaries – accessed 19 March 2010
^European Commission, Capital markets union action plan, accessed 9 May 2018
^Vértesy, László (2019). "The legal and regulatory aspects of the free movement of capital - towards the Capital Markets Union". Journal of Legal Theory HU (4): 110–128. ISSN 1588-080X.
^European Commission: Commissioner Jonathan Hill, European Commission November 2014
External linksedit
Hill's website
DG website
December 07, 2023
european, commissioner, financial, stability, financial, services, capital, markets, union, member, european, commission, responsible, banking, finance, current, officeholder, mairead, mcguinness, incumbentmairead, mcguinness, since, september, 2020appointerpr. The European Commissioner for Financial Stability Financial Services and the Capital Markets Union is the member of the European Commission responsible for banking and finance The current officeholder is Mairead McGuinness 1 European Commissioner for Financial Stability Financial Services and the Capital Markets UnionIncumbentMairead McGuinness 1 since 8 September 2020AppointerPresident of the European CommissionTerm lengthFive yearsSalary 19 909 89 per month 2 3 WebsiteEuropean Commission Contents 1 Responsibilities 2 List of Commissioners 3 See also 4 References 5 External linksResponsibilities editThe post is responsible for the ensuring that financial markets are properly regulated and supervised so that they are stable competitive and transparent at the service of jobs and growth This includes the full implementation of the Banking Union They are also responsible for establishing a Capital Markets Union by 2019 for all 28 Member States of the EU 4 5 and maximising the benefits of capital markets and non bank financial institutions for the rest of the economy and in particular SMEs In addition the post is responsible for proposing measures to make financial services work better for consumers and retail investors and promoting global consistency in regulation and the implementation of agreed standards and principles in cooperation with international partners 6 List of Commissioners editName Country Period Commission Portfolio actual name nbsp Christopher Tugendhat nbsp United Kingdom 1977 1981 Jenkins Commission Budget and Financial Control Financial Institutions1981 1985 Thorn Commission Budget and Financial Control Financial Institutions and Taxation vice president nbsp Henning Christophersen nbsp Denmark 1985 1989 Delors Commission I Budget financial control personnel and administration nbsp Abel Matutes nbsp Spain 1986 1989 Credit investments financial instruments and small amp medium sized enterprises nbsp Sir Leon Brittan nbsp United Kingdom 1989 1992 Delors Commission II Competition and financial institutions vice president Peter Schmidhuber nbsp Germany 1993 1994 Delors Commission III Budget financial control and the cohesion fundAnita Gradin nbsp Sweden 1995 1999 Santer Commission Immigration Justice amp Home Affairs Financial Control Anti fraud and Relations with the European Ombudsman nbsp Charlie McCreevy nbsp Ireland 2004 2010 Barroso Commission I Internal Market and Services nbsp Michel Barnier nbsp France 2010 2014 Barroso Commission II Internal Market and Services nbsp Lord Hill of Oareford nbsp United Kingdom 2014 2016 Juncker Commission Financial Stability Financial Services and Capital Markets Union nbsp Valdis Dombrovskis nbsp Latvia 2016 2019 Juncker Commission Euro and Social Dialogue and Financial Stability Financial Services and Capital Markets Union vice president 2019 2020 Von der Leyen Commission Financial Markets nbsp Mairead McGuinness nbsp Ireland 2020 present Von der Leyen Commission Financial Stability Financial Services and Capital Markets UnionSee also editEconomy of the European Union Capital Markets Union Eurozone amp Euro European Central Bank European Union Budget OLAF European Court of Auditors Directorate General for Economic and Financial AffairsReferences edit a b Mairead McGuinness named as Ireland s European commissioner given important financial portfolio The Irish Times 8 September 2020 Retrieved 8 September 2020 REGULATION No 422 67 EEC 5 67 EURATOM OF THE COUNCIL EurLex Base salary of grade 16 third step is 17 697 68 European Commission Officials salaries accessed 19 March 2010 European Commission Capital markets union action plan accessed 9 May 2018 Vertesy Laszlo 2019 The legal and regulatory aspects of the free movement of capital towards the Capital Markets Union Journal of Legal Theory HU 4 110 128 ISSN 1588 080X European Commission Commissioner Jonathan Hill European Commission November 2014External links editHill s website DG website Retrieved from https en wikipedia org w index php title European Commissioner for Financial Stability Financial Services and the Capital Markets Union amp oldid 1185092532, wikipedia, wiki, book, books, library,
