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
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central b ...
, and the international financial system.
Since the establishment of the
Economic and Monetary Union
An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic ...
(EMU), one of the most important function of this committee has been the oversight of the
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central b ...
(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. Every three months, the
President
President most commonly refers to:
*President (corporate title)
*President (education), a leader of a college or university
*President (government title)
President may also refer to:
Automobiles
* Nissan President, a 1966–2010 Japanese ful ...
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.
Ninth legislature
Members of the bureau
Eighth legislature
Members of the bureau
Seventh legislature
Members of the bureau
See also
*
List of acronyms: European sovereign-debt crisis
References
Further reading
*
Pdf.*
*European Parliament (2014).
Monetary Dialogue 2009-2014: Looking Backward, Looking Forward.
External links
Official HomepageAppointment of ECON Committee Chair and Vice-chairs in 2009
Economic
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the p ...
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