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What is said in the sittings, update by update, the latest first. Each update opens the video at the second it was said.
Committee on Economic and Monetary Affairs Ordinary meeting
Chair Lalucq opens the voting session with a system test, then guides members through compromise and final votes on the IORP directive mandate and the VAT reverse‑charge report, allowing a short statement by rapporteur Pimpie, before announcing the next ECON meeting dates and closing the sitting.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The committee turns to amendments to its annual ECB report, with rapporteur Aftias and group speakers outlining positions on ECB independence, social and distributional impacts, the digital euro, purchasing power, climate and energy transition, capital markets, unconventional tools and housing, before the rapporteur briefly reacts and points to next steps toward a 2027‑oriented text.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The Chair introduces the own‑initiative report on banking competitiveness, with the rapporteur’s statement highlighting five priorities on Banking Union, ESAs, regulatory simplification, consolidation and innovation, followed by political groups setting out differing views on how to reduce fragmentation and duplication without eroding prudential standards or host‑state protections, and announcing a postponement of the ECON vote.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Doherty, Ecke, Droese, Niedermayer and Regner raise issues around the impact of trilogue delays on launch and strategic autonomy, scope of merchant‑acceptance exemptions, ECB governance and leadership changes, interaction with US sanctions, lessons from Pontes and the ESM tokenisation pilot, and disinformation; ECB representatives stress the minimum implementation lead‑time, argue for broad but proportionate legal tender coverage, reiterate political backing, link wholesale projects to capital markets integration, and call for a post‑legislation information campaign.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Ódor, Boeselager and Tridico probe how the digital euro will ensure a competitive user experience, incentivise PSP participation, remain accessible to those excluded or affected by sanctions, and protect EU actors from extraterritorial US measures; ECB officials describe an ECB app and rulebook‑based UX, co‑badging incentives, inclusiveness goals, preferred DMA/Article 33 solutions, and limits of the digital euro in offsetting dollar‑system dominance, while highlighting potential via a European PSP network and offline functionality.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
MEPs Aftias, Papandreou and Maląg question the ECB on tax evasion, merchant fee reductions, holding and withdrawal limits, bank‑run risks, and whether mandatory acceptance undermines confidence, while Cipollone argues the ECB is not a tax authority, explains the co‑legislators’ role on compensation and caps, defends legal tender status, and stresses expected cost savings and support from merchant organisations.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The ECON Chair opens the meeting, reports on trilogues on the single currency package and introduces ECB Executive Board member Cipollone, who outlines the need for a swift legal framework, the DLT project Pontes, and the planned 2027–2029 pilot for a retail digital euro alongside future banknote redesign and cash‑acceptance rules.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Under a Rule 52 simplified procedure, the Chair presents and confirms without amendment the extension of optional VAT reverse‑charge and quick‑reaction mechanisms until June 2030 pending ViDA implementation, announces referral to the November II plenary, and formally closes the ECON meeting.
Committee on Economic and Monetary Affairs Ordinary meeting
The rapporteur and groups debate the DAC recast’s balance between simplification and tax transparency, including access to beneficial‑ownership and real‑estate data, use of Unshell‑type substance criteria, treatment of Pillar Two groups, anti‑duplication and anti‑gold‑plating clauses, reporting burdens for platforms and SMEs, and future extensions to high‑value movable assets, before the rapporteur stresses protecting member states’ revenues while seeking compromise.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Presentation of the draft ECON report on the ECB and group reactions on inflation control, ECB independence, forecasting and bond‑purchase assessment, interaction with fiscal and green policies, and the digital euro’s necessity, design and safeguards, culminating in the rapporteur’s clarifications on cash coexistence, digital euro caps and tackling inflation and profiteering.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Rapporteur and political groups set out competing visions for reforming PEPP/“Europension”, including its role alongside public and occupational pensions, fee caps, advice and disclosure rules, asset allocation limits, workplace use, gender pension gap measures, tax treatment and EIOPA’s role, with the rapporteur closing on possible compromises and rebranding while underlining Parliament’s responsibility on retirement policy.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Procedural opening of the ECON meeting with adoption of agenda, minutes and coordinators’ decisions, followed by the Chair’s debrief on trilogue states of play for securitisation, the Single Currency Package including the digital euro, SFDR and commercial real estate statistics, outlining provisional agreements, outstanding political issues and next steps.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting Joint meeting Committee on Budgets
DG Costello clarifies that the financed body is an Energy Regulatory Academy, not an agency, involving all 27 member states and hosted at the EUI in Florence to support common implementation of the EU energy acquis via a three‑year, €10 million project; he notes that TSI still supports both single‑country and sub‑national projects but resource constraints drove a reorientation toward larger projects with EU‑wide relevance, and stresses that framework contracts, consortia compositions and contract beneficiaries are publicly available, before the Chair closes the session and thanks the participants.
Committee on Economic and Monetary Affairs Ordinary meeting Joint meeting Committee on Budgets
MEP Hohlmeier asks for clarification on the Energy Regulatory Academy vis‑à‑vis ACER, details on participating member states and purposes, the genuine European added value of multi‑country projects (given past examples she views as local), checks on projects pre‑planned in national budgets and rebranded under RRF, and a breakdown of which consulting firms, including the Big Four, receive TSI technical assistance contracts; MEP Rzońca questions the strategic preference for multinational over local projects given expertise shortages at regional level.
Committee on Economic and Monetary Affairs Ordinary meeting Joint meeting Committee on Budgets
DG Costello explains the drop from €117 million (2025) to €48 million (2026) as driven by staff redeployment to complete the RRF and a policy decision to concentrate resources on larger, cross‑border projects tightly linked to country‑specific recommendations and EU priorities (energy, public and defence procurement); he outlines future technical support via national allocations and the EU Facility, highlights that many TSI projects address labour markets, social protection, health, care, and skills alongside revenue and tax administration reforms, and clarifies that about 26% of 2025 projects used public procurement (often involving consultancies), a share that is declining in favour of indirect management with institutions such as the OECD and World Bank.
Committee on Economic and Monetary Affairs Ordinary meeting Joint meeting Committee on Budgets
MEP Lewandowski questions the impact of the €57 million cut to the 2026 TSI budget on supported actions, the prioritisation of RRF closing tasks, risks for 2027 staff resources, and whether planned technical support in the next MFF will be sufficient for national and regional authorities; MEP Fita welcomes rising demand but asks how social objectives are safeguarded amid potentially conflicting European Semester recommendations and how the TSI avoids becoming a fiscal conditionality tool, and requests data on the share of projects outsourced to private consultancies.
Committee on Economic and Monetary Affairs Ordinary meeting Joint meeting Committee on Budgets
DG Costello presents the 2025 TSI annual report, detailing 900 support requests, 136 selected projects worth €117 million, the dominance of flagship and multi‑country projects, examples on tax/customs modernization and CBAM implementation, extensive use of indirect management via OECD/World Bank, and then explains the institutional merger into SecGen REFORM and the strategic refocusing of the 2026 and 2027 cycles on fewer, larger multi‑country projects including defence procurement, data spaces, e‑waste statistics, grids and renewables, and national development banks, as well as the envisaged shift to the EU Facility and national envelopes for future technical support under the next MFF.
Committee on Economic and Monetary Affairs Ordinary meeting Joint meeting Committee on Budgets
Chair Van Overtveldt opens the joint committee meeting, adopts the agenda, and frames the annual exchange with DG Costello under Article 15 of the TSI Regulation, recalling last year’s debate, recent TSI reports, evaluation findings, and the ECA’s Special Report on RRF support to public administrations, and outlining the speaking and Q&A procedure.
Committee on Economic and Monetary Affairs Ordinary meeting
The monetary dialogue with President Lagarde covers the ECB’s latest rate hike and macro outlook, AI’s impact on productivity and monetary transmission, and multiple Q&A rounds on fiscal energy support, inequality, financial integration and Banking Union, climate‑related inflation and green operations, the cost‑of‑living and housing pressures, debt market risks and AI scenarios, before the Chair closes the session and announces the next dialogue date.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The Committee holds its annual hearing with ESMA, EBA and EIOPA, with the Joint Committee and each authority outlining their priorities on DORA, consumer protection, capital markets and banking simplification, insurance and pension protection gaps, and supervisory convergence, followed by Q&A on gold‑plating, proportionality, home–host tensions, Banking Union safeguards and the future of EU‑level supervision.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The Chair opens the ECON meeting, reports on the latest digital euro and cash legal tender trilogue, and then turns to the own‑initiative report on EU banking competitiveness, where rapporteur and shadow speakers set out priorities and political red lines on Banking Union, EDIS, proportionality, capital levels and simplification before the timetable for amendments and vote is confirmed.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The committee conducts test and secret ballots to approve new ESMA and EBA leadership, then votes on a package of amendments to the 2027 EU draft budget before closing the sitting and announcing the next ECON meeting. This final segment records formal decisions on key financial supervisors and budgetary priorities.
Committee on Economic and Monetary Affairs Ordinary meeting
Rapporteur Boeselager outlines the goals of the IORP review, greater transparency, diversification and simplification, while stressing complementarity with first‑pillar pensions and PEPP. Shadows and the EESC emphasise respecting national occupational schemes, minimum harmonisation, the role of social partners and gender considerations, while rejecting prescriptive investment quotas, setting the parameters for upcoming compromise negotiations.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Rapporteur Yon‑Courtin presents her PEPP 2.0 reform agenda on product design, advice, tax treatment, portability and links to the Savings and Investment Union, followed by political groups and the EESC setting out conditions on costs, supervision, complementarity with public/occupational pensions and sustainable investment orientation. The item closes with procedural details on amendments and the ECON vote, positioning PEPP within the EU’s multi‑pillar pension and retail investment framework.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
MEPs question Whelan on how the draft merger guidelines and existing law apply in practice to resilience, efficiencies, ‘killer acquisitions’, telecom consolidation and post‑trade infrastructure, as well as on state aid volumes, innovation support and crisis frameworks. The exchanges also cover coordination with financial and digital rules (DMA, AI, data access), national competition authorities’ alignment, resource constraints and lessons from past digital mergers, clarifying DG COMP’s enforcement approach and boundaries of future reform.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The chair opens the ECON meeting, presents DG Competition’s new Director‑General and sets the context around revised merger guidelines, state aid reform, digital and AI, followed by Whelan’s detailed outline of the four‑pillar merger framework and parallel state aid modernisation work. This segment frames the legal basis, policy priorities and adoption timetable that structure the subsequent Q&A with MEPs.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
Following the formal launch of the EBA Executive Director appointment procedure and Thomas Tschechner’s presentation of priorities, MEPs press him on completing the single market and Banking Union (including EDIS), implementing DORA, ensuring proportionality and protection for host countries, reducing reporting burdens for SNCIs, and safeguarding EU and global competitiveness, after which he reiterates his focus on streamlining work, risk‑based prioritisation and non‑deregulatory simplification ahead of the ECON and plenary votes.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
MEPs question Comporti on the centralisation of supervision from NCAs to ESMA, treatment of smaller markets and SMEs, sequencing of new ESMA powers, competitiveness versus investor protection, and the risks and opportunities of digital finance, tokenisation and AI, with Comporti detailing phased transfers, stronger supervisory convergence, proportionality, simplification without deregulation, and ESMA’s role in managing technological change before closing with his commitments to Parliament.
In this chapter
Chair Tinagli opens the ECON meeting, outlines the legal basis and procedure for the ESMA Chair appointment, and introduces Council’s candidate Carlo Comporti, who details his supervisory background and sets out strategic priorities for ESMA on supervisory convergence, innovation, burden reduction, sustainable finance and ESMA’s role in Capital Markets Union and global standard‑setting.
In this chapter
Committee on Economic and Monetary Affairs Ordinary meeting
The acting ECON Chair opens the meeting, sets out the legal basis and procedure for Parliament’s role in appointing ESMA’s Chair, and Carlo Comporti presents his professional background along with his strategic vision for ESMA focused on agile, data‑driven and convergent supervision aligned with the EU’s broader agenda.
In this chapter
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