Committee on Economic and Monetary Affairs Ordinary meeting

Name: Committee on Economic and Monetary Affairs Ordinary meeting
Uploaded: 2026-07-15T10:30:00+00:00
Duration: 1874 s

00:00 - 01:31

Speaker 1

Included some additional, some new anti-fraud checks. And I think that it will be important for us to talk with the EBA so that they are consistent with the AML one, we are not duplicating requirements. But cooperation here is of essence, and the AFA report, the AFA architecture is an example. Of course, we are here to play our part and to do our best. But I think that cooperation is not only between public authorities, it should be also between public and private.

And this is, and so I think that private and public exchange of information through public-private partnerships will be really important also, also to detect fraud. Exchange of information, I think the problem here is not too much exchange of information, but rather the opposite, because of privacy reasons. And I think that we have to try to find the right balance between protecting privacy but also ensuring that there is a good exchange of information. And this is for instance something that we are doing, we are right now, we are engaging with the European Data Protection Authorities, for instance to deliver joint guidelines on private-public partnerships, which I think it's really important so that we get the right balance right.

01:31 - 01:36

Dear colleagues, please show respect just a couple of minutes to our speaker.

01:36 - 03:33

Speaker 1

Okay, that's it. And I have a couple of words to say, am I allowed to take two minutes of your time? Okay. So thank you, just to say thank you so much for your questions. I hope that I've been able to address them and that I leave you today with a clear picture of where we are.

Since, you know, since last I appeared before you in December, we indeed made many meaningful progresses because, yeah, we are building the authority, we are delivering substantive work. But I just also wanted to say that none of this would have been possible without the hard work of AMLA staff, whom I'd like to publicly thanks, thank. And the same holds true for the FIUs and national authorities. Okay, because their commitment is extends beyond the general board, they are making resources available to AMLA and all of this is really, really key. Challenges.

I think I've been candid about the challenges and about the fact that overcoming them will take time. And this is not something that AMLA can do alone, so I really do think that our success still continues to depend on close cooperation with all our partners. And most importantly with you, with this Parliament, to which I remain fully accountable. AMLA will continue to invest in these relationship, to listen, to engage, so that together we can build an AML-CFT system which is in every part consistent and effective. Thank you, thank you very much.

03:33 - 04:22

Speaker 2

Thank you. Thank you so much, dear Bruna. Thank you to the Vice-Chair of the LIBE Committee. As you witnessed, there were a lot of questions from the ECON and LIBE Committee because AMLA is very close to our heart and your mission is very important. So thank you also to the AMLA staff.

I mean, I think you made a quite a job in one year and we have a lot of expectation and high expectation coming from you, a lot of pressure on your shoulders. But thank you so much for today's exchange of views. Thank you so much and thank you to all of you, to the Vice-Chair of the LIBE Committee and to the members of the LIBE Committee. Thank you.

04:22 - 05:15

Speaker 3

Thanks to you.

05:15 - 05:39

Speaker 2

So, dear colleagues, we will start today's meeting with the adoption of the agenda. If there is no objection, the agenda is adopted. Interpretation is available today in 12 languages. The minutes of the meetings of April 8 and 9 and April 14 have been circulated. If there is no objection, the minutes are adopted.

05:39 - 15:25

Aurore Lalucq

Report on ongoing inter-institutional negotiation. The second trilogue on the securitisation package, which covers amendment to Capital Requirements Regulation and the Securitisation Regulation, was held on Tuesday, July 7. It focused on selected political topics in the Securitisation Regulation. These included due diligence and risk retention waivers where the first loss tranche is granted, sanctions to institutional investor, funded credit protection and the undertaking for collective investment in transferable securities single issue investment limits. These topics were partly mandated to the technical level.

The next trilogue is scheduled to take place on Tuesday, September 29. The first trilogue on the single currency package, which covers the regulation on the establishment of digital euro, provision of digital euro services by payment services provider incorporated in Member States whose currency is not the euro and legal tender of euro banknotes and coins, was held on Monday, 13 July 2026. It focused on an exchange of views on the main political issues, inter alia legal tender and distribution of digital euro, limits to digital euro transactions and holdings, compensation model, AML, offline transaction and mandatory acceptance of cash and exception. There was no agreement yet on specific topics, but many identified issues were delegated to the technical level.

The next trilogue is scheduled to take place on September 10, 2026. We now pass on to agenda item 5, the vote on the file which form part of the economic governance simplification package. Rapporteurs are Markus Ferber and Carla Tavares and we will start maybe with a test vote. The vote is open. And the vote is closed.

Okay, everything is working well, so we will begin with the vote on the two provisional agreements resulting for the trilogue. We will first vote on the provisional agreement EU economic governance framework and further simplification of that framework by roll-call vote. The vote is open. And I close the vote. And it is adopted with 42 in favor, 7 against and 7 abstentions.

Congratulations to the rapporteur. We will continue with the vote on the provisional agreement as regards the economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulty with respect to their financial stability by roll-call vote. I open the vote. And I close the vote. And it is adopted.

Congratulations to the rapporteur. We will now continue with the vote on the third file, the draft recommendation as regards funding arrangement and the use of a diversified funding strategy by roll-call. I open the vote. And I close the vote. And it is adopted.

Congratulations to the rapporteur. Okay, so we now pass onto agenda item 6 regarding the vote on the proposal for a regulation on non-financial commercial real estate statistics by showing of hands. Compromise A, who is in favor? Who is against? Who abstains?

Adopted. Compromise B, who is in favor? Who is against? Who abstains? Adopted.

Compromise C, who is in favor? Who is against? Who abstains? Adopted. Compromise D, who is in favor?

Who is against? Who abstains? Adopted. And final vote by roll-call vote. I open the vote.

And I close the vote. And it is adopted. Congratulations to the rapporteur. Ah, we now vote on the mandate by roll-call vote.

I open the vote. I close the vote. And the mandate is adopted. Congratulations. Item seven, regarding the vote on the draft recommendation on the draft Council decision on the conclusion on behalf of the European Union of the agreement between the European Union and the United Kingdom of Great Britain and Northern Ireland regarding cooperation on the application of their competition laws.

The rapporteur is Eero Heinäluoma. Okay, we there is just one vote and final vote by roll call vote. I open the vote. And I close the vote. And it is adopted.

Congratulations to the rapporteur. Item eight, the vote on the INI report on the global role of the euro. Rapporteur is Rasmus Andresen. By showing of hands, compromise A, who's in favor? Who's against?

Who abstains? Adopted. Compromise B, who's in favor? Who's against? Who abstains?

I need to check this. I open the vote. And I close the vote. And it is adopted. Compromise C, who's in favor?

Who's against? Who abstains? Adopted. Compromise D, who's in favor? Who's against?

Who abstains? Adopted. Final vote by roll call vote. I open the vote. I close the vote.

Congratulations to the rapporteur, it is adopted. Now, item ten, the vote on the adoption of the ECON opinion on the general budget of the European Union for the financial year 2025 by rapporteur Mr. Aptias. So, by showing of hands, compromise A, who's in favor? Who's against? Who abstains?

Adopted. Final vote by roll call, I open the vote. And I close the vote. Adopted, congratulations to the rapporteur. See you this afternoon for the economic dialogue with the ECOFIN president.