Update: the transcript of the hearing is now available.
The candidate for European Central Bank president, Christine Lagarde, comes to Parliament on 4 September to answer MEPs’ questions ahead of a plenary vote on her candidacy.
A summary of the exchange of views is now available.
The Single Resolution Board and the European Commission have signed a Memorandum of Understanding in order to further strengthen their cooperation. The two authorities share the objectives of ensuring the orderly resolution of failing banks while protecting financial stability and ensuring that taxpayers are not first in line to bear costs.
The European Union should grasp the opportunity of the new political mandate and financial period to improve its economic policy coordination and governance. The European Semester should become the most important element of economic policy coordination and a multi-level and multi-actor governance approach should be implemented, says the European Economic and Social Committee (EESC). It suggests that an EESC competence centre for exchange of information could be established to address implementation concerns in relation to a future EU strategy.