Hearing of Commissioner-designate Jessika Roswall
Brussels, 2024-11-05 – The European Parliament’s Committee on Economic and Monetary Affairs held a hearing on Tuesday, November 5, 2024, with Jessika Roswall, Commissioner-designate for Financial Stability, Financial Services, and Capital Markets Union.
During the hearing, Ms. Roswall presented her priorities and vision for the portfolio, which includes:
- Strengthening the resilience of the financial system: Ms. Roswall emphasized the need to enhance the stability of the financial system by implementing stricter regulations, promoting transparency, and building a strong European deposit insurance scheme.
- Completing the Capital Markets Union: She stressed the importance of creating a fully integrated and efficient capital market in the EU, which would facilitate access to funding for businesses and support economic growth.
- Promoting sustainable finance: Ms. Roswall highlighted the crucial role of the financial sector in transitioning to a greener and more sustainable economy. She intends to promote investments in sustainable projects and align financial flows with the EU’s climate objectives.
- Protecting consumers: Ms. Roswall recognized the need to protect consumers from financial risks. She pledged to strengthen existing measures and explore new initiatives to enhance transparency and consumer rights in financial transactions.
Members of the Committee posed questions to Ms. Roswall on various topics, including the European Central Bank’s monetary policy, the regulation of crypto-assets, the role of the EU in international financial institutions, and the impact of the COVID-19 pandemic on the financial system.
Ms. Roswall responded thoughtfully to all questions, demonstrating her deep understanding of the financial sector and her commitment to addressing the challenges it faces. She emphasized the importance of working closely with the European Commission, the European Parliament, and other EU institutions, as well as with international partners, to achieve the EU’s financial policy objectives.
The hearing concluded with members of the Committee voting on whether to recommend Ms. Roswall’s appointment as Commissioner. The results of the vote will be announced in due course.
If appointed, Ms. Roswall would become the first female Commissioner responsible for Financial Stability, Financial Services, and Capital Markets Union. She brings a wealth of experience to the role, having held senior positions in both the public and private sectors, including as President of the Swedish Financial Supervisory Authority.
Press release – Hearing of Commissioner-designate Jessika Roswall
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