European Commissioner for Financial Services and the Savings and Investments Union

The European Commissioner for Financial Services and the Savings and Investments Union is the member of the European Commission responsible for banking and finance. The current officeholder is Maria Luís Albuquerque.

Responsibilities

The post is responsible for the ensuring that financial markets are properly regulated and supervised so that they are stable, competitive and transparent, at the service of jobs and growth. This includes the full implementation of the Banking Union. They are also responsible for establishing a Capital Markets Union by 2019 for all 28 Member States of the EU,European Commission, Capital markets union action plan, accessed 9 May 2018 and maximising the benefits of capital markets and non-bank financial institutions for the rest of the economy, and in particular SMEs.

In addition, the post is responsible for proposing measures to make financial services work better for consumers and retail investors, and promoting global consistency in regulation and the implementation of agreed standards and principles in cooperation with international partners.European Commission: Commissioner Jonathan Hill, European Commission November 2014

List of commissioners NameCountryPeriodCommissionPortfolio actual nameChristopher Tugendhat1977–1981Jenkins CommissionBudget and Financial Control, Financial Institutions1981–1985Thorn CommissionBudget and Financial Control, Financial Institutions and Taxation (vice-president)Henning Christophersen1985–1989Delors Commission IBudget, financial control, personnel and administrationAbel Matutes1986–1989Credit, investments, financial instruments and small & medium-sized enterprisesSir Leon Brittan1989–1992Delors Commission IICompetition and financial institutions (vice-president)Peter Schmidhuber1993–1994Delors Commission IIIBudget, financial control and the cohesion fundAnita Gradin1995–1999Santer CommissionImmigration, Justice & Home Affairs, Financial Control, Anti-fraud and Relations with the European Ombudsman.Charlie McCreevy2004-2010Barroso Commission IInternal Market and ServicesMichel Barnier2010-2014Barroso Commission IIInternal Market and ServicesLord Hill of Oareford2014–2016Juncker CommissionFinancial Stability, Financial Services and Capital Markets UnionValdis Dombrovskis2016–2019Juncker CommissionEuro and Social Dialogue and Financial Stability, Financial Services and Capital Markets Union (vice-president)2019–2020Von der Leyen CommissionFinancial MarketsMairead McGuinness2020–2024Von der Leyen CommissionFinancial Stability, Financial Services and Capital Markets UnionMaria Luís Albuquerque2024–incumbentVon der Leyen CommissionFinancial Stability, Financial Services and Capital Markets Union

See also Economy of the European Union Capital Markets Union Eurozone & Euro European Central Bank European Union Budget OLAF European Court of Auditors Directorate-General for Economic and Financial Affairs Savings and Investments Union

References

External links Hill's website DG website