European Commissioner for Financial Stability, Financial Services and the Capital Markets Union

European Commissioner for Financial Stability, Financial Services and the Capital Markets Union
Incumbent Mairead McGuinness[1] since 8 September 2020
Appointer	President of the European Commission
Term length	Five years
Salary	€19,909.89 per month[2][3]
Website	European Commission

The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union is the member of the European Commission responsible for banking and finance. The current officeholder is Mairead McGuinness.^[1]

Responsibilities

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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,^[4][5] 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.^[6]

List of commissioners

Name		Country	Period	Commission	Portfolio actual name
	Christopher Tugendhat	United Kingdom	1977–1981	Jenkins Commission	Budget and Financial Control, Financial Institutions
			1981–1985	Thorn Commission	Budget and Financial Control, Financial Institutions and Taxation (vice-president)
	Henning Christophersen	Denmark	1985–1989	Delors Commission I	Budget, financial control, personnel and administration
	Abel Matutes	Spain	1986–1989		Credit, investments, financial instruments and small & medium-sized enterprises
	Sir Leon Brittan	United Kingdom	1989–1992	Delors Commission II	Competition and financial institutions (vice-president)
	Peter Schmidhuber	Germany	1993–1994	Delors Commission III	Budget, financial control and the cohesion fund
	Anita Gradin	Sweden	1995–1999	Santer Commission	Immigration, Justice & Home Affairs, Financial Control, Anti-fraud and Relations with the European Ombudsman.
	Charlie McCreevy	Ireland	2004-2010	Barroso Commission I	Internal Market and Services
	Michel Barnier	France	2010-2014	Barroso Commission II	Internal Market and Services
	Lord Hill of Oareford	United Kingdom	2014–2016	Juncker Commission	Financial Stability, Financial Services and Capital Markets Union
	Valdis Dombrovskis	Latvia	2016–2019	Juncker Commission	Euro and Social Dialogue and Financial Stability, Financial Services and Capital Markets Union (vice-president)
			2019–2020	Von der Leyen Commission	Financial Markets
	Mairead McGuinness	Ireland	2020–present	Von der Leyen Commission	Financial 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

References

External links

• Hill's website
• DG website