Appointer Jean Claude Juncker Salary €19,909.89 per month | Term length Five years Website European Commission | |
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The Commissioner for Financial Stability, Financial Services and Capital Markets Union is the member of the European Commission responsible for banking and finance. The current Commissioner is Valdis Dombrovskis.
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, 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.