Commissioner-designate Mairead McGuinness has expressed her thanks to the Members of the European Parliament for an engaging and policy-driven debate at her Economic and Monetary Affairs Committee hearing today (Friday).
“I want to sincerely thank the Members for the opportunity to present my proposed agenda for the financial services, financial stability and capital markets portfolio. We had a broad and thorough debate today covering a wide range of issues: As I said during the hearing, I fully commit to a regular and deep dialogue with the European Parliament should I be formally approved”, McGuinness said.
“At today’s hearing, I spoke about a financial system that underpins a more inclusive society and this will remain my core priority, if you choose to approve me. The work we, as European policymakers, do together will form an important part of the effort to recover from this crisis. The underlying strength of our financial services will be one of our key tools as we rebuild our economic well-being.
“I outlined my vision for Banking Union, Capital Markets Union, sustainable finance, and a new digital finance strategy.”
McGuinness also paid tribute to the late John Hume and in particular to his work on social and financial inclusion: “John was a founder of the Credit Union in his home city of Derry and in 1964 at the age of 27 he became the President of the Irish League of Credit Unions. He recognised the importance of finance for social inclusion. His community, nationalists in Northern Ireland, was generally poorer and faced discrimination when it came to accessing banks and services – so he set up an alternative. And this work led to his involvement in politics and was central to his beliefs. He wanted to combat social and economic injustice, as the basis for peaceful and prosperous co-existence.”
McGuinness added that such European values are what she aims to instill in our financial system: “fairness, inclusivity, innovation and the strongest possible focus on consumer needs and protections”, she underlined.