Mairead McGuinness is the EU Commissioner for Financial services, financial stability, and Capital Markets Union since 2020. Her responsibilities include:
- Preserving and improving financial stability, protecting savers and investors and ensuring the flow of capital to where it is needed.
- Leading the work on completing the Banking Union, notably by finalising the common backstop to the Single Resolution Fund and agreeing on a European Deposit Insurance Scheme.
- Expediting the work on the Capital Markets Union to diversify sources of finance for companies and tackle the barriers to the flow of capital.
- Developing further the green financing strategy to support the implementation of the European Green Deal.
- Proposing a FinTech Strategy to support new digital technologies in our financial system.
- Developing a new private-public fund specialising in initial public offerings for small and medium enterprises.
- Developing a new, comprehensive approach to fighting money laundering and the financing of terrorist activities.
- Ensuring a common approach with Member States on cryptocurrencies.
- Securing Europe’s resilience to extraterritorial sanctions by third countries, including by proper enforcement of sanctions imposed by the EU.
Prior to her appointment to the European Commission last year, Mairead McGuinness had served as Vice President of the European Parliament since 2014 and as an MEP since 2004. She is a former Vice Chair of the European People’s Party Group in the European Parliament, and began her career as a journalist and broadcaster.