The European Parliament's Economic and Monetary Affairs Committee on 23 June 2026 debated the international role of the euro, with a clear split emerging over the creation of European safe assets. Rapporteur Rasmus Andresen (Greens/EFA, Germany) argued for reducing dollar dependence and called for deeper integration, including safe assets to boost the euro's global status. Michalis Hadjipantela (EPP) supported safe assets but firmly opposed permanent debt mutualization, insisting on fiscal responsibility. Nikos Papandreou (S&D, Greece) backed conditional safe assets for EU public goods, citing the US bond as a model. Pierre Pimpie (PfE) advocated for effective currency management, pointing to the Swiss franc. Ľudovít Ódor (Renew) highlighted infrastructure investment and the digital euro, while Jussi Saramo (The Left) stressed the need for alternatives to the dollar and private money. The main divergence is over safe assets: EPP and Renew push for conditionality and no mutualization of past debt, while Greens/EFA and S&D advocate deeper integration. The vote is scheduled for 15 July 2026.
On the Fundamental Review of the Trading Book (FRTB), the Commission presented a third delegated act postponing full implementation until 2027, citing delays in the US and UK. The act introduces temporary targeted amendments and a multiplier for affected banks. The European Banking Authority and the European Central Bank's Single Supervisory Mechanism supported the act, emphasizing regulatory certainty and risk sensitivity, but noted ongoing work on boundary rules and internal models. Affected stakeholders include EU banks, which face compliance costs and competitive pressures from global peers, and financial market participants, who benefit from regulatory alignment but may face higher capital charges due to the multiplier.