In her introductory statement, Maria Luis Albuquerque from Portugal pledged to focus on the stability and integrity of the EU financial system as the basis for a strong and competitive European economy.

If confirmed, Ms Albuquerque said she intends to actively support innovation and inclusive growth while encouraging social mobility and empowering consumers. She promised to deliver on the Savings and Investment Union, coherent cross-border supervision, and more opportunities to finance investment. Ms Albuquerque pledged to ensure a balanced approach in digital finance, to build trust in the financial system, and empower European citizens to participate in the financial system in a fair way, taking control of their financial futures.

When it comes to improving the competitiveness of the EU, the Commissioner-designate plans to focus on ensuring a seamless flow of capital and the reduction of regulatory burden, especially for SMEs. In addition, she announced she would advance the…