At 15.00 MEPs will discuss draft legislation on the EU single banking supervision mechanism with Commissioner Michel Barnier and Irish finance minister Brian Hayes. MEPs are expected to use this plenary debate to stress that accountability rules must match the supervisory powers created or transferred to EU level.
Following a provisional agreement reached with member states, Parliament will vote on amendments on Wednesday. The final vote on the rules will come later, to allow more time for parallel talks between the EP and the European Central Bank on detailed accountability provisions for the system's supervisor.
