What changed

MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

P10_TA(2026)0004

on safeguardingSafeguarding and promoting financial stability amid economic uncertainties

(2025/2051(INI))

Committee on Economic and Monetary Affairs

PE771.960

European Parliament resolution of 20 January 2026 on safeguarding and promoting financial stability amid economic uncertainties (2025/2051(INI))

The European Parliament,

47. Instructs its President to forward this resolution to the Council and the Commission.

EXPLANATORY STATEMENT

Financial stability is a cornerstone of the EU’s economic resilience, especially in an era marked by significant geopolitical uncertainty, heightened market volatility, and structural changes. Recent events, such as energy market disruptions, geo-military tensions, trade wars, and financial market turmoil, have demonstrated the urgent need to address emerging risks and vulnerabilities before they escalate into systemic crises.

A well-functioning and fully integrated Capital Markets Union (CMU) is critical for both the stability and future growth of the EU. While deeper market integration can enhance investment flows and economic resilience, your Rapporteur believes that it is at least equally important to balance these benefits with adequate safeguards to mitigate potential risks. He highlights the importance of moving forward with reforms along the lines of those proposed in the Draghi and Letta reports to ensure that the EU’s capital markets are competitive but also stable.

The draft report also identifies several macro-financial risks, including rising sovereign debt levels, exposure to external shocks, and vulnerabilities in the non-bank financial intermediation (NBFI) sector. High asset valuations, the growing influence of decentralised finance, and the risks posed by margining practices are all factors that require careful regulatory attention. In addressing these concerns, your Rapporteur stresses the need for robust crisis preparedness mechanisms to safeguard the EU’s financial system.

Finally, it is crucial that financial supervision across the EU be enhanced to reflect the increasingly complex and interconnected global financial environment. Effective coordination between macro-prudential supervisors, access to granular data, and an ability to respond quickly to emerging risks are fundamental for safeguarding financial stability. Your rapporteur also highlights the need for stronger cooperation with international financial bodies to manage cross-border risks and ensure a coordinated response to financial instability.

ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

The rapporteur declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure1.

INFORMATION ON ADOPTION IN COMMITTEE RESPONSIBLE

Date adopted

5.11.2025

Result of final vote

+ : 43

- : 5

0 : 3

Members present for the final vote

Georgios Aftias, Rasmus Andresen, Stephen Nikola Bartulica, Isabel Benjumea Benjumea, Gilles Boyer, Giovanni Crosetto, Fabio De Masi, Siegbert Frank Droese, Marco Falcone, Markus Ferber, Jonás Fernández, Claire Fita, Dirk Gotink, Michalis Hadjipantela, Eero Heinäluoma, Jaroslav Knot, Kinga Kollár, Aurore Lalucq, Rada Laykova, Marlena Maląg, Jorge Martín Frías, Costas Mavrides, Fernando Navarrete Rojas, Denis Nesci, Luděk Niedermayer, Ľudovít Ódor, Nikos Papandreou, Gaetano Pedulla', Kira Marie Peter-Hansen, Sirpa Pietikäinen, Pierre Pimpie, Jaroslava Pokorná Jermanová, Evelyn Regner, Jussi Saramo, Paulius Saudargas, Ralf Seekatz, Irene Tinagli, Pasquale Tridico, Lara Wolters, Stéphanie Yon-Courtin

Substitutes present for the final vote

Marc Botenga, Hanna Gronkiewicz-Waltz, Fernand Kartheiser, Arba Kokalari, Morten Løkkegaard, Marco Squarta, Mariateresa Vivaldini

Members under Rule 216(7) present for the final vote

Jaroslav Bžoch, Ana Catarina Mendes, Dan-Ştefan Motreanu, Birgit Sippel

FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

43

+

ECR

Bartulica Stephen Nikola, Crosetto Giovanni, Malag Marlena, Nesci Denis, Squarta Marco, Vivaldini Mariateresa

NI

Kartheiser Fernand

PPE

Aftias Georgios, Benjumea Benjumea Isabel, Falcone Marco, Ferber Markus, Gotink Dirk, Gronkiewicz-Waltz Hanna, Hadjipantela Michalis, Kokalari Arba, Kollár Kinga, Motreanu Dan-Stefan, Navarrete Rojas Fernando, Niedermayer Ludek, Pietikäinen Sirpa, Saudargas Paulius, Seekatz Ralf

PfE

Bzoch Jaroslav, Knot Jaroslav, Martín Frías Jorge, Pokorná Jermanová Jaroslava

Renew

Boyer Gilles, Løkkegaard Morten, Ódor Ludovít, Yon-Courtin Stéphanie

S&D

Fernández Jonás, Fita Claire, Heinäluoma Eero, Lalucq Aurore, Mavrides Costas, Mendes Ana Catarina, Papandreou Nikos, Regner Evelyn, Sippel Birgit, Tinagli Irene, Wolters Lara

Verts/ALE

Andresen Rasmus, Peter-Hansen Kira Marie

5

-

PfE

Pimpie Pierre

The Left

Botenga Marc, Pedulla' Gaetano, Saramo Jussi, Tridico Pasquale

3

0

ESN

Droese Siegbert Frank, Laykova Rada

NI

De Masi Fabio

Key:

+ : in favour

- : against

0 : abstentions