Maria Luís Albuquerque, European Commissioner for Financial Services, intervened this Thursday before the European Parliament's Committee on Economic and Monetary Affairs, in Brussels, with a more direct political tone in demanding results. The commissioner criticized the Council's retreat in ambition on the complementary pension reform and confirmed that the European Commission is preparing, for the first quarter of 2027, a legislative package aimed at changing European banking rules.
Albuquerque set the goal of achieving a political agreement by the end of this year on three central files: the capital markets integration and supervision package, complementary pensions, and securitization. The commissioner justified the urgency with the political context of recent months, recalling that, in March, the European Council called for rapid progress on key files, recognizing that mobilizing private capital is essential for European competitiveness, resilience, and strategic autonomy.
On the complementary pensions file, which includes the IORP Directive and the PEPP Regulation, Albuquerque stated that "while I fully respect the legislative process, I also note that ambition has unfortunately been reduced," warning that "
