Anneliese Dodds MEP

The South East's Voice in Europe

Lord Hill passes muster second time around


Anneliese was encouraged by the second appearance of Lord Hill in front of the parliament, as part of his bid to become Commissioner for Financial Services.

He gave a strong performance, providing much more detail on key areas of his portfolio than in his first appearance.

MEPs from across the Parliament will now meet to decide if he has done enough to be confirmed in post.

In answer to a range of questions from MEPs, Lord Hill gave clearer answers on those areas where he had not provided as much detail in his first hearing. He said that he would prioritise completing the process of 'banking union', which would ultimately make Europe's banks safer and get them lending responsibly again. He explained how he wanted to make it easier for small businesses to access finance right across Europe. And he made clear that all transactions in financial markets should be transparent, that they should be as simple as possible, and that the risk of things going wrong with them should be properly contained.

"Lord Hill's performance today shows that he does have what it takes to be a European Commissioner," said Anneliese. "After his performance last week, it was absolutely right to recall him to Parliament to push him on key areas of his portfolio. Lord Hill's role couldn't be more important - we all know what happens when the financial sector isn't properly regulated. That's why it is critical that we know we've got the right person for the job.

"After today, I feel confident that, if he is confirmed, Lord Hill will be able to do what is required. But we won't forget that he needed a second hearing to explain in detail exactly how we would carry out his role. As a Labour MEP, I will be making sure that Lord Hill matches his words with action, and really does deliver for the people of Europe, and the people of the UK.

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