This is the first piece of legislation to protect small depositors since bank accounts were guaranteed up to €100,000. The S&D Group was pleased to win all of our key votes in committee, including: securing a broader scope; strengthening the product approval process; promoting environmental and social development in financial investment; and strengthening the control of European supervisory authorities on financial products. Despite the EPP's (European People's Party) refusal to commit to negotiations, the final agreement contains elements of all our achievements in committee.