as leader of the CSU MEPs by Angelika Niebler following the party's poor showing in the elections. Role in national politics In 2010, Ferber was a CSU delegate to the Federal Convention for the purpose of electing the President of Germany. In the negotiations to form a Grand Coalition of Chancellor Angela Merkel's Christian Democrats (CDU together with the Bavarian CSU) and the SPD following the 2013 German elections, he was part of the CDU/CSU delegation in the working group on banking regulation and the Eurozone, led by Herbert Reul and Martin Schulz. Ferber was nominated by his party as delegate to the Federal Convention for the purpose of electing the President of Germany in 2022. Political positions Amid the 2012 Romanian constitutional crisis, which had been sparked by a dispute between President Traian Băsescu and Prime Minister Victor Ponta, Ferber said he would initiate the suspension of Romania in the European Council for "lack of minimum standards functioning the legal state." Controversy In 2017, Politico Europe revealed, in letter to chief executives of Europe's biggest asset management companies, that Ferber had promoted a commercial product that allows companies to navigate key requirements in MiFID II, rules he helped usher into EU law. Ferber was affiliated with the financial service product that he promoted, as it was offered through a foundation he co-founded with the CEO of the company that produces it, but had not declared the affiliation to the Parliament. By early 2018, President of the European Parliament Antonio Tajani, decided that Ferber would not face disciplinary action from the Parliament. In November 2020, Ferber starred in a controversy by claiming the restitution of a stay allowance of 323 euros a day, which had been suspended during the second wave of the pandemic since it was strongly discouraged to physically go to the European Parliament. The protest was rejected by the President of the European Parliament David Sassoli for defective form. This daily allowance of 323 euros is added to a monthly salary of 6,962.95 euros and an allowance for general expenses of 4,563 euros per month. Other activities Corporate boards Kreissparkasse Augsburg, member of the supervisory board Non-profit organizations Augsburg University of Applied Sciences, member of the board of trustees Sparkassenverband Bayern, member of the advisory board European Academy of Bavaria, Member of the Board of Trustees European Logistics Platform, member of the advisory board Max Planck Institute