He was also a Vice-Chairman of the Special Committee for the Financial, Economic and Social Crisis, a member of the Special Committee on Organised Crime in the EU, and a Vice-Chairman of the Public Services Intergroup. Canfin was the rapporteur on the regulation of short selling and credit default swaps (CDS). His report was discussed in the Economic Affairs Committee in January 2011, and voted as such in the Plenary Session in July 2011. He has also been a negotiator on behalf of The Greens–European Free Alliance group on several legislative texts:  In June 2010, Canfin initiated a call to the MEPs of the Economic and Monetary Affairs Committee to create a non-governmental organisation capable of developing a counter-expertise on financial activities led by the main financial operators (banks, insurance companies, hedge funds etc.). The call was named "Finance Watch". He was joined by about one hundred European, national and regional elected representatives within the European Union. A year later, in June 2011, Finance Watch was set up as a NGO. On 16 May 2012, Pascal Canfin, left the European Parliament and was nominated by François Hollande as Delegated Minister in charge of development with the Ministry of Foreign Affairs. In one of his first announcements as Minister for Development, Pascal Canfin considers that "France has normalized its political relations with Africa". In his opinion, this normalisation stands out in the change of the Ministry name: “the Cooperation Ministry, with all the implications that it brings, doesn’t exist anymore” he claims. Pascal Canfin adds "the dissolution of the "Africa cell", tipping point of Françafrique system, embodies the breakdown announces by François Hollande concerning relations between France and Africa. Pascal Canfin considers development policy as closely tied up with sustainable development aims. Indeed, he intends to "make sustainability an imperative for development French policy". In these way, undertaken projects under the aegis of "l’Agence française de développement" (AFD) have seen a turning point since the first year of his mandate: renewable energies and energy efficiency are now part of AFD investments priorities for the next three years. AFD has also adopted in April 2013 a new doctrine in agricultural matters and won't be able to finance nor GMO's projects or agricultural investments that wouldn't respect FAO principles against "land grabbing". Finally, AFD has adopted the principle that she “should include environmental and social responsibility in its procurement process”.