A proposal was adopted for the appointment of the Chair, the Vice-Chair and the Board Members.
The list of names that the Commission is sending for approval to the European Parliament are:
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For Chair: Ms Elke König (DE)
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For Vice Chair: Mr Timo Löyttyniemi (FIN)
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For Strategy and Coordination Director (COM/2014/10361): Mr Mauro Grande (IT)
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For Resolution Planning Director - 3 positions (COM/2014/10362): Mr Antonio Carrascosa (ES), Ms Joanne Kellermann (NL), Mr Dominique Laboureix (FR)
Once the European Parliament has given its approval on the Commission's proposal for each of the functions, the Council (acting by qualified majority) shall adopt implementing decisions to appoint the Chair, the Vice-Chair and the Board Members. This will be an important step towards making the Single Resolution Board (SRB), which is the second pillar of the Banking Union, operational.
The proposed candidates were chosen through an open selection procedure following publication of vacancy notices on 10 July 2014 and a first exchange of views with the European Parliament on the basis of shortlists of candidates for the functions of Chair and Vice-Chair and of Board members which were respectively on 19 November 2014 and on 1 December 2014. The Chair, Vice-Chair and Board Members are appointed for a limited term; the Chair initially for a period of three years, renewable once for another five years; the Vice-Chair and the Board Members for a period of five years, non-renewable.
Full press release
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