European Central Bank (ECB): appointment of Sabine Lautenschlager as a member of the Executive Board

The Committee on Economic and Monetary Affairs adopted the report by Sharon BOWLES (ADLE, UK), in which it delivers a favourable opinion on the Council recommendation to appoint Sabine Lautenschläger as Member of the Executive Board of the ECB for a term of office of eight years.

Members evaluated the credentials of Ms Lautenschläger, in particular in view of the requirements laid down in Article 283(2) of the Treaty on the Functioning of the European Union (TFEU) and in the light of the need for full independence of the ECB in the area of monetary policy.

In carrying out this evaluation, the committee received a curriculum vitae from Ms Lautenschläger as well as her replies to the written questionnaire that had been sent to her.

The committee subsequently held a hearing with Ms Lautenschläger on 13 January 2014, at which she made an opening statement and then responded to questions from the members of the committee.