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Decision on the proposal of the Commission for the appointment of the Chair, Vice-Chair and Members of the Board of the Single Resolution Board

2014/0901(NLE)

The Committee on Economic and Monetary Affairs adopted the report by Roberto GUALTIERI (S&D, IT) on the proposal of the Commission for the appointment of the Chair, Vice-Chair and Members of the Board of the Single Resolution Board (SRB).

The committee approved the Commission's proposal for the appointment of the following proposed candidates:

  • Elke König for the function of Chair of the Board,
  • Timo Löyttyniemi for the function of Vice-Chair of the Board,
  • Mauro Grande, Antonio Carrascosa, Joanne Kellermann and Dominique Laboureix for the function of Members of the Board.

It is recalled that Regulation (EU) No 806/2014 provides that the Chair, Vice-Chair and the Members of the Single Resolution Board (SRB) are to be appointed on the basis of merit, skills, knowledge of banking and financial matters, and of experience relevant to financial supervision, regulation, and bank resolution.

The Commission adopted on 19 November 2014 a shortlist of candidates for the functions of Chair and Vice-Chair of the Board and on 1 December 2014 a shortlist of candidates for the functions of the Members of the Board. The two shortlists were transmitted to the Parliament.

On 5 December 2014, the Commission adopted a proposal for the appointment of the Chair, Vice-Chair and Members of the Board of the Single Resolution Board and transmitted this proposal to the Parliament.

Parliament’s Committee on Economic and Monetary Affairs then proceeded to evaluate the credentials of the proposed candidates during the hearings held on the 8 and 9 of December 2014.