The Supervisory Board of the European Central Bank or ECB Supervisory Board is the main operational decision-making within the European Central Bank on bank supervision matters, within the framework of European Banking Supervision. It meets twice a month to discuss, plan and carry out the ECB's supervisory tasks.[1] It is not, however, the ultimate decision-making body, as it only prepares draft decisions for the Governing Council under a no-objection procedure.
Overview
The Supervisory Board is composed of a Chair, appointed for a non-renewable term of five years; a Vice Chair, chosen from among the members of the ECB's Executive Board; four members directly appointed by the ECB, known as ECB representatives; and representatives of national competent authorities. If the national supervisory authority designated by a Member State is not the country's national central bank, the representative of the competent authority can be accompanied by a representative from that national central bank. In such cases, the representatives are together considered as one member for the purposes of the voting procedure.[1]
The Supervisory Board's Steering Committee supports its activities and prepares its meetings. It is composed of the Supervisory Board's Chair and Vice Chair, one of the ECB representatives, and five representatives of national competent authorities. The latter five representatives are appointed by the Supervisory Board for one year based on a rotation system that ensures a fair representation of countries.[1]
Past and current members
Chair
- Danièle Nouy (1 January 2014 - 31 December 2018)
- Andrea Enria (1 January 2019 - 31 December 2023)
- Claudia Buch (from 1 January 2024)
Vice Chair
- Sabine Lautenschläger (11 February 2014 - 11 February 2019)
- Yves Mersch (7 October 2019 - 14 December 2020)
- Frank Elderson (since February 2021)
ECB representatives
- Ignazio Angeloni (2014-2019)
- Sirkka Hämäläinen (2014-2016)
- Julie Dickson (2014-2017)
- Luc Coene (2015-2017)
- Pentti Hakkarainen (2017-2022)
- Edouard Fernandez-Bollo (since 2019)
- Kerstin af Jochnick (since 2019)
- Elizabeth McCaul (since 2019)
- Anneli Tuominen (since 2022)
National competent authorities
- Austria: Financial Market Authority accompanied by Oesterreichische Nationalbank (since 2014)
- Belgium: National Bank of Belgium (since 2014)
- Bulgaria: Bulgarian National Bank (since 2020)
- Croatia: Croatian National Bank (since 2020)
- Cyprus: Central Bank of Cyprus (since 2014)
- Estonia: Financial Supervisory Authority accompanied by Bank of Estonia (since 2014)
- Finland: Financial Supervisory Authority accompanied by Bank of Finland (since 2014)
- France: Prudential Supervision and Resolution Authority (since 2014)
- Germany: Federal Financial Supervisory Authority accompanied by Deutsche Bundesbank (since 2014)
- Greece: Bank of Greece (since 2014)
- Ireland: Central Bank of Ireland (since 2014)
- Italy: Bank of Italy (since 2014)
- Latvia: Bank of Latvia (since 2014)
- Lithuania: Bank of Lithuania (since 2014)
- Luxembourg: Commission de Surveillance du Secteur Financier accompanied by Central Bank of Luxembourg (since 2014)
- Malta: Central Bank of Malta (since 2014)
- Netherlands: De Nederlandsche Bank (since 2014)
- Portugal: Banco de Portugal (since 2014)
- Slovakia: National Bank of Slovakia (since 2014)
- Slovenia: Bank of Slovenia (since 2014)
- Spain: Bank of Spain (since 2014)
See also
Notes
- ^ a b c "Supervisory Board". European Central Bank. Retrieved 3 December 2015.
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This page was last edited on 22 November 2023, at 17:31