Council Implementing Decision (EU) 2018/1958 of 6 December 2018 on the appointment of the Chair of the ECB Supervisory Board

What it is

to appoint the chair of the supervisory board of the European Central Bank (ECB). CONTENT: Article 26(3) of Council Regulation (EU) No 1024/2013 provides that the European Central Bank shall submit to the European Parliament its proposal for the appointment of the chair of the Supervisory Board and that the Chair shall be chosen, on the basis of an open selection procedure, from persons of recognised standing and professional experience in banking and finance who are not members of the Governing Council. After hearing the Supervisory Board, the ECB submitted to Parliament, by letter of 7 November 2018, a proposal for the appointment of Andrea Enria, the current Chairperson of the European Banking Authority (EBA), as Chair of the Supervisory Board. The Committee on Economic and Monetary Affairs adopted a report by Roberto GUALTIERI (S&D, IT) on the proposal to appoint the Chair of the Supervisory Board of the European Central Bank (ECB). The committee approved the appointment of Mr Andrea Enria as Chairman of the Supervisory Board of the European Central Bank. Parliament's Committee on Economic and Monetary Affairs assessed the qualifications of the candidate proposed by the ECB on 7 November 2018 in view of the requirements laid down in Council Regulation (EU) No 1024/2013 entrusting the ECB with specific tasks relating to policies on the prudential supervision of credit institutions. On 20 November 2018, it held a hearing with the proposed candidate, during which he made an introductory statement and then answered questions from the members of the committee. The European Parliament decided to approve by 467 votes to 47, with 106 abstentions, the appointment of Andrea Enria as Chair of the Supervisory Board of the European Central Bank. As a reminder, Council Regulation (EU) No 1024/2013 provides that the European Central Bank is to submit to Parliament its proposal for the appointment of the Chair of the Supervisory Board and that the Chair is to be chosen on the basis of an open selection procedure from among individuals of recognised standing and experience in banking and financial matters who are not members of the Governing Council. Council Regulation (EU) No 1024/2013 provides that the appointments for the Supervisory Board in accordance with that Regulation are to respect the principles of gender balance, experience and qualification.

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