PRESS RELEASE

9 April 2019

  • Governing Council submits proposal for new Vice-Chair of the ECB’s Supervisory Board to European Parliament
  • Council of the European Union to give final approval after parliamentary vote

The Governing Council of the European Central Bank (ECB) has proposed the appointment of ECB Executive Board member Yves Mersch as Vice-Chair of the ECB’s Supervisory Board.

The ECB has informed the Chair of the European Parliament’s Committee on Economic and Monetary Affairs (ECON), Roberto Gualtieri, in line with the Interinstitutional Agreement between the ECB and the European Parliament. The ECB has also informed the President of the Economic and Financial Affairs Council, Eugen Teodorovici. Mr Mersch will appear before the ECON Committee at a hearing on a date to be confirmed. In accordance with Article 26(3) of the SSM Regulation, the appointment needs the approval of the European Parliament. Following this approval, the Council will adopt an implementing decision to appoint the Vice-Chair of the Supervisory Board. Under the SSM Regulation, the Vice-Chair of the Supervisory Board must be a member of the ECB’s Executive Board.

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