After a close head-to-head in the Governing Council of the ECB with the Irishman Shannon Donnely, the Italian Andrea Enria, former head of the EBA (the European Banking Authority) and senior executive of the Bank of Italy is the new head of Supervision bank of the ECB. Now his appointment is being examined by the European Parliament and Council. The assignment lasts four years.
For almost a year, there will therefore be two Italians at the top of the ECB: Mario Draghi, who will be president for another year, and Enria. However, this does not foresee any clash for the Italian banks because Enria is considered a hawk, albeit a moderate one.
Beyond the treatment that the new ECB Supervision will reserve for Italian banks and which Enria will certainly manage in a very professional and impartial way, Enria's appointment is a source of pride for Italy, all the more so considering that it took place in a moment in which the Italian Government has in fact isolated itself from its European partners for having broken through the Community rules with the budget maneuver.
