The ECB has officially started the procedures to choose who will succeed Andrea Enrico. One thing now seems certain: starting from 2024 at the helm of the Supervisory Board of the ECB there will be a woman. It will probably be the German Claudia Buch, but the Spanish Margarita Delgado and the Irish Sharon Donnery are also in the running.
ECB: candidacies for appointments to the Supervisory Board are underway
On 17 May, the European Central Bank published the notice for candidates for the position of Chairman of the Supervisory Board, with effect from 1 January 2024. The mandate of the current chairman of the Supervisory Board, Andrea Enria, in fact expires at the end of 2023.
Eurotower has sent candidates to submit application by 23 June next. The Governing Council of the ECB will set up a pre-selection committee to prepare a shortlist of the most suitable candidates. After consulting the Supervisory Board, the Governing Council will nominate a candidate in the autumn, to be approved by the European Parliament and confirmed by the Council of the European Union in the fourth quarter of 2023.
Il term is five years, therefore until 2029, and is not renewable.
ECB Supervisory Appointments: Buch in pole position for Enria's seat
Since 2014, the year in which it was created, the Supervisory Board has been led first by a French woman, Daniele Nouy, and then by an Italian, Enria, who took office in January 2019. Now it's the turn of the others.
In pole position for the seat currently occupied by the Italian Andrea Enria is the current vice president of the Bundesbank Claudia Buch, who entered the Supervisory Board as a representative of the Bundesbank last March 10 in place of Joachim Wuermeling. Buch has two rivals, who however for the moment seem to have less of a chance. The first is Irish, Sharon Donnery, deputy governor of the central bank of Ireland and since July 2022 responsible for financial regulation, the second is the Spanish Margaret Slim, deputy governor of the central bank of Spain. The games are open.
