Saturday , January 25 2020
Home / ECB Press Releases / ECB adopts opinion on appointment of new Executive Board member

ECB adopts opinion on appointment of new Executive Board member

Summary:
PRESS RELEASE11 December 2019Governing Council has no objection to proposed candidate Isabel SchnabelThe Governing Council of the European Central Bank (ECB) today adopted an opinion on a recommendation from the Council of the European Union on the appointment of a member of the ECB’s Executive Board.The Governing Council had no objection to the proposed candidate, Isabel Schnabel, who is a person of recognised standing and professional experience in monetary or banking matters, as required by Article 283(2) of the Treaty on the Functioning of the European Union. Ms Schnabel currently serves as a member of the German Council of Economic Experts and is a professor for financial economics at Bonn University.Following the Governing Council’s opinion and an opinion of the European Parliament,

Topics:
European Central Bank considers the following as important:

This could be interesting, too:

International Settlement writes Bad bank resolutions and bank lending

Bank of Japan writes Minutes of the Monetary Policy Meeting on December 18 and 19, 2019

International Settlement writes Impending arrival – a sequel to the survey on central bank digital currency

FRED Blog writes Do government dollars drive recovery? : The conventional wisdom and data behind government spending during recessions

PRESS RELEASE

11 December 2019

  • Governing Council has no objection to proposed candidate Isabel Schnabel

The Governing Council of the European Central Bank (ECB) today adopted an opinion on a recommendation from the Council of the European Union on the appointment of a member of the ECB’s Executive Board.

The Governing Council had no objection to the proposed candidate, Isabel Schnabel, who is a person of recognised standing and professional experience in monetary or banking matters, as required by Article 283(2) of the Treaty on the Functioning of the European Union. Ms Schnabel currently serves as a member of the German Council of Economic Experts and is a professor for financial economics at Bonn University.

Following the Governing Council’s opinion and an opinion of the European Parliament, the new member of the Executive Board will be appointed by the European Council. The Governing Council’s opinion, which will be published shortly in the Official Journal of the European Union, will be made available on the ECB’s website in all official EU languages.

Ms Schnabel will serve a non-renewable eight-year term, succeeding Sabine Lautenschläger, who resigned from her position with effect from 31 October 2019.

For media queries, please contact Peter Ehrlich, tel.: +49 69 1344 8320.

European Central Bank
Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area - the world’s largest economy after the United States.

Leave a Reply

Your email address will not be published. Required fields are marked *