|Author (Corporate)||Cardiff EDC|
|Content Type||News, Overview|
Reports on the nomination process relating to a vacancy at the European Central Bank's Executive Board Member in 2020.
Article 283(2) of the Treaty on the Functioning of the European Union (TFEU) specifies that appointments to the ECB Executive Board are made "by the European Council, acting by a qualified majority, from among persons of recognised standing and professional experience in monetary or banking matters, on a recommendation from the Council, after it has consulted the European Parliament and the Governing Council of the European Central Bank." The ECB executive board is responsible for the implementation of euro area monetary policy, as laid down by the ECB governing council.
The Eurogroup agreed on 5 October 2020 to endorse the candidacy of Frank Elderson to replace Yves Mersch, whose mandate comes to an end in December 2020.
|Subject Categories||Economic and Financial Affairs|
|Keywords||European Central Bank [ECB]
|International Organisations||European Union [EU]|