'ECB wants woman as bank boss'

'ECB wants woman as bank boss'

World August 24, 2018 08:16

frankfurt (anp) - The European Central Bank (ECB) prefers a woman when looking for a new head for banking supervision. That is what insiders tell Bloomberg news agency. The deadline to apply for the post ends Friday.

The ECB is looking for a successor to Danièle Nouy, ​​who will retire at the end of this year as chairman of the supervisory board at the central bank. The French have been the highest responsible for the Joint Supervisory Mechanism since 2013, which is to guarantee the stability and security of the banking system in the euro area.

The skewed balance between male and female officials at the central bank led to criticism from the European Parliament, which ultimately votes on the candidate who nominates the central bank. ECB director Benoît Cœuré also recently said that 'concrete action' is needed to appoint more women.

Possible successors to Nouy are the Irish Sharon Donnery, vice-governor of the Irish central bank, or Elisa Ferreira, vice-governor of the central bank of Portugal. The current number two of the supervisory board, Sabine Lautenschläger, is not eligible for the highest post as long as it is still a member of the management board.

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