The Supervisory Board of the European Central Bank is the main operational decision-making body within the

European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...

bank supervision Banking regulation and supervision refers to a form of financial regulation which subjects banks to certain requirements, restrictions and guidelines, enforced by a financial regulatory authority generally referred to as banking supervisor, with ...

matters, within the framework of

European Banking Supervision European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is re ...

. It meets twice a month to discuss, plan and carry out the ECB's supervisory tasks. It is not, however, the ultimate decision-making body, as it only prepares draft decisions for the

Governing Council A personal ordinariate for former Anglicans, shortened as personal ordinariate or Anglican ordinariate,"Bishop Stephen Lopes of the Anglican Ordinariate of the Chair of St Peter..." is a canonical structure within the Catholic Church establish ...

under a no-objection procedure.

Overview

The Supervisory Board is composed of a Chair, appointed for a non-renewable term of five years; a Vice Chair, chosen from among the members of the ECB's

Executive Board A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations ...

; four members directly appointed by the ECB, known as ECB representatives; and representatives of national competent authorities. If the national supervisory authority designated by a Member State is not the country's national central bank, the representative of the competent authority can be accompanied by a representative from that national central bank. In such cases, the representatives are together considered as one member for the purposes of the voting procedure. The Supervisory Board's Steering Committee supports its activities and prepares its meetings. It is composed of the Supervisory Board's Chair and Vice Chair, one of the ECB representatives, and five representatives of national competent authorities. The latter five representatives are appointed by the Supervisory Board for one year based on a rotation system that ensures a fair representation of countries.

Past and current members

Chair

Danièle Nouy Danièle Nouy is a French public servant who served as Chair of the Supervisory Board at the European Central Bank from 1 January 2014 to 31 December 2018. She was regarded as the effective head of European Banking Supervision. Early life and ed ...

(1 January 2014 - 31 December 2018) *

Andrea Enria Andrea Enria (born 3 July 1961) an Italian economist who served as Chair of the ECB Supervisory Board from 2019 to 2023. He previously served as the chairperson of the European Banking Authority (EBA) between 2011 and 2019. Early life and educ ...

(1 January 2019 - 31 December 2023) *

Claudia Buch Claudia Maria Buch (also Claudia-Maria Buch; born March 1966) is a German economist who serves as Chair of the ECB Supervisory Board since 2024. She was a Vice President of the Bundesbank from 2014 to 2023. Earlier in her career, Buch worked as ...

(from 1 January 2024)

Vice Chair

* Sabine Lautenschläger (11 February 2014 - 11 February 2019) * Yves Mersch (7 October 2019 - 14 December 2020) * Frank Elderson (since February 2021)

ECB representatives

* (2014-2019) *

Sirkka Hämäläinen Sirkka Aune-Marjatta Hämäläinen (born 8 May 1939 in Riihimäki) is a Finnish economist who served as a member of the Executive Board of the European Central Bank from 1998 to 2003. She previously served as the governor of the Bank of Finland fr ...

(2014-2016) *

Julie Dickson Julie Dickson, was the Superintendent of the Office of the Superintendent of Financial Institutions of Canada, from July 4, 2007, to June, 2014. She later became a member of the ECB Supervisory Board, concerned with uniform regulatory oversight of ...

(2014-2017) *

Luc Coene Luc Coene (11 March 1947 – 5 January 2017) was a Belgian economist. He was Governor of the National Bank of Belgium (NBB) from April 2011 until March 2015. Education Luc Coene was born in Ghent and graduated in economics at Ghent University in ...

(2015-2017) * (2017-2022) * Edouard Fernandez-Bollo (2019-2024) * Kerstin af Jochnick (2019-2024) *

Elizabeth McCaul Elizabeth McCaul has been a member of the European Central Bank's supervisory board since 2019. She previously served as superintendent of banks for New York state, and as the head of the New York State Banking Department. Before that, McCaul held ...

(2019-2024) *

Anneli Tuominen Hilkka Liisa Anneli Tuominen (born 12 November 1954 in Hämeenkyrö) is a Finnish lawyer and economist. She has served in various positions at the Finnish Financial Supervisory Authority for 25 years, most recently as Director General of the Financ ...

(since 2022) * Sharon Donnery (since 2024) * Pedro Machado (since 2024) * Patrick Montagner (since 2024)

National competent authorities

* Austria: Financial Market Authority accompanied by

Oesterreichische Nationalbank The (, , abbr. ) is the National central bank (Eurosystem), national central bank for Austria within the Eurosystem. It was the Austrian central bank from 1923 to 1938 and from 1945 to 1998, issuing the Austrian schilling, shilling. It star ...

(since 2014) * Belgium:

National Bank of Belgium The National Bank of Belgium (NBB; , NBB; , BNB; , BNB) is the National central bank (Eurosystem), national central bank for Belgium within the Eurosystem. It was the Belgian central bank from 1850 until 1998, established by law of and issuin ...

(since 2014) * Bulgaria:

Bulgarian National Bank The Bulgarian National Bank (, , BNB) is the central bank of the Republic of Bulgaria. It has also been Bulgaria's national competent authority within European Banking Supervision since 2020. Headquartered in Sofia, the bank was established in ...

(since 2020) * Croatia:

Croatian National Bank The Croatian National Bank (; ), known until 1997 as the National Bank of Croatia (), is the national central bank for Croatia within the Eurosystem. Originally established in 1972 under the decentralization of the National Bank of Yugoslavia, ...

(since 2020) * Cyprus:

Central Bank of Cyprus The Central Bank of Cyprus ( ) is the national central bank for the Republic of Cyprus within the Eurosystem, and was the Cypriot central bank from 1963 to 2007, issuing the Cypriot pound. Since 2014, it has also been Cyprus's national competent ...

(since 2014) * Estonia: Financial Supervisory Authority accompanied by

Bank of Estonia The Bank of Estonia () is the national central bank for Estonia within the Eurosystem. It was the Estonian central bank from 1919 to 2010 (albeit with a long suspension between 1940 and 1989), issuing the kroon. Name Like other central bank ...

(since 2014) * Finland: Financial Supervisory Authority accompanied by

Bank of Finland The Bank of Finland (, ) is the national central bank for Finland within the Eurosystem. It was the Finnish central bank from 1865 to 1998, issuing the markka. It views itself as the fourth oldest surviving central bank in the world, after Swed ...

(since 2014) * France: Prudential Supervision and Resolution Authority (since 2014) * Germany:

Federal Financial Supervisory Authority The Federal Financial Supervisory Authority (), better known by its abbreviation BaFin, is Germany's integrated financial regulatory authority. Since 2014, it has been Germany's national competent authority within European Banking Supervision. ...

accompanied by

Deutsche Bundesbank The Deutsche Bundesbank (, , colloquially Buba, sometimes alternatively abbreviated as BBk or DBB) is the National central bank (Eurosystem), national central bank for Germany within the Eurosystem. It was the German central bank from 1957 to 19 ...

(since 2014) * Greece:

Bank of Greece The Bank of Greece ( , ) is the national central bank for Greece within the Eurosystem. It was the Greek central bank from 1927 to 2000, issuing the drachma. Since 2014, it has also been Greece's national competent authority within European ...

(since 2014) * Ireland:

Central Bank of Ireland The Central Bank of Ireland () is the national central bank for Ireland within the Eurosystem. It was the Irish central bank from 1943 to 1998, issuing the Irish pound. It is also the country's main financial regulatory authority, and since 2 ...

(since 2014) * Italy:

Bank of Italy The Bank of Italy (Italian language, Italian: ''Banca d'Italia'', , informally referred to as ''Bankitalia'') is the National central bank (Eurosystem), national central bank for Italy within the Eurosystem. It was the Italian central bank from ...

(since 2014) * Latvia:

Bank of Latvia The Bank of Latvia (,) is the national central bank for Latvia within the Eurosystem. It was the Latvian central bank from 1922 to 2013, albeit with a long suspension between 1940 and 1992. It issued the Latvian lats (1922-1940), then a Latvian r ...

(since 2014) * Lithuania:

Bank of Lithuania The Bank of Lithuania () is the national central bank for Lithuania within the Eurosystem. It was the Lithuanian central bank from 1922 to 2014, albeit with a long suspension between 1940 and 1993. It issued the Lithuanian litas between 1922 ...

(since 2015) * Luxembourg:

Commission de Surveillance du Secteur Financier The (CSSF) is the main financial regulatory authority in Luxembourg. Since 2014, it has been the country's national competent authority within European Banking Supervision. The CSSF is also responsible for the supervision of experts in the f ...

accompanied by

Central Bank of Luxembourg The Central Bank of Luxembourg ( , BCL; ; ) is the national central bank for Luxembourg within the Eurosystem. It was founded for that purpose in 1998, and also succeeded the Institut Monétaire Luxembourgeois in some of the latter's mandates ...

(since 2014) * Malta:

Malta Financial Services Authority The Malta Financial Services Authority (MFSA) is the main Financial regulation, financial regulator of Malta. The MFSA was founded in 2002 when it assumed the responsibilities of the Central Bank of Malta, the Malta Stock Exchange, and the Malta ...

accompanied by the

Central Bank of Malta The Central Bank of Malta () is the Maltese national central bank for Malta within the Eurosystem. It was the Maltese central bank from 1968 to 2007, issuing the Maltese lira. Since 2014, it has also been Malta's national competent authority wi ...

(since 2014) * Netherlands:

De Nederlandsche Bank De Nederlandsche Bank (, , abbr. DNB) is the national central bank for the Netherlands within the Eurosystem. It was the Dutch central bank from 1814 to 1998, issuing the guilder. Since 2014, it has also been the country's national competent au ...

(since 2014) * Portugal:

Banco de Portugal The Banco de Portugal (, ) is the National central bank (Eurosystem), national central bank for Portugal within the Eurosystem. It was the Portuguese central bank from 1846 to 1998, issuing the Portuguese escudo, escudo. Since 2014, it has also ...

(since 2014) * Slovakia:

National Bank of Slovakia National Bank of Slovakia (, NBS) is the national central bank for Slovakia within the Eurosystem. It was the Slovak central bank from 1993 to 2008, issuing the koruna. Since 2014, it has been Slovakia's national competent authority within Eur ...

(since 2014) * Slovenia:

Bank of Slovenia The Bank of Slovenia () is the national central bank for Slovenia within the Eurosystem. It was the Slovenian central bank from 1991 to 2006, issuing the tolar. Since 2014, it has also been Slovenia's national competent authority within European ...

(since 2014) * Spain:

Bank of Spain The Bank of Spain (, ) is the national central bank for Spain within the Eurosystem. It was the Spanish central bank from 1874 to 1998, issuing the peseta. Since 2014, it has also been Spain's national competent authority within European Banki ...

(since 2014)

Notes

Supervisory Board + {{EU-stub