July 16, 2018 / 7:50 AM / a year ago

ECB seeks new head for bank supervisory arm

FRANKFURT, July 16 (Reuters) - The European Central Bank published a job vacancy on Monday, seeking a new head for its bank supervisory arm from January after the term of current Chair Daniele Nouy expires.

“The ECB is seeking a suitable candidate of recognised standing and experience in banking and financial matters for the position of the Chair of the Supervisory Board from 1 January 2019,” the bank said.

The ECB supervises 118 of the euro zone’s biggest lenders with around 21 trillion euros in assets.

The ECB will draw up a shortlist of candidates from the applicants and will make a final proposal to the EU Council in the autumn after consultation with Parliament and the Council. (Reporting by Balazs Koranyi Editing by Robin Pomeroy)

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