In a secret ballot on Wednesday 7 November, the Governing Council of the ECB appointed Andrea Enria as the new Chair of the Single Supervisory Board, which is responsible for verifying the solvency of banking groups within Banking Union in the Eurozone.
Enria, who is currently the President of the European Banking Authority and will move from London to Paris when Brexit takes effect, will – notwithstanding a dramatic twist in the tale – take up his position with the ECB at the beginning...