Contradicting its Committee on Economic and Monetary Affairs (ECON) (see EUROPE B12521A21), the European Parliament approved by a narrow majority (343 votes in favour, 296 against, 56 abstentions), early on Wednesday evening, 8 July, the appointment of Frenchman François-Louis Michaud as Executive Director of the European Banking Authority (EBA), as proposed by the EBA's Supervisory Board.
Saying he was “honoured” by the appointment, Mr Michaud promised that one of his priorities would...