Members of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) approved the appointment of three new members of the Single Resolution Board (SRB) on Monday 3 March.
After their hearings, the three candidates received 41 votes in favour, two against and one abstention: Miguel Carcaño Saenz Cenzano for the position of Vice-Chairman of the SRB and Slavka Eley and Radek Urban for the position of Member of the SRB.
Miguel Carcaño Saenz Cenzano, already a member of the SRB, defended financial stability and the strengthening of the Banking Union. He pledged to “guarantee the highest level of transparency”. He wants to commit the organisation to a process of digital transformation, in particular looking at how to exploit artificial intelligence tools and cloud computing services, while ensuring security. From a litigation point of view, he drew on his experience in defending SRB decisions before the Court of Justice of the EU.
Slavka Eley then spoke about her professional experience in banking supervision, particularly at the European Banking Authority (EBA). She placed particular emphasis on the various financial crises it has faced, and felt that it would be necessary to be better prepared for crises thanks to the resolution programme. She also believes that the SRB must be prepared for new threats, particularly digital ones. She is committed to “drawing up concrete and realistic programmes to ensure the solvency of banks”.
Radek Urban, who currently works at the Czech National Bank, mentioned his experience with the SRB during the creation of the national resolution authority. He wants to focus on three areas: liquidity, bank bridges and derivatives.
To coincide with these appointments, Dominique Laboureix, President of the SRB, was interviewed prior to the hearings. While the European Commission presented its plans to reduce the regulatory burden on businesses last week (see EUROPE 13588/4), Mr Laboureix also defended simplification in the banking sector (see EUROPE 13548/17). “It’s not just a question of removing superfluous rules, but at the same time preserving the objectives of each regulation”, he stressed. (Original version in French by Anne Damiani)