Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home Breaking news Germany's Lautenschlaeger joins France's Nouy at eurozone bank watchdog

Germany's Lautenschlaeger joins France's Nouy at eurozone bank watchdog

05 February 2014, 16:49 CET
— filed under: , , ,

(STRASBOURG) - The European Parliament approved Wednesday the nomination of Germany's Sabine Lautenschlaeger as deputy to Frenchwoman Daniele Nouy in supervising the eurozone's banking system.

Last month, MEPs approved Lautenschlaeger to join the currently all-male executive board of the European Central Bank which this year takes on a new role overseeing the some 130 biggest lenders in the single currency bloc.

Lautenschlaeger, 49, was a vice-president in charge of overseeing credit institutions at the German central bank and this background will prove useful in her new roles.

Nouy was a senior official at the Bank of France and Parliament in December voted her to head the Single Supervisory Mechanism (SSM) which will operate under the ECB,

The SSM is meant to ensure that no eurozone bank ever gets into such difficulties again that it threatens to sink the wider economy, a key driver of the eurozone debt crisis.


Document Actions