CEBS elects new chair and vice chair

18 January 2008

Mrs. Kerstin af Jochnick, Director of Prudential Supervision at the Swedish Financial Supervisory Authority has been elected Chair of CEBS. She replaces Mme Danièle Nouy who has held the position since January 2006 and whose two-year term as Chair has expired.

 

“The present development in financial markets together with the Lamfalussy review shows the need for strong supervisory convergence in Europe”, Mrs. af Jochnick noted. “Our main focus will be to develop sound structures for co-operation between home and host supervisors and encourage supervisory colleges for the larger banking groups to develop efficient working procedures”

 

Mr. Andrzej Reich, from the Polish Financial Supervision Authority, has taken over as Vice Chair of CEBS.

 

Press release

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