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22 March 2011

ECON committee: Green light for ESAs executive directors


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Allen drei Kandidaten der neuen Finanzaufsicht wurde grünes Licht durch den Wirtschafts- und Währungsausschuß gegeben. Die Empfehlung des Ausschusses muß nun vom Parlament am 24. März bestätigt werden.


Verena Ross, candidate executive director for the European Securities and Markets Authority, was approved with 36 votes in favour, 6 against and 4 abstentions.

 
Carlos Montalvo, candidate for the European Insurance and Occupational Pensions Authority, received 33 votes in favour, 4 against and 7 abstentions.

 
Finally, Adam Farkas, candidate for the European Banking Authority, received 38 votes in favour, 4 against and 3 abstentions.

 
Last week the committee quizzed all three candidates, showing particular interest in how they intended to exercise their authority over national regulators and how they would develop the authorities into truly independent entities.

 
The executive directors are expected to wield considerable influence, particularly through their direct control over all the administrative staff of the watchdogs.

 


© European Parliament


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