EU lawmakers back Michaud as executive director of banking watchdog By Reuters

Founder of Indonesia's Bukalapak to head Telkom's digital business By

© Reuters.

LONDON (Reuters) – The European Parliament on Wednesday gave the green light to appointing Francois-Louis Michaud as executive director of the European Union’s banking watchdog, overturning a recommendation to reject him.

The parliament’s economic affairs committee had narrowly voted last week in favour of rejecting Michaud, with members saying they wanted to see more women appointed to top jobs in the bloc’s regulatory bodies.

But in a rare move against a committee, full parliament endorsed the appointment of Michaud, a senior European Central Bank official, as executive director of the European Banking Authority (EBA) by 343 votes to 296, with 56 abstentions.

Green Party lawmaker Sven Giegold said the vote was a blow for gender balance.

Michaud had told a hearing in the economic affairs committee last month that he was fully aware of the need for a better gender balance at EBA, and that he was willing to commit to appointing more female staff at the Paris-based agency.

Michaud was the second candidate for the post after the first candidate, Irish central banker Gerry Cross, was rejected, partly because of a past role with banking lobby AFME.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.