#32026D0416Council Implementing Decision (EU) 2026/416 of 17 February 2026 on the appointment of the Vice-Chair of the ECB Supervisory Board
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This Council Implementing Decision formally appoints Mr Frank Elderson as Vice-Chair of the European Central Bank Supervisory Board for a second term. The term runs from 24 February 2026 until 14 December 2028, aligning with the end of his mandate as a member of the ECB Executive Board. The appointment follows a proposal from the ECB Governing Council, approval by the European Parliament on 10 February 2026, and is made under Article 26(3) of Council Regulation (EU) No 1024/2013. It ensures continuity in the leadership of the Single Supervisory Mechanism responsible for prudential supervision of credit institutions in the euro area.
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Key Changes
- Appointment of Frank Elderson as Vice-Chair of ECB Supervisory Board for second term
- Term runs from 24 February 2026 to 14 December 2028
- Extension aligns with end of his ECB Executive Board mandate on 14 December 2028
+ 3 more changes with Pro
Obligations
What this law requires
Recognize Mr Frank Elderson's appointment as Vice-Chair of the ECB Supervisory Board for the term from 24 February 2026 until 14 December 2028
Ensure the ECB Supervisory Board composition includes the appointed Vice-Chair alongside the Chair, four ECB representatives, and one representative from each participating Member State's national competent authority
Implement the continuation of the Single Supervisory Mechanism leadership under the newly appointed Vice-Chair for prudential supervision of credit institutions in the euro area