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European Union – Appointment of Ms. Danièle Nouy as head of the European Central Bank’s Supervisory Board (December 11, 2013)

We welcome the appointment of our compatriot, Danièle Nouy, as head of the European Central Bank’s Supervisory Board, a new organization tasked with overseeing the banks in the euro zone. She will have the primary responsibility of performing the stress tests on banks in 2014.

The European Parliament’s approval of her appointment at the summit on euro zone banking supervision justifies the importance we attach to this future mechanism, which should be fully operational by November 2014. Ms. Danièle Nouy will have all the legitimacy she needs to perform the banking oversight tasks, given her career in the Banque de France, where she most recently served as secretary general.

The single supervision mechanism, adopted on October 15, is the first pillar of the Banking Union. It demonstrates our desire to harmonize the functioning of our financial systems by placing solidarity and the protection of the citizen at the heart of this project. Our goal, which has already been stated at previous European Councils, is now the completion of the banking union by the end of the parliamentary term, notably through the adoption of a single resolution system. The EU finance ministers should reach an agreement on this point in the near future.



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