A Frenchman named at the head of the european banking - The Point

so It is a French who is going to preside over the destinies of the european banking Authority (EBA). François Louis-Michaud has been appointed by a vote of the

A Frenchman named at the head of the european banking - The Point

so It is a French who is going to preside over the destinies of the european banking Authority (EBA). François Louis-Michaud has been appointed by a vote of the meps who were gathered in plenary session in Brussels. This nomination is proposed by the board of supervisors of the EBA has been granted by 343 votes for, 296 against and 56 abstentions, said the european Parliament in a press release.

The vote reverses the negative opinion that had been expressed last week by the committee on economic and monetary Affairs of the Parliament. His elect had pushed (24 votes against, 23 in favour, 10 abstentions) the nomination of François-Louis Michaud in deploring the fact that no woman has been nominated to this position. "The plenary did not follow the recommendation of the commission," has just commented on the Parliament on Wednesday evening.

It was the appointment of a successor to the Hungarian Adam Farkas to the head of the EBA, the independent authority of the european Union created in the wake of the 2008 financial crisis. And this is the second time this year that the european Parliament should decide. In January meps had rejected the nomination of the Irish, Gerry Cross, criticising the links of the latter with the lobbies of the bank. François-Louis Michaud, a former Bank of France, is currently deputy director general at the european central Bank. Forced to leave the City due to the Brexit, the european banking Authority has chosen to settle in the tower Europlazza of The Defense, west of Paris.

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Updated Date: 08 July 2020, 17:33

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