The authority, which replaces the Committee of European Banking Supervisors and became active on 1 January, appointed Andrea Enria, head of the supervisory regulations and policies department at the bank of Italy, as its chairperson.
The EBA also announced the make-up of its board of supervisors, which includes six senior representatives from the regulatory bodies of a number of European nations.
The six elected members are: Martin Andersson, Finansinspektionen of Sweden; Sabine Lautenschlager of BaFin, Germany; Danièle Nouy of Autorité de Contrôle Prudentiel, France; David Rozumek of Ceska Narodni Banka, Czech Republic; Karoly Szasz of Pénzügyi Szervezetek Állami Felügyelete, Hungary; Jukka Vesala of Finanssivalvonta, Finland.
While announcing the make-up of the board, the EBA also said it planned to conduct a further round of stress-tests on European banks in the first half of this year, with the results published in mid-2011.
It said the new stress-tests would build on those conducted in 2010, covering a broadly similar group of banks and would be subject to a “stringent review and quality control process”.
However, the failure to appoint a UK representative to the board of the EBA has been seen as a snub to the UK’s financial services sector, according to a report in UK City paper City A.M. The paper quotes two unnamed sources who both highlight the German and French presence and describe the appointments as a “Franco-German stitch-up”.
Meanwhile, the two other “super-regulators” also announced the members of their respective boards this week.
The European Securities and Markets Authority, which replaced the Committee of European Securities Regulators, elected Steven Maijoor, a former economics professor at Maastricht University, as its chairman, while the European Insurance and Occupational Pensions Authority elected Gabriel Bernardino, head of Portuguese regulator ISP, as its chairman.
