As a concrete step, the ECB Governing Council nominated Ms Danièle Nouy, the current Secretary General of the ACPR, the French supervisory authority, for Chair of the Supervisory Board of the new Single Supervisory Mechanism. Her nomination was confirmed yesterday by the European Parliament. A broader recruitment process for supervisory management positions has also been launched by the ECB.
I have to say that Mario Draghi, whom I have known for 20 years, has an outstanding and wide experience, has done and is still doing a lot to continue modernising his institution and to permit it to be up-to-date in all respects. The Governing Council meeting scheduled for Dublin in May could be days before the general election.