The European Parliament’s Committee on Economic and Monetary Affairs (ECON) set a hearing and committee vote in connection with the European Central Bank (ECB) proposal to extend Frank Elderson’s term as Vice-Chair of the ECB Supervisory Board, an appointment that requires European Parliament approval. Frank Elderson is an ECB Executive Board member and the current Vice-Chair of the ECB Supervisory Board, with his existing vice-chair term ending in February 2026. Under the Regulation on the Single Supervisory Mechanism (SSM), the Vice-Chair is chosen from among ECB Executive Board members, and the ECB proposed in a 17 December 2025 letter to extend his vice-chair mandate for a duration aligned with the end of his term on the ECB Executive Board. The hearing is scheduled for 28 January 2026, with a vote in ECON foreseen for 29 January 2026.
2026-01-21Committee on Economic and Monetary Affairs
European Parliament Committee on Economic and Monetary Affairs schedules 28 January hearing and 29 January vote on extending Frank Elderson’s term as ECB Supervisory Board vice-chair
The European Parliament’s Committee on Economic and Monetary Affairs scheduled a hearing and vote on 28-29 January 2026 regarding the European Central Bank's proposal to extend Frank Elderson’s term as Vice-Chair of the ECB Supervisory Board, aligning with his Executive Board term ending in February 2026.