The European Banking Authority’s Board of Supervisors renewed François-Louis Michaud’s mandate as Executive Director for a second five-year term, extending his tenure until end-August 2030. The decision, taken on 25 March 2025, followed an evaluation of his performance during his first term and considered the Authority’s duties and requirements over the next five years. The Executive Director is responsible for the EBA’s management, including preparing and implementing its work programme and budget and overseeing staff matters.