The European Central Bank reported that the Council of the European Union has extended the mandate of Executive Board member Frank Elderson as Vice-Chair of the ECB’s Supervisory Board, keeping him in the role until the end of his Executive Board term. The extension follows a proposal adopted by the ECB’s Governing Council on 17 December and approval by the European Parliament on 10 February after a hearing before the Committee on Economic and Monetary Affairs on 28 January. Mr Elderson’s Executive Board mandate concludes on 14 December 2028.