Claudia Buch Vice President of the Bundesbank
ECB supervision, the three-way race for the prestigious seat and the strategy
There BCE from 2024 it will have a new one Chairman of the Supervisory Board. The European Central Bank yesterday launched the procedures to define the name of the ideal candidate who could take the place of the outgoing Andrea Henry. There race seems to be to three for the succession, but – reports Milano Finanza – there would already be a favorite. There Germany focuses strongly on the vice president of the Bundesbankwho joined the banking supervision board in April, Claudia Buch. Fewer chances for Irish Donnery and the Spanish Salgado. It would be the first time for the Germans in this role, in fact Germany has usually in the past always opted for the key role of chief economist to try to influence the decisions of the ECB and have a political weight important.
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ECB supervision, Germany pushes for the deputy head of the Bundesbank
Now however – continues Milan and Finance – the Bundesbank may decide to do so big voice imposing a figure of weight to the presidency of European banking supervision. Buch is an economist who since 2014 he is deputy chairman of the Bundesbank and has represented the German central bank since April this year supervisory board of the ECB, in place of Joachim Wuermeling. Since Buch’s appointment to the supervisory board there has been talk of one studied move from Germany in view of the succession of Enria. Candidates can submit the application until June 23, then the presets. But with a high-sounding name like Buch’s on the table, the door seems already closed for the challengers.
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