Plenary report, 22 March 2024
On the proposal for the appointment of a member of the Single Resolution Board
Report A-9-2024-0150 · (N9-0006/2024 – C90064/2024 – 2024/0901(NLE))
Committee on Economic and Monetary Affairs · Rapporteur: Irene Tinagli
AI:In short
Parliament's committee report proposes that Parliament approve the appointment of Karen Braun-Munzinger as a Member of the Single Resolution Board for five years. The appointment follows the Commission's proposal of 12 March 2024 and a shortlist adopted on 21 February 2024 under Article 56(6) of Regulation (EU) No 806/2014. The Committee on Economic and Monetary Affairs evaluated the candidate's credentials against the requirements of Article 56(4) and held a hearing with her on 20 March 2024. The report recalls Parliament's commitment to gender balance in top positions in banking and financial services.
Position. The Committee on Economic and Monetary Affairs approves the appointment of Karen Braun-Munzinger as Member of the Single Resolution Board for five years.
Key points
- Parliament approves the appointment of Karen Braun-Munzinger as Member of the Single Resolution Board for a period of five years.
- The appointment is based on the Commission's proposal of 12 March 2024, transmitted to Parliament.
- Under Article 56(4) of Regulation (EU) No 806/2014, members of the Single Resolution Board are appointed on the basis of merit, skills, knowledge of banking and financial matters, and experience relevant to financial supervision, regulation and bank resolution.
- The Commission adopted a shortlist for the position on 21 February 2024 and provided it to Parliament, in accordance with Article 56(6) of Regulation (EU) No 806/2014.
- The Committee on Economic and Monetary Affairs evaluated the candidate's credentials, in particular against the requirements of Article 56(4).
- The Committee held a hearing with Karen Braun-Munzinger on 20 March 2024, where she made an opening statement and answered questions.
- Parliament is committed to ensuring gender balance in top positions in banking and financial services, and all Union and national institutions and bodies should implement concrete measures to ensure gender balance.
Who is affected
- Karen Braun-Munzinger, who is appointed as Member of the Single Resolution Board for five years.
- The Single Resolution Board, which gains a new member.
Figures and deadlines
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Full text
Proposal for a european parliament decision 18 paragraphs
(N9-0006/2024 – C90064/2024 – 2024/0901(NLE))
(Approval)
The European Parliament,
–having regard to the Commission proposal of 12 March 2024 for the appointment of Karen Braun-Munzinger as Member of the Single Resolution Board (C9-0064/2024),
–having regard to Article 56(6) of Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010,
–having regard to its resolution of 14 March 2019 on gender balance in EU economic and monetary affairs nominations,
–having regard to its resolution of 16 January 2020 on institutions and bodies of the Economic and Monetary Union: preventing post-public employment conflicts of interest,
–having regard to Rule 131 of its Rules of Procedure,
–having regard to the report of the Committee on Economic and Monetary Affairs (A9-0150/2024),
A.whereas Article 56(4) of Regulation (EU) No 806/2014 provides that the members of the Single Resolution Board referred to in Article 43(1), point (b), of that Regulation are to be appointed on the basis of merit, skills, knowledge of banking and financial matters, and of experience relevant to financial supervision, regulation and bank resolution;
B.whereas Parliament is committed to ensuring gender balance in top positions in the field of banking and financial services; whereas all Union and national institutions and bodies should implement concrete measures to ensure gender balance;
C.whereas in accordance with Article 56(6) of Regulation (EU) No 806/2014, on 21 February 2024 the Commission adopted a shortlist for the position of Member of the Single Resolution Board;
Read the rest (6 paragraphs)
D.whereas in accordance with Article 56(6) of Regulation (EU) No 806/2014, the Commission provided the shortlist to Parliament;
E.whereas on 12 March 2024, the Commission adopted a proposal to appoint Karen Braun-Munzinger as Member of the Single Resolution Board and transmitted that proposal to Parliament;
F.whereas the Committee on Economic and Monetary Affairs then proceeded to evaluate the credentials of the proposed candidate for the functions of Member of the Single Resolution Board, in particular in view of the requirements laid down in Article 56(4) of Regulation (EU) No 806/2014;
G.whereas on 20 March 2024, the Committee on Economic and Monetary Affairs held a hearing with Karen Braun-Munzinger, at which she made an opening statement and then answered questions put by members of the Committee;
1.Approves the appointment of Karen Braun-Munzinger as Member of the Single Resolution Board for a period of five years;
2. Instructs its President to forward this decision to the European Council, the Council, the Commission and the governments of the Member States.
Explanatory statement 1 paragraph
This report has been drawn up following the Committee on Economic and Monetary Affairs' exercise of the powers granted to Parliament under Regulation (EU) No 806/2014, in particular Article 56 thereof, and following the Committee on Economic and Monetary Affairs' established procedures in the matter of appointments to regulatory and supervisory bodies in the economic and financial domain.
Annex: entities or persons from whom the rapporteur has received input 1 paragraph
The rapporteur declares under her exclusive responsibility that she did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.
Information on adoption in committee responsible 1 paragraph
| Date adopted | 20.3.2024 | |
| Result of final vote | +: –: 0: | 41 8 2 |
| Members present for the final vote | Isabel Benjumea Benjumea, Gilles Boyer, Engin Eroglu, Markus Ferber, Jonás Fernández, José Manuel García-Margallo y Marfil, Valentino Grant, Claude Gruffat, José Gusmão, Michiel Hoogeveen, Stasys Jakeliūnas, France Jamet, Othmar Karas, Billy Kelleher, Ondřej Kovařík, Aurore Lalucq, Philippe Lamberts, Pedro Marques, Caroline Nagtegaal, Denis Nesci, Luděk Niedermayer, Lídia Pereira, Kira Marie Peter-Hansen, Sirpa Pietikäinen, Eva Maria Poptcheva, Antonio Maria Rinaldi, Dorien Rookmaker, Ralf Seekatz, Aušra Seibutytė, Pedro Silva Pereira, Inese Vaidere, Stéphanie Yon-Courtin, Marco Zanni | |
| Substitutes present for the final vote | Herbert Dorfmann, Eider Gardiazabal Rubial, Margarida Marques, Ville Niinistö, Henk Jan Ormel, Jessica Polfjärd | |
| Substitutes under Rule 209(7) present for the final vote | Alessandra Basso, Theresa Bielowski, Karolin Braunsberger-Reinhold, Isabel García Muñoz, Paola Ghidoni, Nicolás González Casares, Guy Lavocat, Maria Noichl, Nacho Sánchez Amor, Michaela Šojdrová, Kim Van Sparrentak, Carlos Zorrinho |