report parliamentary committee draft, 24 February 2025
On the proposal for the appointment of the Vice-Chair of the Single Resolution Board
Document ECON-PR-770020 · (N10-0006/2025 – C100032/2025 – 2025/0903(NLE))
Committee on Economic and Monetary Affairs · Rapporteur: Aurore Lalucq
AI:In short
This draft report concerns Parliament's decision on the appointment of Miguel Carcaño Saenz Cenzano as Vice-Chair of the Single Resolution Board. It approves the appointment for five years, based on his qualifications and hearing.
Position. The Committee on Economic and Monetary Affairs proposes to approve the appointment of Miguel Carcaño Saenz Cenzano as Vice-Chair of the Single Resolution Board for five years.
Key points
- Parliament approves the appointment of Miguel Carcaño Saenz Cenzano as Vice-Chair of the Single Resolution Board for a period of five years.
- The appointment is based on merit, skills, knowledge of banking and financial matters, and experience relevant to financial supervision, regulation and bank resolution.
- Parliament is committed to ensuring gender balance in top positions in banking and financial services, and calls on all Union and national institutions to implement concrete measures.
- The Commission adopted a shortlist on 15 January 2025 and provided it to Parliament, then proposed the candidate on 19 February 2025.
- The Committee on Economic and Monetary Affairs evaluated the candidate's credentials and held a hearing on 3 March 2025.
Who is affected
- Miguel Carcaño Saenz Cenzano, as the proposed Vice-Chair of the Single Resolution Board, would serve a five-year term if approved.
- The Single Resolution Board, which gains a Vice-Chair subject to Parliament's approval.
Figures and deadlines
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Full text
Proposal for a european parliament decision 18 paragraphs
(N10-0006/2025 – C100032/2025 – 2025/0903(NLE))
(Approval)
The European Parliament,
–having regard to the proposal of the Commission of 19 February 2025 for the appointment of Miguel Carcaño Saenz Cenzano as Vice-Chair of the Single Resolution Board (C100032/2025),
–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 135 of its Rules of Procedure,
–having regard to the report of the Committee on Economic and Monetary Affairs (A100000/2025),
A.whereas Article 56(4) of Regulation (EU) No 806/2014 provides that the Vice-Chair of the Single Resolution Board referred to in Article 56(3) of that Regulation is 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 15 January 2025 the Commission adopted a shortlist for the position of a Vice-Chair 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 19 February 2025, the Commission adopted a proposal to appoint Miguel Carcaño Saenz Cenzano as Vice-Chair 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 Vice-Chair 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 3 March 2025, the Committee on Economic and Monetary Affairs held a hearing with Miguel Carcaño Saenz Cenzano, at which he made an opening statement and then answered questions put by members of the Committee;
1.[Approves the appointment of Miguel Carcaño Saenz Cenzano as Vice-Chair of the Single Resolution Board for a period of five years] [Declines to approve the appointment of Miguel Carcaño Saenz Cenzano as Vice-Chair of the Single Resolution Board and asks for the proposal to be withdrawn and for a new one to be submitted];
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.