Single Resolution Board Chair's term of office extended

On 18 December, the mandate of Ms Elke König, Chair of the Single Resolution Board (SRB) was extended for additional five years as of 23 December 2017. Ms König was appointed Chair of the SRB at the end of 2014 for an initial period of three years. 

Yesterday’s decision follows a hearing of the SRB Board in its plenary session on 10 October 2017. The European Commission proposal was transmitted to the European Parliament for approval on 4 December 2017, after which the Council was informed. The European Parliament approved the proposal on 12 December 2017.

Following that approval, the Council adopted yesterday an implementing decision to extend the mandate for additional 5 years, until 22 December 2022.