The European Central Bank has extended Frank Elderson’s mandate as Vice-Chair of the Supervisory Board until the end of his term as ECB Executive Board member, ending on December 14, 2028.
The European Central Bank (ECB) has announced the extension of Frank Elderson’s term as Vice-Chair of the Supervisory Board. The extension aligns with his ongoing role as a member of the ECB Executive Board.
The decision was made following the approval by the European Parliament on 10 February, based on the proposal from the ECB Governing Council on 17 December. Mr Elderson’s mandate as Vice-Chair will now continue until the end of his ECB Executive Board term, which concludes on 14 December 2028.
Frank Elderson expressed his commitment to maintaining financial stability and addressing challenges such as geopolitical risks, cyber threats, and climate crises. He emphasized the importance of forward-looking, effective, and proportionate banking supervision in Europe.
