CEBS elects new chair

18 January 2006

Mme Dani?le Nouy, Secretary General of the French Banking Commission (Commission Bancaire), has been elected Chair of the Committee of European Banking Supervisors (CEBS). She replaces Jos? Mar?a Rold?n, Director General of Banking Regulation of the Bank of Spain, who has held the post since CEBS became operational in 2004, and whose two-year term as Chair has expired. Mme Nouy served as Vice Chair during Mr. Rold?n's chairmanship.

Mme Nouy has broad international experience in banking supervision. She served as Secretary General of the Basel Committee on Banking Supervision from 1998 to 2003 and as Deputy Secretary General from 1996 to 1998.

Mme Nouy joined the Banque de France in 1974. She has held several senior positions at the French Banking Commission, including Head of Research and Policy Analysis, Director of Banking Supervision, and Special Deputy to the General Secretary.

Commenting on her election as Chair, Mme Nouy said:

"I am delighted to take up this important role at a time when financial markets and supervision are evolving in Europe. The environment in which we operate demands enhanced cooperation between supervisors, and CEBS is responding with several sets of new guidelines that should promote convergence in supervisory practices. CEBS owes a great deal to the outgoing Chair and it will be a huge challenge to replace a Chair with such an incredible track record. Thanks to him, the Secretariat, and our members, CEBS has been able to work effectively and at full capacity. Our focus now turns to implementation and application of CEBS guidelines. A real test of convergence will be the practical day-to-day supervision of cross-border banking groups. These are the areas in which I will expect CEBS to deliver results from now on."

Mr. Helmut Bauer, Chief Executive Director of Banking Supervision of the German Financial Supervisory Authority (BaFin), has taken over as Vice Chair of CEBS. Prior to joining BaFin in 2002, Mr Bauer held a senior position at the Financial Services Authority (FSA) in London.

Mr. Andrzej Reich, Director of the Supervisory Policy Division at the General Inspectorate of Banking Supervision at the Polish Central Bank, has been elected as a new member of the CEBS Bureau. The role of the Bureau is to prepare and discuss matters of strategic importance. It also provides advice and assists the Chair and the Committee in budgetary and administrative matters. Other members of the Bureau are the CEBS Chair and Vice Chair, Committee members Andreas Ittner and Kerstin af Jochnick.

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