Council of the European Union : Council recommends the nomination of Sabine Lautenschläger to the executive board of the ECB

COUNCIL OF THE EUROPEAN UNION
Brussels, 7 January 2014
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Council recommends the nomination of Sabine Lautenschläger to the executive board of the ECB

The Council today1 adopted a recommendation on the nomination of
Sabine Lautenschläger to the executive board of the European Central Bank, to succeed
Jörg Asmussen, who has announced his resignation.
The Council's recommendation will be submitted to the European Council for a decision, after consulting the European Parliament and the ECB governing council.
The executive board of the ECB is responsible for implementation of monetary policy for the euro area, as laid down by the governing council. It is composed of the President, a vice-president and four other members, each nominated for a non-renewable term of eight years. The governing council is composed of the six members of the executive board and the governors of the national central banks of the member states of the euro area.
Annex: Curriculum Vitae of Sabine Lautenschläger.

1 The recommendation was adopted by written procedure.

P R E S S

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[e-mail] http://www.consilium.europa.eu/press
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lSabine Lautenschlager

Deputy President of the Deutsche Bundesbank

Responsibilities

Banking and Financial Supervision, Audit

Sabine Lautenschlager

Curriculum Vitae

1964-06-03

Born in Stuttgart, Baden-Wurttemberg; married to Thomas Peiter, one daughter

1984 -1990

Studied law at the Rheinische Friedrich-Wilhelms University Bonn

1990

First state examination in law; period abroad in Chicago, USA

1994

Second state examination in law

1995 - 1998

Federai Banking Supervisory Office (Bundesaufsichtsamt fOr das Kreditwesen), Berlin; supervision of major banks

1999-2002

Federai Banking Supervisory Office, Berlin; Head of Press and Public Relations

2002-2004

Federai Financial Supervisory Authority (Bundesanstalt fOr Finanzdienstleistungsaufsicht, BaFin), Bonn; Head of Press and Public Relations/lnternal Communication

2005-2008

Federai Financial Supervisory Authority (BaFin), Bonn; Head of the Supervision of Major Banks and Selected

Commerciai Banks/ Qualitative Supervisory Standards Department

2007-2008

Member of the Senior Supervisors Group

2008-2011

Member of the Executive Board of the Federai Financial Supervisory Authority (BaFin), Bonn; Chief Executive

Director of Banking Supervision

Since 2008

Base! Committee on Banking Supervision (BCBS), Base!

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