09 July 2020
After a plenary vote in the European Parliament on 8 July 2020, François-Louis Michaud was confirmed as the new Executive Director of the European Banking Authority (EBA). François-Louis Michaud, who will serve a five-year renewable term, was selected by the EBA Board of Supervisors from a shortlist of candidates compiled by the EBA Selection Committee.
Upon news of his confirmation by the European Parliament, Francois-Louis Michaud said:
I am honoured to have been confirmed by the European Parliament as the new Executive Director of the European Banking Authority, and I look forward to working with its Chairperson, its Board and its staff. I am fully committed to ensuring that the EBA fulfils its mandate and contributes to having a banking sector which adequately supports the European economy, especially at the current difficult juncture. I will dedicate all my efforts to make sure the EBA operates as a transparent and trusted, effective and efficient European Authority. One of my key priorities as Executive Director will be to ensure gender balance at all levels of the organisation.