VIENNA (Reuters) - Austria plans to push for a position on the European Central Bank's six-person Executive Board, where several posts are due to be vacated in the next 15 months, Finance Minister Hartwig Loeger said.
Half the positions on the board, which runs the ECB and makes policy proposals, are due to become available next year, including that of President Mario Draghi, whose term lasts until Oct. 31, 2019.
"Austria is ready to take on greater responsibilities in Europe. In particular in the ECB we want to be more actively involved and position ourselves for a post on the Executive Board," Loeger said in comments issued by his office on Thursday.
Austria is also eyeing the ECB's banking watchdog, the Single Supervisory Mechanism (SSM), whose chief Daniele Nouy is due to step down at the end of this year.
"I can also imagine us taking on greater responsibilities in banking supervision such as for example the SSM," Loeger said. He did not identify any potential Austrian candidates but said he had suitable people in mind.
Although a shortlist for the top SSM job has not yet been drawn up, Irishwoman Sharon Donnery is seen as the front-runner after winning Germany's backing, conversations with seven sources close to the matter showed.
The other two known candidates are the Italian head of the European Banking Authority, Andrea Enria, and French market regulator Robert Ophele.
(Reporting by Francois Murphy; editing by David Stamp)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
