ECB bank watchdog may soon not have second-in-command before Brexit

Lautenschlaeger will end term as planned in February

The European Central Bank’s watchdog for the region’s lenders may be left without its second-in-command this month as the incumbent concludes her time in office before the Governing Council can gather to propose a successor.

“Sabine Lautenschlaeger’s five-year term as Vice Chair of the Supervisory Board will end as planned in February,” the ECB said in a statement by a spokesperson. “She will continue her eight-year term as member of the Executive Board.”

The move raises the prospect that weeks before a possible disorderly Brexit, the watchdog for the euro region’s biggest banks may be led solely by Andrea Enria, who has