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REPORT (N10-0003/2026 – C100018/2026 – 2026/0801(NLE))

On the Council recommendation on the appointment of the VicePresident of the European Central Bank

A-10-2026-0038

Committee on Economic and Monetary Affairs · Rapporteur: Aurore Lalucq

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The Committee on Economic and Monetary Affairs delivers a favourable opinion on the Council recommendation to appoint Boris Vujčić as Vice-President of the European Central Bank for a term of 8 years from 1 June 2026. The committee evaluated his credentials against Article 283(2) of the Treaty on the Functioning of the European Union and the need for ECB independence under Article 130, receiving his curriculum vitae, written questionnaire replies and holding a hearing on 25 February 2026. The annexes set out his curriculum vitae and his replies to the questionnaire, covering monetary policy, financial stability, payments and digitalisation, and the functioning of the ECB.

Committee position. The Committee on Economic and Monetary Affairs delivers a favourable opinion on the Council recommendation to appoint Boris Vujčić as Vice-President of the European Central Bank, after evaluating his credentials and holding a hearing.

Key points

  1. Parliament's committee delivers a favourable opinion on the Council recommendation to appoint Boris Vujčić as Vice-President of the European Central Bank.
  2. The appointment is for a term of office of 8 years, with effect from 1 June 2026, following consultation of Parliament by the European Council by letter of 30 January 2026.
  3. The committee evaluated his credentials in view of Article 283(2) of the Treaty on the Functioning of the European Union and the need for full ECB independence under Article 130, receiving his curriculum vitae and questionnaire replies.
  4. The committee held a hearing with him on 25 February 2026, at which he made an opening statement and answered questions from committee members.
  5. In his replies, he states his guiding objective would be a monetary policy serving all euro area citizens, focused on price stability and financial stability, while safeguarding ECB independence and honouring accountability to Parliament.
  6. He supports the savings and investments union, completing the banking union, building financial system resilience against climate change, and developing the digital euro as an alternative to foreign payment service providers.
  7. He warns that relaxing prudential regulations would not boost bank lending and would lead to higher leverage and less resilience, since capital constraints are not a relevant factor in tightening bank lending.
  8. He says the ECB should address financial stability risks through macroprudential and supervisory tools rather than changing the monetary policy stance, and supports completing the macroprudential framework, including regulation of non-bank financial intermediaries.
  9. He supports the ECB High Level Task Force recommendations on simplification, including maintaining resilience, effectiveness, European harmonisation and international cooperation, and shifting prudential legislation from directives toward directly applicable regulations.
  10. He calls for full and timely implementation of internationally agreed reforms on non-bank financial institutions, more integrated EU-level supervision of funds and asset managers, and conferring macroprudential functions on ESMA.
  11. He says the digital euro would complement cash, reduce reliance on non-European payment platforms, and strengthen monetary sovereignty, and that the Eurosystem's Pontes and Appia tracks will enable settling distributed ledger technology transactions in central bank money.
  12. He commits to maintaining openness and constructive engagement with Parliament, supporting gender balance measures, and respecting the Treaty-based appointment procedure.

Who is affected

  • Boris Vujčić, whose appointment as Vice-President of the European Central Bank is recommended for an 8-year term from 1 June 2026.
  • The European Central Bank, whose independence, accountability and policy framework the candidate addresses throughout his replies.
  • The European Parliament, which is consulted on the appointment and to which the ECB is accountable.
  • Euro area citizens, whom the candidate says monetary policy should serve, with price stability as the primary objective.

Figures and deadlines

  • 8 years: the term of office for the appointment, with effect from 1 June 2026.
  • 26 January 2026: date of the Council's recommendation.
  • 30 January 2026: date of the European Council's letter consulting Parliament.
  • 25 February 2026: date of the committee hearing with the candidate.
  • 2 June 1964: date of birth of Boris Vujčić.
  • 30 March 2026: date from which the Eurosystem will enable the use of marketable assets issued in central security depositories using DLT-based services as eligible collateral.
  • End of the third quarter of 2026: target for Pontes to provide a single Eurosystem solution linking DLT platforms and TARGET services, with the start of a pilot.
  • 50% of managers and 63% of employees at the Croatian National Bank (as of 2024) are women.

Legal basis: Article 283(2), second subparagraph, of the Treaty on the Functioning of the European Union.