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DRAFT REPORT (N9-0006/2024 – C90064/2024 – 2024/0901(NLE))

On the proposal for the appointment of a member of the Single Resolution Board

ECON-PR-759751

Committee on Economic and Monetary Affairs · Rapporteur: Irene Tinagli

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This draft report concerns the appointment of Karen Braun-Munzinger as a member of the Single Resolution Board. The rapporteur proposes that Parliament either approve the appointment for five years or decline to approve it and ask for the proposal to be withdrawn. The report notes that the Commission adopted a shortlist on 21 February 2024 and proposed the candidate on 12 March 2024. The committee held a hearing with the candidate on 20 March 2024.

Committee position. The rapporteur proposes that Parliament either approve the appointment of Karen Braun-Munzinger as a member of the Single Resolution Board for five years or decline to approve it and ask for the proposal to be withdrawn and a new one submitted.

Key points

  1. The report is on the proposal for the appointment of Karen Braun-Munzinger as a member of the Single Resolution Board.
  2. The Commission adopted a shortlist for the position on 21 February 2024 and provided it to Parliament.
  3. On 12 March 2024, the Commission adopted a proposal to appoint Karen Braun-Munzinger and transmitted it to Parliament.
  4. The Committee on Economic and Monetary Affairs evaluated the candidate's credentials, particularly against the requirements in Article 56(4) of Regulation (EU) No 806/2014.
  5. The committee held a hearing with Karen Braun-Munzinger on 20 March 2024, where she made an opening statement and answered questions.
  6. The report proposes that Parliament either approve the appointment for a period of five years or decline to approve it and ask for the proposal to be withdrawn and a new one submitted.
  7. The report recalls that members of the Single Resolution Board are appointed on the basis of merit, skills, knowledge of banking and financial matters, and experience relevant to financial supervision, regulation and bank resolution.
  8. The report states that Parliament is committed to ensuring gender balance in top positions in banking and financial services and that all Union and national institutions should implement concrete measures to ensure gender balance.

Who is affected

  • Karen Braun-Munzinger, proposed as a member of the Single Resolution Board.
  • The Single Resolution Board, which would gain a new member if the appointment is approved.
  • The Commission, which proposed the appointment and would need to submit a new proposal if Parliament declines to approve.

Figures and deadlines

  • 21 February 2024: date the Commission adopted the shortlist for the position.
  • 12 March 2024: date the Commission adopted the proposal to appoint Karen Braun-Munzinger.
  • 20 March 2024: date the Committee on Economic and Monetary Affairs held a hearing with Karen Braun-Munzinger.
  • five years: proposed duration of the appointment if approved.

Legal basis: Article 56(6) of Regulation (EU) No 806/2014.