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

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

ECON-PR-784232

Committee on Economic and Monetary Affairs · Rapporteur: Aurore Lalucq

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✦ In short · AI summary of this text, generated 25 Sept 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

This is a draft report by the Committee on Economic and Monetary Affairs 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, received his curriculum vitae and questionnaire replies, and held a hearing with him on 25 February 2026. The draft decision delivers a favourable or negative opinion on the recommendation and, if negative, requests that it be withdrawn and a new one submitted. The annexes set out his curriculum vitae and his replies to the questionnaire on monetary policy, financial stability, payments, digitalisation and ECB accountability.

Committee position. The rapporteur's draft report proposes that Parliament deliver a favourable or negative opinion on the Council recommendation to appoint Boris Vujčić as ECB Vice-President, and if negative, request that the recommendation be withdrawn and a new one submitted.

Key points

  1. The committee evaluated Boris Vujčić's credentials against Article 283(2) of the Treaty on the Functioning of the European Union and the need for ECB independence under Article 130.
  2. The committee received his curriculum vitae and written questionnaire replies, and held a hearing with him on 25 February 2026.
  3. The draft decision delivers a favourable or negative opinion on the Council recommendation to appoint him as Vice-President for 8 years from 1 June 2026.
  4. If the opinion is negative, the draft requests that the recommendation be withdrawn and a new one submitted to Parliament.
  5. Vujčić states he has no business or financial holdings or other commitments that might conflict with his prospective duties.
  6. He says his guiding objective would be a monetary policy focused on price stability and safeguarding financial stability, while respecting ECB independence and accountability to Parliament.
  7. He supports the savings and investments union, completing the banking union, building financial resilience to climate change, and developing the digital euro.
  8. He warns that relaxing prudential regulations would not boost bank lending and would lead to higher leverage and less resilience.
  9. He argues the ECB should address financial stability risks mainly through macroprudential and supervisory tools, not by changing the monetary policy stance.
  10. He supports completing the banking union with a European deposit insurance scheme and missing backstops for the Single Resolution Fund and bank liquidity in resolution.
  11. He backs the ECB High Level Task Force recommendations on simplification, including a shift from directives to directly applicable regulations while preserving prudential standards.
  12. He supports the digital euro and the Pontes and Appia tracks to settle distributed ledger technology transactions in central bank money, and warns about risks from non-euro stablecoins.

Who is affected

  • Boris Vujčić, whose appointment as ECB Vice-President for 8 years from 1 June 2026 is assessed.
  • The European Central Bank, whose independence, accountability and policy framework are discussed.
  • The European Parliament, which delivers the opinion and receives the decision.
  • Euro area banks and non-bank financial institutions, affected by prudential, macroprudential and resolution rules.
  • Euro area citizens and payment users, affected by the digital euro and payment system initiatives.

Figures and deadlines

  • Term of office of 8 years, with effect from 1 June 2026.
  • Council's recommendation dated 30 January 2026.
  • Hearing with Boris Vujčić held on 25 February 2026.
  • CEE countries account for about 6.7% of euro area population and 3.6% of euro area GDP.
  • Euro area non-bank financial institutions provide around 30% of debt financing to non-financial corporations.
  • Pontes will provide a single Eurosystem solution by the end of the third quarter of 2026.
  • Eurosystem will enable DLT-issued marketable assets as eligible collateral starting from 30 March 2026.
  • 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.