News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Regulation

EBA’s Enria gets nod for top eurozone supervising job

Two Italian nationals will sit at the top of the ECB in the next year, just as a eurosceptic Italian government is challenging the EU’s fiscal rules

Andrea Enria, chairman of the European Banking Authority and newly-appointed head of the Single Supervisory Mechanism
Andrea Enria, chairman of the European Banking Authority and newly-appointed head of the Single Supervisory Mechanism Photo: Getty Images

The European Central Bank has chosen Andrea Enria, the current chairman of the European Banking Authority, as the next head of its supervisory arm. The seasoned bureaucrat has been promoted to the key job at a time when governments are still divided over the future of the area’s banking union.

Enria was chosen in a secret ballot on November 7 by the ECB’s 25-strong governing council, the central bank’s top ruling body, over Sharon Donnery, the deputy governor of the Central Bank of Ireland.

WSJ Logo