SRB announces the appointment of new Board Member
Brussels – 19 March 2018
The Single Resolution Board (SRB) announces the appointment of Mr Boštjan Jazbec as Member of the Board and Director of Resolution Planning and Decisions.
Mr Boštjan Jazbec, a Slovenian national, has been serving as Governor of the Bank of Slovenia and Member of the Governing and General Councils of the European Central Bank since 2013. In this function, he oversaw the supervision and resolution of financial institutions in Slovenia, bringing hands-on and valuable experience to the SRB. Amongst other positions, he was the Slovenian Governor of the International Monetary Fund and a Member of the Central Bank Governance Group of the Bank for International Settlements.
In line with Regulation (EU) No 806/2014, which set up the SRB, the Commission in consultation with the SRB established a shortlist for the function of Member of the Board and Director Resolution Planning and Decisions on 20 December 2017. Then the Commission proposed Mr Boštjan Jazbec as a candidate to the European Parliament. After the European Parliament gave its approval to the Commission's proposal on 21 February, the Council, acting by qualified majority, appointed Mr Jazbec on 19 March. He was selected through a stringent recruitment process.
He will replace Ms Joanne Kellerman who announced her resignation in August 2017. The date when Mr Jazbec will take up his duties will be decided in the coming days.
“Mr Jazbec has ample experience and knowledge of the banking sector and I am pleased to welcome him to the SRB. The Board Members and I look forward to working with Mr Jazbec, and am certain that his experience will contribute to the SRB’s mission, that is to make banks truly resolvable.”- Elke König, Chair of the Single Resolution Board.
“I am looking forward to be joining the SRB, and am committed to the SRB’s mission of ensuring an orderly resolution of failing banks with minimum impact on the real economy and public finances of the participating member states and beyond. I am committed to bring my previous experience to the Board and to contribute to the work of this pillar of the Banking Union.” - Boštjan Jazbec, newly appointed Member of the Board.
- BANK RECOVERY AND RESOLUTION DIRECTIVE (BRRD) 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms
- SINGLE RESOLUTION MECHANISM REGULATION (SRMR) (EU) No 806/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund
About the Single Resolution Board
The Single Resolution Board (SRB) is the central resolution authority within the Banking Union (BU). Together with the NRAs of participating Member States it forms the Single Resolution Mechanism (SRM). The SRB works closely with the European Commission (EC), the European Central Bank (ECB), the European Banking Authority (EBA) and national competent authorities (NCAs). Its mission is to ensure an orderly resolution of failing banks with minimum impact on the real economy and public finances of the participating Member States and beyond.
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