On 11 March 2025, the European Parliament approved the appointment of the Vice-Chair of the Single Resolution Board (SRB), the body responsible for managing banking crises in the euro area. The vote was largely favourable: 570 votes in favour, 46 against and 29 abstentions.
The Single Resolution Board is an agency of the European Union created after the 2008 financial crisis. Its role is to plan and implement the resolution of failing banks in euro area countries, in order to avoid disorderly bankruptcies that could threaten financial stability. The SRB is headed by a Chair and a Vice-Chair, appointed for a five-year term. The proposal for the appointment of the Vice-Chair was submitted by the European Commission after consulting Parliament.
The European Parliament gave its approval to the appointment of the new Vice-Chair of the SRB. This decision follows a thorough examination of the candidate's qualifications, notably during a public hearing organised by the Committee on Economic and Monetary Affairs. The report by MEP Aurore Lalucq (France, S&D) recommended approval, which Parliament followed.
The vote took place by roll call (secret electronic ballot). The results are as follows:
The required absolute majority was 376 votes (half of the 751 MEPs in Parliament). With 570 votes in favour, the threshold was largely exceeded.
This appointment may seem technical, but it has a concrete impact for European citizens. The SRB is a key player in the Banking Union, which aims to ensure that failing banks are managed in an orderly manner, without placing the burden on taxpayers. By approving a competent Vice-Chair, Parliament helps strengthen the stability of the banking system, which protects citizens' savings and avoids financial crises like that of 2008. The new Vice-Chair will work alongside the Chair to prepare resolution plans for banks and coordinate actions with national authorities.
Approximate match via declared fields of interest. This does not prove influence on this vote.
