MNI BRIEF: EU Bank Authority Chair To Be Decided Wed

The next chair of the Paris-based European Banking Authority will be decided by EU diplomats next Wednesday, officials said Friday, with the candidates including former Governor of the Central Bank of Cyprus Constantinos Herodotou and EBA Executive Director Francois-Louis Michaud.

In a recent informal consultation of EU Financial Services Committee members, Michaud was said to have enjoyed more support but the result was not considered final. Next week's decision will be decided on a simple majority. 

The successful candidate will succeed Jose Manuel Campa who is due to step down at the end of this month.     The change of leadership at the EBA is one of a number of executive changes at the top of the leading EU financial institutions over the next 18 montsh, with the new President of the ECB being the main appointment due in fall 2027. (see MNI BRIEF: To Replace De Guindos As ECB VP )