{"id":80925,"date":"2023-09-14T04:03:42","date_gmt":"2023-09-14T02:03:42","guid":{"rendered":"https:\/\/zen-hopper.82-223-81-17.plesk.page\/2023\/09\/14\/ecb-rules-out-spains-margarita-delgado-to-chair-supervisory-mechanism\/"},"modified":"2023-09-14T04:03:42","modified_gmt":"2023-09-14T02:03:42","slug":"ecb-rules-out-spains-margarita-delgado-to-chair-supervisory-mechanism","status":"publish","type":"post","link":"https:\/\/thediplomatinspain.com\/en\/2023\/09\/14\/ecb-rules-out-spains-margarita-delgado-to-chair-supervisory-mechanism\/","title":{"rendered":"ECB rules out Spain&#8217;s Margarita Delgado to chair supervisory mechanism"},"content":{"rendered":"<h6><strong>The Diplomat<\/strong><\/h6>\n<p>&nbsp;<\/p>\n<p><strong>The Governing Council of the European Central Bank (ECB) has proposed German Claudia Buch, currently vice president of the Bundesbank, for the position of president of the ECB&#8217;s Supervisory Board, which would leave out the deputy governor of the Bank of Spain, Margarita Delgado, despite being the candidate preferred by the European Parliament.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>As reported by Europa Press, the Council has presented Buch&#8217;s candidacy to the European Parliament. The German would take office as of January 1, 2024, replacing the Italian Andrea Enria, whose term of office expires at the end of the year. The ECB&#8217;s decision is not final.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>Delgado was among the main candidates, but, according to the specialized press, her choices have been conditioned by the presence of several Spaniards at the top of several EU financial institutions, taking into account the traditional balance maintained by senior officials from Spain, Italy, Germany and France.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>This is the case of the vice-presidency of the ECB, held by Luis de Guindos; or the presidency of the European Banking Authority (EBA), held by Jos\u00e9 Manuel Campa. In addition, the governor of the Bank of Spain, Pablo Hern\u00e1ndez de Cos, chairs the Basel Committee, and Fernando Restoy heads the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS).<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Governing Council of the European Central Bank (ECB) has proposed German Claudia Buch, currently vice president of the Bundesbank, for the position of president of the<\/p>\n","protected":false},"author":1,"featured_media":52542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[187],"tags":[],"class_list":["post-80925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-brief"],"yoast_head":"<!-- This site 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