The Supervisory Board meets twice a month to discuss, plan and carry out the ECB’s supervisory tasks. It proposes draft decisions to the Governing Council under the non-objection procedure. It is composed of Chair (appointed for a non-renewable term of five years), Vice-Chair (chosen from among the members of the ECB's Executive Board) four ECB representatives and representatives of national supervisors. If the national supervisory authority designated by a Member State is not a national central bank (NCB), the representative of the competent authority can be accompanied by a representative from their NCB. In such cases, the representatives are together considered as one member for the purposes of the voting procedure.
The Supervisory Board meets twice a month to discuss , plan and carry out the ECB ’s supervisory tasks . It proposes draft decisions to the Governing Council under the non - objection procedure . It is composed of Chair ( appointed for a non - renewable term of five years ) , Vice - Chair ( chosen from among the members of the ECB 's Executive Board ) four ECB representatives and representatives of national supervisors . If the national supervisory authority designated by a Member State is not a national central bank ( NCB ) , the representative of the competent authority can be accompanied by a representative from their NCB . In such cases , the representatives are together considered as one member for the purposes of the voting procedure .
How long is the term for the Chairman of the Supervisory Board?
How long is the term for the Chairman of the Supervisory Board ?
appointed for a non-renewable term of five years
appointed for a non-renewable term of five years