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Irish, Italian candidates in running to chair eurozone bank watchdog

The chair of the eurozone's Single Supervisory Mechanism Danièle Nuoy will soon leave office, and the ECB has advertised the vacancy. Two Italians are reported as candidates, while one Irish banker has applied for the job.

Photo: /ritzau/AP/Michael Probst

In the new year, the eurozone's Single Supervisory Mechanism (SSM) will have a new chair, and up until the end of August, it was possible to apply for the job. The process of finding the right candidate is now beginning.

The SSM is a banking watchdog for the entire eurozone and works in close cooperation with the national supervisory authorities to oversee the banks.

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