Frank Elderson Named Vice‑Chair of the ECB Supervisory Board

The European Parliament voted on 10 February 2026 to approve the European Central Bank’s (ECB) proposal to keep Frank Elderson as Vice‑Chair of the ECB’s Supervisory Board. Elderson has been a member of the ECB’s Executive Board since 15 December 2020 and was named Vice‑Chair on 24 February 2021 for a five‑year term. The ECB asked Parliament to extend his Vice‑Chair term to match the end of his Executive Board term, which ends in 2025.

The Parliament’s Committee on Economic and Monetary Affairs examined Elderson’s qualifications, held a hearing with him on 28 January 2026, and confirmed that he meets the rules on experience, gender balance and conflict‑of‑interest. The decision follows EU regulations that require Parliament’s approval for such appointments and that the ECB must promote gender balance in senior banking roles.

The Parliament’s decision instructs the President to send the approval to the Council, the Commission, the ECB and the governments of all Member States.