René Smits Appointed in the ECB Administrative Board of Review

26 September 2014

Professor René Smits was appointed as an alternate member of the European Central Bank’s (ECB) Administrative Board of Review. The list of members appointed for the Administrative Board of Review, also referred to as ABoR, was published on September 9, 2014.

The ABoR consists of five members and two alternates. This board will review supervisory decisions made by the ECB regarding the prudential practice of credit institutions. As stated, the ECB will begin exercising these supervisory powers as of November 4, 2014.
Commercial banks may choose to apply to the supervisory decisions of the ECB’s ABoR first or they can appeal directly to the European Court of Justice.

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Published by  Faculty of Law