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France’s Daniele Nouy Appointed as ECB Bank Oversight Chief

A publicity-shy French woman who shepherded her country’s lenders through the dark days of Europe’s debt crisis has become the chief supervisor of euro-area banks.

The European Parliament appointed Daniele Nouy to the helm of the European Central Bank’s oversight arm by a vote in Strasbourg, France, today of 555 in favor and 50 opposed with 52 abstentions. She’ll have one year to help to build the institution from the ground up and get it ready to assume its supervisory powers in full next November.