ECB's Jazbec Quits as Slovenian Governor for EU Bank Agency

Bostjan Jazbec, a member of the European Central Bank’s Governing Council, will step down as the head of Slovenia’s monetary authority April 30, opening the way for a new government to choose his replacement after elections this summer.

Jazbec will become a member of the Single Resolution Board, the European Union body responsible for the orderly winding down of banks. His normal term at the head of the National Bank of Slovenia would have ended in July 2019. He will be replaced by his deputy Primoz Dolenc, who will also attend ECB meetings, central bank spokeswoman Bojana Leskovar said. It’s unclear whether he’ll be able to vote on ECB decisions, she said.