Economics
Draghi Running Out of Time to Sort ECB Top Jobs as Brexit Looms
- Supervisory vice chair Lautenschlaeger’s term ends next month
- Some want the non-renewable term extended to ease disruption
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Mario Draghi is running out of time to say whether he’ll shake up the responsibilities of his top officials to ensure smooth leadership in the supervision of the region’s banks.
The European Central Bank president faces a deadline of Feb. 11, when Executive Board member Sabine Lautenschlaeger’s non-renewable five-year term as vice chair of bank supervision expires. He should technically give the post to another board member and allocate Lautenschlaeger a new portfolio.