The European Central Bank has appointed Matthew Elderfield, the former Deputy Governor of the Central Bank here, to a new expert group tasked with re-evaluating its annual supervisory review process.
The ECB said it had appointed five high level experts on banking supervision to review the effectiveness and efficiency of the Supervisory Review and Evaluation Process (SREP) and how it relates to other supervisory processes.
It said the group will engage with major relevant stakeholders and other international experts to gather information and perspectives on supervisory best practices.
Its mandate runs until the end of the first quarter of 2023.
The five experts appointed have international backgrounds in banking supervision and were selected based on their extensive experience in the public and private sector and with a view to achieving geographical and gender diversity.
The ECB said they will be acting independently and subject to a confidentiality agreement.
They have been appointed in a personal capacity and their participation in the group is unremunerated, it added.
As well as Matthew Elderfield, the other experts on the group are Sarah Dahlgren, a partner at McKinsey & Company, Ryozo Himino, a former Commissioner at Japan's Financial Services Agency, Fernando Restoy, Chair of the Financial Stability Institute, Bank for International Settlement and Carolyn Rogers, a Senior Deputy Governor at the Bank of Canada.
