Appointment of a Single Resolution Board Member

This report concerns the European Parliament's approval of Karen Braun-Munzinger's appointment as a member of the Single Resolution Board (SRB). The SRB is responsible for resolving failing banks to ensure financial stability.

The decision directly affects Karen Braun-Munzinger, who is proposed for the role. It also involves the European Parliament's Committee on Economic and Monetary Affairs, which evaluated her credentials and held a hearing.

The appointment follows the procedure outlined in EU regulation, requiring candidates to be selected based on merit, skills, and relevant experience in banking and financial supervision. Parliament also considers gender balance in such nominations.

Karen Braun-Munzinger is appointed for a five-year term. The Parliament's decision will be formally communicated to the European Council, the Council, the Commission, and Member State governments.