(Bloomberg) — The race to clinch the European Central Bank’s final vacancy on its Executive Board for half a decade has just two contenders, both of them male.
Both candidates — Dutch central bank official Frank Elderson and former Slovenian Governor Bostjan Jazbec — have expertise in financial supervision, befitting the likelihood that the position will bring with it the role of second-in-command at the euro zone’s watchdog for lenders.
The two of them will now vie for the role of replacing Yves Mersch, whose term at the ECB, along with his stint as vice chair of the Single Supervisory Mechanism, ends in mid-December. Euro-area finance ministers will make the selection in coming weeks.
With all four of Europe’s biggest economies represented on the six-person board, the vacancy created by Mersch’s departure offered a rare opportunity for a smaller country to clinch the