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Report: ECB wants female candidates for top supervision roles, extends deadline

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Report: ECB wants female candidates for top supervision roles, extends deadline

The European Central Bank extended its original May 15 deadline of filling three top jobs at its supervision arm to June 12, following its failure to recruit women for the roles, Reuters reported, citing two unnamed sources.

The sources told the newswire that although ECB is under no legal obligation to hire women for these positions, hiring only men puts the bank in an unfavorable political light and would also likely delay the approval of board member Yves Mersch to be appointed vice chair of the supervisory board.

The conflict on gender inequality could also potentially slow the parliamentary approval of ECB board members, Reuters noted

The ECB has faced criticism from European lawmakers for its lack of gender diversity, with only one woman currently serving on its 25-member governing council and few on the supervisory board.

Following the replacement of two of its top female bank supervisors, Danièle Nouy and Sabine Lautenschlaeger, by men, the pressure to improve the bank's gender balance has increased. According to the sources, there should be at least two women filling the six internal supervisory board seats to diffuse the political tension over the lack of gender diversity, the report said.