European Banking Authority's board of supervisors issued an open selection procedure for its new chairperson's appointment, after the nomination in November of the current chair, Andrea Enria, as chair of the supervisory board of the Single Supervisory Mechanism.

The appointment of the EBA's new chairperson will be subject to the European Parliament's approval.

Enria will take charge in his new role as the chair of the Single Supervisory Mechanism's supervisory board from Jan. 1, 2019.