**Executive Summary**
Council Implementing Decision (EU) 2026/416, dated 17 February 2026, concerns the reappointment of Mr Frank ELDERSON as Vice-Chair of the Supervisory Board of the European Central Bank (ECB). The decision extends his term from 24 February 2026 until 14 December 2028. It will enter into force upon publication in the Official Journal of the European Union.
**Key Points / Main Content**
* **Appointment:**
* Mr Frank ELDERSON is reappointed as Vice-Chair of the ECB Supervisory Board.
* **Term of Office:**
* The second term of office is from 24 February 2026 to 14 December 2028.
* **Legal Basis:**
* The decision is based on Council Regulation (EU) No 1024/2013, which confers specific tasks on the ECB.
* **Previous Term:**
* Mr Frank ELDERSON was previously appointed on 22 February 2021, with the term ending on 23 February 2026.
* **ECB Proposal and Approval:**
* The ECB Governing Council proposed the extension on 17 December 2025.
* The European Parliament approved the proposal on 10 February 2026.
* **Entry into Force:**
* The decision will enter into force upon publication in the Official Journal of the European Union.
**Impact Analysis**
**Frank ELDERSON**
*Impact:*
Extends his term as Vice-Chair of the ECB Supervisory Board.
*Action Required:*
Continue performing duties as Vice-Chair of the ECB Supervisory Board until 14 December 2028.
**ECB Supervisory Board**
*Impact:*
Maintains continuity of leadership with the reappointment of the Vice-Chair.
*Action Required:*
Continue its operations with Mr Frank ELDERSON as Vice-Chair until 14 December 2028.
**European Central Bank (ECB)**
*Impact:*
Ensures stability and experience in its supervisory functions.
*Action Required:*
Continue the planning and execution of supervisory tasks conferred on the ECB.
**Council of the European Union**
*Impact:*
Formalizes the appointment of the Vice-Chair of the ECB Supervisory Board.
*Action Required:*
Publish the decision in the Official Journal of the European Union.
Key Entities Referenced
Council Regulation (EU) No 1024/2013: Regulation conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions
ECB Supervisory Board: The supervisory body of the European Central Bank responsible for planning and executing supervisory tasks.
Frank ELDERSON: Appointed as Vice-Chair of the ECB Supervisory Board
European Central Bank (ECB): Central bank responsible for policies relating to the prudential supervision of credit institutions.
Brussels: Location where the decision was made.
Official Journal EN
of the European Union L series
2026/416 20.2.2026
COUNCIL IMPLEMENTING DECISION (EU) 2026/416
of 17 February 2026
on the appointment of the Vice-Chair of the ECB Supervisory Board
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European
Central Bank concerning policies relating to the prudential supervision of credit institutions(1), and in particular
Article 26(3) thereof,
Whereas:
(1) On 15 October 2013, the Council adopted Regulation (EU) No 1024/2013 conferring specific tasks on the
European Central Bank (ECB) concerning policies relating to the prudential supervision of credit institutions.
(2) The planning and execution of the tasks conferred on the ECB are to be fully undertaken by its Supervisory Board,
which is composed of the Chair, the Vice-Chair and four representatives of the ECB, as well as one representative of
the national competent authority in each participating Member State.
(3) The Supervisory Board is an essential body in the exercise of supervisory tasks by the ECB. Regulation (EU)
No 1024/2013 therefore confers upon the Council the power to appoint the Chair and the Vice-Chair of the
Supervisory Board.
(4) On 22 February 2021, the Council appointed Mr Frank ELDERSON as Vice-Chair of the Supervisory Board by
Implementing Decision (EU) 2021/325(2)for a period of five years from 24 February 2021. The term of office of the
Vice-Chair of the Supervisory Board ends on 23 February 2026.
(5) At its meeting on 17 December 2025, the Governing Council of the ECB, after hearing the Supervisory Board,
proposed that the term of office of Mr Frank ELDERSON as Vice-Chair of the Supervisory Board be extended until
the end of his mandate as a member of the Executive Board of the ECB, which expires on 14 December 2028.
(6) On 17 December 2025, the ECB submitted to the European Parliament for approval a proposal to extend the term of
office of Mr Frank ELDERSON as Vice-Chair of the Supervisory Board. The European Parliament approved that
proposal on 10 February 2026,
HAS ADOPTED THIS DECISION:
Article 1
Mr Frank ELDERSON is hereby appointed as Vice-Chair of the Supervisory Board of the European Central Bank for
a second term of office, for a period from 24 February 2026 until 14 December 2028.
Article 2
This Decision shall enter into force on the date of its publication in the Official Journal of the European Union.
Done at Brussels, 17 February 2026.
For the Council
The President
M. KERAVNOS
(1) OJ L 287, 29.10.2013, p. 63, ELI: http://data.europa.eu/eli/reg/2013/1024/oj.
(2) Council Implementing Decision (EU) 2021/325 of 22 February 2021 on the appointment of the Vice-Chair of the Supervisory
Board of the European Central Bank (OJ L 64, 24.2.2021, p. 6, ELI: http://data.europa.eu/eli/dec_impl/2021/325/oj).
ELI: http://data.europa.eu/eli/dec_impl/2026/416/oj 1/1