Appointment of François-Louis Michaud as EBA Chairperson

EU Council Press Releases

Published March 30th, 2026

Detected March 30th, 2026

Summary

The Council of the European Union formally appointed François-Louis Michaud as chairperson of the European Banking Authority (EBA) for a five-year term starting 16 April 2026. The appointment was made following the EBA board of supervisors shortlisting two candidates, interviews in January 2026, and confirmation by the European Parliament on 10 March 2026. The appointment may be extended once upon completion of the initial term.

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What changed

The Council of the EU formally appointed François-Louis Michaud as the new chairperson of the European Banking Authority on 30 March 2026. Mr. Michaud will assume the role on 16 April 2026 for an initial five-year term that may be extended once. The selection process involved the EBA's board of supervisors providing a shortlist of two candidates, with interviews conducted in January 2026, provisional agreement by EU ambassadors following a secret ballot, and final confirmation by the European Parliament on 10 March 2026.

This appointment represents a leadership transition at the EBA and does not create new compliance obligations for regulated entities. Banks and financial institutions should be aware of the leadership change as the new chairperson may set different supervisory priorities during their term. The EBA, based in Paris, continues its mandate to ensure effective and consistent prudential regulation and supervision across the EU banking sector, including EU-wide stress tests and oversight of critical third-party ICT service providers to financial entities.

Source document (simplified)

Council of the EU
Press release
30 March 2026 10:32

Council appoints François-Louis Michaud chair of the European Banking Authority

The Council today formally appointed François-Louis Michaud as chairperson of the European banking authority (EBA). Mr Michaud will take up the role on 16 April 2026. His term of office will run for a five-year period and may be extended once.

To appoint a new chair, the EBA’s board of supervisors provided the Council with a shortlist of two candidates. Following interviews with the candidates in January 2026, EU ambassadors provisionally agreed on the appointment of Mr Michaud following a secret ballot procedure. For its part, the European Parliament confirmed the appointment on 10 March 2026.

Background

The EBA is a Paris-based, independent EU financial authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Among other tasks, the EBA assesses risks and vulnerabilities in the EU banking sector through regular risk assessment reports and EU-wide stress tests. It is also lead overseer for critical third-party ICT service providers to financial entities in the EU.

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