European Council Appoints Boris Vujčić as ECB Vice-President

EU Council Sanctions Press Releases

Published March 19th, 2026

Detected March 20th, 2026

Summary

The European Council has appointed Boris Vujčić as the Vice-President of the European Central Bank for an eight-year term, effective June 1, 2026. This appointment follows consultations with the European Parliament and the ECB's Governing Council.

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What changed

The European Council has officially appointed Boris Vujčić as the Vice-President of the European Central Bank (ECB) for a non-renewable eight-year term, commencing on June 1, 2026. This appointment replaces Luis de Guindos and was made after consultation with the European Parliament and the ECB's Governing Council, with prior support from the Eurogroup.

This is a routine appointment to a key position within the ECB's executive board, which is responsible for implementing monetary policy. While this specific notice does not impose new obligations on regulated entities, compliance officers should be aware of the leadership changes at the ECB as they may influence future monetary policy decisions and regulatory guidance. No immediate compliance actions are required based on this announcement.

Source document (simplified)

European Council
Press release
19 March 2026 22:50

European Council appoints Boris Vujčić as Vice-President of the European Central Bank

The European Council today appointed Boris Vujčić as Vice-President of the European Central Bank for a non-renewable 8-year term.

The new Vice-President will replace Luis de Guindos as of 1 June 2026.

The decision was taken after having consulted both the European Parliament and the European Central Bank's Governing Council.

The Eurogroup gave its support to Mr Vujčić’s candidacy on 19 January. On 26 January 2026, the Council adopted a recommendation to the European Council on his appointment as Vice-President of the European Central Bank.

Background

Article 283(2) of the Treaty on the Functioning of the European Union specifies that appointments to the ECB executive board are made "by the European Council, acting by a qualified majority, from among persons of recognised standing and professional experience in monetary or banking matters, on a recommendation from the Council, after it has consulted the European Parliament and the governing council of the European Central Bank."

The ECB executive board is responsible for implementation of eurozone monetary policy, as laid down by the ECB governing council. It is composed of the President, the Vice-President and four other members, all appointed for non-renewable eight-year terms. The governing council is composed of the six executive board members and the governors of the national central banks of the eurozone countries.

Boris Vujčić, Vice-President-designate of the European Central Bank

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