Following a call for candidates in January 2011, the European Commission approved a shortlist of candidates for the Board of Appeal in April 2011. Building on that shortlist, in June 2011, the Joint Committee of the ESAs adopted a proposal for appointing the members of the Board of Appeal (see list below). The Management Boards of the ESAs have each adopted their decisions following consultation with their respective Boards of Supervisors. The two alternates chosen by ESMA did not accept their appointment. Therefore, ESMA expects to appoint replacements from the existing shortlisted candidates shortly.

The Joint Board of Appeal comprises six members and six alternates appointed for a term of five years, extendable once. The appointed members forming the body are senior experts in the fields of banking, insurance, occupational pensions, securities markets or other financial services.

EIOPA

Noel Guibert (Member, FR), Retired, formerly International Director of the Autorité de Contrőle des Assurances et des Mutuelles                                

Anna Konstantinou (Alternate, GR), Legal Adviser and General Director of the Motor Insurers’ Bureau of Greece

Beata Maria Mrozowska (Member, PL), Legal Counsel, Hogan Lovells              

Bob Wessels (Alternate, NL), Professor of International Insolvency Law, Leiden University

ESMA

Arthur Docters van Leeuwen (Member, NL), Chairman of Advisory Board, Independent Risk Solutions; formerly Chairman of the Committee of European Securities Regulators and of the Netherlands Authority for Financial Markets

Juan Fernandez-Armesto (Member, ES), Arbitrator, formerly Chairman of the Spanish Securities and Exchange Commission

EBA

William Blair (Member, UK), High Court Judge, Queen’s Bench Division

Giuseppe Godano (Alternate, IT), Retired, formerly lecturer, International and EU law, Universities of Rome and Cassino

Katalin Mero (Member, HU), Associate professor, Department of Finance and Accounting, International Business School, Budapest

Pat McArdle (Alternate, IE), Adviser to the Independent Review Panel on the Irish Department of Finance

Next steps

The members of the Board of Appeal will elect a president from amongst them who will have the responsibility of convening the Board when necessary. The Board will also develop and adopt its rules of procedure and provide information for parties on how to file appeals.

Note to Editors:

The European Insurance and Occupational Pensions Authority (EIOPA) was established as a result of the reforms to the structure of supervision of the financial sector in the European Union. The reform was initiated by the European Commission, following the recommendations of a Committee of Wise Men, chaired by Mr. de Larosiere, and supported by the European Council and Parliament.

EIOPA is part of the European System of Financial Supervision consisting of three European Supervisory Authorities, the National Supervisory Authorities and the European Systemic Risk Board. It is an independent advisory body to the European Parliament and the Council of the European Union.

EIOPA’s core responsibilities are to support the stability of the financial system, transparency of markets and financial products as well as the protection of insurance policyholders, pension scheme members and beneficiaries.