The cabinet is putting Frank Elderson forward as a candidate for the European Central Bank. The lawyer Elderson has been a member of the Executive Board of De Nederlandsche Bank since July 2011. According to Minister Hoekstra, Elderson is an excellent candidate to succeed the Luxembourger Yves Mersch as a member of the ECB board at the end of this year.
At the DNB, Eldersons responsibilities include the supervision of banks and legal affairs. He is already a member of the Supervisory Board of the European Central Bank.
According to the Ministry of Finance, Elderson brings with him a wealth of experience as a central banker, supervisor and crisis manager. “He is internationally recognised for his pioneering role in green recovery and sustainable financing,” says Finance.
Countries can propose candidates for the succession of Mersch for another two weeks. Whether Elderson will be appointed should become clear later on.