{"id":6253,"date":"2020-05-12T13:31:44","date_gmt":"2020-05-12T12:31:44","guid":{"rendered":"https:\/\/unionsyndicale.eu\/?p=6253"},"modified":"2023-12-29T13:33:34","modified_gmt":"2023-12-29T12:33:34","slug":"ombudsman-move-of-former-eba-director","status":"publish","type":"post","link":"https:\/\/unionsyndicale.eu\/en\/ombudsman-move-of-former-eba-director\/","title":{"rendered":"Ombudsman: move of former EBA director"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p>The Ombudsman received a complaint about the decision of the European Banking Authority (EBA) to allow its Executive Director to take up a position as CEO of an association representing banks, the Association for Financial Markets in Europe (AFME).<\/p>\n<p>The Ombudsman conducted an inquiry, inspected the relevant EBA documents and found maladministration, first, in that the EBA should have forbidden the job move. While the EBA adopted extensive restrictions, these are not sufficient when measured against the risks involved. The Ombudsman considers that if this move does not justify the application of the option, set out in the Staff Regulations, to forbid a staff member accepting a job offer, no move would.<\/p>\n<p>Second, there was maladministration in that the EBA did not, once notified of the planned move, immediately withdraw its Executive Director\u2019s access to confidential information.<\/p>\n<p>The Ombudsman issues three recommendations to the EBA, which should (i) where necessary in future, invoke the option of forbidding its senior staff from taking up certain positions after their term-of-office. Any such prohibition should be time-limited, for example, for two years; (ii) set out criteria for when it will forbid such moves in future so as to give clarity to senior staff. Applicants for senior EBA posts should be informed of the criteria when they apply; and (iii) put in place internal procedures so that once it is known that a member of its staff is moving to another job, their access to confidential information is cut off with immediate effect.<\/p>\n<p>The EBA should reply to these recommendations within three months.<\/p>\n<p>You can find further information concerning the complaint received by the Ombudsman about the move of former EBA Executive Director <a href=\"https:\/\/www.ombudsman.europa.eu\/en\/recommendation\/en\/127638\">here<\/a>.<\/p>\n<\/div><\/div><div class=\"w-separator size_large\"><\/div><div class=\"w-separator size_medium with_line width_50 thick_3 style_solid color_primary align_center\"><div class=\"w-separator-h\"><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Ombudsman: complaint about the EBA decision to allow its former Director to take up a position as CEO of an association representing banks.<\/p>\n","protected":false},"author":2,"featured_media":1656,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70],"tags":[],"dossier-special":[],"class_list":["post-6253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ombudsman: move of former EBA director<\/title>\n<meta name=\"description\" content=\"Ombudsman: complaint about the EBA decision to allow its former Director to take up a position as CEO of an association representing banks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unionsyndicale.eu\/en\/ombudsman-move-of-former-eba-director\/\" 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