Three women are seen as the top contenders to become the European Central Bank's new supervisory chief, with Germany's Claudia Buch considered the clear favorite, conversations with a dozen sources with direct knowledge indicate.
The ECB oversees just over a hundred of the euro zone's biggest banks and needs to pick a new top supervisor to replace Andrea Enria. His five-year term expires at the end of this year, just as sharply rising interest rates challenge banks' business models.
The sources, who all spoke on condition of anonymity, were unanimous that a woman must be picked to fight a gender imbalance at the institution. Twenty-four of its current 26 Governing Council members are men and the balance on the banking Supervisory Board is only marginally better. She has done limited work in supervision, a potential weakness, but has recently been elected to the Supervisory Board after a reshuffle atop the Bundesbank.
Donnery, a deputy governor at Ireland's central bank, is seen as more of a long shot, the sources said. She was passed over for the job five years ago when Enria was picked and Irish officials already hold some key finance jobs.
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