The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed Anneli Tuominen, Director-General of Finnish financial regulator FIN-FSA, as its Vice Chair.
Ms. Tuominen’s appointment is effective immediately and is for a term of two years and a half. She succeeds Carlos Tavares, ex-Chairman of the Portuguese regulator CMVM, who has completed his term.
Anneli Tuominen has been Director General of the Finanssivalvonta (FIN-FSA) since February 2007, having joined the FIN-FSA in 1996. She is a voting member of the Supervisory Board of the Single Supervisory Mechanism (SSM), the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and a non-voting member in the European Systemic Risk Board (ESRB). She chairs the Consumer Protection and Financial Innovation Sub-Committee of the Joint Committee.
Steven Maijoor, ESMA Chair, said:
“I am delighted to announce the appointment of Anneli Tuominen as ESMA Vice Chair. As one of our longest serving members she has demonstrated her commitment to supporting ESMA in the pursuit of its goals, through her active participation as a Board Member and her previous chairmanship of the Financial Innovation Standing Committee. I look forward to working with her.
“Finally, I would like to pay tribute to Carlos Tavares who, through his contribution as Vice Chair of ESMA, as well as his roles at CESR, has made an enormous contribution to ESMA’s success to date. I wish him well for the future.”
You can view the official announcement on the appointment by clicking here.