The Supervisory Board meets twice a month to discuss, plan and carry out the ECB’s supervisory tasks. It proposes draft decisions to the Governing Council under the non-objection procedure. It is composed of Chair (appointed for a non-renewable term of five years), Vice-Chair (chosen from among the members of the ECB's Executive Board) four ECB representatives and representatives of national supervisors. If the national supervisory authority designated by a Member State is not a national central bank (NCB), the representative of the competent authority can be accompanied by a representative from their NCB. In such cases, the representatives are together considered as one member for the purposes of the voting procedure. COUNT 5
QSN1 What does the Supervisory Board discuss at it's meetings? ANS1 discuss, plan and carry out the ECB’s supervisory tasks QSN2 How long is the term for the Chairman of the Supervisory Board? ANS2 appointed for a non-renewable term of five years QSN3 How long is the term for Vice-Chair of the Supervisory Board? ANS3 chosen from among the members of the ECB's Executive Board QSN4 Besides the Chair and Vice-Chair, who else is on the Supervisory Board? ANS4 four ECB representatives and representatives of national supervisors QSN5 What happens if the national supervisory authority designated by a Member State is not a national central bank? ANS5 the representative of the competent authority can be accompanied by a representative from their NCB