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  • MIP NEWS

Call for non-central bank members of the Market Infrastructure Board

23 February 2023

The European Central Bank (ECB) has issued a call for competition to appoint two non-central bank members to its Market Infrastructure Board (MIB). The members should be senior officials with experience in the payments or securities industries and will be appointed in their personal capacity.

The role of these members is to share their expertise in the payments or securities industries. In addition, they will prepare and attend meetings of the MIB. The maximum mandate is 36 months and the members will not hold voting rights. The overall workload is estimated to be between 90 and 100 days per year.

The deadline for applications to the call for competition is 27 March 2023, 18:00 CET.

The Governing Council of the ECB established the MIB in March 2016 as the governance body responsible for technical and operational management tasks in the field of market infrastructure and platforms. The MIB supports the Governing Council in ensuring that the Eurosystem infrastructure services are maintained and further developed. It is responsible for the day-to-day operation of TARGET2, TARGET Instant Payment Settlement (TIPS) and TARGET2-Securities (T2S), as well as for managing all Eurosystem projects in the area of market infrastructure and payments.