The Austrian Financial Market Authority (FMA) has reorganised Austria’s representatives in the European System of Financial Supervision.
Executive Board Member Mariana Kühnel is the new Member of the European Banking Authority (EBA) Board of Supervisors (BoS) and remains BoS Member for the European Insurance and Occupational Pensions Authority (EIOPA).
Oliver Schütz, who assumed office as Executive Board Member on 1 November 2026 is the new Supervisory Board Member for ECB Banking Supervision (SSM) and BoS Member of the European Securities and Markets Authority (ESMA).
The European System of Financial Supervision brings together the national supervisory authorities and the three European institutions – EBA, EIOPA and ESMA. Ongoing supervision generally still takes place on a national basis, while European Supervisory Authorities (ESAs) are primarily responsible for drawing up harmonised rules, common supervisory standards, and for convergence and coordination, while also having direct supervisory powers in certain areas. Within the euro area, there is also the Banking Union for banking supervision: The ECB and national banking supervisions authorities work together in the Single Supervisory Mechanism (SSM), with the ECB directly supervising significant banks.
Journalists may address further enquiries to
Boris Gröndahl (FMA Media Spokesperson)
Telephone: +43/(1)249/59-6010
Mobile: +43 676 8824 9995
E-Mail: [email protected]