The European Banking Authority (EBA) announced on 12 May 2026 that the European Commission has launched a call for candidates for the Board of Appeal of the three European Supervisory Authorities (ESAs). The Board of Appeal is a joint body that reviews decisions taken by the EBA, the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA). The call seeks to fill six positions for a term of five years, with the possibility of renewal. Candidates must have relevant professional experience and independence from the ESAs and national authorities.
The Board of Appeal plays a key role in ensuring legal recourse for parties affected by ESA decisions. It consists of six members and six alternates, appointed by the ESAs' Board of Supervisors. The current call is part of a regular renewal process to maintain the board's expertise and independence. The deadline for applications is 30 June 2026, with appointments expected later in the year.
This announcement follows the ESAs' ongoing efforts to strengthen their governance and accountability frameworks. The Board of Appeal has handled several high-profile cases in recent years, including appeals against EBA decisions on bank stress tests and ESMA rulings on short-selling bans. The new members will be expected to uphold the highest standards of impartiality and legal rigor.
Stakeholders impacted include financial institutions, which may seek review of supervisory decisions; national competent authorities, whose decisions may be challenged; and the ESAs themselves, which rely on the Board of Appeal to ensure their actions are legally sound. The call for candidates is open to EU nationals with legal or financial expertise, and the selection process will be transparent and merit-based.
The European Commission will evaluate applications and propose a shortlist to the ESAs' Board of Supervisors for appointment. The new board members are expected to take office by the fourth quarter of 2026. This process underscores the EU's commitment to robust oversight and legal protection in the financial sector.
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