Selection Panel

A Selection Panel is established (article 4A of Law 3864/2010) for the selection of the members of the Executive Board and the General Council of the HFSF, whose composition is endorsed by decision of the Minister of Finance.

The Selection Panel is composed of six (6) independent expert members, of recognized integrity, of which three (3), including the Chairman, are appointed by the European Commission, the European Central Bank and the European Stability Mechanism, accordingly, two (2) by the Minister of Finance and one (1) by the Bank of Greece.

The above five appointing institutions and authorities will each have an observer to the Selection Panel. The term of the Selection Panel is for two (2) years, which can be renewed.