The European Central Bank (ECB) is moving forward with the process to fill the vacancy left by Isabel Schnabel. Nominations to succeed her must be submitted by October 28, according to people familiar with the matter. The timetable was agreed upon by euro-zone finance ministers and includes a potential agreement on a candidate as soon as November 9.
Discussions on the matter are confidential, which is why the sources declined to be identified. Schnabel, a prominent German official at the ECB, is set to leave her post, prompting the search for a suitable replacement. The deadline for applications is crucial to ensure a smooth transition.