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Delegation of powers of the Board of Directors

On 7 September and 3 October 2017, the Board of Directors of Banco de Portugal approved the following distribution of remits among its members, as well as the corresponding delegation of powers (Decision No 909/2017):
  

Governor Carlos da Silva Costa

  • Office of the Governor;
  • General Secretariat;
  • International Relations Department;
  • Economics and Research Department;
  • Audit Department, with Board Member Luís Laginha de Sousa;
  • Communication and Museum Department, with Board Member Hélder Rosalino.

 

Vice-Governor Elisa Ferreira

  • Banking Prudential Supervision Department;
  • Banco de Portugal’s Representative in the Supervisory Board of the ECB;
  • Representative of Banco de Portugal in the European Banking Authority, without prejudice to the conclusion of the mandate as EBA’s Vice-President by the Special Adviser to the Governor Pedro Duarte Neves;
  • Representative of Banco de Portugal in the ECB’s Macroprudential Forum, with Governor Carlos da Silva Costa;
  • Banco de Portugal’s Representative in the Advisory Board of CMVM (the Portuguese Securities Market Commission);
  • Banco de Portugal’s Representative in the Advisory Council of ASF (the Portuguese Insurance and Pensions Funds Supervisory Authority); 
  • Banco de Portugal’s Representative in CNSF (the National Council of Financial Supervisors);
  • Banco de Portugal’s Representative in Conselho Geral de Supervisão de Auditoria (the General Council for Audit Supervision); 
  • Chairperson of the Management Committee of Fundo de Garantia do Crédito Agrícola Mútuo (the Mutual Agricultural Credit Guarantee Fund).

 

Vice-Governor Luís Máximo dos Santos

  • Banking Conduct Supervision Department; 
  • Legal Enforcement Department; 
  • Resolution Department; 
  • Legal Services Department;
  • Chairman of the Management Committee of the Resolution Fund; 
  • Chairman of the Management Committee of the Deposit Guarantee Fund;
  • Banco de Portugal’s Representative in the Single Resolution Board; 
  • Banco de Portugal’s Representative in the Management Committee of the SII;
  • Alternate for Banco de Portugal’s representative in Agência de Gestão da Tesouraria e da Dívida Pública ‐ IGCP, E.P.E. (the Advisory Board of the Portuguese Treasury and Government Debt Agency).

 

Board member Hélder Rosalino

  • Markets and Reserve Management Department; 
  • Payment Systems Department;
  • Issue and Treasury Department;
  • Information Systems and Technology Department;
  • Communication and Museum Department, with Governor Carlos da Silva Costa;
  • Alternate for the Governor in the Governing Council of the ECB;
  • Alternate for the Governor in the International Monetary Fund;
  • Banco de Portugal’s representative in the Advisory Board of Agência de Gestão da Tesouraria e da Dívida Pública ‐ IGCP, E.P.E. (the Portuguese Treasury and Government Debt Agency);
  • Member of the Board of Sociedade Gestora dos Fundos de Pensões do Banco de Portugal (the Pension Fund Management Company of Banco de Portugal);
  • Member of the Board of Valora ‐ Serviços de Apoio à Emissão Monetária, S.A. (the Portuguese printing works); 
  • Chairman of Comissão Especializada de Gestão da Informação e Tecnologias – CEGIT (the Specialised Committee on Information and Technologies Management).

 

Board member Luís Laginha de Sousa

  • Financial Stability Department;
  • Administration Services Department;
  • Audit Department, with Governor Carlos da Silva Costa;
  • General Secretariat – as regards the Organisational Planning and Development Division;
  • Representative of Banco de Portugal in the European Systemic Risk Board (ESRB), with Governor Carlos da Silva Costa;
  • Representative of Banco de Portugal in the Economic and Financial Committee;
  • Alternate for Banco de Portugal’s Representative in the Advisory Board of CMVM (the Portuguese Securities Market Commission);
  • Alternate for Banco de Portugal’s Representative in the Advisory Council of ASF (the Portuguese Insurance and Pensions Funds Supervisory Authority);
  • Alternate for Banco de Portugal’s Representative in the CNSF (the National Council of Financial Supervisors);
  • Alternate for Banco de Portugal’s Representative in Conselho Geral de Supervisão de Auditoria (the General Council for Audit Supervision);
  • Alternate for Banco de Portugal’s Representative in the Management Committee of the SII.

 

Board member Ana Paula Serra

  • Human Resources Department;
  • Statistics Department;
  • Accounting Department;
  • Risk Management Department;
  • General Secretariat – as regards the Compliance Office;
  • Social Fund of Banco de Portugal’s employees.

 

Alternate in the Supervisory Board of the ECB

The Head of the Banking Prudential Supervision Department, Luís Costa Ferreira, is appointed alternate for Banco de Portugal’s representative in the Supervisory Board of the ECB.

Alternate in the European Banking Authority (EBA)

The Head of the Banking Prudential Supervision Department, Luís Costa Ferreira, is appointed alternate for Banco de Portugal’s representative in the European Banking Authority (EBA). 

Alternate in the Single Resolution Board

The Deputy Head of the Resolution Department Department, João Freitas, is appointed alternate for Banco de Portugal’s representative in the Single Resolution Board. 

 

Replacement of the members of the board of directors

The Members of the Board of Directors, if absent or prevented in cases other than those provided for above, namely for the purpose of the distribution of remits and the exercise of delegated powers, shall be replaced as follows:

 

Governor Carlos da Silva Costa

  • Banking Prudential Supervision Department;

 

Vice-Governor Elisa Ferreira

  • Office of the Governor;
  • General Secretariat;
  • International Relations Department;
  • Economics and Research Department.

 

Vice-Governor Luís Máximo dos Santos

  • Markets and Reserve Management Department;
  • Payment Systems Department;
  • Issue and Treasury Department;
  • Information Systems and Technology Department.

 

Board member Hélder Rosalino

  • Banking Conduct Supervision Department;
  • Legal Enforcement Department;
  • Resolution Department;
  • Legal Services Department.

 

Board member Luís Laginha de Sousa

  • Human Resources Department;
  • Statistics Department;
  • Accounting Department;
  • Risk Management Department;
  • General Secretariat – as regards the Compliance Office;
  • Social Fund of Banco de Portugal’s Employees.

 

Board member Ana Paula Serra

  • Financial Stability Department; 
  • Administration Services Department;
  • General Secretariat – as regards the Organisational Planning and Development Division.

 

If absent or prevented, the Members of the Board of Directors who have been appointed to chair internal executive committees, as well as, except where otherwise provided for by law, to external posts representing Banco de Portugal, shall be replaced by the next Member of the Board of Directors, according to the order above, where the second to last will replace the last one, except where otherwise established in this Deliberation.