You are here

Delegation of powers of the Board of Directors

The Board of Directors of Banco de Portugal approved on 29 June 2017 the following distribution of Departments among the Members of the Board:

Departments under the remit of each member of the Board of Directors

 

Governor Carlos da Silva Costa

  • Office of the Governor;
  • General Secretariat;
  • Audit Department;
  • International Relations Department;
  • Risk Management Department.

 

Vice-Governor Pedro Duarte Neves

  • Financial Stability Department;
  • Economics and Research Department;
  • Statistics Department;
  • Representative of Banco de Portugal in the European Banking Authority (EBA);
  • Representative of Banco de Portugal in the European Systemic Risk Board (ESRB);
  • 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; 
  • Accounting Department; 
  • Payment Systems Department;
  • Communication and Museum Department;
  • Administration Services Department; 
  • Human Resources Department; 
  • Information Systems and Technology Department; 
  • Issue and Treasury Department; 
  • 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);
  • Chairman of Comissão especializada de Gestão da Informação e Tecnologias – CEGIT (the Specialised Committee on Information and Technologies Management);
  • 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); 
  • Social Fund of Banco de Portugal’s employees.

 

Board member Elisa Ferreira

  • Banking Prudential Supervision Department;
  • Banco de Portugal’s Representative in the Supervisory Board of the ECB; 
  • 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); 
  • Banco de Portugal’s Representative in the Management Committee of the SII;
  • Chairperson of the Management Committee of Fundo de Garantia do Crédito Agrícola Mútuo (the Mutual Agricultural Credit Guarantee Fund).

 

Board member Luís Máximo dos Santos

  • Banking Conduct Supervision Department; 
  • Legal Enforcement Department; 
  • Legal Services Department;
  • Resolution 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; 
  • 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 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;
  • Alternate for Banco de Portugal’s Representative in the CNSF (the National Council of Financial Supervisors).

 

Alternate to 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.

 

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:

 

Vice-Governor Pedro Duarte Neves

  • Office of the Governor;
  • General Secretariat; 
  • Audit Department;
  • Resolution Department; 
  • Legal Enforcement Department; 
  • Legal Services Department;  
  • Markets and Reserve Management Department.

 

Board member Hélder Rosalino

  • Banking Conduct Supervision Department;
  • Risk Management Department.

 

Board member Luís Máximo dos Santos

  • Banking Prudential Supervision Department;
  • Issue and Treasury Department;
  • Administration Services Department;
  • Accounting Department;
  • Payment Systems Department;
  • Human Resources Department;
  • Information Systems and Technology Department;
  • Social Fund of Banco de Portugal’s Employees.

 

Board member Elisa Ferreira

  • International Relations Department;
  • Financial Stability Department; 
  • Statistics Department;
  • Economics and Research Department;
  • Communication and Museum Department.

 

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.