Sabine Lautenschläger

Sabine Lautenschläger-Peiter (born June 3, 1964 in Stuttgart ) is a German lawyer and was a member of the Executive Board of the European Central Bank (ECB) from January 27, 2014 to October 31, 2019 . She was Deputy Chairwoman of the ECB Banking Supervision from February 2014 to February 2019 and a member of the Basel Committee on Banking Supervision (2008-2019). Lautenschläger usually does not use the second part of her surname.

Life

Lautenschläger studied law at the University of Bonn from 1984 to 1990 and during this time completed an internship at the German Consulate General in Chicago . In 1995 she started working as a consultant at the Federal Banking Supervisory Office , a forerunner of today's Federal Financial Supervisory Authority (BaFin). She worked there briefly as a bank supervisor and then became a press officer. When BaFin was founded, she also became its press spokeswoman and the right-hand man of President Jochen Sanio . In 2005 she succeeded Uwe Traber, who left BaFin at the end of 2004, as head of department BA 1 (“Supervision of major banks and selected credit banks”).

In the course of BaFin's organizational reform following incidents of corruption, the presidential structure was abolished in favor of a leadership made up of the President and four executive directors who were formally equivalent to him. Lautenschläger was appointed Executive Director for Banking Supervision in April 2008 . An internal report by BaFin shows how it played a key role in the bailout of Hypo Real Estate .

On June 1, 2011, Lautenschläger moved to the Deutsche Bundesbank as Vice President , where she was responsible for banking and financial supervision as well as auditing until January 26, 2014, and was sent as a member of the Basel Committee on Banking Supervision (BCBS).

ECB director

Lautenschläger took up her post as Director of the European Central Bank at the end of January 2014. She is the third and currently only woman on this body. In September 2019, Lautenschläger announced its early resignation from the ECB on October 31, 2019. Lautenschläger was seen as a critic of an extremely loose monetary policy. Before the last monetary policy meeting of the central bank, which took place before its announcement, the lawyer had spoken out against a restart of the bond purchase program worth billions. However, this was decided on November 1st.

Lautenschläger has been married since 1991 and has a daughter who was born in 1992.

criticism

In February 2020, the Süddeutsche Zeitung reported that Lautenschläger had taken his spouse with him on business trips unusually often at the expense of the ECB. However, this is only permitted on representative occasions. The respective directors decide for themselves whether this is the case according to certain criteria. Legally, the behavior is not objectionable, but there is resentment within the ECB. Lautenschläger made no comment on this.

Web links

Frank M. Drost: The perpetrator of conviction . In: Handelsblatt . June 4, 2008.
Hauke Reimer : BaFin boss: child, career, hot spot , article at WiWo from April 10, 2008.

Individual evidence

↑ ^a ^b ^c ^d Member of the Executive Board of the ECB. Sabine Lautenschläger. In: European Central Bank - Eurosystem. ECB, 2015, accessed February 23, 2017 .
^ Directory. In: European Central Bank - Eurosystem. ECB, accessed February 19, 2017 .
↑ ^a ^b ^c Deputy Chairwoman of the Supervisory Board. Sabine Lautenschläger. In: European Central Bank - Banking Supervision. ECB, 2015, accessed February 23, 2017 .
↑ ^a ^b Karin Bäck: Joyful, communicative and tough on the matter . Interview at business-on.de , accessed on July 27, 2012
↑ Ute Göggelmann: Sabine Lautenschläger - woman at the hot spot . Financial Times Deutschland, February 18, 2011, archived from the original on February 18, 2011 ; Retrieved February 19, 2017 .

↑ BAFin's internal minutes of October 9, 2008.

↑ Handelsblatt: Clear the way for the first woman in the ECB Executive Board. Sabine Lautenschläger. January 21, 2014, accessed February 23, 2017 .

↑ Draghi critic Lautenschläger resigns as a member of the ECB Executive Board. In: Handelsblatt. September 25, 2019, accessed September 25, 2019 .

↑ Klemens Kindermann : ECB Director Sabine Lautenschläger 'Improved supervision makes the banking crisis less likely'. Deutschlandfunk, February 19, 2017, accessed on February 23, 2017 .

personal data
SURNAME	Lautenschläger, Sabine
ALTERNATIVE NAMES	Lautenschläger-Peiter, Sabine
BRIEF DESCRIPTION	German lawyer
DATE OF BIRTH	3rd June 1964
PLACE OF BIRTH	Stuttgart

[ezb-1] Member of the Executive Board of the ECB. Sabine Lautenschläger. In: European Central Bank - Eurosystem. ECB, 2015, accessed February 23, 2017 .

[:0-2] Directory. In: European Central Bank - Eurosystem. ECB, accessed February 19, 2017 .

[:1-3] Deputy Chairwoman of the Supervisory Board. Sabine Lautenschläger. In: European Central Bank - Banking Supervision. ECB, 2015, accessed February 23, 2017 .

[Business_on-4] Karin Bäck: Joyful, communicative and tough on the matter . Interview at business-on.de , accessed on July 27, 2012

[5] Ute Göggelmann: Sabine Lautenschläger - woman at the hot spot . Financial Times Deutschland, February 18, 2011, archived from the original on February 18, 2011 ; Retrieved February 19, 2017 .

[6] BAFin's internal minutes of October 9, 2008.

[7] Handelsblatt: Clear the way for the first woman in the ECB Executive Board. Sabine Lautenschläger. January 21, 2014, accessed February 23, 2017 .

[8] Draghi critic Lautenschläger resigns as a member of the ECB Executive Board. In: Handelsblatt. September 25, 2019, accessed September 25, 2019 .

[9] Klemens Kindermann : ECB Director Sabine Lautenschläger 'Improved supervision makes the banking crisis less likely'. Deutschlandfunk, February 19, 2017, accessed on February 23, 2017 .