Elizabeth McCaul is a Former Member of the Supervisory Board, European Central Bank. She is the first American to serve as a European Central Bank Representative to the ECB's Supervisory Board. Her non-renewable five-year term concluded in 2024. Her mandate included supervisory strategy, consistency and quality of supervision, risk, capital, internal governance, and training. She focused on prudential implications to financial stability, including private credit markets, capital markets and geopolitical risk.
She served as the chair of the Board Steering Committee on the Digital Agenda overseeing supervision of operational resiliency, IT risk, crypto, cyber-security, new FinTech entrants and the development and implementation of the SupTech strategy to deliver supervisory tools using AI.