The chair position is for four years but can be extended once. It pays over €250,000 per year, tax-free.

All three candidates were interviewed, along with an unknown fourth candidate who was later cut, by the EU’s financial services chief Mairead McGuinness. The three top picks will now attend closed-door interviews organized by the European Parliament, before a final public interview with the top-ranked candidate.

The hearings are only expected to take place after lawmakers grill the candidates for EU commissioner jobs, meaning they will begin in mid-November at the earliest, officials told POLITICO.

Once a candidate is chosen, the European Commission will present its top choice to EU member countries, which have to approve the decision.

Szego works at Italy’s central bank, where she has been leading anti-money laundering efforts over the last few years. De Carpentier is vice chair at the EU bank resolution body the Single Resolution Board, and previously ran anti-money laundering efforts at the Dutch central bank. Pleyer ran the global anti-money laundering body, the Financial Action Task Force, from 2020-2022, and hails from Germany’s Finance Ministry.

Pleyer’s candidacy in particular is unlikely to be popular with other EU countries after Germany was the surprise winner of the race to host the headquarters of the authority earlier this year. Other countries, including France, Spain and Ireland, also bid to host the authority and were not successful.

Gregorio Sorgi contributed to this report.