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Preparation of the ECB's annual reports; Establishment of the necessary rules for standardising the accounting and reporting of operations undertaken by the NCBs; Taking of measures relating to the establishment of the key for the ECB's capital subscription other than those already laid down in the Treaty
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
Member states can issue euro coins, but the amount must be authorised by the ECB beforehand. The Eurosystem consists of the ECB and the national central banks (NCB) of the 20 member states that are part of the eurozone. The national central banks apply the monetary policy of the ECB. [2] The primary objective of the Eurosystem is price ...
In the banking union (which includes the euro area as well as countries that join on a voluntary basis, lately Bulgaria), the European Central Bank, through its supervisory arm also known as ECB Banking Supervision, is the hub of banking supervision and works jointly with national bank supervisors, often referred to in that context as "national ...
The ECB's monitoring regime includes conducting stress tests on financial institutions. [34] If problems are found, the ECB will have the ability to conduct early intervention in the bank to rectify the situation, such as by setting capital or risk limits or by requiring changes in management.
The European Central Bank will take greater account of climate change in its core policy decisions, in the latest move by one of the world's biggest central banks to curb carbon emissions. Europe ...
The ECB’s Governing Council is strongly committed: - to further incorporating climate change considerations into its monetary policy framework; - to expanding its analytical capacity in ...
Decentralised agencies of the EU Single market agencies; CFSP agencies; AFSC agencies; ESFS European Supervisory Authorities; SRM bodies; Executive agencies of the EU; Euratom agencies