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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]
The General Council performs the tasks which the ECB took over from the EMI and which, owing to the derogation of one or more member states, still have to be performed in Stage Three of Economic and Monetary Union (EMU). The General Council also contributes to: ECB's advisory functions; Collection of statistical information
The president of the European Central Bank is the head of the European Central Bank (ECB), the main institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union (EU)
The supervisory role of the ECB is restricted to individual banking institutions as they are defined in the Capital Requirements Directive IV. [64] This means that the ECB cannot conduct supervision on over-the-counter derivatives markets, wholesale debt securities markets and on the shadow banking industry.
The European Central Bank will announce the outcome on Thursday of an 18-month strategy review, redefining a inflation target seen by some as confusing and laying down what role it can play in the ...
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 European Central Bank unveiled plans on Thursday to take greater account of climate change in its key monetary policy decisions, the latest in a series of steps by the world's biggest central ...
The ECB has an advisory role vis-à-vis the Community and national authorities on matters within its field of competence, particularly where Community or national legislation is concerned. The ECB, assisted by the NCBs, has the task of collecting the necessary statistical information either from the competent national authorities or directly ...