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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]
He also asserted that the ECB's role in maintaining price stability throughout the financial crisis and the oil price rises should not be overlooked. [7] He stated, in response to a question from a German newspaper attacking the ECB's credibility following its bond-buying;
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
Business administration – Administration of a commercial enterprise; Business – Organization engaged in commerce or industry; Corporate finance – Framework for corporate funding, capital structure, and investments; Entrepreneurship – Taking financial risks in the hope of profit; Outline of business – Overview of and topical guide to ...
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 ...
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
The Supervisory Board is composed of a Chair, appointed for a non-renewable term of five years; a Vice Chair, chosen from among the members of the ECB's Executive Board; four members directly appointed by the ECB, known as ECB representatives; and representatives of national competent authorities. If the national supervisory authority ...
The following is a list of past and present members of the Executive Board of the European Central Bank. A member serves for a non renewable term of eight year. Since the ECB was established in 1998, the following people have served as Executive Board members: [2] Status