Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

June 2008

Advice on Legislation

ECB Opinion on legislation relating to Community job vacancy statistics

On 23 May 2008, at the request of the Commission of the European Communities, the Governing Council adopted an Opinion on implementing the Regulation on statistics on Community job vacancies as regards seasonal adjustment procedures, quality reports, data collection, transmission specifications and feasibility studies (CON/2008/22). The Opinion was published in the Official Journal of the EU on 31 May 2008 and is also available on the ECB’s website.

ECB Opinion on Slovak legislation relating to dual display and rounding rules

On 30 May 2008, at the request of Národná banka Slovenska, the Governing Council adopted an Opinion on draft legislative provisions on dual display in the banking, capital market, insurance industry and pension saving sectors and on rounding rules for certain types of securities (CON/2008/23). The Opinion is available on the ECB’s website.

ECB Opinion on a derogation from certain provisions of Greek company law

On 4 June 2008, at the request of the Bank of Greece, the Governing Council adopted an Opinion on a derogation from the company law with regard to certain transactions by credit institutions (CON/2008/24). The Opinion is available on the ECB’s website.

ECB Opinion on Slovak legislation relating to dual display in the gambling sector

On 12 June 2008, at the request of the Slovak Ministry of Finance, the Governing Council adopted an Opinion on dual display of amounts in the gambling sector (CON/2008/25). The Opinion is available on the ECB’s website.

ECB Opinion on Polish legislation on the exchange of banknotes and coins

On 16 June 2008, at the request of Narodowy Bank Polski, the Governing Council adopted an Opinion on the rules for exchanging banknotes and coins (CON/2008/26). The Opinion is available on the ECB’s website.

International and European Cooperation

The seventh “Review of the international role of the euro”

On 19 June 2008 the Governing Council approved the publication of the seventh “Review of the international role of the euro” on the ECB’s website on 9 July 2008. The Review, which covers developments in 2007, examines the role of the euro in global markets and countries outside the euro area, and aims to enhance understanding of the current state of internationalisation of the euro, identifying the main developments and underlying trends.

Corporate Governance

Organisation of Governing Council meetings

On 5 June 2008 the Governing Council decided that whenever a Governing Council meeting is scheduled for the same day as a meeting of the General Council, the Governing Council meeting will start at 5 p.m. on the previous day (Wednesday) and will resume on the Thursday afternoon following the General Council meeting. The schedules of the Governing Council and General Council meetings available on the Eurosystem’s websites have been updated accordingly. See http://www.ecb.europa.eu/press/calendars/mgcgc/html/index.en.html.

Banknotes

ECB Guideline on frontloading and sub-frontloading of euro banknotes and coins

On 19 June 2008 the Governing Council adopted a Guideline amending Guideline ECB/2006/9 on certain preparations for the euro cash changeover and on frontloading and sub-frontloading of euro banknotes and coins outside the euro area (ECB/2008/4). The Guideline will be published shortly in the Official Journal of the EU and on the ECB’s website.

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