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

January 2015

EMBARGO

TRANSMISSION EMBARGO until 3 p.m. CET on 23 January 2015

Market operations

Annual review of acceptable non-regulated markets and issuers classified as agencies in haircut category II

On 16 January 2015 the Governing Council reviewed the list of acceptable non-regulated markets for assets eligible as collateral for Eurosystem monetary policy operations. Accordingly, it decided to accept the Alternext Brussels market and the First North Bond Market Finland as non-regulated markets, and to no longer accept the OTC market for Bank of England Euro Bills. The updated list of acceptable non-regulated markets is available on the ECB’s website. Furthermore, the Governing Council reviewed the list of issuers classified as agencies in haircut category II. Accordingly, it decided to remove Fondo de Reestructuración Ordenada Bancaria and Agence Centrale des Organismes de Sécurité Sociale from the list. The updated list of issuers classified as agencies in haircut category II is available on the ECB’s website.

Expanded asset purchase programme

On 22 January 2015 the ECB announced operational details of its expanded asset purchase programme, which was approved on that day by the Governing Council. A related press release, together with a technical annex providing detailed information on the programme, is available on the ECB’s website.

Modification to the interest rate applicable to future targeted longer-term refinancing operations

On 22 January 2015 the Governing Council decided that the interest rate for the remaining six targeted longer-term refinancing operations (TLTROs) would be equal to the rate on the Eurosystem’s main refinancing operations (MROs) prevailing at the time when each TLTRO is conducted. A related press release, as well as further technical details on the series of targeted longer-term refinancing operations (TLTROs) that was announced on 5 June 2014, is available on the ECB’s website.

Advice on legislation

ECB Opinion on the disclosure of confidential information to a national parliamentary inquiry in Ireland

On 19 December 2014 the Governing Council adopted Opinion CON/2014/89 at the request of the Minister for Finance.

ECB Opinion on disclosure of information if a bank is subject to resolution or licence revocation in Bulgaria

On 22 December 2014 the Governing Council adopted Opinion CON/2014/90 at the request of the Българска народна банка (the Bulgarian National Bank).

ECB Opinion on the publication of documents and the use of the pension reserve in Austria

On 22 December 2014 the Governing Council adopted Opinion CON/2014/91 at the request of the Austrian Ministry of Finance.

ECB Opinion on Romania’s contribution to the International Monetary Fund’s Poverty Reduction and Growth Trust

On 29 December 2014 the Governing Council adopted Opinion CON/2014/92 at the request of Banca Naţională a României.

ECB Opinion on applications to operate as a run-off company in Austria

On 9 January 2015 the Governing Council adopted Opinion CON/2015/1 at the request of the Austrian Ministry of Finance.

ECB Opinion on the Resolution College in Belgium

On 21 January 2015 the Governing Council adopted Opinion CON/2015/2 at the request of the Nationale Bank van België/Banque Nationale de Belgique, acting on behalf of the Belgian Ministry of Finance.

ECB Opinion on the role of Národná banka Slovenska in the resolution in the financial market in Slovakia

On 21 January 2015 the Governing Council adopted Opinion CON/2015/3 at the request of the Slovak Ministry of Finance.

Statistics

ECB Decision concerning derogations from statistical reporting requirements that may be granted to investment funds

On 29 December 2014 the Governing Council adopted Decision ECB/2014/62 concerning derogations that may be granted under Regulation (EU) No 1073/2013 concerning statistics on the assets and liabilities of investment funds (ECB/2013/38). This decision was published in the Official Journal of the European Union and on the ECB’s website.

Corporate governance

Eurosystem Procurement Coordination Office budget and procurement plan for 2015

On 7 January 2015 the Governing Council approved the budget and procurement plan of the Eurosystem Procurement Coordination Office for 2015.

Mission statements of the Eurosystem and of the Single Supervisory Mechanism (SSM)

On 16 January 2015 the Governing Council approved the SSM mission statement, as well as revised versions of the Eurosystem mission statement, the strategic intents and the organisational principles.

ECB Decision on public access to European Central Bank documents

On 21 January 2015 the Governing Council adopted a technical amendment to Decision ECB/2015/1 amending Decision ECB/2004/3 on public access to European Central Bank documents in order to take into account the ECB’s supervisory responsibilities.

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