PRESS RELEASE

Publication of the European Court of Auditors’ report on the operational efficiency of the ECB’s management for the financial year 2003 and the ECB’s reply

15 October 2004

The European Central Bank (ECB) has today published on its website the report prepared by the European Court of Auditors on the operational efficiency of the management of the ECB for the financial year 2003, together with the ECB’s reply to it. The Court’s report was prepared in accordance with Article 27.2 of the Statute of the European System of Central Banks and of the European Central Bank.

The report will also be published, together with the ECB’s reply, in the Official Journal of the European Union and can be found on the ECB’s website (http://www.ecb.europa.eu) in the section “The European Central Bank>Organisation” under “Corporate governance”.

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