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

May 2005

Operational issues

Euro Money Market Study 2004

The Euro Money Market Study 2004 was published on 3 May 2005. The report and the press release are available on the ECB’s website.

Payment systems

Public consultation on payment systems business continuity

The Governing Council decided to launch a public consultation on payment systems business continuity. The consultation announcement and an issues paper were published on the ECB’s website on 10 May 2005. Interested parties are invited to send their comments on the issues paper by 29 July 2005.

Brochure on the Correspondent Central Banking Model

The Governing Council authorised the publication of an updated version of the brochure on the Correspondent Central Banking Model (CCBM). It was published in English on the ECB’s website on 17 May 2005 and will subsequently also be available in other official Community languages.

Financial stability and supervision

Financial Stability Review – June 2005

On 19 May 2005, the Governing Council approved the June 2005 issue of the euro area’s Financial Stability Review, which will be published in the coming weeks. The Review provides a comprehensive assessment of the capacity of the euro area financial system to absorb adverse disturbances and examines the main sources of risks to and vulnerabilities of the stability of the euro area’s financial system.

Advice on legislation

ECB Opinion on a Hungarian regulation on transaction codes for the central bank’s information system

On 28 April 2005, at the request of Magyar Nemzeti Bank, the Governing Council adopted an Opinion on a draft Hungarian regulation on the requirement to provide transaction codes for its information system (CON/2005/10). The Opinion was published on the ECB’s website on 28 April 2005.

ECB Opinion on the quality of statistical data in the context of the excessive deficit procedure

On 4 May 2005, at the request of the EU Council, the Governing Council adopted an Opinion on a proposal for a Council regulation amending Regulation (EC) No 3605/93 as regards the quality of statistical data in the context of the excessive deficit procedure (CON/2005/11). The Opinion was published in the Official Journal of the European Union on 18 May 2005 and on the ECB’s website on 19 May 2005.

Organisational matters

Schedule for meetings of the Governing and General Councils in 2006

The Governing and General Councils approved their meeting schedules for 2006. Full details were given in a press release published on the ECB’s website on 18 May 2005.

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