Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) October 2005

Operational issues

Eurosystem collateral

On 7 October 2005 the Governing Council approved the inclusion of EuroMTF, a new market operated by the Luxembourg Stock Exchange, as a non-regulated market accepted by the ECB for Eurosystem collateral management purposes. An updated list of non-regulated markets accepted by the ECB is available on the ECB’s website.

Payment systems and market infrastructure

TARGET2 - Second progress report

The second TARGET2 progress report has been published on the ECB’s website today. The report provides information on the envisaged start and migration dates, pricing, liquidity pooling, and operational and contingency arrangements.

Financial stability and supervision

EU banking sector stability

On 4 October 2005 the Governing Council authorised the publication of a report on “EU banking sector stability” prepared by the Banking Supervision Committee (BSC). The report contains the main findings of the BSC’s regular annual macro-prudential analysis of EU banking sector stability. It was published on the ECB’s website on 17 October 2005.

Advice on legislation

ECB Opinion on Community legislation relating to the harmonised index of consumer prices

On 4 October 2005, at the request of the European Commission, the Governing Council adopted an Opinion on the common index reference periods for the harmonised index of consumer prices (HICP) (CON/2005/33). The Opinion was published in the Official Journal of the EU on 14 October 2005 and is also available on the ECB’s website.

ECB Opinion on the Banca d’Italia’s structure and internal governance

On 6 October 2005, at the request of the Italian Ministry of Economy and Finance, the Governing Council adopted an Opinion on changes to the Banca d’Italia’s structure and internal governance resulting from a law on the protection of savings (CON/2005/34). The Opinion is available on the ECB’s website.

ECB Opinion on the Cypriot minimum reserve regime

On 10 October 2005, at the request of the Central Bank of Cyprus, the Governing Council adopted an Opinion on amendments to the Central Bank of Cyprus’s minimum reserve regime (CON/2005/35). The Opinion is available on the ECB’s website.

ECB Opinion on Czech insolvency legislation

On 18 October 2005, at the request of the Czech Ministry of Justice, the Governing Council adopted an Opinion on modernisation of the insolvency framework introducing new means of resolving insolvency and strengthening creditors’ rights (CON/2005/36). The Opinion is available on the ECB’s website.

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