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

Monetary policy

Central bank compliance with prohibitions of monetary financing and privileged access

On 16 March 2006, in accordance with the Treaty establishing the European Community, which assigns to the ECB the task of monitoring the compliance of central banks with the prohibitions referred to in Articles 101 and 102 and the related Regulations, the Governing Council approved the report covering the year 2005. Further information on this matter will be provided in a dedicated section of the ECB Annual Report 2005 which will be made public on 25 April 2006.

Advice on legislation

ECB Opinion on the Hungarian regime for clearing houses

On 20 February 2006, at the request of Magyar Nemzeti Bank, the Governing Council adopted an Opinion on the general terms and conditions and internal regulations of clearing houses for credit institutions (CON/2006/7). The Opinion is available on the ECB’s website.

ECB Opinion on the repeal of European Monetary System legislation

On 21 February 2006, at the request of the EU Council, the Governing Council adopted an Opinion on the repeal of obsolete legislation concerning the European Monetary System (CON/2006/8). The Opinion was published in the Official Journal of the EU on 28 February 2006 and is also available on the ECB’s website.

ECB Opinion on Cypriot securities legislation

On 22 February 2006, at the request of the Cypriot Ministry of Finance, the Governing Council adopted an Opinion on amendments to the regulatory framework of the Central Depository and Central Registry for securities (CON/2006/9). The Opinion is available on the ECB’s website.

ECB Opinion on Maltese preparation for adoption of the euro

On 23 February 2006, at the request of the Central Bank of Malta, the Governing Council adopted an Opinion on the legal framework for adoption of the euro (CON/2006/10). The Opinion is available on the ECB’s website.

ECB Opinion on Latvian minimum reserve requirements

On 23 February 2006, at the request of Latvijas Banka, the Governing Council adopted an Opinion on the broadening of the reserve base for minimum reserve requirements and the introduction of differentiated reserve ratios (CON/2006/11). The Opinion is available on the ECB’s website.

ECB Opinion on Community legislation relating to national accounts data

On 24 February 2006, at the request of the EU Council, the Governing Council adopted an Opinion on the revision of the ESA95 transmission programme of national accounts data (CON/2006/12). The Opinion was published in the Official Journal of the EU on 7 March 2006 and is also available on the ECB’s website.

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

On 27 February 2006, at the request of the EU Council, the Governing Council adopted an Opinion on the temporal coverage of price collection in the harmonised index of consumer prices (HICP) (CON/2006/13). The Opinion was published in the Official Journal of the EU on 7 March 2006 and is also available on the ECB’s website.

ECB Opinion on the appointment of an Executive Board member

On 2 March 2006, at the request of the EU Council, the Governing Council adopted an Opinion on the appointment of a member of the ECB’s Executive Board (CON/2006/14). The Opinion was published in the Official Journal of the EU on 10 March 2006 and is also available on the ECB’s website.

ECB Opinion on the integration of supervision in Poland

On 9 March 2006, at the request of the Polish Minister of Finance, the Governing Council adopted an Opinion on the integration of banking, capital markets, insurance and pension funds supervision (CON/2006/15). The Opinion is available on the ECB’s website.

ECB Opinion on Lithuanian securities legislation

On 10 March 2006, at the request of Lietuvos bankas, the Governing Council adopted an Opinion on establishing a legal basis for Lietuvos bankas to join the correspondent central banking model (CON/2006/16). The Opinion is available on the ECB’s website.

ECB Opinion on Slovenian preparation for adoption of the euro

On 13 March 2006, at the request of the Slovenian Ministry of Finance, the Governing Council adopted an Opinion on amendments to Banka Slovenije’s statutes in preparation for the adoption of the euro (CON/2006/17). The Opinion is available on the ECB’s website.

Corporate governance

ECB’s Annual Accounts 2005

On 16 March 2006 the Governing Council approved the audited Annual Accounts of the ECB for the financial year 2005. The Accounts, together with a related press release, were published on the ECB’s website on 16 March 2006

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