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

May 2006

Payment systems

Joint Commission/ECB statement on SEPA

On 4 May 2006 the Governing Council endorsed the publication of a Joint Statement from the European Commission and the ECB on the Single Euro Payments Area (SEPA). This statement was published on the same day on the ECB’s website.

Financial stability and supervision

Financial Stability Review - June 2006

On 18 May 2006 the Governing Council approved the June 2006 issue of the euro area’s Financial Stability Review, which will be published on the ECB’s website on 1 June 2006. The Review provides a comprehensive assessment of the ability of the euro area’s 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 Dutch financial sector supervision

On 25 April 2006, on its own initiative, the Governing Council adopted an Opinion on financial sector supervision in the Netherlands (CON/2006/20). The Opinion is available on the ECB’s website.

ECB Opinion on Community payment services legislation

On 26 April 2006, at the request of the EU Council, the Governing Council adopted an Opinion on payment services in the internal market (CON/2006/21). The Opinion was published in the Official Journal of the EU on 9 May 2006 and is also available on the ECB’s website.

ECB Opinion on Portuguese legislation relating to coins

On 28 April 2006, at the request of the Portuguese Ministry of Finance and Public Administration, the Governing Council adopted an Opinion on the codification of various laws on the issue, minting, putting into circulation and marketing of coins (CON/2006/22). The Opinion is available on the ECB’s website.

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