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

June 2006

Payment Systems and Market Infrastructure

Business continuity oversight expectations for systemically important payment systems

On 31 May 2006 the Governing Council approved a report on business continuity oversight expectations for systemically important payment systems. The report, together with a summary of the comments received during the public consultation on a previous version of this report, were published on the ECB’s website on 9 June 2006.

Compliance of New Global Note arrangement with Eurosystem standards

On 12 June 2006 the Governing Council approved the conclusions of an assessment of a so-called New Global Note (NGN) arrangement for international debt securities against the Eurosystem’s “Standards for the use of EU securities settlement systems in ESCB credit operations”. The NGN arrangement will be offered by two international central securities depositories as of 30 June 2006. A related press release was published on the ECB’s website on 13 June 2006.

Advice on legislation

ECB Opinion on Maltese preparation for adoption of the euro

On 22 May 2006, at the request of the Central Bank of Malta, the Governing Council adopted an Opinion on amendments to the Central Bank of Malta’s statutes in preparation for the adoption of the euro (CON/2006/23). The Opinion is available on the ECB’s website.

ECB Opinion on Slovenian financial collateral legislation

On 22 May 2006, at the request of the Slovenian Ministry of Justice, the Governing Council adopted an Opinion on amendments to the law on financial collateral (CON/2006/24). The Opinion is available on the ECB’s website.

ECB Opinion on Belgian statistical reporting legislation

On 29 May 2006, at the request of the Belgian Ministry of Finance, the Governing Council adopted an Opinion on the introduction of a direct reporting system for balance of payments and international investment position statistics (CON/2006/25). The Opinion is available on the ECB’s website.

ECB Opinion on Latvian minimum liquidity requirements

On 31 May 2006, at the request of the Latvian Financial and Capital Market Commission, the Governing Council adopted an Opinion on amendments to the minimum liquidity requirements (CON/2006/26). The Opinion is available on the ECB’s website.

ECB Opinion on amendments to the Latvian Constitution

On 9 June 2006, at the request of the Latvian Ministry of Finance, the Governing Council adopted an Opinion on an amendment to the Latvian Constitution regarding the status of Latvijas Banka (CON/2006/27). The Opinion is available on the ECB’s website.

ECB Opinion on Estonian preparation for adoption of the euro

On 9 June 2006, at the request of the Estonian Ministry of Justice, the Governing Council adopted an Opinion on the redenomination of the capital and shares of companies and the introduction of no-par value shares resulting from the introduction of the euro (CON/2006/28). The Opinion is available on the ECB’s website.

ECB Opinion on Slovenian preparation for adoption of the euro

On 12 June 2006, at the request of the Slovenian Ministry of Finance, the Governing Council adopted an Opinion on the introduction of the euro (CON/2006/29). The Opinion is available on the ECB’s website.

ECB Opinion on Swedish cash provision legislation

On 12 June 2006, at the request of Sveriges Riksbank, the Governing Council adopted an Opinion on Sveriges Riksbank’s regulations on the purchase and return of cash (CON/2006/30). The Opinion is available on the ECB’s website.

ECB Opinion on Polish banking legislation

On 20 June 2006, at the request of the Polish Minister of Finance, the Governing Council adopted an Opinion on provisions allowing banks operating as joint stock companies to be divided in line with the Companies Code (CON/2006/31). The Opinion is available on the ECB’s website.

ECB Opinion on amendments to the Banque de France’s statutes

On 22 June 2006, at the request of the French Senate, the Governing Council adopted an Opinion on amendments to the statutes of the Banque de France (CON/2006/32). The Opinion will be published shortly on the ECB’s website.

Statistics

ECB Regulation on statistical reporting requirements relating to post office giro institutions

On 14 June 2006 the Governing Council adopted a Regulation on statistical reporting requirements in respect of post office giro institutions that receive deposits from the public and are not part of the government sector (ECB/2006/8). The Regulation will be published shortly in the Official Journal of the EU and on the ECB’s website.

Corporate Governance

ECB Decision on the allocation of monetary income

On 19 May 2006 the Governing Council adopted a Decision amending Decision ECB/2001/16 on the allocation of monetary income of the national central banks of participating Member States from the financial year 2002 (ECB/2006/7). The Decision was published in the Official Journal of the EU on 2 June 2006 and is also available on the ECB’s website.

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