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

June 2010

Operational issues

Tender procedure for three-month LTROs in the third quarter of 2010

On 10 June 2010, the Governing Council decided to adopt a fixed rate tender procedure with full allotment in the regular three-month longer-term refinancing operations (LTROs) to be allotted on 28 July, 25 August and 29 September 2010. A related press release was issued on the same day on the ECB’s website.

Advice on legislation

ECB Opinion on statistics, cross-border cash movements and Българска народна банка (Bulgarian National Bank) competences

On 21 May 2010, the Governing Council adopted this opinion at the request of the Bulgarian Minister for Finance (CON/2010/43).

ECB Opinion on certain provisions relating to the Banque de France

On 21 May 2010, the Governing Council adopted this opinion at the request of the French Ministry of Economic Affairs, Industry and Employment (CON/2010/44).

ECB Opinion on amendments to the Danish financial stability regime

On 28 May 2010, the Governing Council adopted this opinion at the request of the Danish Ministry of Economic and Business Affairs (CON/2010/45).

ECB Opinion on amendments to several provisions of the Slovenian Law on banking

On 1 June 2010, the Governing Council adopted this opinion at the request of the Slovenian Ministry of Finance (CON/2010/46).

ECB Opinion on amendments to the German Law on covered bonds

On 14 June 2010, the Governing Council adopted this opinion at the request of the German Federal Ministry of Finance (CON/2010/47).

ECB Opinion on a draft law relating to the restructuring of the Central Bank and Financial Services Authority of Ireland

On 17 June 2010, the Governing Council adopted this opinion at the request of the Irish Minister for Finance (CON/2010/48).

ECB Opinion on Sveriges Riksbank’s right to collect information from Swedish issuers of securities

On 17 June 2010, the Governing Council adopted this opinion at the request of Sveriges Riksbank (CON/2010/49).

International and European cooperation

Reinforcing economic governance in the euro area

On 10 June 2010, the Governing Council approved the ECB contribution to the ongoing work of the Van Rompuy Task Force on improving the European economic governance framework. This contribution, which contains proposals aiming at: (i) strengthening surveillance over budgetary policies; (ii) improving the framework for competitiveness surveillance; and (iii) designing an appropriate euro area framework for crisis management, is available on the ECB’s website.

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