Examples of Eurosystem central bank in a sentence
If the dispute in the Governors’ Forum is based on the refusal of a Change Request by Con- nected NCB(s) for one of the reasons set out in paragraph 10, the Eurosystem shall have to justify overruling the refusal either (i) with the need to safeguard general Eurosystem central bank functions (safeguarding the euro, financial stability, no distortion of competition) or (ii) with the need to preserve the integrity of the T2S Platform for economic, functional or tech- nical reasons.
Consequently, each counterparty of the Eurosystem guarantees the credit received from a Eurosystem central bank by providing assets as collateral.
Since 2019, the Banque de France has been the first Eurosystem central bank to publish a yearly dedicated reportii on our responsible investment policy.
Any Eurosystem central bank that becomes an ERMS provider or that terminates its status as an ERMS provider shall inform the ECB accordingly.
Consequently, each counterparty guarantees the credit received from a Eurosystem central bank by providing securities as collateral.
However, in practice, the Governing Council of the ECB used the defaults by Lehmans and other banks in 2008 to clarify in a statement in March 2009 that losses should be shared in full by the Eurosystem NCBs in proportion to their ECB capital key shares.3This raises the question of what would happen should a Eurosystem central bank have its capital eliminated by losses on operations.
These modules are used, for example, to operate the standing facilities allowing banks to borrow from and make deposits with their Eurosystem central bank overnight, to manage the mandatory reserves to be held by the banks, or to manage the access of central banks to historical and statistical data.
Lastly, a 50% of CCPs with access to overnight liquidity have so without a banking license, and out of these CCPs, 50% of them have this service provided by non- Eurosystem central bank.
Each Eurosystem central bank shall make arrangements with regard to third party secure access and use of the ESCB and Eurosystem electronic applications, systems, platforms and services through the use of ESCB-PKI certificates.
As a Eurosystem central bank, the Oes- terreichische Nationalbank (OeNB) isauthorized to issue euro banknotes un- der the Statute of the ESCB and ECB (ECB, 2003).