European Central Bank Regulations: A Review of the Last Five Years

The European Central Bank (ECB) has issued several regulations over the last five years aimed at implementing its monetary policy and ensuring financial stability in the Eurozone. These regulations have undergone changes and repeals as the economic environment has evolved.

2013

• Two regulations were repealed: Regulation 2013/N°15 of May 3rd, which implemented the ECB’s guideline on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral; and Regulation 2013/N°14 of March 7th, which amended the same guideline.
• One regulation was issued: Regulation 2013/11 of July 10th, which oversaw central counterparties and trade repositories in Luxembourg.

2012

• Four regulations were issued:
  • Regulation 2012/13 of November 9th, which implemented an ECB guideline amending the temporary measures on Eurosystem refinancing operations and eligibility of collateral.
  • Regulation 2012/12 of September 12th, which introduced additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.
  • Regulation 2012/11 of July 10th, which oversaw central counterparties and trade repositories in Luxembourg.
  • Regulation 2012/8 of April 30th, which collected statistics from companies granting loans or issuing debt securities.

2011

• Three regulations were issued:
  • Regulation 2011/10 of July 14th, which amended the regulation on oversight of payment systems in Luxembourg.
  • Regulation 2011/9 of July 4th, which introduced data collections on payment instruments and operations.
  • Regulation 2011/8 of April 29th, which collected statistics from companies granting loans or issuing debt securities.

2010

• One regulation was issued: Regulation 2010/6 of September 8th, which oversaw payment systems, securities settlement payment systems, and payment instruments in Luxembourg.

2009

• Three regulations were issued:
  • Regulation 2009/5 of December 23rd, which amended the regulation on temporary changes to rules applicable to the eligibility of collateral.
  • Regulation 2009/4 of April 29th, which introduced liquidity surveillance measures.
  • Regulation 2009/3 of February 19th, which amended monetary policy instruments and procedures.

These regulations have been repealed or updated over time as the ECB responds to changing economic conditions. The ECB’s efforts to ensure financial stability in the Eurozone remain ongoing, with new regulations expected in the future.