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European Central Bank Amends Guidelines on Monetary Policy and Liquidity Surveillance
Luxembourg, 12 May 2014
The European Central Bank (ECB) has published a series of regulations aimed at implementing guidelines on monetary policy, liquidity surveillance, and oversight of payment systems in Luxembourg.
Repealing Previous Regulations
The latest regulation, ECB/2014/12, repeals several previous regulations dating back to 2008. These regulations relate to the implementation of additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.
Historical Context
In 2013, the ECB introduced regulations aimed at implementing guidelines on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral. These regulations were intended to address the financial crisis by providing liquidity support to banks.
Additionally, in 2009, the ECB introduced regulations aimed at enhancing its liquidity surveillance capabilities, including the collection of statistics from credit institutions and financial services companies.
Oversight of Payment Systems
The ECB’s oversight of payment systems in Luxembourg is another key area of focus. In 2010, the ECB published a regulation aimed at overseeing payment systems, securities settlement payment systems, and payment instruments in Luxembourg.
Commitment to Financial Stability
These regulations demonstrate the ECB’s commitment to maintaining financial stability and ensuring the smooth functioning of the eurozone economy.
Key Regulations
- ECB/2014/12 (repeals previous regulations)
- ECB/2009/1 (amending Guideline ECB/2000/7 on monetary policy instruments and procedures of the Eurosystem)
- Regulation 2013/N°15 (implementation of additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral)
- Regulation 2012/N°12 (implementation of additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral)
Annexes
- Guideline ECB/2000/7 on monetary policy instruments and procedures of the Eurosystem
- Annex to Regulation 2009/N°3 (amending Guideline ECB/2000/7 on monetary policy instruments and procedures of the Eurosystem)
- Annex to Regulation 2008/N°1 (temporary changes to rules applicable to the eligibility of collateral)
Contact
For further information, please contact the European Central Bank at [insert contact information].