Tuesday, 19 May 2009

European Central Bank: New TARGET2 and Eurosystem guidelines

Two new Guidelines by the European Central Bank (ECB) have been published.

TARGET2

Annexes II, III and IV to Guideline ECB/2007/2 have been amended in accordance with the Annex to the Guideline of the European Central Bank ECB/2009/9 of 7 May 2009 amending Guideline ECB/2007/2 on a Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET2).

Guideline ECB/2009/9 was published in the Official Journal of the European Union (OJEU) 19.5.2009 L 123/94.



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Eurosystem

Amendments have been made to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem to allow access to Eurosystem open market operations and standing facilities by credit institutions which, in view of their specific institutional nature under Community law, are subject to scrutiny of a standard comparable to supervision by competent national authorities.


The amendments are enacted by the Guideline of the European Central Bank ECB/2009/10 of 7 May 2009 amending Guideline ECB/2000/7 on monetary policy instruments and procedures of the Eurosystem, published OJEU 19.5.2009 L 123/99.



Ralf Grahn