The management report is an integral part of the ECB's Annual Accounts and is designed to provide readers with contextual information related to the financial statements. Given that the ECB's activities and operations are undertaken in support of its policy objectives, its financial position and...

The ECB is part of the Eurosystem, the primary objective of which is to maintain price stability. The ECB's main tasks, as described in the Statute of the ESCB, comprise the implementation of the monetary policy of the European Union, the conduct of foreign exchange operations, the management of...

The purpose of this framework is to describe the role of the Eurosystem in the field of oversight. It updates and replaces the earlier Eurosystem oversight policy framework of July 2011 in view of significant regulatory and institutional changes and market developments that have affected the...

This management report is an integral part of the ECB's annual financial reporting. It provides readers with contextual information on the business of the ECB, its operational framework and the impact of the ECB's operations on its financial statements. This report provides information on the...

The purpose of this brochure is to explain to the Eurosystem's counterparties and other market participants involved in CCBM procedures how the CCBM works, and to give a general overview of the model's main features. For further information, counterparties should contact the national central...

The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...

As of 2022 the ECB decided to adopt an internal framework supporting the integration of the objectives of the European Climate Law into the ECB's policies, projects, and activities and also to report on these measures in the ECB's Annual Report. In 2023 this framework was further developed,...

The Administrative Board of Review (ABoR) is a body of the ECB that carries out reviews of the institution's supervisory decisions. An administrative review may be requested by any person or legal entity directly affected by an ECB supervisory decision. The ABoR members are independent external...