Translation of "Banque hors zone déclarante de la BRI " (French → English) :

However, as the composition of the euro area will change with time, it would not be advisable to lay down in a legal act a specific, immutable allocation of seats between euro area and non-euro area central banks.

On the basis of the Article in question, central banks outside the euro area had to pay a share of the ECB’s operational costs, which was 5% of the share of the entered capital.

However, in relation to the specific problem which you have raised, the European Central Bank has accepted the possibility of front loading even for branches of European banks in countries outside the eurozone, bearing in mind that a very substantial proportion of German currency notes are located outside German territory.

However, in relation to the specific problem which you have raised, the European Central Bank has accepted the possibility of front loading even for branches of European banks in countries outside the eurozone, bearing in mind that a very substantial proportion of German currency notes are located outside German territory.

The area has also benefitted from special EC measures for industrial re-structuring through loans from the European Coal and Steel Community (ECSC); the ERDF-funded programmes for steel and shipbuilding (non-quota) areas; priority for support from the European Social Fund (ESF); and global loans from the European Investment Bank (EIB).

Banking - the Commission issued a draft Communication (which will become an official interpretative Communication following consultations with Member States and interested parties) to clarify some grey areas in the interpretation of the Second Banking Directive (89/646/EEC), which could jeopardise the free provision of services in this field (cross-border services, the concept of "general good") Derivatives - the Council adopted a Common Position in September 1995 on a draft Directive which would allow Member States to recognise so-called bilateral netting agreements, considerably reducing the credit risks of derivatives traded outside r ...[+++]ecognised exchanges ("over-the-counter derivatives").