Recommendation of the European Central Bank of 12 November 1998 on the external auditors of the national central banks (ECB/1998/5)
Date: 1998-11-12
Institutions: European Central Bank
Subjects: European Central Bank, accountant, appointment of staff, central bank

31.12.98

EN

Official  Journal  of  the  European  Communities

C  411/11

RECOMMENDATION  OF  THE  EUROPEAN  CENTRAL  BANK

of  12  November  1998

on  the  external  auditors  of  the  national  central  banks

(ECB/1998/5)

(98/C  411/08)

THE  GOVERNING  COUNCIL  OF  THE  EUROPEAN
CENTRAL  BANK,

Reconta  Ernst(cid:216)&(cid:216)Young  s.p.a.,  Rome,  is  recommended  as
the  external  auditor  of  the  Banca  d’Italia;

Having  regard  to  the  Statute  of  the  European  System  of
Central  Banks  and  of  the  European  Central  Bank  and  in
particular  to  Article  27.1  thereof;

(1)(cid:217)Whereas  the  accounts  of  the  European  Central  Bank
(ECB)  and  of  the  national  central  banks  (NCBs)
shall  be  audited  by  independent  external  auditors
recommended  by  the  Governing  Council  of  the  ECB
and  approved  by  the  Council  of  the  European
Union;

(2)(cid:217)Whereas  the  external  auditors  recommended  herein
reflect 
the  current  appointments  made  by  each
participating  NCB  and  do  not  pre(cid:220)empt  the  right  of
the  ECB  to  adopt  an  amended  ECB  recommendation
whenever  this  is  required  by  a  change  of  circum(cid:220)
stances,

HAS  ADOPTED  THIS  RECOMMENDATION:

s.c.,  Antwerp,  and
KPMG  Reviseurs  d’Entreprises 
Deloitte  Touche  Tohmatsu  s.c.,  Brussels,  are  recom(cid:220)
mended  as  the  external  auditors  of  the  Banque  Nationale
de  Belgique/Nationale  Bank  van  Belgiæ;

KPMG  Deutsche  Treuhandgesellschaft  AG  and  PwC
Deutsche  Revision  AG  are  recommended  as  the  external
auditors  of  the  Deutsche  Bundesbank;

Coopers(cid:216)&(cid:216)Lybrand,  belonging  to  the  international  firm
the
is 
PricewaterhouseCoopers, 
external  auditor  of  the  Banco  de  Espa(cid:253)a;

recommended 

as 

Mazars(cid:216)&(cid:216)Gu~rard, 
and  Deloitte  Touche
Tohmatsu  -  Audit,  Neuilly,  are  recommended  as  the
external  auditors  of  the  Banque  de  France;

Paris, 

PricewaterhouseCoopers,  Dublin,  is  recommended  as  the
external  auditor  of  the  Central  Bank  of  Ireland;

PricewaterhouseCoopers  Sarl  (Soci~t~  {  responsabilit~
limit~e),  R~viseur  d’Entreprises,  Luxembourg,  is  recom(cid:220)
mended  as  the  external  auditor  of  the  Banque  centrale
du  Luxembourg;

Prof.  Drs.  J.(cid:216)A.  van  Manen  RA  (Registered  Accountant)
is  recommended  as  the  external  auditor  of  De  Neder(cid:220)
landsche  Bank,  acting  on  a  personal  assignment,  partner
of  PricewaterhouseCoopers;

Prof.  DDr.  Kurt  Neuner,  Dr.  Pipin  Henzl,  Dr.  Peter
Wolf,  Mag.  Christian  Hofer,  Dkfm.  Dr.  Peter  Christian
Gormasz  and  Dkfm.  Leopold  Wundsam,  all  of  whom
are  registered  certified  public  accountants,  are  recom(cid:220)
mended  as  the  external  auditors  of  the  ˆsterreichische
Nationalbank;

PricewaterhouseCoopers  -  Auditores  e  Consultores
Lda.,  is  recommended  as  the  external  auditor  of  the
Banco  de  Portugal;  and

Arthur  Andersen  Oy  is  recommended  as  the  external
auditor  of  Suomen  Pankki.

This  recommendation  shall  be  published  in  the  Official
Journal  of  the  European  Communities.

This  recommendation  is  addressed  to  the  Council  of  the
European  Union.

Done  at  Frankfurt  am  Main  on  12  November  1998.

The  President  of  the  ECB

Willem  F.  DUISENBERG