CELEX: 11992M/PRO/SEBC/03
Language: en
Date: 1992-02-07 00:00:00
Title: Treaty on European Union - Protocol on the statute of the European System of Central Banks and of the European Central Bank - Chapter II: Objectifs and tasks of the ESCB - Article 3: Tasks

Avis juridique important

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11992M/PRO/SEBC/03

Treaty on European Union - Protocol on the statute of the European System of Central Banks and of the European Central Bank - Chapter II: Objectifs and tasks of the ESCB - Article 3: Tasks  

Official Journal C 191 , 29/07/1992 P. 0069

 Article 3  Tasks 3.1. In accordance with Article 105(2) of this Treaty, the basic tasks to be carried out through the ESCB shall be:  -  to define and implement the monetary policy of the Community;  -  to conduct foreign exchange operations consistent with the provisions of Article 109 of this Treaty;  -  to hold and manage the official foreign reserves of the Member States;  -  to promote the smooth operation of payment systems.  3.2. In accordance with Article 105(3) of this Treaty, the third indent of Article 3.1 shall be without prejudice to the holding and management by the governments of Member States of foreign exchange working balances.  3.3. In accordance with Article 105(5) of this Treaty, the ESCB shall contribute to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system.