European Central Bank

European Central Bank is a part of the European Union that maintains the Euro which is a currency for a large portion of a countries in Europe. Most of the videos showcase official meetings which are related to the most powerful leaders in member countries. The channel banner has images of various stock photos of buildings and banknotes, and there are videos that are over a hour long.
There are no closed captions on the videos expect for a few videos, and most of the videos are in English. However, there are videos that are in other European languages that showcase features of the new Euro banknotes along with explanation videos.
There are history videos about the central bank along with the notes itself. The different playlist are split into different categories such as the annual meetings. The European Central Bank is located Frankfurt am Main in Germany, and there are other European Union related channels such as European Commission, Frontex, etc.
The primary objective of the ECB, mandated in Article 2 of the Statute of the ECB, is to maintain price stability within the Eurozone. Its basic tasks, set out in Article 3 of the Statute, are to set and implement the monetary policy for the Eurozone, to conduct foreign exchange operations, to take care of the foreign reserves of the European System of Central Banks and operation of the financial market infrastructure under the TARGET2 payments system and the technical platform (currently being developed) for settlement of securities in Europe (TARGET2 Securities). The ECB has, under Article 16 of its Statute, the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand.
The ECB is governed by European law directly, but its set-up resembles that of a corporation in the sense that the ECB has shareholders and stock capital. Its capital is €11 billion held by the national central banks of the member states as shareholders. The initial capital allocation key was determined in 1998 on the basis of the states' population and GDP, but the capital key has been adjusted. Shares in the ECB are not transferable and cannot be used as collateral.
==Decision-making bodies==
===Executive Board===
Jean-Claude Trichet, the second President of the European Central Bank
The Executive Board is responsible for the implementation of monetary policy (defined by the Governing Council) and the day-to-day running of the bank. It can issue decisions to national central banks and may also exercise powers delegated to it by the Governing Council. Executive Board members are assigned a portfolio of responsibilities by the President of the ECB. The Executive Board normally meets every Tuesday.
It is composed of the President of the Bank (currently Christine Lagarde), the Vice-President (currently Luis de Guindos) and four other members. They are all appointed for non-renewable terms of eight years. Member of the Executive Board of the ECB are appointed "from among persons of recognised standing and professional experience in monetary or banking matters by common accord of the governments of the Member States at the level of Heads of State or Government, on a recommendation from the Council, after it has consulted the European Parliament and the Governing Council of the ECB".
José Manuel González-Páramo, a Spanish member of the Executive Board since June 2004, was due to leave the board in early June 2012, but no replacement had been named as of late May. The Spanish had nominated Barcelona-born Antonio Sáinz de Vicuña – an ECB veteran who heads its legal department – as González-Páramo's replacement as early as January 2012, but alternatives from Luxembourg, Finland, and Slovenia were put forward and no decision made by May. After a long political battle and delays due to the European Parliament's protest over the lack of gender balance at the ECB, Luxembourg's Yves Mersch was appointed as González-Páramo's replacement.
===Governing Council===
The Governing Council is the main decision-making body of the Eurosystem. It comprises the members of the Executive Board (six in total) and the governors of the National Central Banks of the euro area countries (19 as of 2015).
Since January 2015, the ECB has published on its website a summary of the Governing Council deliberations ("accounts"). These publications came as a partial response to recurring criticism against the ECB's opacity. However, in contrast to other central banks, the ECB still does not disclose individual voting records of the governors seating in its Council.
===General Council===
The General Council is a body dealing with transitional issues of euro adoption, for example, fixing the exchange rates of currencies being replaced by the euro (continuing the tasks of the former EMI). It will continue to exist until all EU member states adopt the euro, at which point it will be dissolved. It is composed of the President and vice-president together with the governors of all of the EU's national central banks.
===Supervisory Board===
The Supervisory Board meets twice a month to discuss, plan and carry out the ECB's supervisory tasks. It proposes draft decisions to the Governing Council under the non-objection procedure. It is composed of Chair (appointed for a non-renewable term of five years), Vice-Chair (chosen from among the members of the ECB's Executive Board) four ECB representatives and representatives of national supervisors. If the national supervisory authority designated by a Member State is not a national central bank (NCB), the representative of the competent authority can be accompanied by a representative from their NCB. In such cases, the representatives are together considered as one member for the purposes of the voting procedure.
It also includes the Steering Committee, which supports the activities of the Supervisory Board and prepares the Board's meetings. It is composed by the Chair of the Supervisory Board, Vice-Chair of the Supervisory Board, one ECB representative and five representatives of national supervisors. The five representatives of national supervisors are appointed by the Supervisory Board for one year based on a rotation system that ensures a fair representation of countries.
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