August 27, 2014 11:41 PM ET

Diversified Financial Services

Company Overview of European Central Bank

Company Overview

European Central Bank operates as the central bank for Europe's single currency, the euro. The company is engaged in the definition and implementation of monetary policy for the euro area; conducting foreign exchange operations; holding and management of the official foreign reserves of the euro area countries; and the promotion and operation of payment systems. It is also issues banknotes; collects statistical information necessary for fulfilling the tasks from national authorities or directly from economic agents; supervises credit institutions and the stability of financial system; and maintains working relations with relevant institutions and bodies. European Central Bank was founded in ...

Eurotower (Main building)

Kaiserstrasse 29

Frankfurt am Main,  60311

Germany

Founded in 1998

Phone:

49 69 13 44 0

Fax:

49 69 13 44 60 00

Key Executives for European Central Bank

President of Executive Board
Age: 66
President of The Deutsche Bundesbank
Age: 45
Head of International & European Relations
Chief of Economics
Age: 64
Director General of Information Systems
Compensation as of Fiscal Year 2014.

European Central Bank Key Developments

European Central Bank Mulls Asset Acquisition

European Central Bank (ECB) is ready to acquire assets if it deems them necessary to counter a too prolonged period of low inflation in the euro zone, ECB’s Executive Board member Benoit Coeure said. He said: "Asset purchases are an instrument that we are ready to use if we deem necessary." "In practice, purchases would naturally be linked to the interest rate maturities that are most important for firms' and households' investment and consumption decisions. In the euro area, this tends to be the intermediate to longer part of the yield curve," he added. He further stated: "Overall, the yardstick for the success of any targeted asset purchases would not be the size of our balance sheet, but the observable effect of our operations on term premia across markets and jurisdictions."

European Central Bank Presents at Great Debates Spring IM F Investor Conference, Apr-12-2014 02:45 PM

European Central Bank Presents at Great Debates Spring IM F Investor Conference, Apr-12-2014 02:45 PM. Venue: The Hay-Adams Hotel, 800 16th St NW, Washington, DC 20006, District Of Columbia, United States. Speakers: Ignazio Angeloni, Directorate General of Financial Stability and Member of Governing Council.

European Central Bank Appoints Three SSM Board Members

The Governing Council of the European Central Bank (ECB) has appointed three ECB representatives to the Supervisory Board of the Single Supervisory Mechanism (SSM). The three newly appointed SSM Board Members members were identified as Sirkka Hamalainen, Julie Dickson and Ignazio Angeloni. Hamalainen was a Member of the Executive Board of the ECB from 1998 to 2003, while Angeloni is currently Director General Macro-Prudential Policy and Financial Stability at the ECB. Dickson is currently Superintendent of Financial Institutions at the Office of the Superintendent of Financial Institutions (OSFI), the primary Canadian regulator and supervisor of the financial industry.

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