The Executive Board
Terms of office – past and present
Members of the Executive Board
consists of
-
the President, Vice-President and
-
four other members
All members are appointed by common accord of the Heads of State or Government of the euro area countries.
Responsibilities
- to prepare Governing Council meetings;
- to implement monetary policy for the euro area in accordance with the
guidelines specified and decisions taken by the Governing Council. In
so doing, it gives the necessary instructions to the euro area NCBs;
- to manage the day-to-day business of the ECB;
- to exercise certain powers delegated to it by the Governing Council. These
include some of a regulatory nature.
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Members
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Legal basis
Article 11 of the Statute (of the European System of Central Banks and of the European Central Bank)
contains all provisions concerning the Executive Board.
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