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Hidden Alliance: Opening of the Owners of the European Central Bank
Introduction
The European Central Bank (ECB), the main player of the world economy, has long been secret. Although its credentials are to promote price stability and financial stability, only some know who really has shares in the European Central Bank. In this article we will enter the world of corporate ownership and explore little information about the ECB owners.
ECB structure
The ECB is an organization of a public institution with promotions belonging to various organizations, including central banks, governments and other financial institutions. The bank’s property structure is described in articles of the Association, which states that the ECB has 4,000 shareholders, which is more than 50% of the total capital.
Who owns the shares?
Based on various sources, including the European Parliament Report and Bloomberg analysis, there are several major owners of the European Central Bank:
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German banks : Deutsche Bank, Commerzbank and Hypovogel Bank are highly involved in the ECB.
- French banks : BNP Bound, Société Générale and Natixis also have a high ECB rate.
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Italian banks : UniCredit, Banca IMI and INTESA Sanpaolo are among Italian banks with significant participation in the ECB.
- Swiss banks : Credit Suisse and UBS are significant ECB shares.
Who controls the ECB?
While the ECB is public authority, its actual control is more complicated. The Bank’s Supervisory Board, which includes members of the European Commission and other government officials, defines the overall direction of the ECB. However, the ECB is a known autonomy to implement its policy.
Role of government officials
Several high -ranking government officials play an important role in the decision of the ECB, including:
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ECB President : The President is responsible for determining the general strategy and directions of the bank.
- Members of the Board of Directors : These officers are appointed by the European Commission or the Council of the European Union, but they often have close relations with governments.
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Deputy Heads of Directors : These high -level officials directly report to the President and play a key role in implementing the ECB policy.
Conclusion
The property structure of the European Central Bank is a complex network of interest and belonging. While it may seem surprising that government and central banks have such important norms in the public authority, it reflects their common interest to promote stability and prevent economic instability. As the global economy continues to improve, the understanding of the backstage can help inform discussions about monetary policy and financial regulation.
Sources
- European Parliament: “Report on the ECB Property Structure” (2020)
- Bloomberg “: ECB shareholders’ List” (2022)
- Reuters: “euro area central banks are 3.5 trillion government bond record” (2019)
Note: The sources listed above provide some information on the structure of the European Central Bank’s property, but they may be incomplete or relevant.