In addition to the financial assessment, the Commission organises financial audits to project contractors to analyse and control the transparency of the financial project management.

Currency Development

Audit Services

During the previous audits of the Court , the attention of management has been drawn to the absence of a reliable inventory of tangible assets .

Governance The system 's governance arrangements should be effective , accountable and transparent .

The ESCB division is responsible for the coordination of audits made by the National Central Banks within the framework of the European System of Central Banks .

Open source Document Management System

Foreign reserve management Teleconference system

and ( iii ) registered in the NCB 's cash management system ( 1 ) .

Manage your system tasks

These audits are co ordinated within the Internal Auditors Committee .

Audit Missions Audit Services Divisions

Some banknotes from this stock were used to meet additional commercial bank requirements during frontloading and helped the launch phase to go smoothly .

Establishing a quality management system An additional objective of the zero production run was to substantiate the common quality management system .

In addition , it could also become the interface with the Eurosystem collateral management system and thereby facilitate panEuropean liquidity management .

the gradual introduction of an integrated management system for external borders.

( c ) the gradual introduction of an integrated management system for external borders .

the gradual introduction of an integrated management system for external borders .

The ECB division is responsible for audits concerning the ECB services .

The implementation of a common quality system has involved a substantial amount of work and the system has now been confirmed as being operational in all printing works .

1 D E C I S I O N M A K I N G B O D I E S A N D C O R P O R AT E GOVERNANCE OF THE ECB 1.1 THE EUROSYSTEM AND THE EUROPEAN SYSTEM OF CENTRAL BANKS EUROPEAN SYSTEM OF CENTRAL BANKS ( ESCB )

Nevertheless , the stock management system helped to prevent any disruption and paved the way for a permanent stock management system after the cash changeover .

1 DECISION MAKING BODIES AND CORPORATE GOVERNANCE OF THE ECB 1.1 THE EUROSYSTEM AND THE EUROPEAN SYSTEM OF CENTRAL BANKS

1 DECISION MAKING BODIES AND CORPORATE GOVERNANCE OF THE ECB 1.1 THE EUROSYSTEM AND THE EUROPEAN SYSTEM OF CENTRAL BANKS ( ESCB )

In parallel , a project to implement an overall IT Asset Management System will be proposed for 2002 .

A revised system of internal management and control was put in place following the Commission 's Reform initiative on financial management .

System operators should consider which risk management tools would be most appropriate for the system they operate .

to have arrangements for the sound management of the technical operations of the system , including the establishment of effective contingency arrangements to cope with risks of systems disruptions

Management of financial risks The system should have clearly defined procedures for the management of credit risks and liquidity risks , which specify the respective responsibilities of the system operator and the participants and which provide appropriate incentives to manage and contain those risks .

Pensions The system for the governance of the ECB Retirement Plan was completed with the establishment of the Oversight Committee and the Investment Committees .

University management. Quality assurance system and quality control. Mutual recognition of diplomas. Institutional contracts. Introduction of credit transfer system (ECTS). Participation in Thematic networks of Socrates.

GOVERNANCE

( f ) the members of the European System of Central Banks and other national bodies performing similar functions and other public bodies charged with or intervening in the management of the public debt

Standing facility a central bank facility available to counterparties at their own initiative . The Eurosystem offers two overnight standing facilities the marginal lending facility and the deposit facility .

Settlement date the date on which a transaction is settled . The settlement might take place on the same day as the trade ( same day settlement ) or one or several days after the trade ( the settlement date is specified as the trade date ( T ) the settlement lag ) .

Settlement agent an institution which manages the settlement process ( e.g. the determination of settlement positions , the monitoring of payment exchanges , etc .) for transfer systems or other arrangements requiring settlement .

A common quality management system ensured an identical standard for all banknotes .

any measure necessary for the gradual establishment of an integrated management system for external borders

( d ) any measure necessary for the gradual establishment of an integrated management system for external borders

Achieving the appropriate production quality was the next step

any measure necessary for the gradual establishment of an integrated management system for external borders

7.66 Central rate against the euro announced on 31 December 1998 7.46038 .

The new premises are expected to be completed by the end of 2013 . Since the very beginning of the project , the ECB has endeavoured to ensure that the new building is highly energy efficient .

administrative and control structures for agriculture and rural development, including the Integrated Administration and Control System (IACS)

possibilities to process card payments . The separation between scheme management and processing must be effective and not just on paper .