Relevant legislation requiring adaptation may , in particular , be found in the following areas .

Relevant legislation requiring adaptation may in particular be found in the following areas

The need for consensus is especially acute with respect to the difficult decisions concerning Europe that the German government now faces.

Indeed , the practical implementation of the ECB Framework at national level has revealed the narrowness of the term , especially as regards retailers who re fill automated teller machines ( cash points ) .

The clarification of the existing obligations is particularly welcome as regards the sharing of information on specific banking groups between supervisory authorities and central banks .

Regarding the organisational aspects of the ESRB , the ECB considers it particularly important that the composition of the ESRB 's Steering Committee adequately reflects that of the ESRB 's General Board .

The ECB has therefore prepared this Guide to inform and provide assistance to national authorities , especially in the new Member States , in respect of this duty .

Woe to the unbelievers for the terrible punishment (that awaits).

Relevant legislation requiring adaptation is in particular found in the following areas banknotes , coins , foreign reserve management , exchange rate policy and confidentiality .

With respect to SDDs , key indicators should be provided .

The ECB performs a dual role with regard to CLS .

With respect to FCLs , key indicators should be provided .

7 The ECB performs a dual role with regard to the CLS .

Differences may also arise as balances in foreign currency are revalued at a different frequency ( quarterly as regards the accounting data , monthly as regards the statistical data ) .

For institutions that are allowed to act as intermediaries for indirect reserve holdings of other institutions , special reporting requirements are specified in the ECB Regulation on minimum reserves .

In some cases, an Article of the Charter may contain both elements of a right and of a principle, e.g.

Selling Securities Holders . Dilution ( for equity securities only ) .

( 5 ) This refers to issues in national denominations of the euro .

Some progress has been made with regard to privatisation and liberalisation .

On the whole , the reorganisation of the banking and financial industry has occurred mainly within national borders , and the relevance of cross border activity is still limited , especially in the supply of retail services .

Some predictions of general relativity differ significantly from those of classical physics, especially concerning the passage of time, the geometry of space, the motion of bodies in free fall, and the propagation of light.

In respect with all above listed priorities preferences will be given to

Protocol on external relations of the Member States with regard to the crossing of

Focusing on China , the economy continued to expand briskly last year .

That's one project we're particularly excited about, and that's going to start next month.

( 4 )

A number of indicators show that market participants had significant concerns regarding the sustainability of convergence in Estonia .

As regards the oversight of the future TARGET2 system , the general organisational framework is in place .

with regard to employee matters , turnover , terminations , recruitment .

As regards fiscal policies , a number of countries have presented their 2006 budget plans .

There is a natural pecking order as regards the various liquidity sources .

There is a wide spectrum of opinion among scholars concerning these stories.

As regards structural reforms , recent achievements in the context of the Lisbon strategy are encouraging .

These expectations should give market participants guidance in the migration process .

( iv ) for securities , the time series transmitted to the ECB shall commence in December 1989 for outstanding amounts and January 1990 for flows

But stock exchanges have limits, particularly in Brazil.

With regard to structural reforms , it is important that governments continue their efforts to make progress .

Some progress with structural reforms in euro area product markets has been made over the last few years , especially with regard to the integration of goods markets and regulatory reforms in network industries .

The present Decision takes into account the preparatory work carried out by the European Monetary Institute ( EMI ) and , in particular with regard to the banknote designs , the results of a Europe wide competition between banknote designers .

of interest might not arise from other functions of the IML s Council members . This is an inconsistency in the draft law which should be corrected urgently .

and provisions on mergers involving credit institutions in respect of the application of the minimum reserve system .

ECB Annual Report 2005 91

Focusing on China , the economy continued to grow strongly in 2006 .

on the application of certain aspects of Article 26 of the Treaty on the Functioning of the European Union to the United Kingdom and to Ireland .

First , there were a number of institutional changes with regard to the treatment of repos .