ECB reallocates subscribed capital after Brexit
Eurozone central banks will increase their total paid-up capital by €1.2 billion over the next two years
The European Central Bank will maintain its subscribed capital at €10.8 billion ($11.9 billion) following Brexit, the ECB said on January 30, but contributions will be reallocated.
The Bank of England’s departure from the European System of Central Banks means the contribution of eurozone central banks will increase by €1.2 billion in order to make up for the BoE’s 14.3% share, or capital key. The 19 eurozone central banks will pay up their increased subscriptions in full, across two annual
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Financial reporting
BoE proposes reducing data reporting requirements for banks
UK central bank to phase out EU-era regulations in drive to reduce lenders’ admin costs
NBER paper emphasises role of accounting in bank regulation
Bookkeeping conventions matter to how effective capital and liquidity rules are, authors write
Options for realising gold revaluations
Is monetary gold a special case in central bank revaluations accounting?
Central banks need common accounting standard – Honohan
Former Irish central bank governor calls for policy-makers to report portfolios at fair value
BIS reports record income as Carstens steps down
General manager attributes strong result to successful banking department transformation
Auditors need to make friends and influence people – DNB official
Olaf Sleijpen says central banks’ internal referees need to improve their comms and people skills
Central banks must rethink their accounting treatment of money
Biagio Bossone and Massimo Costa call for money to be accounted for as equity for the issuer and as a public asset for the economy
The implications of IFRS 18 for central banks
The new accounting rule may require changes in reporting practices and systems, complicating consistency and materiality considerations