European Central Banks

HC Deb 31 March 1998 vol 309 c450W

Mr. Mitchell

To ask the Chancellor of the Exchequer if he will list for each member state of the European Union(a) the current functions performed in whole or in part by their central bank, (b) for each function, those bodies or persons responsible for decisions in respect of each and (c) to whom such bodies or persons are currently accountable. [37215]

Mrs. Liddell

The EMI convergence report, published in March 1998 in accordance with Article 109j(1) of the EC Treaty, provides a detailed account of the statutory duties of member states' national central banks and the extent of legal convergence with the Treaty.