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title="toggle subpages for Operațiuni de piață internaționale"></a><ul><li class="clearfix"><a href="/mopo/international-market-operations/liquidity_lines/html/index.ro.html">Linii de furnizare de lichiditate în euro pentru băncile centrale</a></li></ul></li><li class="clearfix"><a href="/mopo/ela/html/index.ro.html">Asistența pentru acoperirea nevoii de lichiditate în situații de urgență (ELA)</a></li><li class="clearfix"><a href="/mopo/liq/html/index.ro.html">Analiza lichidității</a></li><li class="has-subpages"><a href="/mopo/coll/html/index.ro.html">Garanții</a><a href="#" class="subpages" title="toggle subpages for Garanții"></a><ul><li class="has-subpages"><a href="/mopo/coll/standards/html/index.ro.html">Criterii de eligibilitate și evaluare</a><a href="#" class="subpages" title="toggle subpages for Criterii de eligibilitate și evaluare"></a><ul><li class="clearfix"><a href="/mopo/coll/standards/marketable/html/index.ro.html">Active tranzacționabile</a></li><li class="clearfix"><a href="/mopo/coll/standards/nonmarketable/html/index.ro.html">Active netranzacționabile</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/assets/html/index.ro.html">Lista activelor tranzacționabile eligible</a><a href="#" class="subpages" title="toggle subpages for Lista activelor tranzacționabile eligible"></a><ul><li class="clearfix"><a href="/mopo/coll/assets/guide/html/index.ro.html">Ghid de utilizare</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/coll/html/index.ro.html">Mobilizarea garanțiilor</a><a href="#" class="subpages" title="toggle subpages for Mobilizarea garanțiilor"></a><ul><li class="clearfix"><a href="/mopo/coll/coll/ccbm/html/index.ro.html">Modelul băncilor centrale corespondente</a></li><li class="clearfix"><a href="/mopo/coll/coll/eligiblesss/html/index.ro.html">Sisteme eligibile de decontare a instrumentelor financiare</a></li><li class="clearfix"><a href="/mopo/coll/coll/ssslinks/html/index.ro.html">Conexiuni eligibile</a></li><li class="clearfix"><a href="/mopo/coll/coll/triparty/html/index.ro.html">Agenți tripartiți eligibili</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/risk/html/index.ro.html">Reducerea riscurilor</a><a href="#" class="subpages" title="toggle subpages for Reducerea riscurilor"></a><ul><li class="clearfix"><a href="/mopo/coll/risk/ecaf/html/index.ro.html">Cadrul Eurosistemului de evaluare a creditelor</a></li><li class="clearfix"><a href="/mopo/coll/risk/riskcontrol/html/index.ro.html">Controlul riscurilor</a></li><li class="clearfix"><a href="/mopo/coll/risk/liquidity/html/index.ro.html">Categorii de marje de ajustare a valorii</a></li><li class="clearfix"><a href="/mopo/coll/risk/valuation/html/index.ro.html">Evaluare</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/loanlevel/html/index.ro.html">Inițiativa privind informațiile la nivel de credit</a><a href="#" class="subpages" title="toggle subpages for Inițiativa privind informațiile la 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href="/mopo/eaec/eer/html/index.ro.html">Cursurile de schimb efective</a></li><li class="clearfix"><a href="/mopo/eaec/structure/html/index.ro.html">Structura financiară</a></li><li class="clearfix"><a href="/mopo/eaec/markets/html/index.ro.html">Piețele financiare</a></li><li class="clearfix"><a href="/mopo/eaec/intermediaries/html/index.ro.html">Intermediarii financiari</a></li><li class="clearfix"><a href="/mopo/eaec/diversity/html/index.ro.html">Diversitatea economică</a></li><li class="clearfix"><a href="/mopo/eaec/labour/html/index.ro.html">Piața forței de muncă</a></li></ul></li><li class="has-subpages"><a href="/mopo/market-contact-groups/html/index.ro.html">Grupuri de contact pentru piețe</a><a href="#" class="subpages" title="toggle subpages for Grupuri de contact pentru piețe"></a><ul><li class="clearfix"><a href="/mopo/market-contact-groups/bmcg/html/index.ro.html">Grupul de contact pentru piața obligațiunilor</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/mmcg/html/index.ro.html">Grupul de contact pentru piața monetară</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/dimcg/html/index.ro.html">Grupul de contact pentru piețele emisiunilor de instrumente de natura datoriei</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/omg/html/index.ro.html">Grupul BCE pentru managerii de operațiuni</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/fxcg/html/index.ro.html">Grupul de contact pentru schimb valutar</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/iid/html/index.ro.html">Dialogul cu investitorii instituționali</a></li></ul></li></ul></div></li><li class="has-subpages -section" aria-expanded="false"><a href="/paym/html/index.ro.html">Plăți și stabilitate financiară</a><a href="#" class="subpages" title="toggle subpages for Plăți și stabilitate financiară"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div 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Review<i>”</i></div> <div class="image-date">16 mai 2024</div></a></div></div><ul><li class="clearfix"><span>Plăți</span></li><li class="has-subpages"><a href="/paym/target/html/index.ro.html">Servicii TARGET</a><a href="#" class="subpages" title="toggle subpages for Servicii TARGET"></a><ul><li class="clearfix"><a href="/paym/target/coco/html/index.ro.html">Elemente comune</a></li><li class="has-subpages"><a href="/paym/target/t2/html/index.ro.html">T2</a><a href="#" class="subpages" title="toggle subpages for T2"></a><ul><li class="clearfix"><a href="/paym/target/t2/facts/html/index.ro.html">Facts and figures</a></li><li class="clearfix"><a href="/paym/target/t2/governance/html/index.ro.html">Guvernanță</a></li></ul></li><li class="has-subpages"><a href="/paym/target/t2s/html/index.ro.html">T2S</a><a href="#" class="subpages" title="toggle subpages for T2S"></a><ul><li class="clearfix"><a href="/paym/target/t2s/governance/html/index.ro.html">Guvernanță</a></li><li class="clearfix"><a href="/paym/target/t2s/facts/html/index.ro.html">Date și cifre</a></li><li class="clearfix"><a href="/paym/target/t2s/pricing/html/index.ro.html">Stabilirea prețurilor</a></li></ul></li><li class="has-subpages"><a href="/paym/target/tips/html/index.ro.html">TIPS</a><a href="#" class="subpages" title="toggle subpages for TIPS"></a><ul><li class="clearfix"><a href="/paym/target/tips/crossborder/html/index.ro.html">Cross-border payments</a></li><li class="clearfix"><a href="/paym/target/tips/governance/html/index.ro.html">Guvernanță</a></li><li class="clearfix"><a href="/paym/target/tips/facts/html/index.ro.html">Date și cifre</a></li><li class="clearfix"><a href="/paym/target/tips/onboarding/html/index.ro.html">Integrare</a></li></ul></li><li class="clearfix"><a href="/paym/target/ecms/html/index.ro.html">Sistemul de gestionare a colateralului din cadrul Eurosistemului (ECMS)</a></li><li class="has-subpages"><a 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linkuri aferente ECMS</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/integration/html/index.ro.html">Integrare și inovare</a><a href="#" class="subpages" title="toggle subpages for Integrare și inovare"></a><ul><li class="has-subpages"><a href="/paym/integration/distributed/html/index.ro.html">Tehnologiile registrelor distribuite</a><a href="#" class="subpages" title="toggle subpages for Tehnologiile registrelor distribuite"></a><ul><li class="clearfix"><a href="/paym/integration/distributed/exploratory/html/index.ro.html">Activități de explorare</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/retail/html/index.ro.html">Plăți de mică valoare</a><a href="#" class="subpages" title="toggle subpages for Plăți de mică valoare"></a><ul><li class="clearfix"><a href="/paym/integration/retail/retail_payments_strategy/html/index.ro.html">Strategia pentru plățile de mică valoare</a></li><li class="clearfix"><a href="/paym/integration/retail/ecb/html/index.ro.html">Rolul de catalizator al BCE</a></li><li class="clearfix"><a href="/paym/integration/retail/sepa/html/index.ro.html">Zona unică de plăți în euro (SEPA)</a></li><li class="clearfix"><a href="/paym/integration/retail/instant_payments/html/index.ro.html">Plăți instant</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/collateral/html/index.ro.html">Armonizarea gestionării colateralului</a><a href="#" class="subpages" title="toggle subpages for Armonizarea gestionării colateralului"></a><ul><li class="clearfix"><a href="/paym/integration/collateral/implementation/html/index.ro.html">Implementare</a></li><li class="clearfix"><a href="/paym/integration/collateral/faq/html/index.ro.html">Întrebări frecvente</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/cyber-resilience/html/index.ro.html">Reziliență cibernetică</a><a href="#" class="subpages" title="toggle subpages for Reziliență cibernetică"></a><ul><li class="clearfix"><a href="/paym/cyber-resilience/fmi/html/index.ro.html">Infrastructuri ale piețelor financiare</a></li><li class="clearfix"><a href="/paym/cyber-resilience/tiber-eu/html/index.ro.html">Atacuri etice bazate pe informații operative privind amenințările (TIBER-EU)</a></li></ul></li><li class="has-subpages -current"><a href="/paym/pol/html/index.ro.html">Monitorizare</a><a href="#" class="subpages" title="toggle subpages for Monitorizare"></a><ul><li class="clearfix"><a href="/paym/pol/systems/html/index.ro.html">Sisteme de plăți</a></li><li class="clearfix"><a href="/paym/pol/target2-securities/html/index.ro.html">TARGET2-Securities</a></li><li class="clearfix"><a href="/paym/pol/instr/html/index.ro.html">Plăți electronice</a></li><li class="clearfix"><a href="/paym/pol/clearing/html/index.ro.html">Sisteme de decontare a operațiunilor cu titluri de valoare și contrapartide centrale</a></li><li class="clearfix"><a href="/paym/pol/critical/html/index.ro.html">Furnizori de servicii critice</a></li><li class="clearfix"><a href="/paym/pol/correspondent-and-custodian-banks/html/index.ro.html">Bănci corespondente și bănci custode</a></li><li class="clearfix"><a href="/paym/pol/forum/html/index.ro.html">Forumul „SecuRe Pay”</a></li></ul></li><li class="has-subpages"><a href="/paym/erms/html/index.ro.html">Servicii de gestionare a rezervelor</a><a href="#" class="subpages" title="toggle subpages for Servicii de gestionare a rezervelor"></a><ul><li class="clearfix"><a href="/paym/erms/aspects/html/index.ro.html">Aspecte principale</a></li><li class="clearfix"><a href="/paym/erms/service/html/index.ro.html">Gamă de servicii</a></li></ul></li><li class="has-subpages"><a href="/paym/cashprof/html/index.ro.html">Agenți profesioniști care operează cu numerar</a><a href="#" class="subpages" title="toggle subpages for Agenți profesioniști care operează cu numerar"></a><ul><li class="has-subpages"><a href="/paym/cashprof/cashhand/html/index.ro.html">Procesarea numerarului</a><a href="#" class="subpages" title="toggle subpages for Procesarea numerarului"></a><ul><li class="clearfix"><a href="/paym/cashprof/cashhand/devices/html/index.ro.html">Dispozitive de stabilire a autenticității</a></li><li class="clearfix"><a href="/paym/cashprof/cashhand/recycling/html/index.ro.html">Repunerea în circulaţie a bancnotelor</a></li></ul></li><li class="clearfix"><a href="/paym/cashprof/cdispec/html/index.ro.html">Specificaţiile interfeţei comune pentru detectoare</a></li><li class="clearfix"><a href="/paym/cashprof/accreditation/html/index.ro.html">Acreditarea producătorilor de bancnote</a></li></ul></li><li class="has-subpages"><a href="/paym/groups/html/index.ro.html">Grupuri de contact pentru plăți</a><a href="#" class="subpages" title="toggle subpages for Grupuri de contact pentru plăți"></a><ul><li class="clearfix"><a href="/paym/groups/ami/html/index.ro.html">Grupurile consultative privind infrastructurile de piață</a></li><li class="clearfix"><a href="/paym/groups/euro-cyber-board/html/index.ro.html">Comitetul privind reziliența cibernetică a operațiunilor în euro</a></li><li class="clearfix"><a href="/paym/groups/erpb/html/index.ro.html">Consiliul privind plățile de mică valoare în euro</a></li><li class="clearfix"><a href="/paym/groups/efip/html/index.ro.html">Forumul european pentru inovație în materie de plăți</a></li></ul></li><li class="clearfix"><span>Stabilitate financiară</span></li><li class="clearfix"><a href="/paym/financial-stability/html/index.ro.html">Introducere în stabilitatea financiară</a></li><li class="clearfix"><a href="/paym/macroprudential-measures/html/index.ro.html">Măsuri macroprudențiale</a></li><li class="clearfix"><a href="/paym/financial_stability_contact_groups/html/index.ro.html">Grupuri de contact pentru stabilitate financiară</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/stats/html/index.ro.html">Statistici</a><a href="#" class="subpages" title="toggle subpages for Statistici"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Statistici</div> <p>Acces la toate statisticile BCE și informații contextuale</p><a href="/stats/html/index.en.html">Prezentare generală a statisticilor BCE</a><hr> <div class="nav-title">Linkuri rapide</div> <ul> <li><a href="https://data.ecb.europa.eu/main-figures">Cele mai importante cifre</a></li> <li><a href="https://data.ecb.europa.eu/">Portalul de date al BCE</a></li> <li><a href="/stats/ecb_statistics/accessing-our-data/html/index.en.html">Toate serviciile de date</a></li> </ul> </div><a href="/press/blog/date/2024/html/ecb.blog20240418~2240ea1850.en.html" class="item image"> <img src="/press/blog/date/2024/html//ecb.blog20240418~2240ea1850/ecb.blog20240418~2240ea1850.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">BLOGUL BCE - Date îmbunătățite: modul în care schimbările climatice afectează băncile</div> <div class="image-date">18 aprilie 2024</div></a></div></div><ul><li class="clearfix"><span>Accesate frecvent</span></li><li class="clearfix"><a href="/stats/euro-exchange-rates/html/index.ro.html">Cursurile de schimb ale euro</a></li><li class="clearfix"><a href="/stats/key-ecb-interest-rates/html/index.ro.html">Ratele dobânzilor reprezentative ale BCE</a></li><li class="has-subpages"><a href="/stats/euro-short-term-rates/html/index.ro.html">Rata dobânzii pe termen scurt la operațiunile în euro (€STR)</a><a href="#" class="subpages" title="toggle subpages for Rata dobânzii pe termen scurt la operațiunile în euro (€STR)"></a><ul><li class="has-subpages"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/html/index.ro.html">Ratele dobânzilor de referință</a><a href="#" class="subpages" title="toggle subpages for Ratele dobânzilor de referință"></a><ul><li class="clearfix"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates/html/index.ro.html">Grupul de lucru privind ratele dobânzilor fără risc la operațiunile în euro</a></li></ul></li></ul></li><li class="clearfix"><a href="/stats/inflation/html/index.ro.html">Inflație</a></li><li class="clearfix"><a href="/stats/euro-area-yield-curves/html/index.ro.html">Curbele randamentelor aferente zonei euro</a></li><li class="clearfix"><span>Toate statisticile și informații contextuale</span></li><li class="clearfix"><a href="/stats/all-key-statistics/html/index.ro.html">Toate datele statistice principale</a></li><li class="clearfix"><a href="/stats/accessing-our-data/html/index.ro.html">Toate serviciile de date</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/html/index.ro.html">Raportare de date și standarde</a><a href="#" class="subpages" title="toggle subpages for Raportare de date și standarde"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/governance_and_quality_framework/html/index.ro.html">Cadrul de guvernanță și calitate</a></li><li class="clearfix"><a href="/stats/ecb_statistics/co-operation_and_standards/html/index.ro.html">Cooperare și standarde</a></li><li class="clearfix"><a href="/stats/ecb_statistics/reporting/html/index.ro.html">Raportarea datelor băncilor</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/anacredit/html/index.ro.html">AnaCredit</a><a href="#" class="subpages" title="toggle subpages for AnaCredit"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/anacredit/questions/html/index.ro.html">Întrebări și răspunsuri privind AnaCredit</a></li></ul></li><li class="clearfix"><a href="/stats/ecb_statistics/consultations/html/index.ro.html">Consultări publice</a></li><li class="clearfix"><a href="/stats/ecb_statistics/dialogue/html/index.ro.html">Dialogul cu sectorul bancar privind statisticile SEBC și raportarea integrată</a></li><li class="clearfix"><a href="/stats/ecb_statistics/sdmx/html/index.ro.html">SDMX – modelul de schimb de date statistice</a></li><li class="clearfix"><a href="/stats/ecb_statistics/inexda/html/index.ro.html">INEXDA - rețeaua de date granulare</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/euro/html/index.ro.html">Euro</a><a href="#" class="subpages" title="toggle subpages for Euro"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Euro</div> <p>Tot ce trebuie să știi despre moneda noastră comună</p><a href="/euro/html/index.en.html">Prezentare generală a monedei euro</a><hr> <div class="nav-title">Linkuri rapide</div> <ul> <li><a href="/paym/cashprof/html/index.en.html">Agenți profesioniști care operează cu numerar</a></li> <li><a href="/stats/policy_and_exchange_rates/banknotes+coins/html/index.en.html">Statistici privind bancnotele și monedele</a></li> <li><a href="/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html">Cursurile de schimb ale euro</a></li> </ul> </div><a href="/stats/ecb_surveys/space/html/ecb.space2024~19d46f0f17.en.html" class="item image"> <img src="/euro/shared/img/cover.png" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Studiul privind atitudinile față de plăți ale consumatorilor din zona euro (SPACE) – 2024</div> <div class="image-date">19 decembrie 2024</div></a></div></div><ul><li class="has-subpages"><a href="/euro/digital_euro/html/index.ro.html">Moneda euro digitală</a><a href="#" class="subpages" title="toggle subpages for Moneda euro digitală"></a><ul><li class="has-subpages"><a href="/euro/digital_euro/features/html/index.ro.html">Caracteristici</a><a href="#" class="subpages" title="toggle subpages for Caracteristici"></a><ul><li class="clearfix"><a href="/euro/digital_euro/features/privacy/html/index.ro.html">Digital euro and privacy</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/how-it-works/html/index.ro.html">Cum funcționează?</a></li><li class="clearfix"><a href="/euro/digital_euro/why-we-need-it/html/index.ro.html">De ce este necesară?</a></li><li class="clearfix"><a href="/euro/digital_euro/progress/html/index.ro.html">Calendar și progrese înregistrate</a></li><li class="has-subpages"><a href="/euro/digital_euro/timeline/html/index.ro.html">Informații detaliate</a><a href="#" class="subpages" title="toggle subpages for Informații detaliate"></a><ul><li class="clearfix"><a href="/euro/digital_euro/timeline/stakeholder/html/index.ro.html">Guvernanță și interacțiuni cu părțile interesate</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/profuse/html/index.ro.html">Documente tehnice și studii</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/rulebook/html/index.ro.html">Cadrul de reglementare a regimului monedei</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/faqs/html/index.ro.html">Întrebări frecvente</a></li></ul></li><li class="clearfix"><span>Numerarul</span></li><li class="has-subpages"><a href="/euro/cash_strategy/html/index.ro.html">Strategia Eurosistemului privind numerarul</a><a href="#" class="subpages" title="toggle subpages for Strategia Eurosistemului privind numerarul"></a><ul><li class="clearfix"><a href="/euro/cash_strategy/cash_role/html/index.ro.html">Rolul numerarului</a></li><li class="clearfix"><a href="/euro/cash_strategy/issuance/html/index.ro.html">Emisiune și punere în circulație</a></li><li class="clearfix"><a href="/euro/cash_strategy/acceptance-cash/html/index.ro.html">Accesul la numerar și acceptarea numerarului</a></li><li class="clearfix"><a href="/euro/cash_strategy/faqs/html/index.ro.html">Întrebări frecvente</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/html/index.ro.html">Bancnote</a><a href="#" class="subpages" title="toggle subpages for 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href="/euro/coins/html/index.ro.html">Monede</a><a href="#" class="subpages" title="toggle subpages for Monede"></a><ul><li class="clearfix"><a href="/euro/coins/2euro/html/index.ro.html">2 EUR</a></li><li class="clearfix"><a href="/euro/coins/1euro/html/index.ro.html">1 EUR</a></li><li class="clearfix"><a href="/euro/coins/50cents/html/index.ro.html">50 de cenți</a></li><li class="clearfix"><a href="/euro/coins/20cents/html/index.ro.html">20 de cenți</a></li><li class="clearfix"><a href="/euro/coins/10cents/html/index.ro.html">10 cenți</a></li><li class="clearfix"><a href="/euro/coins/5cents/html/index.ro.html">5 cenți</a></li><li class="clearfix"><a href="/euro/coins/2cents/html/index.ro.html">2 cenți</a></li><li class="clearfix"><a href="/euro/coins/1cent/html/index.ro.html">1 cent</a></li><li class="clearfix"><a href="/euro/coins/common/html/index.ro.html">Fețe comune</a></li><li class="clearfix"><a href="/euro/coins/comm/html/index.ro.html">Monede comemorative de 2 EUR</a></li><li class="clearfix"><a href="/euro/coins/security/html/index.ro.html">Elemente de siguranță</a></li><li class="clearfix"><a href="/euro/coins/collect/html/index.ro.html">Monede de colecție</a></li></ul></li><li class="has-subpages"><a href="/euro/changeover/html/index.ro.html">Aderarea la zona euro</a><a href="#" class="subpages" title="toggle subpages for Aderarea la zona euro"></a><ul><li class="clearfix"><a href="/euro/changeover/croatia/html/index.ro.html">Croația (2023)</a></li><li class="clearfix"><a href="/euro/changeover/lithuania/html/index.ro.html">Lituania (2015)</a></li><li class="clearfix"><a href="/euro/changeover/latvia/html/index.ro.html">Letonia (2014)</a></li><li class="clearfix"><a href="/euro/changeover/estonia/html/index.ro.html">Estonia (2011)</a></li><li class="clearfix"><a href="/euro/changeover/slovakia/html/index.ro.html">Slovacia (2009)</a></li><li class="clearfix"><a href="/euro/changeover/cyprus/html/index.ro.html">Cipru (2008)</a></li><li class="clearfix"><a 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href="/euro/exchange/fi/html/index.ro.html">Finlanda</a></li><li class="clearfix"><a href="/euro/exchange/fr/html/index.ro.html">Franţa</a></li><li class="clearfix"><a href="/euro/exchange/de/html/index.ro.html">Germania</a></li><li class="clearfix"><a href="/euro/exchange/gr/html/index.ro.html">Grecia</a></li><li class="clearfix"><a href="/euro/exchange/ir/html/index.ro.html">Irlanda</a></li><li class="clearfix"><a href="/euro/exchange/it/html/index.ro.html">Italia</a></li><li class="clearfix"><a href="/euro/exchange/lv/html/index.ro.html">Letonia</a></li><li class="clearfix"><a href="/euro/exchange/lt/html/index.ro.html">Lituania</a></li><li class="clearfix"><a href="/euro/exchange/lu/html/index.ro.html">Luxemburg</a></li><li class="clearfix"><a href="/euro/exchange/mt/html/index.ro.html">Malta</a></li><li class="clearfix"><a href="/euro/exchange/nl/html/index.ro.html">Ţările de Jos</a></li><li class="clearfix"><a href="/euro/exchange/pt/html/index.ro.html">Portugalia</a></li><li class="clearfix"><a href="/euro/exchange/slovakia/html/index.ro.html">Slovacia</a></li><li class="clearfix"><a href="/euro/exchange/sl/html/index.ro.html">Slovenia</a></li><li class="clearfix"><a href="/euro/exchange/es/html/index.ro.html">Spania</a></li></ul></li><li class="clearfix"><a href="/euro/visually/html/index.ro.html">Pentru persoanele cu deficiențe de vedere</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/pub/html/index.ro.html">Studii</a><a href="#" class="subpages" title="toggle subpages for Studii"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Studii</div> <p>Studii aprofundate și analize realizate de experți pe diverse teme și în diferite domenii</p><a href="/pub/html/index.en.html">Prezentare generală a studiilor BCE</a> <hr> <div class="nav-title">Linkuri rapide</div> <ul>  <li><a href="/press/conferences/html/index.en.html">Conferințe și 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<input id="sort-by-date" type="radio" name="sortby-radio-container" onclick="ECB.slow.addSearchApi.sortBy('date')" data-field="date" data-order="desc" value="">Dată</label> </div> </div> </div> </div> <div id="addsearch-image-container"><a href="#" class="no-icon" target="_blank"><img src="" id="addsearch-image" /></a></div> </div> </div> </div> </div> <div id="main-wrapper" > <div class="header fast image-attribution -small" data-image-webp="/paym/shared/img/header.webp" data-image="/paym/shared/img/header.jpg"> <div data-image="/paym/shared/img/header.jpg" data-image-webp="/paym/shared/img/header.webp" ></div> </div> <aside aria-label="Social media sharing and related content (if available)"> <div id="ecb-social-sharing" class="" tab-index="2"> <ul class="-links"> <li class="-print"><a href="javascript:window.print()" title="Print page"></a></li> </ul> <div class="-separator"></div> <ul class="-links"> <li class="-twitter"><a href="javascript:window.open('https://twitter.com/intent/tweet?url='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on X"></a></li> <li class="-facebook"><a href="javascript:window.open('https://www.facebook.com/sharer/sharer.php?u='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on Facebook"></a></li> <li class="-linkedin"><a href="javascript:window.open('https://www.linkedin.com/shareArticle?url='+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on LinkedIn"></a></li> <li class="-email"><a href="javascript:window.open('mailto:?subject=I would like to share this link with you&body=Link to the website of the European Central Bank: '+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''))" title="Share by Email"></a></li> </ul> </div> </aside> <main > <div class="toBeUpdated" id="language-not-available">Nu este disponibil în limba română</div> <div class="title"> <h1>Oversight</h1> </div> <div class="section"> <p>The Eurosystem promotes the safety and efficiency of payment, clearing and settlement systems under its oversight mandate.</p><p>These systems play important roles not only in the stability and efficiency of the financial sector and the euro area economy as a whole, but also in the smooth conduct of the single monetary policy of the euro area and in the stability of the single currency.</p><p>The Eurosystem’s oversight mandate also covers electronic payment instruments, schemes and arrangements, as their use requires a high degree of safety and efficiency to maintain confidence in the euro and promote an efficient economy.</p><p></p><ul><li><a href="/pub/pdf/eurosystemoversight/eurosystemoversightreport2020~a1e4fce1d7.en.pdf" data-label="engleză">Eurosystem oversight report 2020</a></li><li><a href="/pub/pdf/other/eurosystemoversightpolicyframework201607.en.pdf" data-label="engleză">Eurosystem oversight policy framework</a></li><li><a href="/pub/pdf/other/CPMI-IOSCO_Principles_for_financial_market_infrastructures.pdf">CPSS-IOSCO Principles for financial market infrastructures (PFMIs)</a></li></ul><p></p><h2>Scope of oversight</h2><p>Eurosystem oversight covers different types of financial market infrastructures and other entities, as well as electronic payment instruments, schemes and arrangements:</p><p></p><ul><li><a href="/paym/pol/systems/html/index.ro.html" data-label="engleză">payment systems</a> (systemically important payment systems and non-systemically important payment systems)</li><li><a href="/paym/pol/instr/html/index.ro.html" data-label="engleză">electronic payment instruments</a>, schemes and arrangements<br></li><li><a href="/paym/pol/target2-securities/html/index.en.html" data-label="engleză">TARGET2-Securities (T2S)  </a><br></li><li><a href="/paym/pol/clearing/html/index.ro.html" data-label="engleză">securities settlement systems</a> and central counterparties<br></li><li><a href="/paym/pol/critical/html/index.ro.html" data-label="engleză">critical service providers</a><br></li><li><a href="/paym/pol/correspondent-and-custodian-banks/html/index.ro.html" data-label="engleză">correspondent and custodian banks </a></li></ul> <h2>Conducting oversight</h2> <p>The Eurosystem has set out its oversight objectives for safety and efficiency in specific oversight regulations, principles, guidelines and recommendations which are relevant for the overseen infrastructures and entities, as well as for electronic payment instruments, schemes and arrangements.</p> <p>In conducting its oversight tasks, the Eurosystem follows a three-step process:</p> <ul> <li>collecting relevant information</li> <li>assessing the information against the oversight objectives</li> <li>inducing change where necessary</li> </ul> <ul> </ul> <h2>Roles within the Eurosystem</h2> <p>Oversight responsibilities are assigned to the Eurosystem, which comprises the ECB and the national central banks (NCBs) of the euro area.</p> <p>To achieve effective and efficient oversight, the Eurosystem shares these responsibilities in a way that enables it to benefit from its decentralised structure while ensuring that its oversight activities are coordinated and its policy stance consistently applied throughout the euro area.</p> <p>To conduct oversight of individual financial market infrastructures, the Eurosystem assigns primary oversight responsibility to the central bank that is best placed to undertake this role, either because of its proximity to the overseen entity (for example, where the system is legally incorporated in its jurisdiction), or because of national laws that attribute specific oversight responsibilities to the central bank concerned. The latter is typically the case for systems, schemes or arrangements with a clear national anchor – those that are legally incorporated in a jurisdiction or serve that particular national market.</p> <p>For systems that have no national anchor, the NCB of the country where the system is legally incorporated is responsible for oversight, unless the Governing Council of the ECB decides otherwise and assigns the primary oversight responsibilities to the ECB, as is the case for certain systemically important payment systems. If the oversight activities have been carried out by an NCB, the ECB will conduct oversight jointly with that NCB.</p> <p>For payment schemes and arrangements that have no national anchor – for example, where the scheme or arrangement provides pan-European services or is incorporated outside the euro area – the lead overseer is the ECB. In cases where the pan-European scheme/arrangement has a traditional oversight or supervisory relationship with an NCB going back at least three years, the ECB jointly conducts oversight with that NCB.</p><h2>Objectives</h2><p>The Eurosystem has translated its oversight objectives of safety and efficiency into specific oversight regulations, standards, guidelines and recommendations, as appropriate for different financial market infrastructures (FMIs).<br></p><h2>Standards</h2><p>Oversight standards provide the benchmark for the Eurosystem to monitor and assess the safety and efficiency of relevant FMIs on an ongoing basis, and to induce change where shortcomings are identified.</p><p>Eurosystem oversight of FMIs is based on the internationally accepted <a href="https://ecb-staging.ecb.de/pub/pdf/other/CPMI-IOSCO_Principles_for_financial_market_infrastructures.pdf?06165811dc5817f33cc7420227628e43">CPSS-IOSCO Principles for financial market infrastructures (PFMIs)</a>, which were adopted by the ECB’s Governing Council in June 2013 as the standards for Eurosystem oversight of all types of FMIs in the euro area under the Eurosystem’s responsibility.</p><p>The PFMIs were translated into various legal acts in the EU, including the <a href="http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32012R0648">European Market Infrastructure Regulation (EMIR)</a>, the <a href="http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1410876555408&uri=CELEX:32014R0909">Central Securities Depositories Regulation (CSDR)</a> and, for the euro area, the <a href="http://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1515150687243&uri=CELEX:32017R2094">ECB amending Regulation on oversight requirements for systemically important payment systems (ECB/2017/32)</a> ( <a href="http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014R0795">SIPS Regulation</a>).</p><p>In relation to the SIPS Regulation, there are three supporting legal, namely, the <em>ECB Regulation on the power of the European Central Bank to impose sanctions</em>, the <em>ECB Decision on procedural aspects concerning the imposition of corrective measures for non-compliance with Regulation (EU) No 795/2014</em> and the <em>ECB Decision on the methodology for calculating sanctions for infringements of the oversight requirements for SIPS</em>.</p> </div> <div class="in-this-section" id="pages-in-section-holder"> <h3>Toate paginile din această secțiune</h3> <div class="content-box"> </div> </div> </main> </div> <div id="feedback" class="hidden"> <div class="content-box"> <div class="initial"> <div class="title">Ești mulțumit(ă) de această pagină?</div><a class="button -inverted-color" id="feedback-yes">Da</a> <a class="button -inverted-color" id="feedback-no">Nu</a></div> <div class="second hidden"> <div class="title">Ce anume te-a nemulțumit?</div><a class="button -inverted-color" id="feedback-broken">Pagina nu funcționează</a> <a class="button -inverted-color" id="feedback-content">Informațiile 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