The ECB delegates to its executives the power to sign agreements with TARGET payment system clients
02 Jul 2026Effective: 23 Jun 202669 views
Who is affected:
Entities participating in TARGET-ECB: central banks and large European credit institutions
Summary
The European Central Bank internally delegates the signing of contracts with TARGET-ECB payment system clients. Internal organizational measure with no direct impact on companies or citizens.
Detailed analysis
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The ECB approves an internal decision delegating to certain executive positions the competence to adopt decisions on contractual agreements with TARGET-ECB participants, the Eurosystem's real-time gross settlement system. This delegation seeks to streamline the operational and administrative management of the payment s…
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OJ:L_202601538: Decisión (UE) 2026/1538 del Banco Central Europeo, de 23 de junio de 2026, por la que se delegan las facultades para adoptar decisiones respecto de los acuerdos con los clientes de TARGET-ECB (BCE/2026/13)
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