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to promote the smooth operation of payment systems .

for smooth functioning of euro area

to promote the smooth operation of payment systems.

t o promote the smooth operation of payment systems .

the promotion of the smooth operation of payment systems .

to promote the smooth operation of payment systems .

to promote the smooth operation of payment systems .

the promotion of efficient cross border payments

to promote the smooth operation of payment systems .

to promote the smooth operation of payment systems .

to promote the smooth operation of payment systems .

to promote the smooth operation of payment systems .

and the promotion of the smooth operation of payment systems .

and to promote the smooth operation of payment systems .

prepare 1 .

Promote smooth operation of payment systems

Economic reforms are key to smooth functioning of euro area

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The ECB performs an overall coordination role , ensuring the smooth functioning of the framework .

The ECB performs an overall coordination role , ensuring the smooth functioning of the framework .

A four th main task of the Eurosystem is to promote the smooth operation of payment systems .

An important aspect of the single market is the removal of any unjustifiable obstacles to the smooth functioning of the internal market .

As a consequence of the smooth functioning of the minimum reserve system , no changes were made to its main features .

Such policies also contribute to the smooth functioning of adjustment mechanisms in EMU .

EU institutional setting for financial regulation and supervision EU securities clearing and settlement infrastructure To ensure the smooth functioning of the Lamfalussy framework .

facilitate the use of the ECU and oversee its development , including the smooth functioning of the ECU clearing system .

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The Authority shall fulfil a general coordination role between competent authorities , including where adverse developments could potentially jeopardise the orderly functioning and integrity of financial markets or the stability of the financial system in the Community .

But, as is acknowledged in the ECB s statute, it also means ensuring the smooth operation of payment systems.

facilitate the use of the ECU and oversee its dcvelopment , including the smooth functioning of the ECU clearing system .

Indeed , their inappropriate functioning might jeopardise the smooth execution of monetary policy and the smooth functioning of payment systems .

EN safeguarding the stability of the financial system , and ( v ) strengthening international supervisory coordination .

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Article 105 ( 2 ) of the Treaty gives the ESCB a mandate to promote the smooth operation of payment systems .

Increasing economic integration

It has implications for the Eurosystem 's task of preserving financial stability and is also important for the effective operation and smooth functioning of payment and settlement systems .

The Eurosystem has a general interest in the correct functioning of securities clearing and settlement systems .

The Eurosystem has a general interest in the smooth functioning of securities settlement systems ( SSSs ) .

The current initiative will ensure sound investor protection and the properly functioning of financial markets .

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3 . The Council , the Commission or a Member State may request the Court of Justice to give a ruling on a question of interpretation of this title or of acts of the institutions of the Community based on this title .