Board of Directors of the European Stability Mechanism

E438683

The Board of Directors of the European Stability Mechanism is the body responsible for the institution’s day-to-day operational decisions and implementation of its financial assistance instruments under the strategic direction of the Board of Governors.

All labels observed (2)

How this entity was disambiguated

Statements (43)

Predicate Object
instanceOf decision-making body ⓘ
governing body ⓘ
belongsToJurisdiction European Stability Mechanism Treaty framework ⓘ
canTakeDecisionsBy mutual agreement where required by the ESM Treaty ⓘ
written procedure ⓘ
chairedBy Managing Director of the European Stability Mechanism ⓘ
composedOf one Director from each ESM Member ⓘ
decisionMakingRule usually by qualified majority unless otherwise specified in the ESM Treaty ⓘ
followsStrategicGuidanceFrom Board of Governors of the European Stability Mechanism NERFINISHED ⓘ
formedBy representatives of the euro area Member States that are ESM Members ⓘ
hasAbbreviation ESM Board of Directors NERFINISHED ⓘ
hasLegalBasisIn Treaty Establishing the European Stability Mechanism NERFINISHED ⓘ
hasNumberOfMembers 19 ⓘ
hasPowerTo adopt detailed operational policies and guidelines ⓘ
approve disbursement tranches under assistance programmes ⓘ
approve individual financial assistance agreements ⓘ
hasRole day-to-day operational decision-making ⓘ
implementation of financial assistance instruments ⓘ
includes Directors appointed by each ESM Member ⓘ
alternate Directors appointed by each ESM Member ⓘ
languageOfWork English ⓘ
locatedIn Luxembourg NERFINISHED ⓘ
meetsAt Luxembourg NERFINISHED ⓘ
other locations as decided by the Board ⓘ
operatesUnderStrategicDirectionOf Board of Governors of the European Stability Mechanism NERFINISHED ⓘ
oversees investment policy implementation of paid-in capital ⓘ
operational management of ESM resources ⓘ
risk management implementation within the ESM ⓘ
parentOrganization European Stability Mechanism NERFINISHED ⓘ
partOf European Stability Mechanism NERFINISHED ⓘ
reportsTo Board of Governors of the European Stability Mechanism NERFINISHED ⓘ
responsibleFor adopting detailed guidelines for ESM operations ⓘ
approving disbursements under ESM financial assistance ⓘ
approving financial assistance operations within the ESM framework ⓘ
ensuring proper implementation of ESM financial assistance instruments ⓘ
implementing decisions of the Board of Governors ⓘ
sector European economic and financial stability ⓘ
usesInstrument direct bank recapitalisation instrument (when applicable) ⓘ
loans for bank recapitalisation via ESM Members ⓘ
loans to ESM Members ⓘ
precautionary financial assistance instruments ⓘ
primary market purchases of sovereign bonds ⓘ
secondary market purchases of sovereign bonds ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Board of Governors → supervises → Board of Directors of the European Stability Mechanism ⓘ
subject surface form: Board of Governors of the European Stability Mechanism
Klaus Regling → boardMemberOf → Board of Directors of the European Stability Mechanism ⓘ
this entity surface form: European Stability Mechanism Board of Directors