ECB Press Release
At its meeting on 18 April 2002, the Governing Council of the ECB approved a new Regulation on the application of minimum reserves, which amends the Regulation of 1 December 1998 (ECB/1998/15).
The main aim of the new Regulation is to clarify a number of issues with regard to minimum reserves. According to the new Regulation, electronic money institutions will be subject to minimum reserve requirements. The Regulation
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