Download or read book Institutional Aspects of the European System of Central Banks written by Atilla Arda and published by . This book was released on 2011 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contribution is a commentary on Article 107 European Community Treaty (TEC). This provision concerns certain institutional aspects of the European System of Central Bank (ESCB) and the EU Council's powers to set out the limits and conditions regarding a variety of activities of the European Central Bank (ECB). The commentary discusses the composition of the ESCB and the legal personality of the ECB and the lack thereof in case of the ESCB. The commentary continues with an assessment of the various amendment procedures concerning the ESCB Statute, and the EU Council's legislative powers.