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Legal Update

Summary of Government Interventions in Financial Markets - European Central Bank (and the Eurosystem)

September 2009
Mayer Brown Legal Update
The co-ordinated efforts of the European Central Bank (the “ECB”) and the various national central banks (“NCBs”) of the member states of the European Union that have adopted the Euro (together with the ECB, the “Eurosystem”) have been instrumental in providing liquidity to qualifying financial institutions (i.e., generally any institution that is subject to the Eurosystem’s minimum reserve system and is considered to be financially sound) during the economic downturn.
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