Germany
Competition
Banking & Finance
March 2008
Vol. 1, No. 3, Spring 2008
Phoebus Athanassiou
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Academic qualifications: LLB in English and European (French) Law (London, 1998); LLM (London, 1999)Professional Qualifications: Attorney at Law (Athens Bar Association, 2003)Current Employer (2004 to date): Directorate General Legal Services, Legal Advice Division, European Central Bank Selected recent Publications:1.“Towards pan-European Hedge Fund Regulation? State of the Debate” (forthcoming in Legal Issues of Economic Integration)2.“When is e-money not e-money? Reflections on the revision of the E-money Directive’ (forthcoming in the Revue Européenne de Droit Bancaire et Financier/ European Banking and Financial Law Journal)3.“Reflections on the status of independent national authorities under Community public procurement law” Public Procurement Law Review 2007, 5, 305-324 (co-authored with Jorge García Andrade)4.“Orams v Apostolides: a case-study on the application of the Brussels I Regulation in the light of the Act of Accession 2003” Maastricht Journal of European and Comparative Law 14, 2007:2, 1195.“Towards a Single Market in Retail Financial Services: Reflections on the Role of ADR” in Legal Issues of Economic Integration, Vol 33, 2006, No 3, 229 (co-authored with S. Mavrommati)6.“Recent Developments in Greek Capital Markets Law”, in (2005), 16 European Business Law Review, 893
European Central Bank
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Description of the ECB’s activities - According to Article 105(1) of the Treaty EC, the primary objective of the European System of Central Banks (the ESCB) is to maintain price stability. Without prejudice hereto, the ESCB shall support the general economic policies in the Community with a view to contributing to the achievement of the objectives of the Community. Moreover, the ESCB shall act in accordance with the principle of an open market economy with free competition, favouring an efficient allocation of resources. Article 105(2) of the Treaty EC lays down that the basic tasks to be carried out through the ESCB shall be to (i) define and implement the monetary policy of the Community, (ii) to conduct foreign-exchange operations consistent with the provisions of Article 111, (iii) hold and manage the official foreign reserves of the Member States, and (iv) promote the smooth operation of payment systems.
Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast), (OJ L 177, 30.6.2006, p. 1
Germany
Competition
Banking & Finance
March 2008
Vol. 1, No. 3, Spring 2008