Stanislas Jourdan

Dear European Central Bank,

Under the ECB rules on public access to European Central Bank documents, I hereby request access to documents which contain the following information:

• List of securities currently being held by the Eurosystem under the ABSPP, including the name of the purchasing national central bank, ISIN number, issuer name, maturity and coupon rate;

• List of securities currently being held by the Eurosystem under the CBPP3, including the name of the purchasing national central bank, ISIN number, issuer name, maturity and coupon rate;

I am aware that the ECB has previously declined a similar request (LS/PvdH/15/04). However in the meantime, the ECB has decided in June 2016 to release the Historical lists of securities held under the CSPP. Since June 26th 2016, this data is being provided on a weekly basis in a CSV file publicly available on the ECB’s website – a best practice so far.

Hence, this request invites the ECB to extend the transparency standard of CSPP to ABSPP and CBPP3 too.

Yours faithfully,
Stanislas Jourdan
Head of Positive Money Europe

Access to documents,

Dear Mr Jourdan,

The ECB confirms receipt on 9 July 2018 of your application for access to ECB documents on the above-mentioned subject as outlined in your below email.

Please note that we will process your request in line with Decision ECB/2004/3 (the unofficial consolidated version of this ECB Decision is available at [1]http://www.ecb.europa.eu/ecb/legal/pdf/0... ). Pursuant to Art. 7.1 of this Decision, your application shall be handled within 20 working days (excluding ECB holidays) from the date of its receipt.

We may revert to you should our assessment require a more precise scope and timeframe, in which case we would ask you to further specify.

Yours sincerely,

Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[email address]
[email address]

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Access to documents,

Dear Mr Jourdan,

We should like to inform you that due to increased workload, we have to invoke Article 7.3 of Decision ECB/2004/3 on public access to ECB documents and extend the time limit provided to reply to your request by an additional 20 working days, starting from today.

Please rest assured, however, that we are currently assessing your request and will do our best to respond to you within the new deadline.

Yours sincerely,

Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[email address]
[email address]

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Stanislas Jourdan

Dear European Central Bank,

Thank your for letting me know. I look forward to receiving your response within a week.

Yours sincerely,

Stanislas Jourdan

Access to documents,

1 Attachment

  • Attachment

    LS PT 2018 59 Reply to Mr S.Jourdan request for access to ECB documents.pdf

    285K Download View as HTML

Dear Mr Jourdan,

Please find enclosed the ECB's reply to your request dated 6 July 2018 for access to ECB documents on the above-mentioned subject.

Yours sincerely,

Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[email address]
[email address]

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Dear European Central Bank,

Please pass this on to the person who reviews confirmatory applications.

I am filing the following confirmatory application with regards to my access to documents request 'Lists of securities held under CBPP3 and ABSPP'.

I am dissatisfied withe the ECB's refusal (LS/PvdH/15/04) to provide access to the requested documents for the following reason.

1. The European Central Bank already discloses the requested data (ISIN number, issuer name, maturity and coupon rate) in the context of the CSPP, in spite of the theoretical risk of market distortion which the ECB mentioned in the refusal. It therefore seems incoherent that a similar disclosure policy is not equally implemented over the all the ongoing purchasing programmes of bonds issued by the private sector such as ABSPP and CBPP3.

2. In its response, the European Central Bank does not explain why the requested information is currently being disclosed for CSPP but shall not be for ABSPP and CBPP3. The ECB shall demonstrate that such differentiated treatment is justified.

3. The ECB also fails at providing evidence-based information showing that market distortion would effectively appear were such data be publicly available, especially since such disclosure is already in place under CSPP.

I am therefore asking the ECB to review its response.

A full history of my request and all correspondence is available on the Internet at this address: https://www.asktheeu.org/en/request/list...

Yours faithfully,

Stanislas Jourdan

Access to documents,

Dear Mr Jourdan,
 
The ECB confirms receipt on 4 September 2018 of your confirmatory
application dated 3 September 2018 for access to ECB documents as
specified in the below email.
 
Your request has been registered and a response will be provided to you
within the time limit foreseen in line with Article 8.1 of Decision
ECB/2004/3 (the unofficial consolidated version of which is available at
[1]https://www.ecb.europa.eu/ecb/legal/pdf/...).
 
Yours sincerely,
 
Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[2][email address
[3][email address]
 

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Dear ECB,

It has been already 20 days since you have confirmed reception of my request for internal review.

Please could you let me know the situation with my request.

Yours sincerely,

Stanislas Jourdan

Access to documents,

Dear Mr Jourdan,

We regret to inform you that due to exceptional workload, we have to invoke Article 8.2 of Decision ECB/2004/3 on public access to ECB documents and extend the time limit provided to reply to your request by an additional 20 working days (excluding ECB holidays).

Please rest assured that we are giving careful consideration to your confirmatory application and will endeavour to reply within the new time limit.

Yours sincerely,

Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[email address]
[email address]

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Access to documents,

1 Attachment

  • Attachment

    2018 10 31 LS MD 18 347 Reply to Mr S.Jourdan Positive money Europe confirmatory application for access to ECB docum.pdf

    246K Download View as HTML

Dear Mr Jourdan,

Please find attached the ECB's reply to your confirmatory application dated 3 September 2018 for access to ECB documents on the above-mentioned subject.

Yours sincerely,

Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[email address]
[email address]

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