ECB Corporate QE
Dear European Central Bank,
Under the right of access to documents in the EU treaties, as developed in Regulation 1049/2001, I am requesting documents which contain the following information:
What per centage of the Covered Bonds bought by ECB in 2014 and 2015 have been issued by Banks whose headquarters are in Germany?
Yours faithfully,
Ranjan Kumaran
Dear European Central Bank,
Please acknowledge receipt of this Freedom of Information request.
Yours faithfully,
Ranjan Kumaran
Dear Mr Kumaran,
Please find attached to this e-mail our official reply of 6 November 2015
which was unfortunately sent to the incorrect address.
Yours sincerely,
Angelika Jakob
Outreach Division – Public Enquiries
Directorate General Communications
EUROPEAN CENTRAL BANK
Tel: +49 69 1344 1300
E-mail: [1][email address]
[2]http://www.ecb.europa.eu
[3]http://www.youtube.com/ecbeuro
[4]http://twitter.com/ecb
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Dear Mr Kumaran,
Please find attached to this e-mail our official reply of 6 November 2015
which was unfortunately sent to the incorrect address.
Yours sincerely,
Angelika Jakob
Outreach Division – Public Enquiries
Directorate General Communications
EUROPEAN CENTRAL BANK
Tel: +49 69 1344 1300
E-mail: [1][email address]
[2]http://www.ecb.europa.eu
[3]http://www.youtube.com/ecbeuro
[4]http://twitter.com/ecb
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Dear ECB Information,
Thanks for the swift reply.
In December 2014 I asked the ECB to individually name which Covered Bonds it has been purchasing — but it refused.
On November 6th 2015 my present request was refused on the grounds that it had already been fully explained in January 2015.
In fact I was not asking the same question.
The reasons the ECB put forward in January 2015 do not relate to the current request which is simply for the quantity of Covered Bonds the ECB has purchased that were originally issued in Germany.
Please respond.
Kind Regards,
Ranjan Kumaran
Dear Sir or Madam,
This is to acknowledge receipt of your e-mail. We will look into the matter raised and respond as appropriate.
Yours faithfully,
Directorate General Communications
EUROPEAN CENTRAL BANK
Tel: +49 69 1344 1300
E-mail: [email address]
http://www.ecb.europa.eu
https://www.bankingsupervision.europa.eu
http://www.youtube.com/ecbeuro
https://twitter.com/ecb
Dear Mr Kumaran,
Further to your e-mail of 10 November 2015, we would like to clarify – as
communicated in the ECB’s response of 30 January 2015 to your public
access request (including your request for “a country by country
breakdown”) – that a disclosure of the country breakdown of the purchase
volume conducted under the CBPP3 is not foreseen, as it would disclose
confidential features governing the implementation of the purchase
programme and, therefore, challenge its efficiency and flexibility.
Yours sincerely,
Valérie Saintot
Deputy Head of Division
Outreach
Directorate General Communications
EUROPEAN CENTRAL BANK
Tel: +49 69 1344 7455
E-mail: [email address]
http://www.youtube.com/ecbeuro
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Dear Valerie Saintot,
Thank you for your prompt response to my enquiry.
The ECB's reason for hiding its German and Irish Covered Bond holdings is a poor excuse for a cover-up.
Will the ECB ever tell the whole truth about which banks and EU countries it gives preferential treatment while imposing austerity on others?
If so, then when?
Your Sincerely,
Ranjan Kumaran
Dear Sir or Madam,
This is to acknowledge receipt of your e-mail. We will look into the matter raised and respond as appropriate.
Yours faithfully,
Directorate General Communications
EUROPEAN CENTRAL BANK
Tel: +49 69 1344 1300
E-mail: [email address]
http://www.ecb.europa.eu
https://www.bankingsupervision.europa.eu
http://www.youtube.com/ecbeuro
https://twitter.com/ecb
Dear Mr Kumaran,
Thank you for your message of 16 November 2015.
At this stage, we can only point you to our earlier replies concerning the
information published by the ECB on its covered bond purchase programme 3
which outlines the objectives of the programme and from which it can be
understood that purchases are performed across all jurisdictions with
active markets in eligible covered bonds.
Yours sincerely,
Valérie Saintot
Head of Division
Outreach Division
Directorate General Communications
EUROPEAN CENTRAL BANK
Tel: +49 69 1344 1300
E-mail: [1][email address]
[3]http://www.youtube.com/ecbeuro
============================================================================================
Dear Valerie Saintot,
Thank you for your prompt response to my enquiry.
The ECB's reason for hiding its German and Irish Covered Bond holdings is
a poor excuse for a cover-up.
Will the ECB ever tell the whole truth about which banks and EU countries
it gives preferential treatment while imposing austerity on others?
If so, then when?
Your Sincerely,
Ranjan Kumaran