EVROPSKI REVIZORSKI SUD I EVROPSKA CENTRALNA BANKA U SVETLU ZAKLjUČENOG MEMORANDUMA O RAZUMEVANjU IZMEĐU OVE DVE INSTITUCIJE

Abstract

The paper presents the relationship between two very important EU institutions - the European Court of Auditors and the European Central Bank. There was some tension between ECA and ECB due to the request of the European Court of Auditors for the European Central Bank to provide it with relevant documents and information. The reason for this that ECA could carry out a detailed audit in connection with the supervisory tasks performed by the ECB over banks in the EU (on the basis of the Regulation on the Single Supervisory Mechanism - Regulation 1024/2013). Although the European Central Bank has its own budget, the European Court of Auditors bases its right to examine the operational efficiency of the management of the ECB on Art. 20 (7) of Regulation 1024/2013 and Art. 27 (2) of the Protocol on the Statute of the European System of Central Banks and the European Central Bank. The solution was found in the conclusion of the Memorandum of Understanding between these two institutions.