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Institutions Involved in Government Debt Management, Issuance and Market Supervision

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Institutions Involved in Government Debt Management, Issuance and Market Supervision Table T.VII.A: Institutions Institutions involved in government debt management, issuance and market supervision Government debt management Issuance of government securities Market supervision EURO AREA Austria Austrian Treasury Austrian Treasury Financial Market Authority (FMA) Public Debt Management Office Public Debt Management Office (Ministry Central Bank of Cyprus, Cyprus Securities & Exchange Cyprus (Ministry of Finance) of Finance) Commission Estonia Ministry of Finance of Estonia Ministry of Finance of Estonia Financial Supervision Authority of Estonia State Treasury, Finance division State Treasury, Finance division Finnish Financial Supervision Authority (FIN- FSA or Finland FIVA) France Agence France Trésor Agence France Trésor Autorité des Marchés Financiers (AMF) MoF, German Finance Agency, MoF, German Finance Agency, Deutsche Federal Financial Supervisory Authority (BaFin) Germany Deutsche Bundesbank Bundesbank National Treasury Management Ireland acting through the National Central Bank of Ireland / Euronext Dublin Ireland Agency Treasury Management Agency Ministry of Economy and Finance - Ministry of Economy and Finance - Bank of Italy (on stability) and Consob - Commissione Italy Department of Treasury (Public Debt Department of Treasury (decision); Bank Nazionale per le Società e la Borsa (on transparency, Directorate) of Italy (auctions execution) offering and distribution) The Treasury of the Republic of Latvia The Treasury of the Republic of Latvia on Financial and Capital Market Commission (FCMC) Latvia behalf of the Minister of Finance State Treasury Department (Ministry of Ministry of Finance Bank of Lithuania Lithuania Finance) Luxembourg State Treasury/Ministry of Finance State Treasury CSSF/Luxembourg Central Bank Debt Management Directorate, The The Treasury (Ministry for Finance) Malta Stock Exchange (MSE), Malta Financial Services Malta Treasury (Ministry for Finance) Authority (MFSA) Netherlands Dutch State Treasury Agency Dutch State Treasury Agency Financial Markets Authority Portuguese Treasury and Debt Portuguese Treasury and Debt Portuguese Central Bank (only T-bills), Portuguese Portugal Management Agency (IGCP) Management Agency (IGCP) Securities Market Commission (T- bills and T-bonds) Debt and Liquidity Management Debt and Liquidity Management Agency National Bank of Slovakia Slovakia Agency (ARDAL) (ARDAL) Ministry of Finance of Slovenia Ministry of Finance of Slovenia Agencija za trg vrednostnih papirjev (Securities Market Slovenia Agency) General Secretariat of the Treasury and General Secretariat of the Treasury and CNMV Spain International Finance (Ministry of International Finance (Ministry of Economy and Business) Economy and Business), Bank of Spain ESM / EFSF ESM/EFSF ESM/EFSF CSSF NON-EURO AREA Government Debt Directorate, Ministry Ministry of Finance - Government Debt Ministry of Finance and the Bulgarian National Bank, Bulgaria of Finance Directorate (decision); Bulgarian National Financial Supervision Commission Bank (auction execution) Ministry of Finace Ministry of Finance Croatian Financial Services Supervisory Agency Croatia (HANFA) Debt and Financial Assets Management Debt and Financial Assets Management Czech National Bank Czech Republic Department of the Ministry of Finance Department of the Ministry of Finance Government Debt Management at Government Debt Management at The Danish Securities Council, the Danish Financial Denmark Danmarks Nationalbank and Danish Danmarks Nationalbank Supervisory Authority, and Copenhagen Stock Ministry of Finance Exchange Government Debt Management Agency Government Debt Management Agency National Bank of Hungary (MNB) Hungary Pte. Ltd. (ÁKK) Pte. Ltd. (ÁKK) Public Debt Department; Ministry of Public Debt Department; Ministry of Ministry of Finance (Treasury BondSpot Poland); Poland Finance Finance Polish Financial Supervisory Authority Ministry of Public Finance Ministry of Public Finance -Department of Ministry of Public Finance and National Bank of Treasury (decision) Romania Romania National Bank of Romania (auctions execution) The Swedish National Debt Office The Swedish National Debt Office The Swedish Financial Supervisory Authority Sweden (SNDO) (SNDO) (Finansinspektionen) UK Debt Management Office (UK UK Debt Management Office (UKDMO), Financial Conduct Authority (FCA) and Prudential United Kingdom* DMO), Bank of England Bank of England Regulation Authority (PRA) Source: Responses from members of the EFC Sub-Committee on EU Government Bonds and Bills Markets (2019) Remarks United Kingdom* The UK Debt Management Office implements government debt management on behalf of HM Treasury while the Bank of England acts as HM Treasury's agent in issuing and managing any foreign currency liabilities associated with the UK's official reserves..
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