The ECB has several reasons for maintaining close contacts with market participants:
- Facilitating an active dialogue between the ECB and different market participants on various topics of common interest,
- Providing fora to discuss structural market developments,
- Having recourse to a valuable platform to monitor and exchange views on market functioning.
Each ECB contact group has its own topical focus. However, to some extent there is also interaction among them.
Market Operations issues
are covered by
Bond Market Contact Group (BMCG),
Money Market Contact Group (MMCG),
Foreign Exchange Contact Group (FXCG),
Operations Managers Contact Group (OMCG).
Payments & Securities issues
are covered by
Contact Group on Euro Payments Strategy (COGEPS) ,
Contact Group on Euro Securities Infrastructures (COGESI).
Some ECB contact groups participate also in regular exchanges of information with similar groups in other financial centres such as Australia, Canada, Hong Kong, London, New York, Tokio and Singapore.
