The Legal Department exercises, for the Bank of Greece, functions within the scope of the Code for the Legal Profession (Law 4194) and handles the administrative work involved.
It monitors all legal issues arising from the Bank’s activities in its capacity as Greece’s central bank, as a legal entity vested with public authority and as a societé anonyme.
- to monitor and provide legal expert advice on issues concerning:
- the Bank’s participation in the ESCB and its relations with the ECB;
- the exercise of the Bank’s supervisory and audit function;
- the oversight and operation of payment systems and instruments and securities clearing and settlement systems;
- the management of foreign exchange reserves and the conduct of foreign exchange operations;
- the Bank’s relations with counterparties, including the Greek State, also ensuring that their representatives are duly authorised;
- the management of the Bank’s property; and
- the Bank’s relations with its staff.
With respect to the above, the Legal Department
- issues opinions;;
- reviews draft contractual agreements;
- represents the interests of the Bank in legal proceedings; and
- monitors developments in legislation and jurisprudence.
The Legal Department comprises the following sections:
- Administrative Support and Secretariat Section
- Private Insurance Supervision Issues Section
- Banking Supervision Issues Section
- Personnel and Social Security Issues Section
- Financial & ESCB-Related Issues Section
- Verification of Legal Documents Section
- Transactions and Bank Property Issues Section