An undue transfer of competences to a central bank of tasks that belong to governments could indeed be seen as circumventing the monetary financing prohibition or threatening its financial or resource independence. NCB consent and the funding of such new activities would therefore need to be scrutinised.
The case law of our adopted opinions over recent years in many countries covers topics as diverse as buying paintings, financing culture, education or investments and the financing of resolution funds. We also gave opinions on establishing a central register of bank account numbers; exercising asset management functions; insurance premiums; protection of competition in the mortgage loan market, to name but a few.