That contribution can be exercised through its monetary policy task or its supervisory task, both of which embed financial stability as a contribution to competent authorities. What is the scope of the ECB’s contributory role? The concept of a “contribution” appears not just in Article 127 of the TFEU.
It is also used by the Treaties to describe the allocation of powers and to demarcate competences between the Member States and the EU in a variety of fields. For example, Article 170(1) of the TFEU provides that “the Union shall contribute to the establishment and development of trans-European networks in the areas of transport, telecommunications and energy infrastructures”.