The special majority requirement on some key policy issues, such as quota increase and revision of Articles of Agreements may be reduced from 85 percent to three fourths (75 percent) or two thirds (66 percent), thus no one single country being able to veto the related decisions. Last but not least, it is also imperative to reform the management structure of the Fund.
The participation of the governors of all EU central banks in the General Board of the ESRB, as well as the attribution of the Chair to the ECB’s President, shows that the importance of this role has been recognised. The ECB has also been requested to provide the Secretariat and the necessary analytical, statistical, logistical and administrative support.