The Board of Directors of Banco de Portugal approved on 10 July 2013 the delegation of powers below, as published in the Official Gazette (Decision No 1515/2013) of 30 July 2013:

Departments under the responsibility of each Member of the Board of Directors

Governor Carlos da Silva Costa

• Office of the Governor;
• Secretariat to the Board;
• Audit Department;
• International Relations Department;
• Risk Management Department.

Vice-Governor Pedro Duarte Neves

• Banking Prudential Supervision Department;
• Economics and Research Department.

Vice-Governor José Berberan Ramalho

• Accounting Department;
• Markets and Reserve Management Department;
• Financial Stability Department.

Member of the Board José Silveira Godinho

• Payment Systems Department;
• Administrative Services Department;
• Legal Services Department;
• Legal Enforcement Department;
• Issue and Treasury Department.

Member of the Board João Amaral Tomaz

• Banking Conduct Supervision Department;
• Human Resources Department;~
• Organisation and Information Technology Department;
• Statistics Department.

Decision no 1515/2013 also establishes: the system governing the replacement of the Members of the Board of Directors; the general delegation of powers in the different areas of responsibility; the delegation of powers relating to the different Departments; and the delegation of powers regarding the procurement of goods and services.

Lisbon, 5 August 2013