The Banco de Portugal, as central bank and financial supervisor, processes personal data for the purpose of carrying out its tasks, particularly under the Treaty on European Union, the Treaty on the Functioning of the European Union, the Statute of the European System of Central Banks (ESCB), the decisions and guidelines of the European Central Bank (ECB) in the context of the Single Supervisory Mechanism and the Single Resolution Mechanism, the Portuguese Legal Framework of Credit Institutions and Financial Companies (RGICSF) and the Statute of the Banco de Portugal.
These tasks include:
- defining and implementing the monetary policy of the euro, with the primary objective of maintaining price stability;
- managing assets and reserves;
- tasks in prudential supervision, banking conduct supervision and supervision for the purpose of preventing money laundering and terrorist financing and for preventing and repressing illicit financial activity;
- conducting administrative sanctioning proceedings;
- applying enforcement measures other than sanctions;
- ensuring the orderly resolution of failed banks, to guarantee the stability of the financial system;
- defining and implementing macroprudential policy;
- regulating, overseeing and promoting the smooth operation of payment systems;
- regulating the operation of the foreign exchange market and overseeing foreign currency trading and foreign exchange transactions;
- issuing coins and banknotes and putting them into circulation;
- collecting and compiling monetary, financial, foreign exchange and balance of payments statistics;
- producing research and analyses of the Portuguese economy, the euro area economy and its international environment, and of financial markets and systems;
- cooperating with international bodies;
- acting as intermediary in the international monetary relations of the State and advising the Government in the economic and financial fields;
- promoting financial literacy and training for bank customers.