EUROSYSTEM
PROCUREMENT COORDINATION
OFFICE (EPCO)

The Eurosystem Procurement coordination Office (EPCO) is the function established by the Governing Council of the European Central Bank to coordinate joint procurement activities for the benefit of the central banks of the Eurosystem/European System of Central Banks (ESCB).

Following the appointment by the Governing Council of the European Central Bank, the Banque centrale du Luxembourg (BCL) is acting as the host central bank of EPCO since 2008.

The ongoing five-year mandate period of BCL runs until December 2024.

EPCO reports to the ECB Governing Council, via the Eurosystem EPCO Steering Committee (ESC) and the ECB Executive Board.

24 Eurosystem

/ ESCB members

10-15%

of estimated benefits /
cost avoidance

10 Lead

Central Banks

More than
100 projects/year

ABOUT EPCO

Mission & Scope

  • The Governing Council of the European Central Bank (ECB) considers joint procurement of goods and services as an instrument to comply with the principles of cost-efficiency and effectiveness and to achieve best value for money.
  • The Governing Council considers joint procurement of goods and services to be an instrument to achieve these objectives by exploiting synergies and economies of scale.
  • For this reason, with the establishment in 2008 of a framework for joint Eurosystem procurement and the creation of the Eurosystem Procurement Coordination Office (EPCO), the ECB wished to foster the cooperation in the area of joint cross-border procurement among the ESCB central banks.

Main tasks

EPCO is responsible for coordinating joint procurement activities for the benefit of its member central banks. Together with the central banks leading the EPCO joint procurement projects and the participating institutions, EPCO is in charge of:

  • Assessing and identifying potential cases for joint Eurosystem procurement
  • Preparing an annual EPCO Procurement Plan
  • Consolidating the requirements of the EPCO central banks
  • Supporting the central banks in joint tender procedures
  • Supporting the central banks in procurements related to common projects of the ESCB
  • Supporting the central banks in contract management activities.

Furthermore, via its Network of Procurement Experts and other dedicated Experts Groups, EPCO reinforces the cooperation of the ESCB central banks via the development, promotion and adoption of best procurement practices within the Eurosystem.

The Network of Procurement Experts

The EPCO’s activities are performed thanks to the well established “EPCO Network of Procurement Experts”.

The Network is composed by high-level procurement experts and managers of all central banks of the ESCB participating in EPCO’s activities.

The EPCO’s Network serves as an essential platform and forum to facilitate and promote the implementation of EPCO’s procurement and contract activities, as well as the exchange of best practices among its members.

Who can participate in EPCO’s activities

  • The ESCB Central Banks
    The Central Banks of the Eurosystem, as well as all those National Central Banks (NCBs) of the Member States that have not yet adopted the euro, including where relevant, their in-house printing works [those falling under the definition of Article 1.2n of Guideline (EU) 2015/280 (ECB/2014/44)].
  • Other Entities
    Furthermore, since 2016, some national authorities of Member States, Union institutions and bodies and international organisations might also participate in EPCO’s joint tender procedures subject to invitation by the ECB Governing Council and under pre-defined conditions.
    In particular, the non-NCBs National Competent Authorities (NCAs) of the Member States that have adopted the euro are specifically invited to participate in EPCO’s activities.
  • The participation in EPCO’s activities and in joint tender procedures is voluntary.

Reference documents

PARTICIPATING INSTITUTIONS

Who can participate in EPCO’s activities

  • The ESCB Central Banks

The Central Banks of the Eurosystem, as well as all those National Central Banks (NCBs) of the Member States that have not yet adopted the euro, including where relevant, their in-house printing works [those falling under the definition of Article 1.2n of Guideline (EU) 2015/280 (ECB/2014/44)].

  • Other Entities

Furthermore, since 2016, some national authorities of Member States, Union institutions and bodies and international organisations might also participate in EPCO’s joint tender procedures subject to invitation by the ECB Governing Council and under pre-defined conditions.
In particular, the non-NCBs National Competent Authorities (NCAs) of the Member States that have adopted the euro are specifically invited to participate in EPCO’s activities.

  • The participation in EPCO’s activities and in joint tender procedures is voluntary.

PARTICIPATING INSTITUTIONS

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Suomen Pankki - Finlands Bank Eesti Pank Danmarks Nationalbank Sveriges Riksbank Lietuvos Bankas / Bank of Lithuania Latvijas Banka De Nederlandsche Bank Banque centrale du Luxembourg European Central Bank Deutsche Bundesbank Banque de France Banca d’Italia Hrvatska narodna banka Banka Slovenije Oesterreichische Nationalbank Národná banka Slovenska Banca Naţională a României Bank of Greece Central Bank of Malta Banco de España Banco de Portugal Central Bank of Ireland Banc Ceannais na hÉireann Nationale Bank van België/Banque Nationale de Belgique Central Bank of Cyprus

Suomen Pankki - Finlands Bank

(year of joining 2008)

Eesti Pank

(year of joining 2020)

Danmarks Nationalbank

(year of joining 2017)

Sveriges Riksbank

(year of joining 2016)

Lietuvos Bankas / Bank of Lithuania

(year of joining 2016)

Latvijas Banka

(year of joining 2017)

De Nederlandsche Bank

(year of joining 2008)

Banque centrale du Luxembourg

(year of joining 2008)

European Central Bank

(year of joining 2008)

Deutsche Bundesbank

(year of joining 2008)

Banque de France

(year of joining 2008)

Banca d’Italia

(year of joining 2008)

Hrvatska narodna banka

(year of joining 2013)

Banka Slovenije

(year of joining 2017)

Oesterreichische Nationalbank

(year of joining 2008)

Národná banka Slovenska

(year of joining 2009)

Banca Naţională a României

(year of joining 2008)

Bank of Greece

(year of joining 2008)

Central Bank of Malta

(year of joining 2008)

Banco de España

(year of joining 2008)

Banco de Portugal

(year of joining 2008)

Central Bank of Ireland Banc Ceannais na hÉireann

(year of joining 2008)

Nationale Bank van België/Banque Nationale de Belgique

(year of joining 2008)

Central Bank of Cyprus

(year of joining 2008)

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Malta Financial Services Authority Financial Market Authority European Stability Mechanism Financial Sector Surveillance Commission European Investment Bank Bank for International Settlements European Insurance and Occupational Pensions Authority Federal Financial Supervisory Authority Estonian Financial Supervision Authority Financial and Capital Market Commission Financial Services and Markets Authority Single Resolution Board European Banking Authority European Securities and Markets Authority

Malta Financial Services Authority

(MFSA)

Financial Market Authority

(FMA)

European Stability Mechanism

(ESM)

Financial Sector Surveillance Commission

(CSSF)

European Investment Bank

(EIB)

Bank for International Settlements

(BIS)

European Insurance and Occupational Pensions Authority

(EIOPA)

Federal Financial Supervisory Authority

(BaFin)

Estonian Financial Supervision Authority

(EFSA)

Financial and Capital Market Commission

(FKTK)

Financial Services and Markets Authority

(FSMA)

Single Resolution Board

(SRM)

European Banking Authority

(EBA)

European Securities and Markets Authority

(ESMA)

- CENTRAL BANKS -

JOINT PROCUREMENTS

GENERAL INFORMATION

THE LEAD CENTRAL BANKS

PROCUREMENT & CONTRACT OPPORTUNITIES

CAREERS

Job opportunities within EPCO

EPCO regularly offers exciting job opportunities to those candidates looking for challenges in an international and European environment.

If you are interested in working with EPCO, please consult the job offering presented in the BCL website: http://www.bcl.lu/en/About/carrieres/Vacances/index.html or send us your application to jobs@bcl.lu

Traineeship opportunities

EPCO offers traineeship opportunities for students, recent graduates and job entrants on a regular basis.

Advantages of a traineeship at EPCO

Opportunity to work in an international environment and to gain an insight into EPCO’s activities and operations in a central bank context, including:

  • Assistance in the realisation of various procurements and contract projects
  • Contribution to EPCO’s missions
  • Participation in the activities and meetings of the EPCO Network of Procurement Experts

Tasks

Depending on the skills and competencies of the trainee, task allocated to the trainee might include:

  • market research exercises
  • preparation of reports
  • coordination of procurement activities
  • organisation of international meetings
  • participation in ad hoc studies

Should you be interested in a traineeship with EPCO, please send your CV with a motivation letter to: jobs@bcl.lu.

NEWS AND EVENTS

24/03/2021

66th meeting of the EPCO Network of Procurement Experts

09/06/2021

67th meeting of the EPCO Network of Procurement Experts

14-15/10/2021

68th meeting of the EPCO Network of Procurement Experts

02/12/2021

69th meeting of the EPCO Network of Procurement Experts (virtual meeting)

03/12/2021

2021 EPCO Public Procurement Conference (virtual meeting)

CONTACT

Banque centrale du Luxembourg
2, Boulevard Royal, L-2983 Luxembourg


Telephone : +352 4774 4809


Telefax : +352 4774 4995


Email : epco@bcl.lu