Institutions of the European Union (ECB) is the central bank for the eurozone (the states which have adopted the euro) and thus controls monetary policy in that area with an agenda to maintain price stability. It is at the centre of the European System of Central Banks which comprises all EU national banks. The bank is governed by a board of national bank governors and a President. The ECB is located in Frankfurt. The current president is Mario Draghi. The "European Court of Auditors" (ECA), despite its name, has no judicial powers. It ensures that taxpayer funds from the budget of the European Union have
Terminology Coordination Unit of the European Parliament the Regions, the Court of Auditors and the Translation Centre for the Bodies of the European Union. The European Court of Justice, the European Investment Bank and the European Central Bank are also involved in providing specialised terminology, which is in some cases compiled in cooperation with national authorities. Finally, the contribution of all EU agencies, coordinated by the Translation Centre, is extremely valuable. The IATE database is managed by an inter-institutional team chaired in turn by one of the institutions which contribute to IATE and its funding. It is currently chaired by the Translation Centre, which houses the team