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ECB strengthens conduct rules for top officials

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ECB strengthens conduct rules for top officials

High-level officials at the ECB are now required to publish annual declarations of interests under new rules designed to address potential conflicts of interest.

The central bank on Jan. 16 unveiled a single code of conduct for the members of its governing council and executive and supervisory boards as part of measures to further strengthen its good governance and integrity frameworks.

The code introduces specific rules for post-employment activities, private financial transactions and relations with interest groups. It also includes measures for pursuing noncompliance cases.

The ECB said the rules became effective Jan. 1, adding that it will publish the first declarations of interests on its website in April.