Bundesbank board don't want new code of conduct

Some board members of the Bundesbank do not want to comply with a new code of conduct for the time being, following the scandal surrounding former president Ernst Welteke, and the latest one reportedly involving public money to build luxury villas for officials, reported Der Spiegel magazine.

A code of ethical conduct has already been drawn up by the well-known corporate governance expert Theodor Baums, which is tougher than the European Central Bank's one, the magazine said. The Bundesbank

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