ECB adopts new ethics rules on trading

New rules ban holding of individual equities, similar to Fed reforms

European Central Bank, Frankfurt
European Central Bank, Frankfurt
Photo: Flickr/André Douqué

The European Central Bank published a new ethics code on December 16, tightening rules on equities holdings for its senior officials.

The central bank announced the new regulations in the wake of a bribery scandal in the European Parliament that has drawn attention to ethics rules in European Union institutions.

The new regulations, which replace a 2019 edition, apply to the board of directors. They also cover the other members of the rate-setting governing council and of the supervisory board

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