ECB staff question whether Lagarde’s book promotion breached ethics rules
ECB staff have asked the central bank’s chief compliance officer to assess whether President Christine Lagarde breached its code of conduct by promoting her memoir at a press conference on 10 September. In a letter seen by POLITICO, the staff committee also raised concerns about possible differences between ethics rules for staff and those applying to the six executive board members.
Bottom line — The compliance officer is being asked to clarify whether Lagarde’s promotion breached the ECB code of conduct.
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POLITICO reports that the staff committee’s letter was dated 9 October.
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Asked how she would separate the book’s commercial promotion from her ECB role, Lagarde said marketing would take place at weekends or during leave, according to POLITICO.
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The memoir is titled Lady First, POLITICO reports.