Lagarde says ECB reviewing its rules on policymakers' assets

FRANKFURT, Oct 28 (Reuters) - European Central Bank President Christine Lagarde said on Thursday that the bank was reviewing its rules regarding policymakers' personal assets and strived to be as transparent on the issue as possible.

The ECB has been urged to tighten the rules governing the personal investments of its policymakers, most of whom pick their own funds, stocks and bonds.

"We publish the holdings that board members have, that Governing Council members have and so on," Lagarde told reporters after the bank's policy meeting.

"Our ethics committee and the ethics officer are currently reviewing, revisiting those rules to make sure that everything is plain, transparent, without any conflict, and that those rules be adhered to and respected by all members concerned."

The Federal Reserve last week banned individual stock purchases by its top officials and unveiled other restrictions after an uproar over trades made in 2020, when the U.S. central bank intervened to stop a collapse in financial markets as the COVID-19 pandemic raged.

An ECB spokesperson said last week the central bank had been reviewing its ethics framework for some time, chiefly with the aim of harmonising rules across the different national authorities, but declined to comment on the details.
Reporting by Francesco Canepa; Editing by Hugh Lawson

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