ECB's Lagarde receives around EUR 140k a year as Bank for International Settlements board member, despite the ECB ban on third-party payments to staff, according to FT

ECB's Lagarde receives around EUR 140k a year as Bank for International Settlements board member, despite the ECB ban on third-party payments to staff, according to FT.

This news raises questions regarding the integrity of the ECB’s compensation policies, particularly in light of the ban on third-party payments to staff. Lagarde's position at the Bank for International Settlements could complicate perceptions of ECB independence and may have implications for her credibility among market participants. Investors should watch how this affects confidence in the ECB's governance and its future monetary policy direction.