Published by Global Banking & Finance Review®
Posted on February 23, 2026
1 min readLast updated: April 2, 2026
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FT reports Christine Lagarde receives about €140,000 annually from the BIS board despite an ECB staff ban on third‑party pay. The ECB says the president follows different rules under a separate conduct code.
Feb 23 (Reuters) - European Central Bank President Christine Lagarde receives about 140,000 euros ($165,466) a year as a Bank for International Settlements (BIS) board member despite an ECB ban on third-party payments to staff, the Financial Times reported on Monday.
Some ECB employees, using internal message boards, have complained about the apparent double standard in the treatment of the president's remuneration from the BIS, according to the report.
Reuters could not immediately verify the report.
($1 = 0.8461 euros)
(Reporting by Angela Christy in Bengaluru; Editing by Jacqueline Wong)
The FT reports that ECB President Christine Lagarde receives around €140,000 a year from the BIS board despite an ECB ban on third‑party payments for staff. The ECB says the president is covered by a separate conduct code.
ECB staff are barred from accepting third‑party payments related to their duties. Some employees view Lagarde’s BIS pay as a double standard, even though the ECB says the president follows different rules.
According to the ECB, the staff payment ban governs employees, while the president and other high‑level officials follow a separate code of conduct with different provisions.
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