ECB President Luis de Guindos clarified that his role on the Board of the Bank for International Settlements (BIS) is part of the ECB’s mandate but operates independently, with distinct governance duties, legal liability and remuneration. The BIS Board meets at least six times a year, usually in Basel on weekends or Mondays. De Guindos reaffirmed his commitment to BIS duties outside the ECB Governing Council. Remuneration for the ECB executive board ranged from CHF 104,001 to CHF 130,457 between 2020 and 2025 and was approved by BIS shareholders at the annual general meeting. The ECB’s Code of Conduct allows official mandates so long as independence is preserved. To improve transparency, the Governing Council will add the percentage of basic salary used for functional allowances to the 2025 annual accounts. BIS Board membership is not remunerated by the ECB, is excluded from the accounts, and fully disclosed in annual interest declarations.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
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