ECB Sets Out Speaking Guidelines Five Months After Coeure Slip
- Market-sensitive comments to be made immediately available
- Guidelines don't apply to supervisory dialogs with banks
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The European Central Bank set out guidelines on external meetings by Executive Board members, five months after it was criticized for the release of information at a restricted dinner event.
Board members established principles that include the immediate release of speeches or real-time reporting at events where the remarks could be seen as market sensitive. At closed-door events and bilateral meetings, policy makers will ensure that no market-moving information is released.