ECB to Publish Board's Meeting Schedules in Transparency Driveby
Calendars released with three-month lag from February 2016
Information to include meetings with external parties
The European Central Bank will publish the meeting schedules of its Executive Board members on a monthly basis, as the institution seeks to improve the public’s trust in the way it conducts business.
The calendars of the six Executive Board members, including President Mario Draghi, will be released with a three-month time lag starting in February 2016, the Frankfurt-based ECB said in an e-mailed statement on Friday. The first batch will therefore cover the month of November.
Since an incident on May 18 this year when board member Benoit Coeure inadvertently disclosed market-sensitive information to a closed-door meeting of investors before it was released to the public, the ECB has sought to strengthen its rules governing policy makers’ conduct and openness. On Oct. 6, the central bank published new guidelines regulating officials’ speeches and meetings with market participants.
“The publication of calendars underscores the ECB’s commitment to transparency and accountability,” the central bank said in the statement. The published calendars will “as a rule, include appointments with external parties, unless releasing the information could undermine the protection of public interests recognized at European Union level.”