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ECB Is Said to Spar With Governors on Far-Reaching Conduct Plan

  • Reforms cover personal finances, conflicts of interest
  • Governing Council is set to discuss new rules this week
Photographer: Krisztian Bocsi/Bloomberg

The European Central Bank has a battle on its hands over new conduct rules for Governing Council members, some of which are seen as too intrusive.

Drafts circulated by the Frankfurt-based ECB to national central banks have sparked concern among some governors, according to people familiar with the matter. They view the proposals as too far reaching or simply unrealistic, said the people, who asked not to be identified because the debate is private.