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Finance

ECB's Lagarde receives 140,000 euros from BIS despite payment ban for ECB staff, FT reports

Published by Global Banking & Finance Review

Posted on February 23, 2026

1 min read

· Last updated: April 2, 2026

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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

Lagarde Paid €140,000 as BIS Board Member Despite ECB Staff Pay Ban

BIS Remuneration and ECB Policy Context

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.

Internal Staff Reaction

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.

Verification and Source Note

Reuters could not immediately verify the report.

Currency Conversion Reference

($1 = 0.8461 euros)

Reporting and Editing Credits

(Reporting by Angela Christy in Bengaluru; Editing by Jacqueline Wong)

Key Takeaways

FT reports Christine Lagarde receives about €140,000 annually from the BIS board despite an ECB staff ban on third‑party payments.
The ECB says the president is governed by a separate conduct code, not the general staff rules.
Some ECB employees have criticized the arrangement internally as a double standard.
Previous ECB presidents reportedly accepted BIS remuneration, while Fed and BoE leaders decline such pay.
Reuters noted it could not immediately verify the FT report at the time of publication.

References

Frequently Asked Questions

What is the main topic?

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.

Why is the BIS remuneration controversial?

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.

Does the ECB ban apply to the president?

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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ECB's Lagarde receives 140,000 euros from BIS despite payment ban for ECB staff, FT reports

Lagarde Paid €140,000 as BIS Board Member Despite ECB Staff Pay Ban