[stock_market_widget type="clock-markets" template="analog" timezone="America/New_York" title="New York" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/London" title="London" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/Brussels" title="Brussels" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Hong_Kong" title="Hong Kong" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Tokyo" title="Tokyo" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Australia/Sydney" title="Sydney" style="font-size: 7px; width: 100px;"]

Economic news

Political speculation is over

12/16/2022

Less than a minute

2022.12.16 07:03

[ad_1]

ECB bars policymakers from speculating after backlash, Fed scandals

Political speculation is over

Budrigannews.com – After a series of scandals at the Federal Reserve and domestic backlash, the European Central Bank has banned its top officials from selecting stocks and bonds or making short-term trades.

The ECB’s ratemakers and bank supervisors will no longer be allowed to invest in individual stocks or bonds; instead, they will only be allowed to invest in “broadly diversified” funds, which they will have to hold for at least a year, up from one month before.

More Purpose tax reform in Japan