Codes of Conduct

The Banco de España has established a series of standards of conduct and behavioural guidelines that must be complied with by all its senior officers and employees in the performance of their duties. These rules regulate, among other aspects, the following:

  • Incompatibilities and restrictions
  • Conflicts of interest and the duty to abstain
  • Restrictions concerning private financial transactions
  • Ban on the use of inside information and obligation of secrecy
  • Policy on accepting gifts, invitations or benefits

The rules applicable to the Bank’s senior officers are set out in the Law of Autonomy of the Banco de España, the Internal Rules of the Banco de España and the Code of Conduct of the Governing Bodies of the Banco de España File PDF: Opens in new window (130 KB) (in Spanish).

The rules applicable to its employees are set out in the Code of Conduct for Banco de España staff members File PDF: Opens in new window (237 KB) (in Spanish).