Swedish Riksbank Says Some Staff Traded Before Rate Decision
- Riksbank says some staff transactions broke its ethical rules
- Central bank says updated rules to show what’s out of bounds
This article is for subscribers only.
Sweden’s central bank says a number of staff made financial transactions that aren’t in line with its ethical guidelines, including equity trades just before interest-rate decisions.
The Stockholm-based Riksbank said the infringements have prompted it to update its rules to ensure staff know exactly what kind of conduct is off bounds, according to a statement on Friday. It also noted that the employees in question reported the transactions, which were then caught during a routine review.