Christine Lagarde receives about €140,000 a year as a Bank for International Settlements board member despite a European Central Bank ban on third-party payments to staff.
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, an institution for central banks created in 1930.
“Preach water, drink wine!” wrote one ECB staff member according to screenshots seen by the FT.
Lagarde is one of the 18 global top central bankers sitting on the BIS board of directors. While all of them are entitled to annual fixed pay and variable attendance fees, the BIS does not disclose payments individually.
But in a written answer to German MEP Fabio De
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