The ethics commission said Centeno complied with the duty of conduct but acknowledged the damage to the institution’s image

The Ethics Committee of the Bank of Portugal acknowledged this Wednesday the damage caused to the image of the institution in the Mario Centeno case and further stated that the Governor of the Bank of Portugal “fulfilled the general duties of conduct.”

“In its opinion, the Ethics Committee expresses its understanding that the Governor acted with the restraint necessary in the particular circumstances described therein and discharged his general duties of conduct as a member of the Board of Directors, regardless of other events that occurred surrounding the Board of Directors.” “believes that the conditions of independence of Banco de Portugal and its bodies in the exercise of their powers have always been respected,” the statement said.

In the update