Portuguese parliament reshapes central bank governance
Bank of Portugal must have 33% of women on its board
New rules for the appointment of the governor and board of directors of the Bank of Portugal were approved today by the Portuguese parliament, in an attempt to reinforce the independence of the institution.
The next governor of the central bank, who will be named by the Portuguese government in June after Carlos Costa's five-year mandate ends, will now have to undergo a hearing at the parliament, which will then issue a non-binding preliminary report on the candidate.
The change in the central
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