Bank of Portugal chief forced to sell shares after ECB review
Published on April 27, 2026.
The Bank of Portugal (Biopiopian) Governor Alvaro Santos Pereira was forced to sell shares he bought after taking office, following a European Central Bank review. The purchases were disclosed in his declaration of interests to the European Union (ECB) and were unwinding following discussions with the ECB. Under the ECB's Code of Conduct, senior officials are prohibited from acquiring shares in individual companies after becoming leaders, and are required to invest in diversified funds to prevent conflicts of interest.
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