Recital 8

(8)To ensure that the SSM Ethics Framework continues to reflect appropriate standards and best practices that take into account the state of the art in the supervisory community and amongst the Union institutions, Guideline (EU) 2015/856 (ECB/2015/12) provides for a regular review by the Governing Council. The entry into force of the Code of Conduct for high-level ECB officials ⁵ (hereinafter the ‘Single Code’), further enhanced uniform standards of professional ethics for all members of high-level ECB bodies and their alternates. Against this background, the Governing Council considers it necessary to adapt the existing standards as provided for in the SSM Ethics Framework.