“In his notice, Mr. Breton emphasized his determination to refrain from any kind of lobbying activity, particularly on matters for which he has responsibility within his portfolio, as well as the following types of disclosures: The duty of professional confidentiality must be respected, especially the duty of honesty and discretion in dealing with joint obligations,” the committee wrote in its decision.
“Mr. Breton emphasized that he had no contact with Bank of America during his time as a member of the Committee,” he added.
The commission has often been criticized for the so-called revolving door of civil servants leaving the civil service to work in sectors they previously regulated.
Former committee chairman José Manuel Barroso became chairman of Goldman Sachs less than two years after leaving office, and former technology chief Neelie Kroes was investigated for lobbying Uber before and after the cooling-off period. I received it.
In 2018, the Commission increased the cooling-off period from 18 months to two years.
