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Ombudsman criticises Commission following BlackRock contract inquiry

European Ombudsman Emily O'Reilly has asked the Commission to improve its guidelines for assessing bidders for contracts related to public policy after it awarded a study contract to BlackRock Investment Management in an area of financial and regulatory interest to the company.

Ms O’Reilly also asked the Commission to consider strengthening the conflict of interest provisions in the Financial Regulation - the EU law governing how public procurement procedures financed by the EU budget are conducted.

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The European Ombudsman works to promote good administration at EU level. The Ombudsman investigates complaints about maladministration by EU institutions and bodies, as well as proactively looking into broader systemic issues.