The Economy Minister Luis de Guindos said yesterday that the previous government “forced wills and made the supervisors, the Bank of Spain and the Comisión Nacional del Mercado de Valores (CNMV), look the other way “in the IPO of Bankia.
De Guindos said the previous government defined the operation as a “matter of state” and that he “already in May 2012″ defined “as a mistake.” The creation of Bankia from Caja Madrid and Bancaja said Luis de Guindos, never happened “without the approval of the Bank of Spain and the CNMV” so if someone searches transparency it is best to “start by asking those responsible for these organisms, both appointed by the previous government “, at the time of the IPO.
In six months, he added, “this government has done what the previous did in four years” and Bankia “is the clearest example of this” entity is now “one of the most solid across Europe, as revealed the stress tests to which the European Central Bank (ECB) submitted to the sector last October. ”
The president of Bankia, Jose Ignacio Goirigolzarri, wanted to send a message of reassurance and yesterday said that “the eventual fact that the IPO was put in question-a scenario very much in the air even now, the BFA-Bankia group has enough to deal with that eventuality without asking taxpayers money “muscle.
During his speech at the Congress of financial directors organized by the Association for the Advancement of Management (APD) also added that “there is no bank in the world to begin to repay the aid a year later to have been recapitalized, “for what he called” a world record “that the entity able to repay some of the money you received for financial restructuring.
The governor of the Bank of Spain, Luis María Linde, meanwhile dismissed the report Bankia of the two experts from the body, acting independently affect reforms in supervision, and assured they have already been adopted and adapted to the Single Supervisory Mechanism (MUS) and the program of financial assistance from the EU to the Spanish banking. E had an impact on what matters is that Spain should continue reforms, especially those aimed at raising the country’s competitiveness in the international arena and to “improve the quality of public spending.”
The president of the Comisión Nacional del Mercado de Valores (CNMV), Elvira Rodriguez, said meanwhile that this body followed “all the usual steps” in a public offering for sale in the process output Bankia bag. He added that the expert reports on the IPO of Bankia moment not justify opening a file by the market supervisor.
No comments:
Post a Comment