The Executive Committee of the Bank of Spain has issued a inusua l official statement on a special meeting after the harsh statements Economy Minister Luis de Guindos , and has defended his action in the case Bankia .
“In regard to the constitution of BFA-Bankia group and its evolution during the years 2011 and 2012, the Executive Committee believes that the performance of the Bank of Spain was adjusted at all times strictly professional criteria , respecting the regulations and procedures. ”
The highest organ of power of the supervisory body that directs Luis María Linde and comes to meet the charge of Minister of the Socialist government “made the supervisory bodies will look the other side “for a political operation to leave Bankia listing in July 2011 and is thus delayed until after the elections the bank bailout Spain.
De Guindos blamed both the Bank of Spain and the Comisión Nacional del Mercado de Valores (CNMV). The vice president of the latter at the time was Fernando Restoy , which is currently a member of the Executive Committee of the Bank of Spain.
According to the statement, “the performance of the Bank of Spain as supervisor sticks to control the activity of credit institutions from information produced by these and considering the economic data available.”
Therefore, “ management decisions are the sole responsibility of the administrative and management of the entities ” he says, referring to the IPO was team decision then led by Rodrigo Rato .
The official note adds that “ The Bank of Spain has always acted with utmost respect for judicial decisions and reiterates its absolute willingness to collaborate with Management of Justice in few cases or procedures it is so required. ”
On the eve, the Anti-Corruption Prosecutor Alejandro Luzon, regretted that the cooperation of supervisory bodies occur in general “dropper” , though it added that in the instruction of Bankia The response of the Bank of Spain was being “exceptional”, above usual to have provided two experts.
Meanwhile, the president of the CNMV, Elvira Rodriguez , said yesterday before I did Guindos, your institution followed “standard procedures” in the case Bankia and considered “too early” to assess the expert report.
This report makes bad place action by both the Bank of Spain and the CNMV, since it presents the IPO as a farce with accounts that did not reflect reality and related institutional investors to the entity .
Not only was the minister who questioned the work of supervisory bodies in the control session Wednesday. Also the socialist economic spokesman, Juan Moscoso, called for a commission of inquiry in which they comparecieran.
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