The Bank of Spain has defended today that both the constitution of BFA-Bankia group as in the evolution of this entity in the years 2011 and 2012 his performance “was adjusted at all times to maintain high professional standards, respecting current legislation and established procedures. “
This is considered the Executive Committee of the Bank of Spain, which after a special meeting held today and after the news and statements recently appeared on manufactured supervisor BFA-Bankia has issued a statement.
It also clarifies that the Bank of Spain, in its role as supervisor, sticks to control the activity of the entities “from information produced by these and taking into account economic data available “.
Therefore,” management decisions adds the communique are the sole responsibility of the administrative and management bodies “.
recalls that the Bank of Spain performs its functions with autonomy from the central government and insists that acted “always” with the utmost respect to judicial decisions.
Finally, reiterates its ” absolute willingness “to collaborate with Justice in few cases or procedures is required.
The Bank of Spain has provided the judicial authorities” all “the experts that have been requested” without giving any excuse in any case “as recently declared Efe a spokesman for the institution.
In the period 2010-2014, which have focused open proceedings against managers of banks, the Bank of Spain has provided namely 12 experts, of which 7 still currently collaborating with the corresponding court.
In addition, the supervisory authority has made available to the Prosecutor at least 6 people in permanent contact “to address questions or technical questions in relation to the various summaries “.
This clarification came as the prosecutor Bankia, Alejandro Luzon, has criticized the lack of institutional collaboration in investigating cases of economic crime and the Economy Minister Luis de Guindos, affirmed in Congress that supervisors “looked the other way” in the IPO of Bankia.
According to De Guindos, former Executive ‘forced wills and made the supervisors, the Bank of Spain and the Comisión Nacional del Mercado de Valores (CNMV) look the other way. “
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