CNMV customers trust fund accounts are … Bank Madrid – Spain Investing.com

MADRID (Reuters) – The president of the CNMV, Elvira Rodriguez, was on Thursday confident that in a month are unlocked accounts of customers in mutual funds and Sicav Bank Madrid while noting that it was a very complex process to meet this entity in bankruptcy.

“I want to reassure them (customers of Banco Madrid) your investment, but for now it is frozen, be able to lift at the time to change accounts and the accounts are not in the Banco de Madrid. Let’s see if in the vicinity of one month and to San Isidro, these issues are reasonably resolved, “Rodriguez told reporters on the sidelines of a financial conference.

Currently, Cecabank is acting as depository of the collective investment of Banco Madrid, while managing Rent4 has passed after the bankruptcy of subsidiary in Spain of the Andorran entity BPA

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