The Spanish financial system is in better position than other countries to meet the new regulatory environment will involve the Banking Union, said the CEO of BBVA, Angel Cano.
The Spanish financial system is in better position than other countries to meet the new regulatory environment will involve the Banking Union, said the CEO of Banco Bilbao Vizcaya Argentaria (BBVA), Ángel Cano.
When you participate in a meeting of the financial sector organized by the ABC newspaper and Deloitte, Cano found that although the Spanish economy has much to do “and we can talk about recovery and having left behind the economic crisis. “
Before representatives of different organizations, consultants, analysts and media, said that one of the factors that allowed this recovery is reform of the Spanish financial system.
“There is no doubt that the Spanish authorities have made a major effort in recent years to restore confidence,” he said.
The CEO of BBVA stressed that Spanish banks have improved their solvency standards it strengthened its provisions and decreased its liabilities, plus they now turn to revive some portfolios of credit.
He assured that all the Spanish financial system is better prepared, compared to other European countries, deal with the Banking Union, being created by the European Union.
Cano emphasized that implies a new regulatory and institutional framework, which highlights the monitoring and resolution mechanisms, the which together is a challenge for the continent’s banks.
He expressed confidence that the European Central Bank (ECB) will ensure proper risk management, according to the business models of entities, to avoid risks and problems of the past.
erp
No comments:
Post a Comment