The new manager of the Bank of Portugal (BoP), António Varela, on Wednesday stressed the importance of the bank to apply the reconfiguration of the institutions and the business model, acting with “blameless” ethical principles.
“gentlemen bankers, as do a reset on the phone when it blocks, we have applied in the reconfiguration of our institutions and our business model,” said the new responsible for the prudential supervision of BoP during his inauguration, a ceremony in Lisbon.
Finance Minister swore on Wednesday to Antonio Varela and Hélder Rosalino as administrators bop, replacing Teodora Cardoso and José Silveira Godinho.
António Varela will be responsible for prudential supervision and issues folder with the sole mechanism of supervision and Hélder Rosalino will be the manager of the institution of workers
For Varela -. integrated so far that the Board of Directors of Banif, named Government -., it is still necessary that banks ask your corporate governance and “truly the capabilities and motivations of the people who star in”
“Above all, act with impeccable ethical principles,” said speech during the inauguration, during which said that it wants to contribute to the supervision “will be further enhanced in the dialogue, humility and rigor.”
“We are well aware of the economic, financial and banking point of Europe and Portugal. “said yet
By the way, the new administrator also noted that in recent years have developed systems and banking products” extremely complex “and added:” Sometimes we forget that we are beings human, fallible. “
The Finance Minister Maria Luís Albuquerque, in turn, stated in his speech that the trust between the Government and the BoP” is strengthened “with this appointment.
“More than replacing administrators, is essential to improving skills in the most critical areas, bringing value to the institution and the country,” said the ruling.
For Maria Luís Albuquerque, supervision, while “absolutely critical to ensure financial stability and the conditions essential to sustainable growth area funding, could not be better holder than Antonio Varela.”
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