The governor of the Bank of Portugal (BoP), which is to be heard on Wednesday in the Committee of Budget, Finance and Public Administration (COFAP) stressed that the institution has ongoing investigations into four cases of counter ordering against former managers of BES.
There are four processes that come together to what became known last week on placing debt Holy Spirit International (ESI) next to the BES clients and involving 15 old former managers of the bank, as the Express reported. Among them, the former president is Ricardo Salgado, who came to accuse the banking supervisor lack of impartiality and bias to judge the case.
The four investigations mentioned Wednesday by Carlos Costa “require harvesting evidentiary means in foreign institutions “and should therefore only be completed during the first half of 2016, said the supervisor to Members.
The governor of the Bank of Portugal again defended the decision to withdraw the BES and the how it was conducted, and stressed that “the time has not yet come” to look at the whole process with “tranquility and dispassionately” or “on its effects either on the causes.”
If Carlos Costa recalled the opening speech that his tenure was marked by resolution of the BES, the socialist Pedro Nuno Santos, he said he was also associated with the “biggest banking collapse” registered in the country, the bop “detected late” and for which “drew a strategy that failed”, opting to keep Ricardo Salgado ahead of the management of the Espírito Santo Group.
Carlos Costa said he hoped that in the future the opinions on the conduct of BES case “take into account the results of the process “. “With the necessary distance we will be aware that we spent next to a difficulty,” said the governor, arguing that “confidence in the financial system was safeguarded.”
No comments:
Post a Comment