New Bank admits adopt “legal measures” against threats of … – Journal News

In a statement, the financial institution notes that the behaviors and initiatives of the Association of Indignados, “insist jeopardize the functioning of the services of the New Bank or reach its reputation and its employees, “therefore reserves” the right to take legal action that may be appropriate for such behaviors, as well as continue to support without restriction your employees, particularly those who are threatened “.

The bank led by Stock da Cunha notes that “the commercial network of the New Bank consists by professionals who deserve the appreciation, trust and support of the Board, thanking them their work, results achieved and the vitality demonstrated in physical and psychic particularly difficult circumstances. “

So, the bank ranks as “illegitimate initiatives, individual or under the designated Association of Indignados”, although “injured parties” have rights “must be respected”, but “can not act outside the framework of the law and against whom does not fit and has no autonomy to meet them. “

In response to the frequent demonstrations carried along the branches of Novo Banco nationwide concerning the commercial paper of the Espírito Santo Group (GES) sold to branches of BES, the financial institution has once again clarify that “the New Bank is a bridge bank and has autonomy to decide and implement proposals to remedy or compensate for the failure of such debt instruments.”

The statement said that the institution led by Stock da Cunha is obliged “to respect the resolution as the rate applied to Banco Espírito Santo by the Bank of Portugal, while Resolution Authority, the respective guidelines and the commitments made in the implementation of Such a measure, given the new supervisory framework for the Single Supervisory Mechanism “.

And makes it clear that the resolution measure of terms” are clear with regard to the absence of a new Bank is responsible for reimbursement of such debt instruments “, because hands are tied as this” has been repeatedly stated, unambiguously, the Bank of Portugal, as resolution authority “.