Saturday, June 20, 2015

Workers of the New Bank Governor responsible for … – Jornal de Negócios – Portugal

The commission joins the new Bank staff supports the intention of the administration to take legal action on damaged. The aggrieved investors in commercial paper accused the management and staff.

The commission of the New Bank workers continues to defend the employees and to attack the injured. But Friday brought a new accusation target:. Carlos Costa

“We hold the authorities of that country as well as the Governor of the Bank of Portugal, the possible grave consequences that the New Bank workers will suffer, “according to a statement issued by the works council.

In the document, published on June 19, the agency argues that the threats of those who claim to be injured the old BES” rose tone “and” veiled, became explicit. ” “Since yesterday, attempted against the physical and psychological integrity of our colleagues. Torn robes, shoving, insults and other threats. Preventing the entry of workers in their workplaces”, accuse the workers.

“The National Committee on Workers manifests itself unequivocally with the workers. We reject, lively, the behavior of these people, “says the commission coordinated by Carlos Gonçalves, on the other hand, criticizes” the passivity of the police. “

In praise tone, leave a word to the board of directors led by Eduardo da Cunha Stock by “bring / arrange for legal action against the perpetrators.” In a statement, the New Bank said on Thursday, June 18, that will “ require, by all legal means, to ascertain the responsibilities that are properly documented among principals and performers of verbal and physical aggression practiced, including members of the governing bodies of the Association of injured. ”

The Association of Indignados and Deceived the commercial paper joins the old BES customers who have purchased short-term debt societies of Espírito Santo Group (ESI and Rioforte) that, despite initial promises of the Bank of Portugal, were not reimbursed. Several injured are doing a vigil at the door of the headquarters of the New Bank on Avenida da Liberdade in Lisbon, until they are assured payment.

This Friday, and after the disrespect of the previous day, there were administrators of the bank, including the Stock Cunha who were removing the posters that appeared in their faces. Some have accused the theft, so the PSP Lisbon took over the event, according to Lusa reported.

Regulators and the ping pong

Stock Eduardo da Cunha argues that it has no mandate from the Bank of Portugal and the European Central Bank to solve the problem of commercial paper – a theme that did not speak the message you entered in the annual report 2014

The Bank of Portugal claims that are issuers (in insolvency in Luxembourg) that have to return the investment – the CMVM also argues that investors should take as creditors of ESI and Rioforte. But this is only common regulators.

At the time of the resolution, and on information provided to customers The Bank of Portugal ensured that the New Bank would guarantee the repayment of commercial paper sold to BES counters. What assumes this point as it could reverse the hierarchy of creditors, argues Carlos Costa.

For the governor, the solution is to ensure compensation to those who prove that it was mistaken in the marketing of commercial paper, a responsibility that attaches to the Securities and Exchange Commission. Carlos Tavares rejects, it says it is difficult to prove these irregularities given the diversity of evidence, and argues that even if he could, the case was resolved. The capital market regulator even accuses the counterpart of reimbursement have created expectations that now has to meet.

While there is progress, investors protests continue – without knowing if ever be repaid – and is maintained the defense of workers.

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