Carlos Costa refuses to give audit of the Bank of Portugal – Daily News – Lisbon

Survey. Block asked to audit the Bank of Portugal himself asked his supervisor action. Regulator said no, arguing that have to do with BES case and not with Banif

The Bank of Portugal (BoP) has sent to the Parliamentary Commission of Inquiry (CPI) to Banif case hundreds and hundreds of documents – all of them classified with the “confidential” stamp – but this vast lot still missing a report that some members attach great importance, the Boston Consulting Group (BCG) made evaluating the supervisor role bank BES case.

This report, requested by the Left Bloc, was prepared at the request of the boP own. The favor blocs stated in the application that BCG will have noted a “serious lack” of bop supervision and that, confirming, would excuse the government to power away Carlos Costa from the post of Governor of the Bank of Portugal.

In the letter sent to Parliament to explain the various documents submitted, the boP says because no reason not ordered the audit of BCG. Basically because that audit did not have to do with the bank’s performance against the Banif, or is outside the scope of the parliamentary commission of inquiry (the audit had only to do with the performance of the BoP face BES). In the documents “whose content has no connection with the measure of resolution [...] the Bank of Portugal is fully subject to professional secrecy obligations” set out in the Legal Framework of Credit and Financial Institutions (Legal Framework). Or, put another way: “In the view of the Bank of Portugal, the information to be provided to the committee of inquiry may cover periods and the necessary documentation to evaluate not only the measure of resolution rather it and the circumstances in which it was taken but also supervisory measures that preceded it and with it may have a relevant connection, such as measures relating to recapitalization and restructuring processes. “

This also explains that all documents sent by the banking supervisor for Parliament has the stamp “confidential” – meaning that can only be accessed by Members, “the submission to the parliamentary committee of inquiry shall, in the opinion of the Bank of Portugal, be accompanied by appropriate protection mechanisms in order to avoid disclosure outside the scope of the committee and of the purposes of parliamentary inquiry. “

in addition to the BCG report, the Bank of Portugal refused to submit to the Members’ information concerning Banif customers, reports of auditors and consultants with express clause of confidentiality and correspondence between third parties with any copy to the Bank of Portugal. “

in the CPI collection also still should not include the number of Banif restructuring plans leaded in Brussels. The BoP is awaiting authorization in this case, the Directorate-General for Competition (DGComp) of the European Commission. What deputies received was, instead, all the correspondence between the BoP and Banif. – Documentation that will have more than 800 pages

Segurista rapporteur

Eurico Brilhante Dias deputy was chosen by PS as rapporteur of the commission (more news on page 17).

the application will today vote at a meeting scheduled for 12.00. The PS has the Left Bloc and the PCP to get the majority to elect the Socialist deputy. The choice of rapporteurs is -. If the majorities that form and does not meet the turnover schemes that define the party which leave the chairmen of the committees (this belongs to the CFP, by António Filipe)

Eurico Brilhante Dias, graduated in Management and professor at ISCTE, was elected for the first time in the last legislative, the White Castle circle. From 2011 to 2014, joined the direction of António José Seguro on PS, and its main spokesman for economic issues. Supported Insurance António Costa in the primary elections of the Socialist Party who led Costa to the party leadership. Now António Costa in front of the PS participated in preparations for the electoral program of the party.

 The first hearings of the committee will be the 29th of this month. Marques bank’s former directors of Santos and Jorge Tomé are summoned to testify before the deputies. The next day, will be heard Luís Amado, chairman of the bank, and only then will be called responsible for the oversight and political power.

On 20 December, the government and the Bank of Portugal announced the resolution of Banif with the sale of part of banking to Santander Totta, for 150 million euros, and the transfer of other assets – including toxic – for the new vehicle company. The resolution was accompanied by a public support 2,255 billion, with 1766 million straight out of the state and 489 million of bank resolution fund, consolidating public accounts.