El blog de Maria

Spain´s National Share Market Commission (CNMV) is making a close control on Banks and Savings banks´ accounts, especially on information regarding exposure to sovereign bonds, corporate shares strategy or valuation of assets.

Both these efforts and those other ones for a higher control by Bank of Spain are welcomed by investors.

Prevention, control, measure, regulations are great ingredients to enhance investors´trust. Much of what we need.

During all these years of fights for the Finca Parcs clients, and in relation to some other similar situations, I have been able to contrast the role of our central bank with other ones such as the UK one, mainly through my conversations with Keith Rule, the coordinator of the Bank Guarantees in Spain petition, being alerted on how ridiculously low was the power that Bank of Spain was able to display on financial entities.

It seems this is changing now.

"Sierra Nevada", Granada, Spain, by JEspi, at flickr.com