Bank of Spain rejects audit allegations

The Bank of Spain was the target of fierce criticism in 2012, when Madrid was forced to seek an EU bailout to rescue Bankia and a number of other Spanish lenders. In January 2013 it found itself at the centre of a fresh debate, this time triggered by the leak of an internal report detailing the grievances of the central bank’s own inspectors before and during the crisis.

ESO: Background information: Spain bows to ‘bad bank’ idea / Eurozone draws up Spanish aid blueprint / Spain given extra time to cut deficit / Spain pressed to inflict losses on savers http://www.europeansources.info/record/spain-bows-to-bad-bank-idea-eurozone-draws-up-spanish-aid-blueprint-spain-given-extra-time-to-cut-deficit-spain-pressed-to-inflict-losses-on-savers/

Bank of Spain: Press Release, 08.01.13: Statement by the Executive Commission of the Banco de España http://www.bde.es/f/webbde/GAP/Secciones/SalaPrensa/NotasInformativas/13/Arc/fic/presbe2013_2en.pdf

Bank of Spain: Press Release, 08.01.13: Report by the Internal Committee: Analysis of the supervisory procedures of the Banco de España and recommendations for their reform, October 2012 http://www.bde.es/f/webbde/GAP/Secciones/SalaPrensa/ComunicadosBCE/DecisionesPoliticaMonetaria/13/Arc/Fic/Informe_de_la_Comision_Interna_en.pdf

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