Bloomberg News

PP Would Reform Bank of Spain to Boost Transparency, Saenz Says

October 05, 2011

Oct. 5 (Bloomberg) -- The People’s Party would “reform” the Bank of Spain to bolster transparency if elected on Nov. 20, the party’s parliamentary spokeswoman Soraya Saenz de Santamaria said.

“The Bank of Spain has to take responsibility for what happened,” she told a conference today in Madrid. “We need a reform of supervisory and regulatory bodies,” including the central bank, which regulates lenders, she said.

A spokesman for the Bank of Spain declined to comment on the comments.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net


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