The Congress puts as an example the fall of a historic bank like the Popular, whose resolution blames mismanagement and lax supervision, compared to the good work of savings banks such as Caixabank. In this line, in the Bankia debacle the report points out “accredited practices as criminal” in the remuneration of its former directors, in reference to the cards «black », as well as a bad risk policy. The parties slip some self-criticism to their role in the formation of the bubble -such as the regulation of securitizations by the Rebuttal Letter Templates in 1992 and the subsequent liberalization of land by the PP- and “political inaction”, delay and errors of the Zapatero government when addressing the problem of boxes.
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Moreover, the report accuses him directly of not preventing the sale of preferred “even when he had contrasted information” of the problems of many entities. “It allowed the placement of small savers of complex products that finally gave rise to losses,” he says.
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That is why the main recommendations of the parties are aimed at strengthening supervision, increasing their independence and equipping them with more powerful inspectors and sanctioning instruments; review the legislation on liability and sanctions, and give greater protection to the financial consumer, all measures that now depend on the political will of the signers of the report.
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Two sides, two opposing positions and one “judge”: the World Trade Organization (WTO). The reason, the tariffs on steel (25%) and aluminum (10%) set by the United States and its consequent “revenge” on those affected, including China and the European Union.
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On November 21 the body in charge of continuing the process met and more than sparks flew among the countries involved to the point of requesting community representation a blockade of the North American country in its protectionist endeavor.
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“There had never been anything like this before in the WTO, which is a sign of the fact that the US he is quite alone in his opinion that his measures are completely acceptable and must be left alone, “argued the EU at that meeting, in a document to which ABC has had access.
The main accusation of the groups is that the supervisors, especially the Bank of Spain, did not avoid the creation of the credit and real estate bubble nor did they take measures to right the banking sector on time. “They did not face their obligations”, they denounce in the text. The governors always regretted in their appearance that the Bank of Rebuttal Letter Templates Spain had neither tools nor sufficient powers to put the bank in the way. The commission rejects that justification alleging that the legislation “gave sufficient scope” to take action and that “the supervisor followed a policy that was at least lax”.