Government considering placing new Financial Client Ombudsman in Madrid

this Ministry of Economy leans for today to find Madrid, the headquarters of the new Administrative Authority for the Defense of Financial Clients, was approved by the Cabinet last Tuesday. However, the final decision has not yet been made and It will depend on the parliamentary process. The bill for the creation of the new body with which the government plans to revolutionize the existing public system. resolution of claims to banks, insurance companies and investment companies.

For the purpose of decentralization The State General Administration adopted an agreement for the incentive by the Council of Ministers last February. autonomous communities, councils and town halls can apply to host headquarters government public sector organizations newly created. In fact, the processes for choosing where to place the new ones are already open. Spanish Artificial Intelligence Supervision Agency Y Spanish Space Agency.

However, this procedure does not apply to the new financial authority. “This institution, in principle, outside of this process. Processing began before the decree on the designation of venues was approved. In any case, this will be approved or implemented when the mandate is established,” he explains. Gonzalo García Andrés, Minister of State for the Economyto this newspaper. Thus, last March’s Royal Decree laying down the procedure for selecting venues already stipulated that it “does not apply to entities whose creation is predetermined”. authorized or planned according to a norm of legal rank” pre-.

250 employees

financial client ombudsman undertake allegations so far Bank of SpainNational Exchange Commission (CNMV) and General Directorate Insurance and Pension Fundsthey are all located in Madrid and aim to take over part of the region. 250 employees Government estimates that you will need available demand services from three auditors sectoral. The first two of these institutions, to be precise, unwillingness to the new Authority and home doubts this is their Authorities want to participate to the new organism. The economy does not believe that there will be difficulties. “there will be no problem It makes sense to recruit professionals who will come in part from auditors,” says García Andrés.

Vice President Nadia Calviño’s number two is, reject any fear to which courts As this newspaper announced, banks may question the new authority, even though they find some fundamental aspects of the new authority “unconstitutional.” “We also considered precedents in other industries and different opinions specialist organizations. I think the report Council of State approved that all the studies carried out in these aspects are sound and therefore, the project is solid It will be dealt with from a legal point of view and will allow the creation and use of authority. work fast“, he argues.

CHANGES IN TGNA

Indeed, the government approved the bill. without consultation It’s something the General Assembly for the Judiciary (CGPJ) allows the law to do when judges fail to publish the governing body report within set deadlines. In principle, the CGPJ does not plan to present the issue to its plenary session until at least December, and the ministry open to do Changes inside parliamentary procedure when you get it “We will read Attention CGPJ’s report and, if any, they can improve itWe would try to get groups to take that into account,” says the Foreign Minister.

Why does García Andrés also explain Economics? did not participate request Economic and Social Council The government’s advisory body on socioeconomic and labor issues (CES) states that the views of the competent authority are binding on any amount requested and not only up to 20,000 Euros: “ the vast majority your claims less than to this amount and it seemed to us good balance“.

The ministry did not take into account the request of CES. Remove fines of up to 500 euros for customers those who openly made multiple requests over the course of six months unfounded and unacceptable. “It is very important given the possibility of it happening. some strategic use from the allegations, there responsibility by customers who complain. We’ll probably see it later in practice will not be relevant authority is in its activity,” he continues.

Source: Informacion

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