This parliamentary groups given time two weeks To try clear processing the invoice creating New Financial Client Defense OfficerThe government intends to revolutionize this system. demand solution with banks, insurers and investment firms, as confirmed by parliamentary sources. The aim is to circumnavigate risk that project rot With the end of the legislature, it is expected that the companies and auditors that will be affected will be in their fields. As this paper reveals, Bank of Spain like bank employers AEB and CECA they pronounced strongly against new institution in the reports they send Ministry of Economy before its final approval by the Council of Ministers last year.
Definitely, the vice president of economics, Nadia KalvinoTwice in the past week, he has publicly appealed to parliamentary groups: expedited processing your project. The government’s number two attributed its claim to the fact that the new authority could: “Audit” eligibility by banks between good practice codesrecently expanded to restructure mortgage loans for vulnerable customers. “According to me we can’t play the game for those who want have this invoice jam In Parliament”, he claimed in Congress a few days ago.
The new body will settle the allegations so far submitted to the Court. Bank of Spain, CNMV and General Directorate of Insurance and Ministry of Economy Pension Funds. The department headed by Calviño has determined that its decisions are binding on organizations (not customers) when the amount requested does not exceed: 20.000 €. It represents the most far-reaching change since the views of the three industry auditors. not required, which causes them to be overlooked at high rates by assets. Economics has also determined that companies finance proportion organism 250 Euros per request is free for customers.
urgent action
HE term groups to submit their suggestions. Changes The government project, which ended in principle on February 6, changed directions, but elongated three times already, until this Wednesday. However, parliamentary sources explain that the idea is to re-expand it. two more weeks, but in principle no longer exists. WITH early March would constitute presentation Economic Commission to prepare report with changes that arouse sufficient support. Afterwards, the said report and other amendments (unless it is desired to be discussed at the plenary meeting) will be voted on by the Commission. If any changes as a whole are submitted as much as possible, the process will be delayed by a week. Under these conditions, the project may deviate from its course. to the senate principally April or MayIf it has been the subject of any amendments in the upper house, then return it to Congress for final approval. The Government, who made a request a few weeks ago, urgent actiontrust it will get the last green light before summerdespite being aware risk of delay.
This Tuesday, three days to be exact appearances The groups were asked to take their final positions. On the government side, Minister of State for the EconomyGonzalo García Andrés argued that “urgent” authority begins to operate. “We are in such a situation that reputation And perception what citizens and customers have about financial institutions there is still a problem in many areas, in some drifting cases the past has to do with the fact that there are still elements of preservation in others, however. they have to develop“, he argued.
Reputation and rate increase
Calviño’s number two on these lines, “coup about their families” rate increases will produce “more attention” on the relationship between organizations and customers, as highlighted by “citizen concern” with financial participation in areas such as older and rural customers, where it is “very important” to check that banks are meeting their commitments made last year. “Assets have doubts and annoyances some areas are related to this project, but this project is also It will be good for institutions“It will reduce litigation and transaction costs and help them build better relationships with customers.”
Some parliamentary groups (PP, VOX, C’s, PNV and PdeCat) perspectives of the project most criticized By the Bank of Spain and banks made in recent months “lobby” to defend their positions and interests. Specifically, they questioned: rate of 250 euros per claim that businesses will have to pay. García Andrés, in this sense, free for customer According to the claim that it is the “basic element” of the project and it is expected to receive (approximately 100,000) per year, the amount to cover the maintenance costs of the administration is calculated, but it is also left open to variability. the amount in question depends on the costs that the organization actually had when it started operating.