El blog de Maria

 Moody's views positively the new Savings Banks Act prepared by the Government, especially because it limits the presence of politicians at the controls of these entities.

 The rating agency notes that the interference of politicians were among the main causes that led to the bankruptcy system savings banks in Spain. So, is pleased that the new regulation, a draft of which has been subject to public consultation by the Ministry of Economy, seeks to reduce political influence over these entities.

“(…) it will improve the governance of the Saving Banks, as many of them went bankrupt as a result of political interference in the decision-making structure! Said Moody´s to Europa Press.

Keep going ahead!

"Sierra de Grazalema", cadiz, South of Spain, by Senderismo Sermar, at flickr.com