Bank of Spain inspectors

Bank of Spain's supervisory actions

Bank of Spain Gives Itself 10 Out Of 10 For Its Supervisory Actions During The Banking Crisis

The Bank of Spain’s report on the financial and banking crisis in Spain has left the sensation that the institution, by action or by omission, has failed in its supervisory responsabilities and allowed practically all Spanish lenders to operate without any kind of control. The worst thing is that situation has continued. The bank has been the but of heavy criticism for how it acted with respect to Banco Popular’s resolution.


Daniele Nouy, Chair of the SSM Supervisory Board.

Bank of Spain Inspectors Have A Grievance Against The ECB

Everything seems to indicate that the Bank of Spain inspectors, one of the biggest elitist groups in Spain, feared even by the most powerful bankers, are not currently in a good place. The blame lies in the fact that the ECB, or rather the Single Supervisory Mechanism (SSM), has taken over the function of banking supervision. This has left the inspectors somewhat bereft of functions, workload and influence.