Spain’s new CNMV board, headed up by Sebastián Albella, has embarked on a big reform drive, implementing a whole range of initiatives, to make the Spanish financial market more trustworthy.
OHL will more than quadruple its Ebitda to 1.009 billion euros in 2017, increasing sales by 30% to 5.027 billion from a year earlier, according to estimates prepared by the company for its Investor Day and sent to the Stock Market Regulator (CNMV).
The appointment of Sebastián Abella and Ana Martínez-Pina as the chairman and deputy chairman of the CNMV has caused some controversy, revealing the confusion there is over what profile candidates for heading up any institution should have. You can choose people who are totally uncontaminated to lead any organisation, without having any link to its activities. But an increasingly more complex financial and stock market environment requires experienced professionals, not rookies.
LONDON | Will we witness an official reaction this May after having appeared the first signs of what could become the European Lehman-esque virus? According to the latest Financial Stability Forum’s special report, “the recent rapid growth and innovation in the markets of exchange-traded funds warrants increased attention by regulatory and supervisory authorities, as well as by the exchange-traded fund industry including providers, market-makers and investors.”
LONDON | Will we witness an official reaction this May after having appeared the first signs of what could become the European Lehman-esque virus? According to the latest Financial Stability Forum’s special report, “the recent rapid growth and innovation in the markets of exchange-traded funds warrants increased attention by regulatory and supervisory authorities, as well as by the exchange-traded fund industry including providers, market-makers and investors.”