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 “A definitive solution must be found for non-viable entities based on strict economic efficiency criteria”- “A definitive solution must be found for non-viable entities based on strict economic efficiency criteria”
- April 13, 2012
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The President and COO of BBVA, Ángel Cano, stated this morning in a speech given at the XIX Encuentro del Sector Financiero ABC-Deloitte, event in Madrid, that the reform of the financial system “will help build confidence, while giving Spanish entities greater access to the capital markets, reviving the property market and accelerating the process of restructuring”.
According to Mr Cano, “for this to happen, it must be made clear which entities are not viable and a definitive solution found for this problem”. He also stressed the need to “find incentives to fuel mergers and acquisitions based on strict criteria of economic efficiency”.
During the first part of his speech, the President and COO of BBVA referred to the situation in Spain, saying that “we should be ambitious and uphold the spirit of reform although in many cases this will logically require ...
- View more at: http://www.1888pressrelease.com/-a-definitive-solution-must-be-found-for-non-viable-entities-pr-389731.html
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