Banking supervision gets leadership overhaul in Spain


The director-general of the banking supervision department at the Bank of Spain, Jerónimo Martínez Tello, resigned today (October 26). His former colleague and associate director-general for banking supervision, Fernando Vargas, also stood down but will take up the position of director in the financial institutions department at the central bank.

Martínez could not be contacted to find out the reason why he resigned. The executive commission of the central bank said it had accepted the

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