Bank of Portugal looks set to audit banks' conduct
Analyst suggests audits should become part of routine supervision
The Bank of Portugal plans to audit the conduct of the country's banks to prevent more cases like Banco Espírito Santo (BES), whose financial difficulties resulted in central bank intervention, from surfacing.
These will mainly focus on the institutions' governance models and should become part of routine supervision, Centralbanking.com understands, though the Bank of Portugal has yet to confirm any of the details.
In its latest financial stability report, published on Wednesday, the central
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