Bank of Portugal considers conflict of interest

Bank of Portugal

The Bank of Portugal has set up a working group to analyse whether conflicts of interest arise when board members hold shares in banks the institution supervises.

The existence of the group was confirmed by a central bank spokesperson, following local media reports suggesting António Varela, appointed to the board in September, has shares in several Portuguese banks and other listed Portuguese companies, acquired before joining the institution.

This matter is one of several the working group wil

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