Former IMF chief blames Bank of Spain in Bankia case

Bank of Spain
Luis García

The former board at Bankia followed the instructions of the Bank of Spain in the merger and failed initial public offering (IPO) of the institution, said former bank chairman Rodrigo Rato on December 8. 

Rato, a former managing director of the International Monetary Fund, testified before Spanish courts during a trial in which he is accused of fraud, alongside three other former board members.

Rato argued his board always followed the guidance provided by the central bank, led by the then

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: