Bank of Spain Inspectors Criticize Management, Economista Says

Inspectors at the Bank of Spain criticized the regulator’s management after supervisors’ reports on banks were toned down by their superiors, El Economista said, citing a statement from the inspectors.

A spokesman at the Bank of Spain had no comment on the report. Banking supervision is the result of team-work and follows strict technical criteria, said the spokesman, who declined to be named in line with policy.

To contact the reporter on this story: Emma Ross-Thomas in Madrid at erossthomas@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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