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Bank of Spain Inspectors Criticize Management, Economista Says

Oct. 26 (Bloomberg) -- 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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