スペインの銀行再編基金FROB(Fondo de reestructuracion Ordenada Bancaria)の会長のAntonio Carrascosa (Madrid, 1958)は、不良債権(貸し倒れ)で破綻した銀行や信用金庫の損失額は、銀行を売却するまで分らないと
ANTONIO CARRASCOSA | Director general del Fondo de Reestructuración
“El FROB investigará operaciones sospechosas para detectar fraudes”
Antonio Carrascosa, que lleva seis meses al frente del Fondo de Reestructuración Ordenada Bancaria, considera que “no se sabrá lo perdido en la banca hasta que no se vendan las entidades”
Íñigo de Barrón Madrid 10 MAR 2013 - 00:49 CET
Antonio Carrascosa | CEO Restructuring Fund
"The FROB investigate suspicious transactions to detect fraud"
Antonio Carrascosa, who spent six months at the helm of the Bank Restructuring Fund, believes that "the losses will not be known until the banking institutions are not sold"
Barron Íñigo Madrid 10 MAR 2013 - 00:49 CET
Antonio Carrascosa (Madrid, 1958) spent six months at the helm of the Fund for Orderly Bank Restructuring (FROB), the bailout fund that Spain established in June 2009, many months later than other European countries. The FROB is one of the best tests of slow reflexes with which the Spanish authorities faced this crisis. Carrascosa opens new headquarters in the financial heart of Madrid. From his office in the north, you can see the skyscrapers of Bankia. To the south, is the tower of the BBVA, two entities with which the tune is very different: heat and cold.
Question. How lost citizens and the state in the banking crisis?
Response. The State loses only when you sell an investment entity and does not recover its investment. This means that so far only the amount injected into Banco de Valencia [nearly 6,000 million] can be written off. In other sales, the amounts invested have been recovered by the contribution of the financial sector through the Deposit Guarantee Fund (eg, CAM or Unnim).
P. Why has accused 32.000 million deficit, ie loss of state aid for banks?
R. One thing is that an operation is deficit and another is to consider that the state has lost money on an investment. It is recorded as deficit makes up the equity of an entity. You can also register as an operation deficit when deemed unrecoverable. For losses, expect the sale of the entities.
P. What part of the 22,465,000 stuck in Bankia to retrieve?
R. It depends on how the financial situation in Spain and Europe in five years. We will try to get the most and good management is key to achieving this.
P. By Banco Gallego, which is on sale, three bids have come. Receiving money for the company?
R. Yes, a slightly positive value.
P. Is corruption and scandals have helped the markets closed in February?
R. Corruption can affect other areas. The hardening of the markets has more to do with the Italian elections.
P. There are seven entities invested by the judges. Are the operations of Banco de Valencia and CAM that have been sent to the criminal prosecution will?
R. They are criminal cases, there is evidence of criminal conduct, commission of crimes.
P. How is it possible that all these crimes might be committed in institutions supervised by the Bank of Spain?
R. We acted as we have seen strong potential crimes and will continue. The FROB approved a fraud detection protocol in entities in which it holds a majority stake in its capital by external specialists. So far, this protocol was applied to entities in which the FROB was interim administrator. The protocol includes a typology of "suspicious transactions" to be investigated.
P. In the last letter of the Hearing FROB Bankia seems that the Fund, representing taxpayers lose billions in the bank, defends the accused.
R. No. What I said is that there is no reason to apply for judicial intervention Bankia. The evidence of a crime he saw the plaintiff not been found so far.
P. Is it justified the attack in that letter to UPyD and "politicization of the case"?
R. The shape of the letter was clearly improved.
P. As is the writing, is it a letter of defense for all 33 defendants?
R. It has that purpose.
P. Does the fact that the Bank of Valencia is valued at one euro cent per share is a precedent for Bankia?
R. Yes it is a referral. The value set by Brussels will be minimal, his heritage is negative.
P. Does the Deposit Insurance Fund will be a market for shares and Novagalicia CatalunyaBanc?
R. It can be a good way to relieve tight liquidity to those shareholders, but not yet approved.
P. Was it a disappointment that no one has paid for CatalunyaBanc, an entity with 12,048,000 of public money?
R. Fell within the provisions. We said that if they were not profitable deals not sell.
P. Close the auction? False image will cost?
R. Every action has its cost and risk, but doing nothing also has costs. The deadline to sell it until 2016, with less cost to the taxpayer.
P. Why not apply the same criteria to the Bank of Valencia which sold for one euro after injecting nearly 6,000 million taxpayers?
R. Because the Bank of Valencia had to sell it fast. Brussels was not considered viable and had problems with the ECB. The alternative was liquidation, which was more expensive.
P. Did you have a problem because the ECB did not accept assets as collateral to give credit?
R. Yes, the same day he sold the entity ceased to go to the ECB.
P. How is it possible that he had a bank balance 20,000 million have lost nearly 6,000 million taxpayers? It is unique in Europe.
R. The settlement was more expensive.
P. Was it a way to help the buyer, La Caixa?
R. No. The Caixa made the best offer and took it.
P. Will there be a holding company with three nationalized, Bankia, and Novagalicia CatalunyaBanc?
R. Analyze alternatives with international external consultant for return on investment.
P. Will there be joint action to boost trade credit, the state now controls 15% of the market?
R. We will study this coordination and synergies that can occur. It's urgent. We must stabilize the nationalized entities, which in some cases have slight loss of deposits.
P. Will the engine be nationalized entities loans?
R. After the restructuring, will meet the demand for credit, which always comes after the economic recovery. Reforms need to be continued for the economy to recover and, at that time, appears effective demand.
P. The bad bank is born surrounded by controversy. Is it too complex to manage 89,000 homes and 13 million meters of soil?
R. We went fast. Nowhere in the world has created a bad bank in four months.
P. Is there a conflict of interest between shareholders, private banking, you will not want to lower prices, and the bad bank, which is forced to sell even lowering prices?
R. No, because if the bad bank assets sold will be a sign of market recovery and benefit entities.
P. Will you sell assets below the price at which you purchased?
R. Yes, although it may have losses that are not covered with the 5,000 million equity. If this happens, it could be considered a public entity.
P. After entering the partners have made a new business plan. Have you put money blindly?
R. No, because we do not anticipate significant changes to the new initial plan. There will not be that bad recapitalize the bank in the coming years.
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