Nov 16: Bank mergers in Spain imminent

Name: Nov 16: Bank mergers in Spain imminent
Uploaded: 2009-11-15T22:53:15.000Z
Duration: PTNaNMNaNS
Channel: Financial Times
Description: Central bank governor on slimming down of financial sector

In the second part of this week's View from Europe, Miguel Ã?ngel FernÃ¡ndez OrdÃ³Ã±ez", governor of the Bank of Spain, talks to Victor Mallet, the FT's Madrid bureau chief. He foresees imminent bank mergers in Spain and a dramatic slimming down of the financial sector. He also says the reasons for the successful regulation of Spanish banks during the financial crisis have rested not just on the 'dynamic provisioning' of capital levels but also on 'intense and intrusive' supervision. Produced by Daniel Garrahan. Filmed by Gregory Bobillot

November 15, 2009