Spanish court to investigate SRB and Deloitte roles in Popular resolution

Espagne
On the 11.05.19 at 7:48AM
Sources
El Confidencial
According to Spanish newspaper El Confidencial, the National Audience has initiated a preliminary investigation to assess roles of audit firm Deloitte Belgium and of the Single Resolution Board in the resolution of Banco Popular in June 2017.

The Banco Popular case is far from over in Spanish and European courts. Some 305,000 investors had lost €2.03bn in the sale of Banco Popular for €1 to Santander via the Single Resolution Board mechanism in June 2017.

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