The new president of the CNMV (National Securities Market Commission), Rodrigo Buenaventura, has taken office this Thursday and thanked the Vice President of Economic Affairs, Nadia Calviño, that “for the first time in 32 years of history” has appointed a manager of the house to the position. “It involves launching a message of maturity from the institution,” Buenaventura said during his speech.
The new president of the Spanish markets supervisor has expressed appreciation to his predecessors and pointed out that his mandate begins in an “uncertain and stimulating” context, marked by the current pandemic and by the changes facing the financial sector .
Among them, he mentioned Brexit, the greater investment activism or the greater accountability of the listed companies, “which should be the priorities” of the agency’s actions. And for this, the strategy to be followed must be characterized by “flexibility” and adaptability. “We must anticipate the future, renouncing determinism and applying a probabilistic approach,” he assured.
The act was closed by Vice President Calvià ± o, who as soon as she began her speech made allusion to the intensity of her political week. “This is the most pleasant act of the whole week,” he assured with some irony.
His last days have been marked by disagreements with a part of the Government, specifically with the Vice President Pablo Iglesias and the rest of the members of United We Can, on account of issues such as the increase in the Interprofessional Minimum Wage (SMI).
The president of the Executive, Pedro Sánchez, he showed his public support yesterday during one of his speeches in the Congress of Deputies and defended it as one more part of the “progressive look” of this Government. Thanks to her, said Sánchez, and the German Finance Minister, Olaf Scholz, a Eurogroup agreement to finance ERTEs was possible.
In the act of this Thursday, Calvià ± o has transferred his congratulations to the pair that takes the reins of the CNMV -Buenaventura and the vice-president Montserrat MartÃnez-, and has thanked the outgoing team, with Sebastián Albella and Ana MarÃa MartÃnez- Pina at the head.
“The success of your decisions will be decisive to mark the good reaction of the markets”, Calvià ± o pointed out, while highlighting the need to put into operation new mechanisms of public-private collaboration to effectively use the European funds and address issues such as the green transition, digitization or innovation. “A revolutionary change is taking place and our institutions must adapt their analytical capacities to understand the importance of all these processes,” he pointed out.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
