The administrator leaves the Bank of Portugal Luis Laginha de Sousa, who assumes the presidency of the CMVM, as previously reported. Also from the banking supervisor comes Inês Drummond, who was deputy director of the Department of Financial Stability and becomes vice president of the CMVM. In the opposite direction, Rui Pintowho was one of the directors of the CMVM, becomes director of the Banco de Portugal.

These are some of the names of the “dance of chairs” that the Ministry of Finance confirmed this Friday, in a statement describing how the Government decided to fill the vacancies in the direction of the Portuguese financial regulators.

bank of portugal

For the administration of the Bank of Portugal, the news that she will be deputy governor was confirmed Clara Raposo, current president of ISEG Lisboa School of Economics. Secondly, Luis Maximo dos Santos must be reelected.

But they were also appointed administrators Francisca Guedes de Oliveira, professor at the Porto Catholic Business School; Y Helena Maria de Almeida Martins Adegas, current director of the Markets Department of the Bank of Portugal. then join Rui Miguel Correia Pintocurrent director of the Securities Market Commission whose mandate ends this year and who precisely this week spoke at a CMVM event in Lisbon, before Fernando Medina.

“Once appointed in their respective functions, they will join the governor mario rye and to the administrator Helder Rosalino“, indicates the Government.

CMVM

By the capital market supervisor, he was appointed president Luis Laginha de Sousaformer president of Euronext Lisbon and current director of the Bank of Portugal.

“Luís Laginha de Sousa will replace and thus complete the mandate of Gabriel Bernardino, who resigned for health reasons after four months in office”, says the Bank of Portugal, emphasizing that it is a replacement and not a new mandate, which is relevant because if the entry of Laginha de Sousa were a new mandate, it would have to be another person, a woman, taking into account the alternation provided for by law.

Also for the administration of the CMVM, which has been functioning poorly in recent years, “they were appointed Inês Drummondcurrent deputy director of the Financial Stability Department of the Banco de Portugal, who will assume the vice presidency of the institution; Julian Ferreira, current director of the CMVM Issuers Department; Y Teresa Maria Gilcurrent deputy director general of the Tax and Customs Authority, with responsibility for income taxes and international relations”.

These will join the admin Jose Miguel Almeida, the only one who remains in the institution. All those responsible will have a hearing in the Budget and Finance Commission of the Assembly of the Republic. “This hearing, in the case of those appointed to perform functions in the CMVM, will be preceded by opinions of the Commission for Recruitment and Selection of the Public Administration (CRESAP)”, indicates the Government.

The Government has given high priority to filling the vacancies on the boards of directors of the three regulators of the Portuguese financial system, a process that was completed in less than six months since he took office,” says the statement from Fernando Medina’s office.

“The elections presided over criteria of competence and knowledge, taking into account the objectives of renewing the boards of directors, and guaranteeing the balance between genders, ages and areas of specialization”, adds the statement, defending that “with this step the conditions are met guaranteed the regular functioning of the supervisors, which constitutes another factor of confidence for the economy and for the Portuguese financial system”.