Montepio goes to the insurance regulator. Tomás Correia under pressure



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A week after the elections for the leadership of the Montepio Geral mutual association, scheduled for December 7, the joint dispatch of the Minister of Finance, Mário Centeno, and the Minister of Labor, Solidarity and Social Security , José Vieira da Silva, now the association under the authority of the supervisory authority of insurance and pension funds.

Which means that the rules of eligibility for those who will win next week's elections will be more stringent. If Tomás Correia is re-elected, these new rules may be particularly relevant and, in the limit, prevent him from taking office. Indeed, several cases of the type counter-order (Banco de Portugal) but also criminal (parquet) concern Tomás Correia.

According to the legislation, as part of the assessment of fitness, "the accusation, the pronouncement or the conviction, in Portugal or abroad, of crimes against property, falsification and falsification, crimes against the execution of justice, crimes of public functions, tax offenses, offenses specifically related to the exercise of a financial activity and the use of means of payment, as well as offenses provided for by the Companies Code "are crucial for the regulator's decision.

A transition period of 12 years is foreseen for the application of the new mutual association control rules, but in the case of the aptitude assessment, the application should be immediate. An interpretation with which, however, Tomás Correia does not agree. And he insists that current investigations do not bother him: "I do not really mind at all, and I reaffirm my total assurance on these matters." He added that "I have no limit." Insiders at the legal interfering understand what I'm saying. "

The candidates in the running, António Ribeiro Mendes (list B) and António Godinho (list C), believe that in the light of the new rules, Tomás Correia will have difficulties to obtain the green light of the regulator to occupy the direction of the # 39; Association.

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