The government wants to set up a "period of disgust" for financial supervisors

In the near future, the government wants financial supervisors – members of the Boards of Directors of the Bank of Portugal, the Securities Commission (CMVM) and the Supervisory Authority funds Insurance and Retirement (ASF) newspaper "Jornal de Negócios" reported on Tuesday

The diploma chapter that will reform financial supervision on incompatibilities and incompatibilities will be the subject of a "period of disgust" both at the entrance and at the end of the term. According to the changes contemplated in the document, any former employee of a financial supervisory body will not be able to decide or decide anything about the entities.

with whom they had a relationship or a contractual relationship during the three years preceding the beginning of their mandate. The same is true for the two years following the end of their duties.

According to the "Business", there are still some details to fix in the diploma; However, it should be completed by next week. The diploma in question also provides that the new rules do not yet apply to current mandates.