October 28, 2020

Mariano Herrera passes from being involved in the Bankia case to the new general manager of the Deposit Guarantee Fund

Mariano Herrera passes from being involved in the Bankia case to the new general manager of the Deposit Guarantee Fund



https://www.eldiario.es/economia/directivos-Banco-Espana-imputacion-Bankia_0_612089701.htmlThe Deposit Guarantee Fund for Credit Institutions has appointed Mariano Herrera García-Canturri, former Supervisor of Supervision of the Bank of Spain, as the new general manager of the fund to replace Luis Lorenzo Olmeda.

Mariano Herrera, born on February 7, 1959 in Sao Paulo (Brazil), has a degree in Law and in Economic and Business Sciences from the Pontifical University of Comillas (ICADE). He joined the Bank of Spain Inspector Body of Credit and Savings Institutions in 1986. Between 1998 and 2004, he was Group Manager in the Inspection Departments II and III of the Bank of Spain.

As of 2004, he was the executive coordinator of the Inspection Department III of the Bank of Spain and, between 2010 and 2011, of the Inspection Department I. In 2011 he was appointed general director of the Fund for Orderly Bank Restructuring (FROB), rejoining the Bank of Spain in 2012, as executive coordinator in the Inspection Department I.

In February 2017, together with two other executives of the Bank of Spain, Herrera submitted his resignation to the supervisor after the National Court summoned him to declare as investigated by the Bankia case, so that this fact did not affect the development of the supervisory functions of the Bank of Spain.

According to a statement from the Bank of Spain these executives "in their resignation letters, addressed to the Governor of the Bank of Spain, express their desire not to remain in their positions so that their summons to testify as investigated in the proceedings opened in the Audiencia Nacional, in relation to the exit of Bankia to the Stock Exchange in 2011, does not affect the development of the supervisory functions of the Bank of Spain ".

At first, the investigating judge of the Fernando Andreu case understood that there was no reason to claim these people as investigated but after being released some controversial emails in which the implication of the supervisors was seen more clearly the Audiencia has decided to give the reason to the lawyers of the defense.

Subsequently, the National Court decided that the dome of the Bank of Spain who came to be charged in the Bankia case did not answer for it in the dock of the defendants. The Criminal Chamber ratified the decision of the investigating judge and it rejected the recourse of the accusations so that a series of responsible of the Bank of Spain were judged, between which was Herrera, and the National Commission of the Market of Values ​​(CNMV).

The managing commission of the Deposit Guarantee Fund of Credit Institutions has thanked Luis Lorenzo for the services rendered, who will retire on December 27, the day on which the new appointment will take effect.

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