Spain's attorney general said he will ask the Bank
of Spain to corroborate a newspaper report critical of its handling
of the country's financial crisis published on Wednesday.
The daily El Pais reported that the central bank's own inspectors have accused it of not pursuing evidence of illegal practices, of tampering with reports and of lacking transparency in its decision-making.
Such shortcomings prevented the Bank of Spain from detecting problems at troubled banks and from acting efficiently against the financial crisis, El Pais said.
Attorney General Eduardo Torres-Dulce said that if prosecutors detected criminal evidence, they would "act accordingly."
The Bank of Spain on Tuesday announced a reform of its bank supervision rules. New measures will include on-site inspections of banks.
The collapse of Spain's property market in 2008 left banks burdened with toxic real estate assets. The eurozone recently agreed to prop up Spain's banking sector with about 40 billion euros (52 billion dollars) in aid.
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Missouri GM Plant Adding 750 jobs
- Cool Features on Today's New iOS 8
- Toxic Algae Threatens Florida Fishing, Tourism
- Family Dollar Spurning Bid From Dollar General
- Kohl's Hiring 67,000 for the Holidays
- Poverty Rate Drops for First Time Since 2006