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Posts Tagged ‘Ministry of Finance’

Cava de Burgos was now “fully satisfied” with the authorization of the Government of Castile and Leon Civic joining Bank and said that this decision “represents a major milestone in shaping the Group and facilitates the cruising speed it wants to acquire for its implementation on 1 July. “

The Ministry of Economy and Employment announced this afternoon at Burgos entity authorized to accede to the Institutional Protection System (SIP) which is part of the integration of the Group that conform Cava de Burgos, Cava Navarre and Cava Canaries.

This communication also states the need to obtain licenses from other mandatory to start the integration process must provide both the Bank of Spain and Spanish monetary authority, as the Ministry of Economy and Finance, said in a statement picked up by Europe Regional Government Press.

The authorization also involves compliance with all terms of the contract establishing the SIP. Cava de Burgos must submit periodic information for follow-up, the Ministry of Economy and Employment.

According to Europe Press reported Civic Banking sources, the Ministry of Finance also announced today the signing of the Ministerial Order authorizing the Group to operate, once it received a favorable report by the General Directorate of Treasury and Bank of Spain.

“In front are the relevant entries and other administrative processes to see Civic Banking SIP as the first bank operating in Spain, without consuming resources of Fob, launching a pioneering business model and growth and internationalization as key challenges future, “sources said

Civic Banking Group continues moving towards the beginning of its financial operations on 1 July. This afternoon, has announced the approval by the Junta de Castillo y Leon Cava de Burgos for joining the project of integration of the Civic Banking Group. In his note, the Ministry of Economy and Employment of the Junta de Castillo y Leon also stipulates the need to obtain licenses from other mandatory to start the integration process must provide both the Bank of Spain and the Spanish monetary authority and the Ministry of Economy and Finance.

It has been precisely the Ministry of Finance who is also the group announced today the signing of the Ministerial Order authorizing the Civic Banking Group to operate, once it received a favorable report by the General Directorate of Treasury and the Bank Spain.

Ahead are the relevant entries and other administrative processes to see the Civic Banking Group as the first SIP bank operating in Spain, without consuming resources of Fob, launching a pioneering business model and growth and internationalization as key challenges future?

Satisfaction. Cava de Burgos is shown fully satisfied with the decision taken by the Ministry of Economy and Employment of the Junta de Castillo y Leon, valuing hard work in recent months by the latter. For Burgos entity represents a major milestone in shaping the Civic Banking Group and cruise speed facilitates the group wants to acquire for its implementation on 1 July.

The new British government said its priority is to solve the massive financial problems. And it is the “number two” of the Ministry of Finance, the liberal David Laws, admitted this weekend that took money improperly diems and he lied to Parliament last year.

The MP and Treasury chief secretary admitted it had received more than 40,000 pounds ($ 58,000) for his second home. The house, however, belongs to her partner, a relationship that stealing from their friends and family, DPA said.

Laws had the opportunity last year to clarify this point in the investigation initiated by the Parliament by the fraud of diets in the House.

The millionaire congressional representative and former banker he had only the forward flight. Therefore, on Saturday afternoon packed his bags and left his post just three weeks after occupying it.

“I can not escape that some of what I did was wrong,” said Laws in their official explanation. “I do not know how I can do my work for the Treasury deciding if I should clarify the revelations about my private life and public,” he said, clarifying that it intended to protect your privacy.

Last year the Liberal Democrats were one of the more militant forces against fraud scandal in Parliament diets. As members of the new coalition led by the “Tory” David Cameron, the Liberal party also pledged to solve the problem.

The struggle to clear cases of fraud provided the leader of the Liberal Democrats, Nick Clegg, very popular. In numerous statements, the new “number two” of the British Government boasted that no member of his party was implicated in the scandal.

Confidence in the government team suffered its first setback Cameron. The executive sought to focus its direction on the economy, foreign policy and internal security, while calling for making the government more transparent.

“It is clearly a bitter and tragic setback (for Laws),” said Economy Minister, the conservative Vince Cable. Within 24 hours, the crisis was overcome and the replacement for Laws, up to now minister for Scotland Danny Alexander, assumed office.