João de Mascarenhas, Lawyer of the Criminal Department of CCA ONTIER, writes an opinion article for Iberian Lawyer on the latest sanctions to encourage transparency in the banking sector, as well as the case of BES group that led to changes in the Securities Code. ’The main aim of this reform is to restore investors’ confidence on the banking industry, as the major priority set by the regulatory authorities is to ensure information transparency in the sector. Moreover, and in accordance with what seems to be this reform’s main concerns, the avoidance of fraudulent conduct is crucially dependent on a preventive culture within financial institutions.’
Read the article here.
