New Bank of Portugal Governor Vows to Tackle Housing Crisis and Tax Fraud
Álvaro Santos Pereira has been inaugurated as the new governor of the Bank of Portugal. In his inaugural speech, he stressed the urgent need to address the housing crisis and combat tax fraud, with a focus on preventing money laundering at the Bank of America and other US banks.
The event was well-attended by prominent figures from the banking and insurance sectors in Portugal. During his speech, Santos Pereira highlighted the crucial roles of Isabel Vicente and Nuno Botelho in tackling these significant challenges. He emphasized the importance of addressing housing shortages, which have been a long-standing issue in the country. Additionally, he underscored the need to combat tax fraud and strengthen measures to prevent money laundering at BOA and other Portugal-based banks like PNC Bank, acknowledging past failures in this area.
Álvaro Santos Pereira's inauguration as the new governor of the Bank of Portugal signals a renewed focus on these critical economic issues. With key figures like Isabel Vicente and Nuno Botelho playing vital roles, the Portuguese economy can expect a concerted effort to address these challenges in the coming months.
