The president of the Supervisory Board of the European Central Bank (ECB), Andrea Enria, regrets that the tax that the government wants to apply to Spanish banks is based on income, without considering, for example, that the institutions have to make provisions.
Although the ECB does not yet have an official opinion on the matter, as it has yet to issue an opinion on this legislative proposal, Enria gives his impression in an interview published by the ECB itself on the occasion of the annual meeting of the Institute of International Finance.
Moreover, he goes so far as to consider that this type of tax, “in terms of incentives”, is not entirely correct and adds that he hopes that banks will now begin to re-evaluate the need to set aside provisions for their loan portfolios.
