The European Central Bank will not publish data deleted from a highly controversial report on the valuation of failed Spanish bank Banco Popular Español SA for reasons of confidentiality, Spain's Expansión reported, citing Sabine Lautenschläger, vice chair of the ECB's supervisory board.
The EU's Single Resolution Board on Feb. 2 published the report by auditors Deloitte, which made Popular's resolution and €1 firesale to Banco Santander SA possible.
"We have confidentiality obligations. We are not authorized to publish any information about an entity if we do not have permission to do so," the paper cited Lautenschläger as saying.
She said the extraordinary liquidity lines to which Banco Popular had access were the exclusive responsibility of Spanish national authorities, meaning that access to financing of last resort for the bank was a matter between the Bank of Spain and the entity itself.
