It is indispensable that independent directors hold the majority of seats on these companies’ boards. By the autumn, using our powers, we will adopt measures to separate the running of bank-controlled asset management companies more completely from that of the banking group to which they belong, by clarifying the limits and purposes of the parent company’s powers of guidance.
Lastly, and I come to the hardest task, it is necessary to upgrade the manner in which financial products are offered to investors, in order to realize in full the principle contained in the Consolidated Law on Finance that intermediaries must act in the customer’s interest.