These reports gravely misrepresented the reality of that monitoring, explicitly discrediting Banco de Portugal's exercise of the supervisory function. As I stated in my letter to this Committee, it is my responsibility as Governor of Banco de Portugal to defend the reputation of the institution and protect public confidence in the effectiveness of banking supervision.
I see it as my duty to restore the truth behind these facts and to clarify what the reports deliberately ignore, making myself accountable to the Assembly of the Republic.