Mário Centeno is stepping down as the Governor of the Bank of Portugal. In a significant move, the Portuguese government has named Álvaro Santos Pereira, currently the chief economist at the OECD, as his successor. Additionally, Gabriel Bernardino, a former European supervisor, is set to lead the Insurance and Pension Funds Supervisory Authority (ASF).
This transition marks a pivotal moment for Portugal's financial regulatory framework, with both appointments expected to bring fresh perspectives to their respective roles. However, the changes will not take effect immediately, leaving room for a smooth handover process.
The Bank of Portugal, a key institution in the nation's financial system.
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