Competition Authority president tipped for CMVM

 In News, Regulators and Supervisors

The President of Portugal’s competition authority AdC is tipped to head the stock market regulator CMVM.

Margaret Matos Rosa could replace the current head of the CMVM, Gabriel Bernardino after it emerged that the Portuguese finance minister, Fernando Medina wants to find candidates to head the supervisory bodies under his ministry’s supervision as quickly as possible.
The most urgent one is the replacement of Gabriel Bernardino at the Portuguese Securities Market Commission who had had to stand down on health grounds.
The market regulator currently does not have a president and as one of the most important entities in the system, the minister of Finance sees an appointment as a priority.
Margarida Matos Rosa has been at the helm of the Competition Authority since 2016. The ex-Secretary of State for the Treasury and President of Parpública Miguel Cruz is said to have been offered the post, but turned it down according to Jornal Económico.