The Bank of Spain said on Tuesday it would open new proceedings to decide the fate of Santander Chief Executive Alfredo Saenz based on a new banking ethics law which was passed last Friday and could change how the supervisor evaluates the case.
The Bank of Spain has to decide whether Saenz, who holds a criminal conviction and could be barred from his post, is fit to continue in his role at the helm of the euro zone's biggest bank.
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The central bank also said in a statement it had dropped previous proceedings based on the old law.
(Reporting by Sarah White; Editing by Julien Toyer)