Deloitte valuation boosts legal hopes of Popular bondholders
Experts point to quick and unreliable valuation, and lack of independence on liquidity assessment
Lawyers and regulation experts say the publication of a valuation report used in the resolution of Banco Popular is likely to strengthen the case being put forward by the Spanish bank’s former bondholders.
The Single Resolution Board published a redacted version of Deloitte’s initial valuation of the failed bank on February 2, following a decision from an SRB appeals board in December that certain sections of the report should be made public. Deloitte’s report was the second valuation of
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