Argentina probes banks on bonds and put options

Once the banks respond to the central bank’s inquiries, the findings may be sent to CNV, which would then decide on the next steps. — Bloomberg

BUENOS AIRES: Argentina’s central bank and regulators are looking into at least three of the nation’s banks for potential irregularities in transactions with government bonds and put options.

In addition to a probe into Banco Galicia y Buenos Aires SAU, Argentina’s largest private lender, which was made public by local regulator CNV on April 29, the central bank has sent email inquiries to at least two others: Banco Bilbao Vizcaya Argentaria SA (BBVA) and Banco Supervielle SA, according to people with direct knowledge of the matter.