The closing of Central Bank of the Argentine Republic (BCRA) was one of the pillars of the campaign Javier Milei. However, the choice of Luis “Toto” Caputo as Economy Minister was one of the first signs that this proposal would be truncated: his appointment caused the distancing of Emilio Ocampo, who would be the executor of the elimination of the financial entity. This Friday, the future director of Central, Santiago Bausiliconfirmed the signs.
“While I am there, the Central Bank will not close“, he declared Bausili, who assured that “they will work to ensure that there is no more monetary issue.” In turn, he analyzed that “$350 is not a break-even level.“of the value of the dollar.
Interviewed by the IP channel, he maintained that “The independence of the Central Bank occurs when it does not finance the Treasury. We inherited a situation where the Central Bank already financed the Treasury. So what we have to work on is reconstitute the independence of the Central Bank“.
Finally, when asked about the revocation of your processingexecuted on the same day of his appointment before the central bank, stated that “the judicial case had its own channel, it doesn’t bother me.” “I think my innocence was clear in court.“he added.
Who is Santiago Bausili, the new director of the Central Bank
Bausili is 49 years old, he is received from the University of Saint Andrew during the 90s and attended the Cardinal Newman Collegean institution that also has Mauricio Macri already Luis “Toto” Caputo as alumni. Some time later, he would begin a 20-year path in the private sector with specialization in capital market financing and financial risk management.
He served as vice president in charge of Capital and Derivatives Markets for Argentina, Chile and Peru in it JPMorgan between 1996 and 2007, a bank where Caputo also worked between 1994 and 1998.
Then he entered the Deutsche Bank where he worked for 9 years and served as director in charge of debt management for Argentina, Chile, Colombia, Peru, Paraguay and Uruguay. Since 2013, he has carried out tasks related to investment banking in Argentina.
Bausili also has political-economic experience: he was Undersecretary of Financing in 2016 and responded to his partner and then Secretary of Finance, Luis Caputo. In January 2017, the now libertarian leader replaced Caputo in the Secretariat until the end of Macrista’s mandate, after the separation of functions of the Ministry of Economy between the Treasury and Finance portfolios.
Five days after taking office, they revoked the prosecution of Santiago Bausili
The Federal Chamberthrough the resolutions of the judges Martín Irurzun and Eduardo Farah -with dissent from Roberto Boico– On December 5, they revoked the processing of Santiago Bausilipartner of the future Minister of Economy Luis Caputo and next director of Central Bank of the Argentine Republic. Bausili was defended by the criminal lawyer Matías Cúneo Libaronabrother and part of the studio Mariano Cúneo Liberaonafuture Minister of Justice of Javier Milei.
His years in Deutsche Bank They are the ones that caused him to be prosecuted in 2021 by the federal judge Sebastian Casanello under the cover “negotiations incompatible with the exercise of public office”. Bausilisduring his management as finance secretaryhired the services of Deutsche Bank as placement manager external debt bondscausing compensation for 8.4 million dollars. At the same time, an embargo was ordered for $10 million to Bausilis.
That ruling was overturned by the judges Martín Irurzun and Eduardo Farahwho understood that there were not sufficient elements to dictate a prosecution and requested Casanello continue the investigation. In 2023, the federal judge relied on reports from the Office of Administrative Investigations (PIA) to return to prosecute Santiago Bausili.
However, three months later, the same judges Irurzun and Farah They once again considered that there was not a sufficient accusatory framework to support the prosecution of the former Secretary of Finance and they acquitted him again. The dissenting statement, by the chambermaid Roberto Boicomaintains that the evidence presented by Casanello “updates the finding of the deviation of the will of the Public Administration, thus confirming the interest evidenced by it in favor of Deutsche Bank, entity to which he was linked both personally – based on the relationship he maintained with his executives – and economically – given the shareholding that extended until August 2018 -.”
Source: Ambito
