Royal Decree (“RD”) 11/2010, modifying the Spanish Saving Banks Act (“LORCA”), which was published last week, implies changes for these special banking institutions. The changes range from the structure of their governing bodies to the possibility to issue shares (cuotas participativas). Banking and insurance experts at Cuatrecasas, Gonçalves Pereira have analyzed the effects of the RD 11/2010 on savings banks and will gladly answer your questions.

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