Changes in the Spanish banking regulatory environment: prospective market impact

Londres, 17 de septiembre de 2009

Agenda

The Spanish banking regulatory environment experienced significant changes towards the end of the second quarter. The government approved the long-expected regulation of the new Banking Restructuring Fund, which the parliament endorsed, and which is said to contain the 'roadmap' for restructuring the Spanish financial sector. Also, Banco de España, in a supervisory decision, eased its criteria on provisioning. Although the two measures are different in scope and relevance, together they suggest how Spanish financial authorities plan to manage what is expected to be a major change in the shape and dimension of the country's banking sector...

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