Publications

Law 9/2012, of November 14, 2012, on the restructuring and resolution of credit institution, and Royal Decree 1559/2012, of November 15, 2012, establishing the legal regime for the asset management companies

1. Introduction

2. Asset Management Companies (AMCs)
2.1 Objectives of AMCs
2.2 Assets qualifying for transfer to an AMC
2.3 Valuation adjustments prior to transfer
2.4 Transfer value of assets
2.5 Asset transfer regime
2.6 Penalty regime
2.7 Supervisory regime

3. SAREB
3.1 Purpose and duration
3.2 Size
3.3 Capital and shareholders
3.4 Governing bodies
3.5 Transparency
3.6 Monitoring Committee
3.7 Assets to be transferred to the SAREB

4. Bank asset funds

5. Tax implications of asset and liability transfers in which the SAREB or the bank asset funds take part

6. Amendment to Law 2/2012, on the General State Budget for 2012