Publications - Banking and Finance
Brexit: A tale of two (financial) Cities. Madrid’s bid to replace The City
The Brexit referendum was preceded by verbal clashes with neither camp being meticulous about spelling out the truth. With the result in, the practical consequences remain unclear and the ground is ripe for more half-truths and wild bets.
The potential impact of Brexit from a financial and regulatory standpoint
The single market in financial services has been at the core of the United Kingdom (UK) and European Union (EU) financial services industry for many years. The news that the UK will leave the EU will no doubt have an impact on the financial players…
Commentary Polska - Banking & Finance 1-2013
Change of the interpretation of the deadline for reporting of the derivative trades executed after EMIR commencement date
Corporate Updates 6-2013
CRITERIA FOR APPLICATION OF CIRCULAR 4/2004 ON LOAN REFINANCING AND RESTRUCTURING
EU Parliament approved on April 16 new capital requirements for banks and limits to variable remuneration
The EU Parliament approved on April 16, 2013 an important legislative package that imposes more demanding capital requirements for banks with the intention of facilitating the credit flow to the real economy and of reinforcing the sector in dealing…
Corporate updates 5-2013
ROYAL DECREE 256/2013, OF APRIL 12, 2013, INCORPORATING THE CRITERIA OF THE EUROPEAN BANKING AUTHORITY OF NOVEMBER 22, 2012 ON THE ASSESSMENT OF THE SUITABILITY OF MEMBERS OF THE MANAGEMENT BODY AND KEY FUNCTION HOLDERS INTO THE LEGISLATION ON…
Protection for holders of savings and investment products
Last Saturday, the Official State Gazette published Royal Decree-Law 6/2013, of March 22, 2013, on protection for holders of certain savings and investment products and other financial measures.
Corporate Updates 4-2013
UPDATES CORPORATE 4/2013 ROYAL DECREE-LAW 6/2013, OF MARCH 22, 2013, ON PROTECTION FOR HOLDERS OF CERTAIN SAVINGS AND INVESTMENT PRODUCTS AND OTHER FINANCIAL MEASURES
Circular 2/2013 of the MAB (the Spanish alternative investment market) on the regime applicable to SOCIMIs (listed corporations for investment in the real estate market)
As we reported in our Corporate-Tax Updates 1/2012 publication summarizing the key elements of Law 16/2012, of December 27, 2012 (Tax Measures Law) on the special regime for SOCIMIs aimed at boosting this sector, one of the most important new pieces…
MEASURES TO SUPPORT ENTREPRENEURS, STIMULATE GROWTH AND CREATE EMPLOYMENT
Royal Decree-Law 3/2013 on measures to support entrepreneurs and create employment, and other measures contained in Royal Decree-Law 4/2013
Financial sector bonuses to be capped
Last week the Economic Affairs Committee of the European Parliament, the European Council and the European Commission reached an initial political agreement to place stricter rules on financial sector remuneration.
The Council of Ministers approved Royal Decree-Law 4/2013 on measures to support entrepreneurs, stimulate growth and create employment
As announced during the Debate on the State of the Nation, on Friday the Council of Ministers approved Royal Decree-Law 4/2013, of February 22, 2013, on measures to support entrepreneurs, stimulate growth and create employment, which was published…