Garrigues

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Publications - Banking and Finance

  • The challenges of European AI regulation for the financial sector

    Artificial intelligence has enormous potential for financial institutions. Therefore, in addressing its regulation, the aim is to provide a framework of legal certainty to facilitate its adoption and also to address the challenges and risks for the…

  • NPLs and REOs in Spain, Portugal and LatAm: more securitizations and transactions in Southern Europe

    NPL transactions continued in the first quarter of 2022. Spain and Portugal were the most active jurisdictions with our Madrid, Barcelona and Lisbon offices playing a leading role.

  • NPL and REO transactions continue to take off in Latam, Spain and Portugal

    NPL transactions continued to take off in the third quarter of 2021. A growing interest in NPL securitizations has been perceived, especially in Spain. In Europe, meanwhile, talks continue on two key topics: the draft directive on credit purchasers…

  • NPLs and REOs: LatAm, Spain and Portugal wake up to debt market new normal

    Transactions with non-performing loans (NPLs) started to take off in the second quarter of 2021, especially in Spain and Portugal. The gradual fading in continental Europe of the health impact of COVID-19, combined with the progress made in…

  • A digital euro: what is it and what consequences could it have?

    The European Central Bank (ECB) plans to announce shortly whether it will launch a design and creation project for a digital euro, something which, as the institution itself has said, would have an immense impact. We need to know therefore what the…

  • NPLs and REOs in Latin America, Spain and Portugal: 2021, a year of transition for debt markets

    Debt markets continue to feel the calming — even sedative — effects of the battery of support measures rolled out to counteract the decline in business activity due to the effects of COVID-19. Jumbo deals involving non-performing loans (…

  • Regulatory news in Brazil's financial and payment systems foster competition and financial innovation

  • Cross-border bank mergers in Europe (and III): Approvals and transactions in stages

    Las fusiones bancarias transfronterizas han vuelto a estar de actualidad en la Unión Europea, animadas por los propios supervisores. En este tercer y último artículo de la serie analizamos el régimen de autorizaciones, el carácter probablemente…

  • Cross-border bank mergers in Europe (II): The unique peculiar features of the law in each country

    Keeping our legal sight on the obstacles or difficulties for cross-border mergers which we started looking at in the previous article in this series, we cannot overlook that the laws of every state retain their own peculiar characteristics, a…

  • Cross-border bank mergers in Europe (I): Why are they not here yet?

    There has been much talk about cross-border bank mergers in Europe, but so far none have happened or appear to be imminent. A few years ago Garrigues recommended that banks watch out for them in the future. Now the European supervisors are…

  • NPLs: Portfolio deals will increase due to COVID-19

    In the wave of the COVID-19 pandemic, there has been a significant increase in debt held by both consumers and companies. Over the coming years, we expect to see a large number of debt and distressed asset deals. In this viewpoint, Garrigues…

  • Financing of startups in times of COVID-19: what public aid are they eligible for in Portugal?

    In the current situation, obtaining finance can be key for many startups, both to cover cash needs and to be able to implement new growth projects. Therefore, it is essential to identify the public or private aid which is available to entrepreneurs…