Regulatory Alerts2010-12-22
Circular 9/2010 of the Bank of Spain amending Circular 3/2008 on the determination and control of minimum own funds for credit institutions
The Bank of Spain issued Circular 9/2010 to transpose European Commission Directives 2009/27/EC and 2009/83/EC regarding technical risk management provisions into Spanish banking regulation. The circular updates Circular 3/2008 by refining capital calculation methods, adjusting deductions for own shares, and clarifying rules for consolidated groups and large exposures. Additionally, it incorporates a non-binding guide on liquidity risk and internal governance to strengthen the solidity of credit institutions pending the full transposition of Directive 2009/111/EC.
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