Regulatory Alerts2015-02-14
Royal Decree 84/2015 of 13 February developing Law 10/2014 on the regulation, supervision and solvency of credit institutions
The Spanish Ministry of Economy and Competitiveness issued Royal Decree 84/2015 to fully develop Law 10/2014 and transpose EU directives regarding the authorization, governance, and prudential supervision of credit institutions. The decree establishes detailed requirements for bank licensing, significant shareholdings, senior management fitness, and corporate governance, while integrating the Single Supervisory Mechanism into Spanish law. It further defines capital buffer obligations, risk management procedures, and the specific supervisory roles of the Bank of Spain and the European Central Bank.
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