Regulatory Alerts2023-06-30
Law 10/2014, of June 26, on the regulation, supervision and solvency of credit institutions. Correction of errors of Law 10/2014, of June 26
The Spanish State issued Law 10/2014 to transpose EU regulations and directives, consolidating the regulatory framework for credit institutions to ensure financial stability and align with international Basel III standards. The law designates the Bank of Spain as the primary supervisory authority, granting it powers to enforce capital adequacy, liquidity requirements, and corporate governance rules while establishing a comprehensive sanctioning regime for non-compliance. It further introduces systemic capital buffers and specific intervention measures to mitigate procyclicality and protect the broader economy from banking sector risks.
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