Regulatory Alerts2022-02-03
Circular 1/2022 of the Bank of Spain on liquidity, prudential rules and information obligations for credit institutions, amending Circulars 1/2009 and 3/2019
The Bank of Spain issued Circular 1/2022 to establish specific liquidity, prudential, and information requirements for credit institutions, adapting EU regulations to their distinct operational profile. The circular mandates that these entities maintain a liquidity buffer and a stable funding structure while simplifying reporting obligations to reflect their smaller scale and lower systemic risk compared to traditional credit institutions. It also modifies previous circulars to update capital structure disclosures and define thresholds for significant overdue credit obligations.
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