Regulatory Alerts2022-02-03
Circular 1/2022 of the Bank of Spain on liquidity, prudential standards, and information obligations for credit financial establishments
The Bank of Spain issued Circular 1/2022 to establish specific liquidity, prudential, and reporting requirements for credit financial establishments, adapting EU regulations to their distinct operational profile. The circular mandates the maintenance of a liquidity buffer and a stable funding structure while modifying previous circulars to update capital structure, office, and senior management reporting. These measures aim to ensure financial stability and supervisory oversight for entities that do not accept public deposits but require comparable prudential solidity to credit institutions.
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