Regulatory Alerts2011-11-30
Circular 5/2011 of the Bank of Spain modifying Circular 4/2004 on public and reserved financial information standards and financial statement models
The Bank of Spain issued Circular 5/2011 to mandate enhanced public and reserved disclosure requirements for Spanish credit institutions regarding their exposure to the real estate sector and mortgage market. The regulation requires entities to publish qualitative and quantitative data on construction financing, property promotion, and assets received in debt settlement by June 30 annually, while also introducing new reserved reporting formats S.6, S.7, S.8, C.17, and C.18 for supervisory purposes. These measures aim to improve market transparency and financial stability by ensuring consistent, comparable, and detailed information on liquidity risks and asset quality within the Spanish banking system.
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