Regulatory Alerts2017-11-17
Royal Decree-Law 21/2012 on Liquidity Measures for Public Administrations and the Financial Sector
The Spanish State established a temporary, voluntary liquidity support mechanism for Autonomous Communities facing financial difficulties, managed through the Autonomous Liquidity Fund. Access to this mechanism requires strict adherence to fiscal and financial conditions, including the submission and execution of a dynamic adjustment plan monitored by the Ministry of Finance. The mechanism is funded by the State and secured by the retention of financing system resources, with the Official Credit Institute acting as the payment agent.
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