Regulatory Alerts2014-07-30
Royal Decree 636/2014 creating the Central Economic-Financial Information System of Public Administrations and regulating information reporting by the Bank of Spain and financial entities
The Ministry of Finance and Public Administrations issued Royal Decree 636/2014 to establish the Central Economic-Financial Information System of Public Administrations, consolidating public financial data to enhance transparency and reduce information dispersion. The decree mandates that various public administrations and financial entities, including the Bank of Spain, submit economic and financial data regarding public debt and budget execution to this centralized portal. It establishes strict governance, periodicity, and enforcement mechanisms for data submission to ensure coordinated access to public sector financial information.
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