Regulatory Alerts2016-12-03
Royal Decree-Law 4/2016 of 2 December on Urgent Financial Measures
The Spanish Government issued Royal Decree-Law 4/2016 to authorize a loan facility of up to 5.291 billion euros to the Single Resolution Board for the transitional financing of the Single Resolution Fund. The decree modifies the accounting framework for SAREB to ensure consistency with its long-term divestment mandate and addresses market volatility impacts. It also extends the FROB's divestment deadline for participating entities from five to seven years to allow for more efficient use of public resources.
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