Regulatory Alerts2019-10-09
Resolution of 7 October 2019 updating Annex 1 of the Resolution of 4 July 2017 on financial prudence principles for autonomous communities and local entities
The Secretary General of the Treasury and International Financing issued this resolution to update Annex 1, which sets the maximum fixed interest rates and Euribor differentials for borrowing operations by Spanish autonomous communities and local entities. The update reflects financing costs as of 1 October 2019, establishing specific caps based on the operation's average life to ensure compliance with the financial prudence principle defined in the 2017 Resolution. Additionally, the document clarifies that if the calculated maximum total cost is negative, loans may be formalized at a 0% interest rate.
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