CECA Sector: Regulatory And Financial Outlook 15/06/2016.pdf

Evolucion-regulatoria-y-financiera-15-6-2016.pdf
Preview of CECA sector: Regulatory and Financial Outlook 15/06/2016
🔗 Source: ceca.es
📊 Size: 696 KB
👤 Author: Matt
⬇️ Downloads: 115

Summary

CECA Sector regulatory and financial outlook as of June 15th, 2016:
- The sector has 869,471 EUR million in total assets, 553,917 EUR million in deposits, and 543,711 EUR million in credits.
- Law 26/2013 delimits the activity of savings banks and banking foundations, imposing stricter incompatibility regimes and transformation requirements.
- Royal Decree 877/2015 and Circular Bank of Spain 6/2015 establish reserve fund requirements and annual corporate governance reports for banking foundations.
- Circular Bank of Spain 4/2016 amends accounting circulars to prepare for IFRS 9, and Circular Bank of Spain 2/2016 repeals the Solvency Circular, adapting to the EU solvency framework.
- Circular Bank of Spain 5/2016 establishes a method for adjusting contributions to the Deposit Guarantee Fund based on member institutions' risk profiles.

Description

CECA Sector regulatory and financial outlook as of June 15th, 2016:
- The sector has 869,471 EUR million in total assets, 553,917 EUR million in deposits, and...

Technical Information

  • File Format: PDF
  • File Size: 696 KB
  • Pages: 13
  • Language: EN
  • Author: Matt
  • Total Downloads: 115
  • Last Updated: 3 weeks ago

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