Garrigues’ Fernando Vives assesses legislation aimed at reforming and bolstering the strength of savings banks
July 06, 2011 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Garrigues’ Fernando Vives assesses legislation aimed at reforming and bolstering the strength of savings banks
One of the most notable characteristics of the Spanish financial system is its heterogeneous mix: the large banks at one end, medium-sized banks and large savings banks in the middle and (up to now) numerous groups of savings banks. These groups all compete on the Spanish market under unequal conditions – at least from a legal perspective.
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