Banking Supervision

Banking Supervision Contents

Since 4 November 2014 the Single Supervisory Mechanism is in charge of the supervision of the Spanish credit institutions as well as those from the rest of the Eurozone members. It’s a system headed by the European Central Bank involving the national supervisory authorities, like Banco de España.

The supervision model is based on four elements:

  • Effective and prudent regulation, with rules for accessing and carrying out the activity.
  • Continuous supervision of financial institutions, with receipt and analysis of periodic information and on-site inspections.
  • Corrective measures: Requirements and recommendations, restructuring plans; intervention or replacement of directors.
  • A disciplinary and sanctioning system which covers institutions and their directors.

This sections offers information on the Spanish supervisory framework and the regulations or criteria for supervision, among other information.