Banking Supervision

Sanctions imposed by the Banco de España

Under the provisions of Art. 115.7 of Law 10/2014 of 26 June 2014 on the regulation, supervision and solvency of credit institutions, the Banco de España shall publish on its website the sanctions and reprimands imposed in relation to serious and very serious infringements within 15 working days from the date on which such sanctions and reprimands have become final pursuant to administrative proceedings. Where appropriate, and if it is so resolved, the identity of the person subject to the sanction or reprimand may remain confidential.

In compliance with this obligation, the following table includes a reference to the aforementioned sanctions and reprimands imposed by the Banco de España since the entry into force of Law 10/2014, referring to the appeals for judicial review, if any, lodged against the sanctioning resolution, and the outcome thereof.

Decision date Information on infringements and sanctions imposed Status
24-02-16

Fine totalling €10,000 referred to in article 29.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, imposed on D. Gonzalo García Vazquez due to its responsibility for the commission of a very serious infringement, consisting in using the name “bank”, denomination reserved for credit institutions, without the requisite authorisation.

Final decision
24-02-16

Fine totalling €50,000 referred to in article 29.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, imposed on Expertos Financieros & Inversiones due to its responsibility for the commission of a very serious infringement, consisting in using the name “bank”, denomination reserved for credit institutions, without the requisite authorisation.

Final decision