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.

Publication date Information on infringements and sanctions imposed Decision date Status
29/09/17

Fine imposed on FINANCIERA CARRIÓN S.A., E.F.C., totalling 60,000, provided for in Article 10(a) of Law 26/1988 of 29 July 1988 on the discipline and intervention of credit institutions, after application of the reductions established in Article 85 of Law 39/2015 of 1 October 2015 on the general government common administrative procedure, for the commission of a serious infringement of the type described in Article 34(2) of Law 16/2011 of 24 June 2011 on consumer credit agreements, the infringement of Articles 10 and 16 of said Law between 2013 and 2015 having been established

29/09/17 Final decision
29/09/17

Fine imposed on FINANCIERA CARRIÓN S.A., E.F.C., totalling 102,000, provided for in Article 10(a) of Law 26/1988 of 29 July 1988 on the discipline and intervention of credit institutions, after application of the reductions established in Article 85 of Law 39/2015 of 1 October 2015 on the general government common administrative procedure, for the commission, between 1 January 2013 and 30 June 2015, of a serious infringement of the type described in Article 5(e) of said Law 26/1988, consisting in “the execution of actions or operations in breach of the rules issued under Article 28(2) of this Law or under Article 29(2) of the Sustainable Economy Law”.

29/09/17 Final decision
29/09/17

Fine imposed on FINANCIERA CARRIÓN S.A., E.F.C., totalling 210,000, provided for in Article 9(a) of Law 26/1988 of 29 July 1988 on the discipline and intervention of credit institutions, after application of the reductions established in Article 85 of Law 39/2015 of 1 October 2015 on the general government common administrative procedure, for the commission, between 9 December 2007 and 31 March 2015, of a very serious infringement of the type described in Article 4(e) of said Law 26/1988, consisting in “the performance of actions or operations prohibited by regulatory or disciplinary rules, or without compliance with the requirements laid down therein, not merely on an occasional or isolated basis”. 

29/09/17 Final decision