Royal Decree-Law 2/2012 of 3 February, on the banking sector reform
Royal Decree-law 2/2012 of 3 February, on the banking sector reform, entered into force and was published in Spain’s State Official Gazette on 4 February 2012.
February 6, 2012Royal Decree-law 2/2012 of 3 February, on the banking sector reform (the “Royal Decree”), entered into force and was published in Spain’s State Official Gazette on 4 February 2012. This new reform of the banking system is one of the key features, together with the budget and the labour reform, of the new government’s structural reforms programme.
The announced purpose of the Royal Decree is to strengthen the balance sheets of credit institutions to increase confidence and reliability, and to reinforce the Spanish financial system, with a view to allowing access to capital markets and restoring their main role of channelling savings into the real economy.