Brussels opens proceedings against Spain for failing to complete transposition of European rules on bank restructuring and resolution
In addition, the European Commission has also given Spain a two-month ultimatum to transpose the directive on receivables managers and purchasers into national law. In two separate proceedings, Brussels has, on the one hand, opened a sanctioning file against Spain for failing to fully transpose the amendments to the directive on bank rescue and resolution, which relate to the prudential treatment of global systemically important institutions and the loss-absorbing and…
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