Bank of Spain may adopt Euribor Plus index

Also, the Bank of Spain raises the surveillance on the european institutions elaborating the Euribor index, thus complying with Brussels’ recommendations. Spanish lenders (Santander, BBVA, Caixabank and CecaBank) have been asked to review and extreme control of their internal procedures in a process which will be part of the BdE’s inspection.

This new recommendations started after the Euribor scandal, which meant sanctions for major EU banks such as Deutsche Bank, Société Générale o RBS. No Spanish bank was found to be involved in that issue.



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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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