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.