Spain’s BBVA

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Spain’s BBVA off systemically important banks list

The Financial Stability Board (FSB) announced yesterday that it has removed BBVA from its list of 30 global systemically important banks. Spain’s second biggest entity has been included in this list since 2012. But the lender will still be subject to other loss-absorbing capacity obligations, such as Minimum Requirement for Own Funds and Eligible Liabilities (MREL).