Spain looks to create $7.5 billion resolution fund

Luis de Guindos
Luis de Guindos, Spanish minister for economic affairs and competition

The Spanish government has approved the creation of a resolution fund of up to €6 billion ($7.5 billion), financed by the country's banking sector, as part of its preparations for the Single Resolution Mechanism (SRM).

According to the draft bill on the restructuring and resolution of credit institutions and investment companies, the fund will be administered by the Fund for Orderly Bank Restructuring (Frob).

European governments are working to implement the Bank Recovery and Resolution

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: