Bank of Spain deputy on what banking union will mean for national lenders
European banking union entails "appreciable challenges" for Spanish banks, which will have to adapt to new rules, criteria and procedures for interacting with supervisors and may see the composition and cost of liabilities affected by new resolution regulations, Bank of Spain deputy governor Fernando Restroy said in a speech on Monday.
"All in all, the Spanish banking system will foreseeably not face more complex challenges than those being posed in other jurisdictions, thanks to the
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