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Finance

Finance

Following the urgent measures adopted by Franco’s government to expedite the reconstruction of the economy, the Ministry of Finance redoubled its efforts to strengthen its grip over the banking sector.  On the last day of 1946, a new banking law was passed, outlining the new scenario in which institutions would be required to operate during the next decade.

The European Commission is currently seeking to answer this and many other questions that citizens have posed about retail financial services. In 2015, the Commission launched a public consultation that is set out in a document containing requests from citizens, presented by the European Parliament at the close of 2016. The next step was the publication of the Consumer Financial Services Action Plan: Better Products, More Choice, with specific proposals for eliminating the barriers to retail banking in Europe.

The scam involves both customers and ATMs. Two or more people stand behind the victim, while he or she withdraws cash from the ATM. First, they try to see and memorize the PIN number or password for the victim’s card.

The Chairman of the Spanish National Securities Market Commission (CNMV) has completed a round of meetings in the City of London to explain the measures adopted to facilitate the arrival of international firms to Spain. Also, the supervisory body of the Spanish financial markets recently announced four strategic lines for the next two years. The plan is aimed at yielding a more efficient, transparent, responsive and modern supervisor, a more attractive and appealing Spanish market, and better informed, educated and protected investors.

BBVA Compass South Florida Market President Roberto Muñoz was honored last week with Florida International University’s Distinguished Alumni Award at its 16th Annual Torch Awards Gala. The celebratory event recognized alumni and faculty who are positively impacting their profession, the Miami community and the university.

S&P changed its outlook for BBVA’s long-term rating (BBB+) from stable to positive. The agency once again highlighted the Group’s strong financial profile, resilient profitability levels and solid capital position.