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Finance

Finance

Ricardo Gómez Barredo, Director of Accounting & Supervisors at BBVA, indicated that “the first country that manages to balance the power of the bank regulators will be the most attractive to potential investors,” at the workshop “Madrid the financial center” last Friday. In the context of Brexit, the Spanish financial system should make the regulatory framework less complex in order to become an attractive destination for international banks.

BBVA’s expansion to the U.S. came after it found success in South America and Mexico. The U.S. was an attractive market from a demographics standpoint, with a growing population, a solid economy - which also happened to be the world’s largest - and a positive banking environment. Also, given the Group’s leadership in Latin America, the U.S. with its large and growing Hispanic population was a natural choice.