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Regulations

06 Mar 2020

23 Aug 2019

03 Jun 2019

16 May 2019

23 Apr 2018

01 Feb 2018

BBVA’s digital customers are increasing in number, are more satisfied and interact more with the bank. In fact, the bank has reached its digital tipping point, at which more than 50 percent of its customers are using the bank’s digital channels in six countries (Spain, the United States, Turkey, Argentina, Chile and Venezuela). It’s a milestone that foreseeably will be reached this year by more of the countries where BBVA operates. Indeed in Davos last week, BBVA Group Executive Chairman Francisco González predicted the Group’s customer base as a whole will pass the 50 percent tipping point in 2018.

23 Nov 2017

06 Nov 2017

The European Commission has withdrawn its proposal for Banking Structural Reform. Although originally considered fundamental for the sector, its principal objectives have already been addressed by other measures. How should this news be taken? In a recent note, BBVA Research considers this withdrawal —after four years without much progress— to be positive, since it supposes greater regulatory certainty for banks. The BBVA Research note also underscores the negotiation of two large regulatory packages: i) the revision of the prudential banking and resolution framework for European credit institutions and ii) the finalization of the Basil III framework.

04 Oct 2017

03 Oct 2017

The European Union wants to boost the level of data protection for Europeans, and to this end, it has approved the General Data Protection Regulation (GDPR). The GDPR establishes a series of new requirements, including the mandatory designation of a Data Protection delegate within institutions and companies handling sensitive data. The delegate will be responsible for ensuring that the personal information handled by these organizations is adequately protected. BBVA has already created that post, getting ahead of the standard’s effective date.

27 Sep 2017

The recent elections in Germany have ended this year’s electoral cycle in Europe. With euroscepticism weighing in at the ballot box, it’s now up to the European Union to bring its institutions closer to the continent’s citizens, according to José Manuel González-Paramo, Executive Director of BBVA, speaking at a conference on “The New Europe: Challenges and Opportunities” organized by ADEIT.

22 Sep 2017

For some time now, fintech has been a buzzword in the financial industries of the United States and Asia. However, Europe has only begun to realize its importance. Are the digital initiatives in the European Union and the fintech companies up to the challenges of the new environment? That question was addressed by the experts on a panel at the Eurofi Financial Forum 2017 held recently in Tallin, capital of Estonia, which holds the currently holds the EU presidency.

18 Sep 2017

04 Sep 2017

The United Kingdom is not the only country that has taken firm steps in its commitment to promote and regulate the fintech sector. An increasing number of regions are joining the trend to create regulatory sandboxes, in order to accelerate innovation in their business sectors and turn themselves into international hubs.

30 Aug 2017

‘Regtech’ is a buzzword in the banking world.  ‘Reg’ stands for regulation and ‘tech’ for technology.  So, it is easy to imagine what the purpose of regtech is:  developing technologies that help banks comply with regulation in a more agile and efficient way.

Much has already been written about the use of digital tools to create new products and services in banking.  However, there is less talk of another crucial use of technology in the financial sector:  Its application in improving regulatory compliance, addressing risks related to financial stability and integrity, and consumer data protection.  It is the so-called ‘regtech’.

24 Jul 2017

18 Jul 2017

Ricardo Gómez Barredo was there for the birth of BBVA (through the merger of BBV and Argentaria), a Group he has been associated with for more than two decades.Now he is in charge of functions that are so critical to a bank like liaising with supervisors, working out financial information and reporting.Professionally, he describes himself as very demanding of himself. He thinks that the best part of his professional experience has always been “the people I’ve been lucky enough to work with”.

26 Jun 2017

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.

14 Jun 2017

The British fintech firm, Bud, was one of the companies the Financial Conduct Authority (FCA) invited to participate in the first ‘regulatory sandbox’. Jamie Campbell shared his experience in the regulation seminar organized by BBVA Bancomer and the Inter-American Development Bank (IDB).

23 May 2017

BBVA is one of the 40 institutions that invested in the financial technology innovator R3, which just completed two of three tranches in its Series A fundraising round. It raised a total of 107 million. With this investment, BBVA seeks to reinforce its commitment to R3, the largest consortium of global financial institutions collaborating to develop an industry platform and commercial applications for DLT.

22 May 2017

BBVA will be hosting the first seminar with Latin American regulators this week, during which the region’s top officials will analyze how to apply and regulate innovation in the banking services of the future.The event is organized in partnership with the Inter-American Development Bank (IDB) and will be held at BBVA Bancomer’s Innovation Center, Mexico City, on Tuesday and Wednesday.

03 May 2017

17 Apr 2017

03 Feb 2017

06 Jan 2017

Traditionally, regulation and supervision have played a key role in developing the banking sector. They have ensured its stability and solvency, the protection of its consumers and the improvement of its efficiency. Now, regulatory and supervisory authorities are faced with an additional challenge: to draw up a regulatory framework that achieves the right balance between promoting new digital value propositions and protecting against the risks inherent to the digitalization of financial services.

16 Dec 2016

12 Dec 2016

07 Dec 2016

06 Dec 2016

Europe has taken a giant leap forward to keep taxpayers from footing bailout bills in the future. Last week, the European Commission unveiled a regulatory package which, among other measures, envisaged the revision of the resolution framework for institutions. The proposal represents a new leap towards the goal of ensuring that banks allocate the right amount of resources to absorb eventual losses, even bail-out themselves, without resorting to public funding. It will also help European banks boost the amount of high-quality capital in their balance sheets.