23 Apr 2021
Santiago Fernández de Lis
Head of Regulation
20 Nov 2020
Senior Manager, Digital Regulation and Trends
27 Oct 2020
Head of Analytics Dissemination and Data for Social Good at BBVA Data & Analytics
24 Sep 2020
Digital Regulation Senior Manager BBVA
18 Sep 2020
On May 25, 2020, the General Data Protection Regulation celebrated its second year of entry into application. As envisaged in the standard itself, the European Commission performed an assessment on its application and functioning over this period of time, taking into account the feedback provided by associations, companies, consumers and EU institutions. The commission has finally released the corresponding findings, which concludes that, on top of having a very positive impact, the COVID-19 crisis has demonstrated that the Regulation is prepared for the new digital age
15 Jun 2020
Neither Google, Samsung, nor Amazon are banks. Yet they all provide financial services, specifically in the areas of payments and money transfers. Even Facebook is making plans for its own currency, Libra. Financial regulation needs to respond to the challenges of a changing landscape: fintech startups are paving the way for digital ecosystems while the Big Tech are taking steps to penetrate what has traditionally been banking territory.
08 Jun 2020
During the coronavirus crisis, digital functionality has been critical for keeping the financial system up-and-running and facilitating quality customer care under extraordinary circumstances, even while the pandemic dictated minimal physical contact. This represents a sign of success for the sector’s digitization efforts and should also serve to make further regulatory progress. So concluded a virtual meeting dedicated to Europe’s future digital finance strategy, ‘Digital Finance Outreach,’ organized by the European Commission in collaboration with Spain’s Treasury Department.
11 May 2020
22 Apr 2020
15 Apr 2020
23 Mar 2020
09 Mar 2020
17 Feb 2020
Financial Regulation en BBVA
21 Jan 2020
24 Dec 2019
Last summer, European institutions greenlighted the latest major banking reform package (CRR2 or, as it was also known, the risk reduction package, or banking package). The announcement was well received in the market, as a clear indication that, after almost 10 years of regulatory reform, the definitive framework for credit institutions was finally starting to take shape.
16 Dec 2019
A European Commission (EC) expert group has called on regulators to respond to the changing nature of fintech to ensure customers can continue to see the rewards the sector brings.
19 Nov 2019
Bank of Spain today notified BBVA about the new MREL requirement that the bank will need to comply with starting January 1, 2021. According to BBVA estimates, the current structure of own funds and eligible liabilities in its balance sheet is in line with this MREL requirement, as well as the new subordination requirement.
In recent months, the term MREL (which stands for Minimum Required Eligible Liabilities) has been appearing more and more frequently in business and economic news outlets. We see it being used repeatedly in bank-related reports, but what is behind this acronym?
22 Oct 2019
Artificial intelligence and big data, are proven contributors of innovation to the financial system. The digital explosion and technological advances have caused a revolution in society and in the corporate organization. As explained by Jorge Sicilia, Chief Economist of BBVA Group and director of BBVA Research, the financial sector is no stranger to these changes and the next wave of innovation is going to be based on artificial intelligence.
16 Oct 2019
PSD2 is a European regulation for electronic payment services. It seeks to make payments more secure in Europe, boost innovation and help banking services adapt to new technologies. PSD2 is evidence of the increasing importance Application Program Interfaces (APIs) are acquiring in different financial sectors.
19 Aug 2019
Senior Manager, Digital Regulation and Trends
13 Aug 2019
14 Jun 2019
29 May 2019
Speaking at the European Conference on Financial Integration and Stability, BBVA Head of Regulation Santiago Fernández de Lis detailed the benefits of a true single digital market and the need for greater harmonization of the regulation governing digital financial services. The event, jointly organized by the European Commission and the European Central Bank, was held in Brussels last week.
21 May 2019
Javier García Tolonen
16 May 2019
The European Council announced this Tuesday that it has approved a series of regulatory changes previously approved by parliament, which aim “to reduce risks in the banking system.” The legislative package, known as CRD-V, revises capital requirement legislation and the recovery and resolution framework that governs financial institutions within the eurozone.
11 Apr 2019
José Manuel González-Páramo, BBVA’s Head of Global Economics and Public Affairs, at a meeting organized by the Institute of International Finance (IIF) in Washington, D.C. defended a regulatory framework for the financial sector that promotes the potential benefits of Distributed Ledger Technology (DLT). Blockchain, as the first fully functional DLT, was key to the discussion.
21 Mar 2019
One lesson from the crisis is just how important it is for international standards like Basel to be applied uniformly across countries. Furthermore, decisions related to compliance with standards, such as equivalence or mutual recognition through which countries declare that their regulations are aligned, should not be left to the full discretion of national authorities. Reports international authorities already carry out could be used for this purpose, allowing countries in adherence with the standards to receive equivalence, or mutual recognition.
21 Feb 2019
One of the guardians of the world´s financial systems has issued a new report urging global authorities to stay vigilant against potential fintech-related threats to financial stability.
31 Jan 2019
Financial authorities will soon begin an unprecedented countdown. In 2018, fintech became an entrenched priority for the financial sector, and a multitude of strategies emerged to address the challenges of digitization. In 2019, financial authorities should take action and implement a global approach to the challenges of the new era. This is the conclusion detailed in BBVA Research’s latest report, ‘Financial Regulation Outlook 1Q19’.