Supervisors and regulators

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The dialog with supervisors and regulators has become a fundamental task in an environment with growing regulatory pressure and regulatory culture

Regulation

Main functions

Ensure that financial institutions operate correctly.

Harmonize the interests of banks with the interests of savers and investors.

Supervision

Single Supervisory Mechanism (SSM)

November 4, 2014

Mission: consolidate the regulatory and methodological framework for the supervision of all the financial institutions in the Eurozone of a certain size.

How does it work?
Mixed groups, made up of the national authorities and the ECB.
Single Resolution Mechanism (SRM)

January 1, 2015*

Mission: ensure an orderly resolution of insolvent banking groups, with the minimum possible impact.

Consists of the Single Resolution Board and the national resolution authorities, i.e. the preventive resolution authority (Bank of Spain) and executive (FROB).

*Fully operational since 1-1-2016.

Procedure for the adoption of laws

How has BBVA acted?

Creation of a new unit

Global Supervisory Relations, which is responsible for:

To comply with the information requirements
The interaction of the Bank with the supervision authorities (SSM) and resolution authorities (SRM)

An office in Frankfurt has been opened

To facilitate dialog with the ECB teams (Joint Supervisory Teams -JST-).

Establishment of a Resolution Office

Point of entry of the requirements and interaction with the resolution authorities.