New unified regulation and supervision of credit institutions

This is a long-awaited proposal that attempts to tighten the prudential regulation of the financial sector. Passing of the Bill will mean not only the definite incorporation into Spanish law of international agreements adopted in response to the financial crisis of 2008, completing and absorbing Royal Decree Act (Order in Council) of 29 November 2013, which regulated the most urgent matters in this respect, but also the consolidation in a single text of those rules governing and disciplining credit institutions that the complex body of legislation for this market has modernised and adapted on a needs basis.