Latest Spanish financial system reforms

Javier Ybáñez,Garrigues, Spain.

Taking into account the severe economic crisis, the new Spanish Government, which took office in late December 2011, has been working hard on various reforms in order to reactivate the economy. The first of these was the reform of the financial system, and the second, labour reform; theseare expected to be followed by reforms affecting public administration. This article summarises part of the first reform affecting the Spanish financial system.