Watch Live

Tweet TWEET

Spain to Soften Core Capital Requirements for Cajas, Cinco Says

Spain’s Finance Minister Elena Salgado will soften a decree establishing requirements regarding core capital for Spanish savings banks, Cinco Dias reported, citing unidentified people in financial markets.

Salgado will offer more flexibility on capital rules and allow instruments that were not previously considered as core capital, to be counted as such and thereby reduce the savings banks’ need to capture funds, the newspaper said.

and extending the timetable for reaching the new requirements, especially through stock market listings.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.