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.
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.