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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.

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