Obliged by the imf it should be ready before the 'men in black' land. Bad practices such as floor clauses, abusive commissions, small print in contracts may be reported... And sanctions will be imposed. Bad news for mortgage holders: they do Germany Phone Number List not recover the taxes paid on the loan caixabank and sabadell save furniture in the floor clause crisis fernando restoy will not leave the bank of international settlements despite the accusation by bankia protest by those affected by bankia's preferences. Protest by those affected by bankia's preferences. spain is working urgently to launch an agency “against bank abuses.” the office is preparing for the landing of the imf 'men in black' in the coming weeks. The cnmv has been the latest economic body to sound the alarm about the continuity of bad practices in entities.
The national securities market commission has just subjected banks to a surprise check to evaluate whether they have corrected their bad habits with clients and the result has been very striking. As reported by the cnmv, its technicians have detected that entities continue not to provide sufficient information on the risks and costs of financial products, which recalls the concatenation of fiascos (preferred securities, floor clauses, ipos...) that have occurred during the last years. An agency “against bank abuses” is underway given this scenario, as el confidencial digital has learned from sources familiar with the project designed by the ministry of economy, the government is finalizing the creation of a financial saver and investor protection authority.
The conversations with the economic teams of psoe and ciudadanos are very advanced to carry out this new body “against the abuses of the banks.” the objective is to unify the claims and investor protection services existing in each of the financial supervisors: the bank of spain, the national securities market commission (cnmv), and the insurance directorate. Fines and mandatory resolutions the plan contemplates, according to sources familiar with the project, that this institution has the authority to sanction entities that apply bad practices, such as preferential ones, floor clauses, abusive commissions, fine print of contracts... The new consumer protection agency will issue binding resolutions, including sanctions, and not just recommendations. A capacity that similar organizations already have in most european countries, such as france, the united kingdom, belgium and the netherlands.