MADRID, 18 Abr. (EUROPA PRESS) –
The Bank of Spain has imposed a fine of five million euros for a “serious” infraction, according to the information that the supervisor has published today on its website.
Specifically, the infringement consists of the “inaccurate” submission of the information that must be reported to the Bank of Spain on the interest rates of loans to the private sector residing in the country.
The rules applied have been Law 10/2014, of June 26, on the organization, supervision and solvency of credit institutions, Order EHA/2899/2011, of October 28, on transparency and protection of banking services customers, the eighth rule of the Bank of Spain circular 8/1990, and the supervisor’s circular 5/2012.
The sanction is firm in administrative proceedings, although both the sanction itself and its publication have been appealed in court.
