Regulatory Matters
CECA carries out a permanent monitoring of the regulatory framework that affects its affiliated credit entities, with the aim of providing them with updated information and effectively representing their interests before regulatory and supervisory authorities.
From CECA, coverage is provided for all areas of banking regulation so that affiliated entities can anticipate regulatory changes that have the greatest impact on their business model.
To this end, it performs a identification of regulatory projects, both at the national and international levels, develops sectoral positions, actively participates in public consultation processes, and provides rigorous and continuous monitoring of the processing of cases with the greatest impact on its entities until publication.
To defend the interests of affiliated entities in European matters, CECA relies on the European Association of Cooperative Banks and Retail Banks (ESBG).
Key Regulatory Updates
Supervision and solvency
The EBA published a report with proposals to simplify the EU banking framework at the micro-prudential, macro-prudential, and resolution levels. Among them are redefining the P2R approach, improving the design of AT1 instruments, creating a single usable macro-prudential buffer, aligning MREL with TLAC, and standardizing the calibration of MREL.
The EBA published a preliminary consultation on the draft methodology, templates, and guidelines for the stress test exercise for European banks in 2027, which introduces various simplifications aimed at reducing the reporting burden. Among them are the reduction of data requirements and the first-time inclusion of climate risks.
The Order ECM/531/2026 was published in the BOE, amending Order ECO/697/2004, of March 11, on the Central Risk Information (CIR), and Order EHA/1718/2010, of June 11, regulating and controlling the advertising of banking services and products.
Among the main changes introduced in the CIR framework are the expansion of the powers of the Bank of Spain in periodic declarations, the differentiation between supervisory and commercial use of information, the reduction of the declaration threshold to 1,000 euros, and the requirement for consolidated information by holder.
Regarding the advertising of banking services and products, the reinforcement of advertising principles, the incorporation of representative examples, and the requirement for internal advertising control policies stand out.
Retail
The Ministry of Social Rights, Consumer Affairs, and the 2030 Agenda published a preliminary public consultation on the Draft Law transposing Directive (EU) 2025/2647 regarding alternative dispute resolution in consumer matters. The objective of the consultation is to reorganize the institutional framework resulting from the elimination of the European online dispute resolution platform and to comprehensively modernize the alternative dispute resolution regime in consumer matters. The consultation ended on July 7.
AML/CFT
The Public Treasury published guidance for obligated subjects regarding de-risking clarifying the scope of the application of the risk-based approach in the relationships between obligated subjects and clients to reduce de-risking situations.
Digital
The European Commission published the Legislative Package on European Technological Sovereignty, consisting of four initiatives to strengthen Europe's capacity in semiconductors, artificial intelligence (AI), cloud computing, and open source. Among these initiatives, the one of greatest interest to the financial sector is the proposed Cloud and AI Development Regulation (CADA), which establishes a set of measures to strengthen the cloud and AI ecosystem.
Reporting
The Bank of Spain submitted for public consultation the Draft Circular on the Central Risk Information (CIR), which consolidates recent modifications in the regulatory framework of the CIR, and includes the reduction of the individual declaration threshold to 1,000 euros starting in 2027, clarification of the obligations of certain entities, digitalization and simplification of reporting procedures, mandatory electronic reporting for legal entities, and the establishment of a general deadline of 10 business days for sending information. The consultation ended on June 29.
The Bank of Spain submitted for public consultation the Draft Circular that modifies various circulars regarding the reporting of financial and prudential information, aimed at reducing and simplifying the information obligations of entities before the Bank of Spain, eliminating certain reports and duplications, reinforcing cooperation with the CNMV, aligning prudential requirements with European regulations, and simplifying the information reporting processes.
Various
The European Commission approved a tax simplification package to reduce administrative burdens and improve the competitiveness of the single market. It includes two legislative proposals: the Taxation Omnibus on taxation and the reform of the Administrative Cooperation Directive (DAC), with an estimated saving of 8 billion euros per year for companies.
