Legl tip 389. Bank of Spain overwhelmed with claims: go and regulate!
Friday, November 5, 2010 @ 1:25 PM
Bank of Spain received in 2009 a number of 13640 claims : a 93% more in respect to 2008. 53% about Banks and 35% About Saving Banks ( Cajas de Ahorro)
Many of them are of course related to the execution of Bank Guarantees of Law 57/68.
As very well say my friend Keith Rule, it is Bank of Spain´s liability the lack of regulation on Bank´s liabilities out of Law 57/68. Both when there is a Bank Guarantee and when there is not.
It is about time. How is that petition going Keith?
Alhambra by Joao Maximo af Flickr.com