A clear legislative framework and strict rules

The founding of our organisation formed part of the aid programme aimed at recapitalising the Spanish financial sector, formalised via a Memorandum of Understanding (MoU) on Financial Sector Policy Conditionality, signed on 23 July 2012 by the European Commission and Spain. The MoU provides for the possibility of establishing a company that is responsible for the management of distressed assets transferred by the banks that received financial aid (Bankia, Catalunya Caixa, Novagalicia, Banco Gallego, Banco de Valencia, BMN, Liberbank, CEISS and Caja3).

The rules governing our company’s business activities are set out in a series of laws, royal decrees and regulations which can all be viewed in the following documents.