tailieunhanh - Spanish Bank Restructuring Several months of improvisation

Bank accounts that are denominated in foreign currencies can offer some advantages to diasporas. First, in offering such foreign-currency denominated bank accounts, banks are the ones that shoulder the risk of foreign exchange. If account holders hold currency in local denomination, they are the ones who bear foreign currency risks. Foreign currency deposit (FCD) accounts have often been used by domestic savers to maintain the real value of their savings during times of macroeconomic instability. Some banks may also offer two types of FCD accounts: current and fixed-term deposit accounts. Current deposit accounts allow account holders to withdraw funds whenever. | MALUQUER A D V OC A T S Several months of improvisation AEDBF Athens Meeting October 2012 Luis Maluquer Spanish Bank Restructuring Legal Restructuring Report CONTENTS Five Attempts on Bank Restructuring 1st Royal Decree-law RDL 9 2009 June 2009 2nd Royal Decree-law RDL 11 2010 July 2010 3rd Royal Decree-law RDL 2 2011 February 2011 4th Royal Decree-law RDL 2 2012 February 2012 5th Royal Decree-law RDL 24 2012 August 2012 1st attempt on bank restructuring. Royal Decree-law 9 2009 June 2009 Reinforcement of the equity of credit entities Creates the Fund of Orderly Bank Restructuring FROB Spanish Acronym