In a speech at the Banking Law Conference hosted by the Málaga Lawyers’ Association, Banco de España (BOS) Deputy Governor Margarita Delgado explained that the central bank’s supervisory activities have shifted from a focus on compliance to ensuring that banks have adequate conduct risk management.1
“Our supervisory framework has also evolved,” she said. “Now, in addition to focusing on formal compliance with conduct obligations, it also envisages the management and mitigation of these risks by banks and their incorporation into the business model.”
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