Bancario y Financiero
EU strengthens disclosure of ESG risks in credit institutions with new requirements
Commission Implementing Regulation (EU) 2024/3172 introduces new obligations for credit institutions, which will have to disclose half-yearly information on environmental, social and governance (ESG) risks, as well as on the impacts of climate change. This regulation, applicable from January 2025, aims to improve transparency and consistency in prudential risk management.Garrigues wins the award for best law firm in the Andes in banking law
Garrigues has been named Team of the Year for the Andean States in banking and finance law by the International Financial Law Review (IFLR), which each year selects the best deals carried out in Latin America. The editorial board of this prestigious publication focused on the cross-border component, innovation, and the valuation of the companies involved in each of the deals it analyzed.EU: The Regulation allowing securitization bonds to be designated as European Green Bonds has been published
European Regulation 2023/2631, which will become applicable on December 21, 2024, envisages this option for securitization bonds, except in the case of bonds issued for synthetic securitization purposes.NPLs in Spain, Portugal and Latin America: more selective deals and increasing activity in secondary markets and debt servicing industry
In the first three quarters of 2023, we saw investors adopting a more selective and specialized approach in their NPL investments, increasing their appetite for unlikely-to-pay (UTP) and reperforming loans (RPLs).The challenges of European AI regulation for the financial sector
Artificial intelligence has enormous potential for financial institutions. Therefore, in addressing its regulation, the aim is to provide a framework of legal certainty to facilitate its adoption and also to address the challenges and risks for the sector, customers and supervisors.The Mexican Senate has approved an initiative to reform the Securities Market Law and the Investment Funds Law
The initiative, which envisages some important changes aimed at making the Mexican stock market more flexible, must continue its legislative passage and may undergo amendments before being definitively approved.Garrigues wins four awards from Latin Finance for its project and infrastructure work
The annual Latin Finance Projects and Infrastructure Finance Awards recognize standout project and infrastructure transactions in Latin America, a field considered fundamental for the region’s economic advancement. Four project finance deals that Garrigues advised on, led from the Chile and Colombia offices, came top on this occasion.The complex structuring of credit transactions with cryptocurrencies in Colombia
Virtual currencies or cryptocurrencies are not yet regulated in Colombia. This raises myriad questions when studying the possibility of structuring a credit agreement with cryptocurrencies in Colombia. In this article, we discuss the key issues to bear in mind on this subject.