Financial Assistance Programme for the Recapitalisation of Financial Institutions in Spain. Update on Spain’s compliance with the Programme – Winter 2013

The European Commission published an update on Spain's compliance with the conditionality of the Financial Assistance Programme for the Recapitalisation of Financial Institutions Programme since the submission of the First Review report in mid-November 2012. This report is necessary for the release of the funds needed for the recapitalisation of Group 2 banks prior to the next formal second review, to be issued only after a joint European Commission/European Central Bank mission that will take place in Madrid in late January 2013.