With regard to the National Securities Market Commission (CNMV) adopting the European Securities and Markets Authority (ESMA) Guidelines on remuneration policies and practices in the context of the MiFID Directive, AEB would like to state the following:
- It welcomes our national supervisor’s adoption of the European supervisory authority’s guidelines, as these recommendations will enable Spanish institutions to operate in line with the highest EU standards and will, on the one hand, help increase transparency in the conduct of institutions and their staff when providing investment services and, on the other, prevent the emergence of undesirable conflicts of interest.
- It reiterates Spanish banks’ commitment to providing the best service to their customers, which is an essential foundation of their business model, and to complying with any instructions and recommendations issued by the authorities.
