Spanish reformation


There are moves afoot in Spain to liberalise the mutual and pension fund industries by allowing them to use credit derivatives. Both the buy and sell side are hoping that the release of an update to Spain’s financial law, due to take place imminently, will include such proposals.

“We think that the regulators will reconsider introducing some changes in the law, in order to allow us to use assets that are currently prohibited, because the trends in the markets are going in the direction of those

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