Banco de Portugal puts a project for payment regulation and electronic money under public consultation – Executive Digest
The Bank (BdP) today instituted the nature of public projects, until the nature of September 21, a decree defined by the regulatory framework of institutions of institutions and electronic money, intends to update the legal regulation “applicable to institutions”.
“The establishment of instructional institutions regarding the application to the target institutions of a draft of other instructions for the Bank of regulatory institutions, in relation to which the set of supervision restrictions of Portugal is allowed to the supervision of the Bank of Portugal. In particular, it clarifies and reinforces the applicable requirements in terms of corporate and internal governance, own funds and the granting of credit”, says the central bank in a statement.
With this initiative, the BdP says it determines “the application to the target institutions of a set of other instructions from the Bank of regulatory institutions, in relation to which these institutions must be designed to guarantee the view of Banco de Portugal. ”.