- Jul 2
Spain's competition watchdog opens two mortgage probes, with banks fearing a third over insurance cross-selling
The CNMC has launched two investigations into Spain's mortgage market, targeting brokers for alleged no-poach and price-fixing agreements and major banks for signalling future pricing. The sector now worries about a possible third probe into tied insurance sales.
- Jun 22
BBVA president denies mortgage collusion as Spain's competition watchdog probes six largest banks
Carlos Torres, president of BBVA, said the bank does not adjust its mortgage pricing based on competitors' public remarks, after Spain's competition authority opened an investigation into possible collusion among the six largest lenders.
- Jun 16
Spain's antitrust watchdog opens probe into six listed banks over mortgage-rate signalling
The CNMC has filed disciplinary proceedings against Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja, examining whether executives' public comments let competitors coordinate on fixed-rate mortgages.
- Jun 12
Outgoing CNMC president admits 'errors' in farewell, defends regulatory independence and energy oversight
Spain's outgoing competition chief Cani Fernández reflected on six years of 'successes and errors' in a farewell speech, defending the regulator's independence and warning that even 'Don Dinero' must abide by the rules.
