Spain: New Gov. begins regulator reshuffle

Spain’s new government, formed barely a week ago under President Mariano Rajoy, has started tackling the backlog of decisions and processes left after a year-long power vacuum by renewing and reshuffling the top levels of the country’s market regulators: the CNMC (Markets and Competition), CNMV (Stock Market) and the Bank of Spain.

The CNMC has formally addressed the Ministry for Economy, Industry and Competition to remind them of the pending renewal of several councillors whose mandate has expired: Councillors María Ortíz, Eduardo García Matilla and Diego Rodríguez have been working as interim councillors since September 2015.

A proposal to split the CNMC into separate ex ante and ex post regulators, presented by the now-ruling PP and Ciudadanos coalition, appears to have been shelved, with the ‘Superregulator’ being given a new chance to present results under a renewed council.

Full Content: Sabemos

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