José Miguel Carracho and Júlio Venâncio have contributed to the chapter on Portugal in the 2025 edition of the IFLR Banking & Finance Guide, an international reference publication in the field of banking and finance.

The VdA lawyers provide a comprehensive analysis of Portugal’s legal and regulatory framework for banking and finance, addressing supervisory structures, capital and governance requirements, as well as recent developments in operational resilience, crypto-assets, ESG and artificial intelligence.

The chapter examines the key challenges facing financial institutions, including the implementation of the European banking package (CRR3/CRD6), the application of the Digital Operational Resilience Act (DORA), the MiCA framework and the strengthening of AML, sustainability and consumer protection requirements. It also covers licensing, cross-border activity, security and collateral structures, bank insolvency and resolution mechanisms.

By offering an integrated perspective on regulatory trends and emerging compliance risks, the chapter underscores the increasing complexity of the European regulatory landscape and the importance of strategic legal guidance for banks, fintech companies and investors.

• Read the full article here.