Banking Regulation in Portugal

Hugo Moredo Santos and Benedita Aires both managing associate at Banking & Finance practice, write the Portugal chapter on Banking Regulation for Global Legal Insights.

In the article, they contextualize an overview of the country in the banking regulation sector developing the sub-chapters: introduction and regulatory architecture; bank governance and internal controls; recent regulatory themes: a resolution framework and a recapitalisation framework; bank capital requirements and Rules governing banks' relationships with their customers and other third parties.

They conclude the article with "Regardless of the objectives of the mechanisms and regulations [...], they all have in common a reinforcement of both the protection of customers and the soundness of the banking system, in a vulnerable context where difficulties and pathologic scenarios are more likely to occur".