17Jul

Spanish Banks cost of funding

With interest rates falling across the world it can be difficult to understand why Spanish mortgage rates are not lower than they are. The issue lies in the cost of funds for Spanish Banks, the fact they are almost precluded from the wholesale money markets, and the cost of re-insuring any loans they take. The […]

11Jul

Difficulty of being granted a Spanish mortgage

Yesterday saw the announcement of a € 30bn rescue package from the Europe for injection directly into the Spanish Banks. As part of the negotiations The Spanish Government has agreed to hand over regulatory powers from the Bank of Spain to the European Central Bank. It is difficult to argue that the supervisory powers should […]