Informe_Anual_Cecabank

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03 Our Business Model
Cecabank 2015 Annual Report
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Banking Services
Cecabank is a benchmark in the market for financial
regulation consulting and advisory services and is notable
for:
Its capacity to anticipate new regulations,
Its great specialization
The support of its own tools, such as the www.
. webpage (a database
which provides daily updated versions of all the
regulations applicable to Spanish banks and the
regulatory projects in progress and other important
corporate information).
The main lines of the Consulting and Advisory Service are:
Access to the financial regulations website (for
subscribed users) which shows the Spanish, EU and
international financial regulatory provisions and
projects and interbank regulations (interbank rules,
decisions, etc.).
Daily news service by e-mail on alerts and notices with
new national and international regulations, classified
into published regulations and non-regulatory projects.
Monthly publication of reports which summarize the
effects of the main standards and projects published.
Publication of reports which describe the regulations
of special importance and impact for banks. This report
Regulatory Consulting
is written when the regulation is published and is issued
before the publication of the monthly outlook.
Activity during the year
In 2105 the following projects were developed:
Project for adapting to the MiFID 2/MiFIR, PRIIPS
regulation. A multi-annual project to identify the
impacts and measures banks need to take to fulfil
the new requirements related to investor protection,
transparency and communication of operations,
stemming from the MiFID and PRIIPS regulations for
related retail investment products and insurance-
based investment products.
Project for adapting to the CRS or Common
Reporting Standard model. Project to support
banks so that they can fulfil the obligations of
identifying the residence of financial account
holders for the automatic exchange of information
in the field of taxation.