José Carlos Sánchez-Vizcaíno, Director of Depositary Supervision at Cecabank, took part in the 32nd Legal Debate organised by FundsPeople, which focused on the impact of the Capital Requirements Directive (CRD VI) on the financial sector.
The event covered the key regulatory changes introduced by CRD VI, including strengthened supervisory measures, new requirements for competent authorities, and the regulation of third-country entities operating within the EU.
In his remarks, José Carlos Sánchez-Vizcaíno underscored how one of the most significant aspects is the harmonisation of the various regulations that already addressed elements related to cyber resilience. “It represents a step forward in the integrated risk management framework of institutions and considers them as part of a wider ecosystem. The regulation assumes that this ecosystem will only be as resilient as each of its participants. Therefore, just as we are seeing small and medium-sized management companies in Spain struggle more when it comes to making the necessary investments, this is also affecting ICT service providers, who are less familiar with this type of regulation”, he noted.
