The Government and the Bank of Spain anticipate that the Luis de Guindos decree law will not achieve all its objectives Mariano Rajoy's Government has approved a reform of the financial system, confident that it will solve the sector's problems, but the impression is that these measures are not going to be enough. A second financial reform will be necessary. At the same time that the sector is abuzz with rumors about the movements that entities are making to position themselves, top-level consultants who have prepared reports for several financial entities, to which El Confidencial Digital has had access , point out that it should contemplate "a new reform in a period of no more than twelve months". It would be "a second round, forced by a decree or similar rule , that clears the banking map with new support and financial support.

These sources, who have advised on some bank mergers in recent months, explain that the Government's roadmap is clear but "the inertia and overly interested calculation of the entities (position UK Mobile Number List in the ranking) in this second round of mergers can give the mess with the map they have in Cibeles (Bank of Spain) and in Castellana (Economy) ". Criterion of the Bank of Spain The Bank of Spain is following the criterion of 'lowest public cost' in the awarding of intervened entities, but also looking at the future map, in which "all the resulting entities are healthy, and that all mergers have a clear winner, or be the healthiest and strongest, which ensures the viability and future of the merger with guarantees".



Although the regulator and the Government have not expressly said it, they are 'inviting' all large entities with healthy balance sheets to come in and absorb intervened entities. In other words, it is now up to La Caixa and Santander to make a move. Bankia's absence in this dance is due to Rodrigo Rato 's decision to continue as an independent entity: he has done most of his restructuring and believes he can have his own strategy . The alleged merger between La Caixa and Bankia has not gone beyond a sketch, which Rato would never have signed. Bankia has carried out almost 25% of the adjustment of the financial sector - far above what the rest of the competition has done -, has passed the last two banking stress tests, and managed to comply with the bank recapitalization decree promoted by Elena Salgado .