Latest news and stories about regulation in finance in Lisboa, Portugal for expats and residents.
The appointment of the new deputy governor for the Bank of Portugal has been postponed until after the summer, with the official arrival expected in the autumn.
The Portuguese securities market regulator, CMVM, has successfully fined two financial influencers a total of 667,000 euros for providing unauthorized financial services, a decision recently upheld by the Lisbon Court of Appeal.
The chief executive of BCP, Miguel Maya, said today there is “no victory” following the Constitutional Court's decision regarding the bank's contributions to the Resolution Fund and maintains his concerns.
The president of the IL demanded an urgent tax cut on fuel this Friday, claiming that taxes account for 'more than half' of what it costs the Portuguese to refuel, and accusing the Government of being 'completely inert' in the face of price increases. 'Fuel prices are rising consecutively week after week. The State continues to...'
Marcel Fratzscher, president of the German Institute for Economic Research, known as DIW Berlin, warns of the dependency on China and the United States and says that Europe's priority should be to invest in people, innovation, and a common energy policy, but considers that governments continue to privilege national interests to the detriment of others.
The committee that prepared the report, which will serve as the basis for the Government to move forward with a proposal to create a general regime for fees in the Public Administration, refused to assess whether there are too many 'fees or small charges' in the Portuguese tax system. Pedro Brinca, one of the authors of the report, stated that it was outside the scope...
Paulo Núncio accuses Mário Centeno of collusion with Fidelidade. The former governor maintains it was an excellent deal for the regulator. Additionally, the Government approves a new deadline for evictions due to rent arrears.
Medina, who was Mayor of Lisbon from 2015 to 2021 and Minister of Finance for the PS from 2022 to 2024, considered that the current configuration of the law allows this body to judge acts that have not yet occurred.
Álvaro Santos Pereira bought shares after taking office as governor of the Bank of Portugal and was forced to sell them after reporting the transactions to the European Central Bank (ECB). As he told journalists, these 'prohibited' operations resulted in capital gains of 3,361 euros, which were donated to the Make-a-Wish Foundation. 'No one regrets this lack of foresight...'
When gains are private, fraudulent, or simply failed, and losses end up socialised, concealed over time, and absorbed by the lack of collective memory, the incentive for good management diminishes.
Estoril-Sol, which holds the concessions for the Lisbon and Estoril casinos, has postponed the presentation of its annual results three times in the last three months. However, the deferral will only have consequences for the company's contract with the State if the Gaming Regulation and Inspection Service (SRIJ) considers it a “serious breach”. The contract...
Galp and the Spanish company Moeve announced in January that they intend to merge their Iberian downstream operations, including refining, logistics, and fuel distribution. It is a transaction between two private companies with a clear economic rationale: to gain scale, reduce costs, optimize assets, and ensure investment capacity in a transforming sector. The problem...
FIF Portugal is organising a seminar dedicated to Open Insurance on 3 July. The event will take place in the morning at the Abreu Advogados headquarters in Lisbon. The seminar will discuss how to standardise and control data, what information should remain within the scope of insurers' trade secrets, and how to transform data into value.
The Minister for State Reform warned of a paradigm shift in competition between economies: efficient governments and regulatory predictability are now decisive.
The president of the Portuguese Securities Market Commission (CMVM), Luís Laginha de Sousa, warned this Tuesday about the limitations on the supervisor's capacity to use resources, which 'removes flexibility and operational efficiency'. During a parliamentary hearing, following a request submitted by the PS as a member of the Committee on...
The 27 insurance and pension fund supervisors from European Union member states met in Lisbon at the ASF headquarters for the EIOPA Strategy Day. These are the regulators for insurers that generate 1.4 trillion euros in annual premiums and manage 10 trillion euros in assets across Europe, representing approximately...
Gonçalo Matias, Minister Assistant and for State Reform, used the stage at the CMVM annual conference this Wednesday in Lisbon to provide a surgical diagnosis of the country's structural delay in institutional reforms, even touching a nerve on several points. The conference, themed 'Innovation in Capital Markets', brought together...
The Portuguese central bank suggests lowering the maximum effort rate allowed for housing credit applications to 45%.
João Silva Lopes, Secretary of State for the Treasury and Finance, argued this Wednesday that Portugal and Europe need to find a “virtuous balance” between innovation and trust in financial markets, during the CMVM Annual Conference in Lisbon, which this year marks the regulator's 35th anniversary. In his speech, the...
The Insurance and Pension Funds Supervisory Authority (ASF) and the Angolan Insurance Regulation and Supervision Agency (ARSEG) have signed a Cooperation Protocol to foster collaboration between the two regulators and promote the sustainable development of their respective insurance and pension fund markets. The ceremony took place in Lisbon, and...
SIBS filed a lawsuit challenging the supervisor's order in 2025. Shortly after, it dropped the case. In Santarém, the appeal against the Competition Authority's fine remains ongoing, awaiting a decision from the European court.
The European Central Bank's annual forum in Sintra, Portugal, will focus on the theme 'Shaping Europe's future: innovation, growth and stability'. The three-day event will feature debates on artificial intelligence, the economic impact of immigration, and the challenges of digital currencies, alongside a panel discussion with central bank leaders.
Estoril Sol indicated this Wednesday that it will not be able to publish its 2025 results by the end of this month, when the legal deadline expires, but expects to complete the process within three weeks. The company is required to disclose its consolidated financial statements for the fiscal year ending December 31, 2025.
It was explained to the governor, as it was to all Bank of Portugal employees, that rules do not allow any stock market investment. Santos Pereira invested anyway (but will donate the capital gains).
The Governor of the Bank of Portugal purchased stocks and was required to annul the transactions - Economy - 24 News
The Governor of the Bank of Portugal purchased stocks and was subsequently required to reverse the transactions.
The Governor of the Bank of Portugal increased his stock portfolio after taking office. The European Central Bank's code of conduct does not permit these private transactions. Santos Pereira was required to divest.
A senior European official highlighted that the current global scenario, influenced by the war in Ukraine, rivalry with China, and uncertainty in relations with the US, is forcing the EU to adapt its trade and industrial policy.
A DN exclusive on traffic changes in the capital makes the front page: Lisbon City Council restricts ride-hailing services in tourist areas and bus lanes. The municipality will sign an agreement with platforms Bolt and Uber to prohibit starting or ending trips in certain parts of the capital. The commitment also stipulates that all vehicles must be electric by 2030. In the main photo: The National Statistics Institute (INE) releases a strong budgetary performance for 2025 this Thursday, with a surplus higher than expected. Also highlighted: José Maria Ricciardi, the manager who denounced Ricardo Salgado at BES, has died. Download the electronic edition of the newspaper at the link below.
