Latest news and stories about regulation in finance in Lisbon, 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 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...'
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.
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.
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.
Portuguese people wager 63 million euros per day in online casinos. The headline of this Monday's DN focuses on gambling. The Gaming Regulation and Inspection Service released data for 2025, showing the state collected 353 million euros in taxes from the sector. Physical casinos are losing ground to betting websites. The main photo is reserved for the Middle East: the war enters a new phase with Trump's ultimatum and Iran's threat to Gulf countries. Also highlighted is 'Operation Lumen': the Secretary-General of the Lisbon City Council remains free but is suspended from his duties. Download the full edition at the link below. See the front page in detail.
The implementation of Mário Draghi's recommendations remains slow, limiting investment, productivity, growth, and employment in Europe, according to the Reform Barometer by BusinessEurope, the largest European business confederation, of which the CIP–Confederation of Portuguese Business is a member. 'Only about 11% of the recommendations presented by Draghi in September 2024 have been implemented to date,' says Rafael Alves Rocha, Director-General of the CIP, in a statement. This situation leads the organization to assert that 'political messages in defence of competitiveness are not enough; urgent measures are needed to clearly and immediately alleviate the burden on companies.' The topic will be debated at the conference 'European Competitiveness 18 months after the Draghi Report,' taking place tomorrow (March 17) at the Bank of Portugal's Money Museum in Lisbon. The event, organized with the support of the CIP, will feature the participation of the Assistant Secretary of State and Budget, João Maria Brandão de Brito. The debate will focus on the most urgent challenges for European growth, with contributions from officials from the Bank of Portugal, BusinessEurope, academia, financial institutions, and the CIP. Economists and representatives from the business sector are also expected to attend. The 2026 edition of the Reform Barometer, one of the main European publications dedicated to analyzing economic reforms and EU competitiveness, will be on the table, the statement says. This study is published annually and analyzes the performance of European economies in areas such as public finance, business environment, innovation and skills, access to finance, taxation, financial stability, and the labor market. In this edition, the barometer reveals that nearly 60% of national confederations, members of BusinessEurope, have a more favorable opinion of the European Commission's competitiveness and growth agenda than a year ago. However, only 19% of respondents point to an improvement in the EU's investment environment, while more than half see no change. About a third state that conditions have worsened. The conference program includes debates on the state of EU competitiveness in a context of increasing global competition, the next Multiannual Financial Framework and the role of cohesion policy in supporting investment, and the development of the Savings and Investments Union. Navigator heads towards the future with bets on tissue paper and coffee capsules; footwear sector invests 50 million to position itself as a supplier to the European military sector.
The party is seeking explanations for what it considers to be “scandalous benefits” for Mário Centeno, former governor of the Bank of Portugal.
The Chega party is calling the Governor of the Bank of Portugal to Parliament to explain Mário Centeno's retirement, which party leader André Ventura described as having “scandalous benefits” and being the result of a “hidden agreement.” Ventura criticised the arrangement, which allows the former governor to retire at 59 with a pension nearly equal to his previous monthly salary of 17,000 to 20,000 euros, calling it an “absolute immorality” while the general public is expected to work until 67. Additionally, Ventura addressed recent criticism regarding the party's presence at the Futurália education fair, denouncing what he termed an “attempt at censorship” by academic institutions that opposed the party's participation.
The party president claimed there was a “hidden agreement”.
While participating in a demonstration against US attacks on Iran, the communist and Bloco leaders converged on what the reaction to the price hike crisis, resulting from the conflict in the Middle East, should be.
