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Confederación Española de Cajas de Ahorros (CECA)

CECA

CECA is a Spanish banking association representing the interests of savings and retail banks.

Lobbying Activity

Meeting with Jonás Fernández (Member of the European Parliament)

7 Nov 2025 · Saving and Investment Union

Meeting with Lauro Panella (Cabinet of Commissioner Maria Luís Albuquerque)

7 Nov 2025 · SIU and Simplification

Meeting with Isabel Benjumea Benjumea (Member of the European Parliament)

6 Nov 2025 · Financial Services

Spanish retail banks urge lower haircuts for high-quality securitisations

15 Jul 2025
Topic — The Commission is reviewing liquidity coverage requirements for bank securitisation exposures.
Message — CECA recommends a 15% haircut for high-quality assets to reflect their added value. They propose expanding the scope to include resilient non-standardised securitisations as liquid assets.12
Why — These changes would reduce capital constraints and incentivise banks to increase asset investments.3
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Spanish savings banks urge flexible labels for investment products

8 Jul 2025
Topic — This initiative creates a European blueprint for savings products based on best practices.
Message — The association recommends using broad terms like 'investment wrapper' instead of 'account' to include diverse products. They also call for tax incentives and the inclusion of green bonds.12
Why — This would reduce compliance costs by allowing firms to maintain existing distribution strategies.34
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Spanish retail banks demand simpler EU sustainable finance disclosures

30 May 2025
Topic — The European Commission is reviewing disclosure rules to simplify sustainable finance frameworks.
Message — CECA advocates for a simplified framework to avoid overwhelming financial providers and customers. They call for alignment with the EU Taxonomy to reduce administrative burdens.12
Why — This approach would lower compliance costs and help banks maintain product profitability.3
Impact — Environmental advocates lose if fewer investment exclusions reduce the rigor of sustainable portfolios.4
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Meeting with Maria Luís Albuquerque (Commissioner) and

27 May 2025 · • SIU • simplification

Response to Savings and Investments Union

7 Mar 2025

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the call for evidence on the Savings and Investments Union. Please find attached our considerations focused on the regulatory and supervisory simplification, the selection of the most appropriate legislative instrument, transparency and investor protection, and financial literacy.
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Spanish retail banks urge EU-wide regulatory pause

31 Jan 2025
Topic — The European Commission is seeking feedback on the Single Market Strategy 2025.
Message — CECA calls for a legislative pause to prioritize implementation over new rules. They advocate for using EU regulations instead of directives and seek to limit new requirements from non-legislative bodies.123
Why — Uniform rules would reduce operational costs and help European banks compete against international rivals.45
Impact — National governments would lose the flexibility to adapt European rules to local market conditions.6
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Meeting with Didier Millerot (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and Bundesverband deutscher Banken e.V. and

16 Jan 2025 · Upcoming topics in sustainable finance

Meeting with Isabel Benjumea Benjumea (Member of the European Parliament)

20 Nov 2024 · RIS

Response to Assessment of the energy efficiency public funding support at Union and national level

26 Feb 2024

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the call for evidence "Assessment of the energy efficiency public funding support at Union and national level, and suitability for the establishment of a dedicated mechanism at Union level". Please find attached our considerations.
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Response to Guidance to Member States and market actors to unlock private investments in energy efficiency (EED recast)

26 Feb 2024

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the call for evidence "Unlocking private investment in energy efficiency guidance to Member States and market actors". Please find attached our considerations.
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Response to Payment services – revision of EU rules (new Regulation)

31 Oct 2023

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the proposal for a regulation on payment services in the internal market (PSR) and amending regulation (eu) no 1093/2010. ). Please find attached our general considerations, highlight the importance assigned to fraud, with the following specific remarks:- Mandatory refund obligation under certain conditions for Payment Service Providers in case of impersonation fraud - Obligation for PSPs to have transaction monitoring in place and allowing for fraud data sharing - Reactive measures in front of fraud for remediation - Extending the mandatory IBAN-name check for all credit transfers - Changes in SCA - Access to cash in the proposed Directive (PSD3) that accompanies the PSR - Transparency obligations - Open Banking Contingency option - Open Banking Lack of compensation for providing access to customers data - Open banking The PSR should be integrated within the broader FIDA framework - Permission dashboards - Open Banking Functionalities and standards - Payment Systems - Enforcement and implementation - Application
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Spanish retail banks warn EU against interventionist price benchmarks

28 Jul 2023
Topic — The EU is consulting on new rules to improve retail investor protection and confidence.
Message — CECA argues that 'Value for Money' benchmarks are interventionist and lead to indirect price fixing. They suggest focusing on product governance and qualitative criteria instead of rigid quantitative metrics. They also call for a substantial extension of the implementation deadlines due to the proposal's complexity.123
Why — Maintaining pricing freedom allows banks to preserve their profit margins and product diversity.45
Impact — Retail clients risk losing access to personalized financial advice and a diverse range of investment products.678
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Response to Banking Union: Review of the bank crisis management and deposit insurance framework (DGSD review)

27 Jul 2023

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the proposal for a Directive of the European Parliament and of the Council amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency. Please find attached our considerations. They are related to the least cost test and the extension of the scope of the deposit protection to cover funds deposited on behalf and for the account of their clients by financial institutions such as investment firms, payment or e-money institutions in credit institutions.
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Response to Banking Union: Review of the bank crisis management and deposit insurance framework (SRMR review)

27 Jul 2023

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action. Please find attached our considerations. They are related to liquidity in resolution, the deferral of the collection of ex-ante contributions and the legal certainty of the acquirer of a FOLTF bank.
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Response to Banking Union: Review of the bank crisis management and deposit insurance framework (DGSD review)

27 Jul 2023

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the proposal for a Directive of the European Parliament and of the Council amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action. Please find attached our considerations. They are related to liquidity in resolution, the use of DGS in resolution (8% TOLF) and the legal certainty of the acquirer of a FOLTF bank.
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Response to Enhancing the convergence of insolvency laws

17 Mar 2023

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law. Please, find attached our comments.
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Meeting with Jonás Fernández (Member of the European Parliament, Rapporteur) and CaixaBank, S.A.

22 Jul 2022 · EU Banking Package 2021

Response to Alignment EU rules on capital requirements to international standards (prudential requirements and market discipline)

23 Feb 2022

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor. Please find attached our comments.
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Response to Alignment of EU rules on capital requirements to international standards (review processes)

16 Feb 2022

CECA (Spanish Association of Savings and Retail Banks) welcomes the opportunity to comment on the Proposal for a Directive of the European Parliament and of the Council amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks, and amending Directive 2014/59/EU. Please find attached our comments referring to the following issues: fit and proper and ESG risks.
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Response to Revision of EU rules on Anti-Money Laundering (recast of a former instrument)

29 Nov 2021

Please find attached CECA's response to the proposal for a Regulation of the European Parliament and of the Council on information accompanying transfers of funds and certain crypto-assets (recast).
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Response to Revision of EU rules on Anti-Money Laundering (new instrument)

18 Nov 2021

Please find attached CECA's response to the proposal for a Regulation of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.
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Response to Designation of a statutory replacement rate for CHF LIBOR (Benchmarks)

31 Aug 2021

The Spanish Association of Savings and Retail Banks (CECA) welcomes the Commission’s initiative to designate a statutory replacement for certain settings of CHF LIBOR. Please find attached our comments to the consultation.
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Response to Review of the Benchmark Regulation

6 Oct 2020

The Spanish Association of Savings and Retail Banks (CECA) welcomes the opportunity to participate in the public consultation launched by the European Commission regarding the proposal to amend the Benchmark Regulation (BMR). Likewise, we support the work undertaken by the Commission and in particular, we welcome the powers granted to the Commission to designate a statutory fallback when certain trigger events apply. In addition, we would like to contribute to this consultation with the comments attached.
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