Portugal map

Regulators in Portugal

The supervisory and regulatory framework in Portugal consists of:

  • Banco de Portugal (BdP)
  • Comissão do Mercado de Valores Mobiliários (CMVM)
  • Instituto de Seguros de Portugal

FRSGlobal also supports submissions to other reporting authorities :

  • Direcção Geral dos Impostos (DGCI)
  • Instituto Nacional de Estatística (INE)

FRSGlobal in Portugal

The Portuguese banking system weathered the global financial crisis relatively well, reflecting pre-existing strengths, such as limited exposure to toxic assets, the absence of a property bubble, retail-based business models, and a sound supervisory and regulatory framework.

However, banks are now struggling with funding difficulties in the international wholesale debt markets on the backdrop of the recent downgrades on the ratings of the Portuguese Republic, banks and several non-financial corporations and also due to the structural reform measures taken by the Portuguese government under the economic and financial adjustment programme signed to allow for international assistance to the Portuguese economy.

The program envisages several measures aimed at the gradual deleveraging of the financial system and include a reinforcement of solvency rations, imposing a minimum Core Tier 1 ratio of 9% starting from the end of 2011 and 10% by the end of the following year at the latest. Banks are now concentrated on strategies for the reinforcement of their regulatory capital, sales of credit and of non-strategic private and public sector assets and the reinforcement of stable funding sources, such as deposit-taking from customers.

Nevertheless, the stress test carried out by the EU on 74% of the banking system total assets has proven a high degree of resilience to adverse scenarios and no recapitalization measures were called in the case of Portuguese banks.

Firms are faced with investing time, effort and resource to:

  • Keep abreast of the latest regulatory demands
  • Understand regulatory requirements
  • Re-configure IT solutions to address changing business issues
  • Meet risk and regulatory demands to stay compliant
  • Have audit capability to meet internal and external investigation
  • Have consistent information for both internal and external consumption

You don’t have to worry about these things.

As leaders in the field of risk and regulatory solutions FRSGlobal understands your business needs, our heritage in and in-depth knowledge of the financial market enables the development of our solutions to be so flexible that they meets the needs of ALL firms whatever the size or complexity.


FRSGlobal leads the way in risk and regulatory compliance solutions and has many referenceable clients.

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Contact FRSGlobal

Av. Duque de Loulè
106 - 11° andar
1050-093 Lisboa
Portugal

T: + 351 21 310 46 30
E: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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