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The Bank of Spain will put up a traffic light to warn of offers of dangerou...

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Objective: prevent more cases of ignorance such as that of the preferential ones The Government wants to avoid, at all costs, another financial scandal like that of the preferred ones from occurring in Spain. The Bank of Spain will force banks and savings banks to warn with a traffic light the degree of risk that clients are assuming in advertising the products they offer in branches. Twist in the preferential scandal. Banco Santander, BBVA and La Caixa are offering better conditions to those affected to recover their savings The Government will help savers deceived by preferred shares. It will study case by case and propose to Brussels to return 100%he former Ombudsman, María Luisa Cava de Llano , requested a few months ago, both the CNMV and the Bank of Spain, to classify financial products by their risk and complexity. Specifically, the proposal would consist of establishing a simple system that is easy to understand for all clients to avoid scandals such as the preferred one, where thousands of small savers have been trapped in recent months.

And, to make matters worse, many of them will lose a large part of the investment they made. Traffic lights for high-risk products Well then. As El Confidencial Digital has learned from financial sources, the Bank of Spain is already working on this classification of investment products, paying special attention to their risk . The alarm system that is Middle East Mobile Number List planned to be established for less specialized clients, and that will serve to discourage them from investing in overly complex products , is a traffic light, in which green indicates low investment risk and red, high danger. These instructions will be mandatory for all entities. They must categorize the dangerousness of all products in the advertising brochures they offer to their clients using the traffic light colors. In the same way, they will have to specify these risks, through this same symbology, in the contracts they close with clients for the marketing of their investment products.



Aznar worked hard Already in 2000, with Juan Carlos Aparicio in the Ministry, Labor detected fraud by companies in Social Security contributions of more than 115,000 million pesetas . The Aznar Government wanted to invest itself fully in what they called the emergence of the underground economy . They discovered that members were working 'underground'. There were administrative sanctions of 1,920 million. The precedent of Greece In this regard, in Greece a system will be launched next year to try to put an end to fraud in the receipt of pensions . Notaries will have to present a notarial certificate of any wedding, divorce or death to Social Security. The objective of this measure is to end massive fraud in the Greek country. There have been cases of people who had died years ago while his family was still collecting that citizen's pension. From now on, therefore, faith in life will be essential to continue perceiving it.


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