The Spanish National Securities Market Commission (CNMV) downplays the risk of private debt funds, an investment instrument currently experiencing a crisis in the United States, with limited liquidity for investors in some cases, such as a playpenIn Spain, only eight of these free collective investment instruments operate, with a total of €913 million. This figure represents less than 1% of the total assets of this type of fund. In fact, the stricter controls primarily affect those acting as lenders, which have a quarterly or monthly liquidity window—shorter than other funds—for investors to withdraw their money. It does not affect free investment funds that invest in stocks, real estate, and other assets. Furthermore, there are practically no individuals or families among the capital of these free investment funds; the vast majority are institutional or professional investors, according to sources at the stock market regulator. The limited impact of these instruments, which manage around two trillion dollars in the US and have experienced periods of withdrawal restrictions, is due to European regulations and the oversight exercised by the CNMV (Spanish National Securities Market Commission). This structure, which provides loans to companies in exchange for offering participants higher returns in exchange for greater risk than other financial assets, also has many individual investors in the US. In Europe, it generally has a smaller presence.

The Catalan multinational Fluidra, which manufactures swimming pools and components for this type of equipment, earned €178 million in 2025, almost 26% more than in 2024. In a statement sent to the Spanish National Securities Market Commission (CNMV), the stock market regulator reported this figure last Thursday. Sales increased by 3.9% to €2.184 billion, thanks to a "sustained" increase in volume in all regions "in a changing environment," as well as improved prices and the contribution of new acquisitions. North America was the region that contributed the most revenue, totaling €959 million, a 2.6% increase; followed by Southern Europe, with €573 million, a 5.3% increase. As for the rest of Europe, sales generated €288 million, a 7.6% increase, and the rest of the world another €364 million, a 2.3% increase. By business segment, the pool and wellness segment accounted for 98% of sales, with €2.147 billion, a 3.8% increase, while the irrigation and industrial segment contributed €37 million, an 11.7% increase. Fluidra's CEO, Eloi Planes, stated that the past year has demonstrated the business's strength with growth exceeding that of the market, while also continuing to advance strategic priorities within a dynamic environment. The goal, as the executive stated in a press release, is to continue executing the strategy and investing in strengthening the business for the long term, as well as accelerating growth, boosting competitive differentiation, and reinforcing operational excellence.

On January 9, 2024, almost two years ago, Grifols, the Catalan multinational specializing in blood products with family capital, suffered a huge blow on the stock market. The reason? The speculative fund Gotham City Research Gotham accused the company of manipulating its debt and operating profit (EBITDA), alleging that it inflated profits while concealing the true extent of its liabilities after years of growth. Before the pandemic, a crisis that paralyzed the blood collection business and strained its finances, the company had expanded through acquisitions, which had increased its debt. Following the initial allegations, which Gotham supplemented with subsequent reports, the group implemented governance reforms and had to divest part of its business in China, Shanghai RAAS, which it sold to the Chinese giant Haier. to reduce their liabilitiesToday, BK is in the midst of expanding its operations in Egypt, in partnership with the Egyptian government through an agreement signed in 2020, and will launch Africa's first biotechnology plant. Furthermore, it is experiencing less turbulent times and has a better outlook, according to analysts. Much of this change in the outlook is due to its results, as it earned €304 million through September, a 245% increase compared to the same period last year, after closing the third quarter with a profit of €127 million, a 146% increase. Its revenue in these nine months grew by 7.7%, to €5.542 billion.

The proliferation of scams and investment frauds based on love and a supposed friendship has prompted intervention from the Spanish National Securities Market Commission (CNMV). The Spanish stock market regulator has decided to issue a warning given the high number of such cases. Although they don't reach such a specific segmentation or categorization by "love scams," data from the Ministry of the Interior reveals that last year there were 412,850 complaints of computer scams or cyber scams, of which 72,139 were related to such scams. While these figures are lower than those of 2023, they are significantly higher than in previous years, such as 267,011 in Spain as a whole and 61,607 in Catalonia in 2022, and 335,995 and 61,607, respectively, demonstrating that... According to the CNMV (Spanish National Securities Market Commission), these types of scams that appeal to feelings and emotions "usually begin very innocently: you meet someone online through social media, a dating app, an investment WhatsApp group, or even through a text message saying 'something'." The thing is, "before you know it, you're exchanging messages every day," without ever physically seeing the person. A recurring element is that the scammer appears to be wealthy, travels a lot, and has everything thanks to investing in cryptocurrencies like Bitcoin, gold, or other currencies. And therein lies one of the key elements: they are willing to teach how to achieve the same lifestyle they supposedly enjoy through recommended apps, accompanied by charts and data that reflect enormous returns. The problem is that when the person who is convinced wants to withdraw their money, there's no way to do so, and the supposed friend has disappeared. The CNMV (Spanish National Securities Market Commission) advises reporting these incidents immediately to the Mossos d'Esquadra (Catalan Police), the National Police, or the Guardia Civil (Spanish Civil Guard), and assures that anyone can be a victim. The agency offers numerous tips to avoid these scams. In fact, even video calls cannot serve as cover because the most experienced perpetrators of these practices can resort to artificial intelligence (AI). In short, one of the main recommendations is to ignore all messages, however affectionate and friendly they may be, that come from someone you don't know.

The Spanish National Securities Market Commission (CNMV) has decided to fine X (formerly Twitter) €5 million for a very serious infraction. Specifically, the social network failed to cooperate when the agency requested information about advertisements for "financial scams" published on its platform, as reported this Thursday by the newspaper. Official State Gazette (BOE).

The BBVA-Banc Sabadell case has opened the door to exploring the limits of the laws that have come into play throughout the hostile takeover bid, one of the most media-covered and politicized in recent years, which ultimately derailed. Consequently, the need, or lack thereof, to review and update some of the regulations has been on the table, the content of which has been at one point or another a key issue during these seventeen months that marked the outcome. The Competition Law and the Takeover Law have been placed in the spotlight. Had a merger between BBVA and Banc Sabadell been successful, the banking law, which leaves it up to the Spanish government to authorize or reject a merger, would also have come into play.

The business and political storm that ensued from the hostile takeover bid by Gas Natural (now Naturgy) for Endesa led to an update of the takeover bid law in 2007. Almost twenty years later, and as a result of a new storm—BBVA's hostile takeover bid for Banc Sabadell—this regulatory framework is back in the spotlight. For days, various voices have been speaking out about the need to revise the law, and this Tuesday, one of the main stakeholders did so: the National Securities Market Commission (CNMV), which, as the stock market regulator, has acted as a referee during the process. "We are willing to support the Ministry of Economy if it decides to move forward in this direction [an update of the takeover bid law]," said the president of the agency, Carlos San Basilio, this Tuesday in a media address after his participation in a Deloitte conference.

As the acceptance period for BBVA's takeover bid for Banc Sabadell approaches, which ends on the 10th, nerves are growing on both sides and the relationship between the two institutions is becoming strained. In fact, the banks have filed complaints against each other with the National Securities Market Commission (CNMV) for practices they consider inappropriate.

A decisive week has begun for BBVA's takeover bid for Banc Sabadell. After sixteen months of battle and a flurry of appearances by the top executives of both entities, the end is near. Or so it seems. In principle, next Wednesday, September 24th—Feast of the Mercè and a holiday in Barcelona—is the last day on which BBVA can improve its offer, although some place the limit at the 23rd. Be that as it may, the bank chaired by Carlos Torres has so far insisted on maintaining what it offers and He has stated on multiple occasions that he will not change it., although the premium has been negative since January—in recent days it has been marked by volatility. Beyond that date, the calendar remains packed with potential open scenarios.

A global bank, BBVA, with significant subsidiaries in Mexico and Turkey, wants to take control of a deeply rooted bank, Banc Sabadell. These are two very different business models. And a year after the takeover bid (OPA), which was described by the Catalan bank's board of directors as hostile, uncertainties remain. The market is betting that the group chaired by Carlos Torres Vila will ultimately improve the offer, even though he has publicly rejected it. In fact, he can't do anything else, since it's unlikely he'll announce it in advance.

Governments and supervisory bodies are suspicious about cryptocurrencies. The aim is to increase control over a kind of asset which, precisely, is going through one of its worst moments due to the war in Ukraine. The Spanish government has now taken a step further in this direction. The Ministry of Finance is preparing a royal decree which will amend the General Tax Law and the Personal Income Tax Regulations and incorporates new obligations for owners of cryptocurrencies, both at an informative level and in terms of the operations they make. "It is a new currency we should be able to regulate so that there is no kind of fraud or any undesirable effect on the economy", Minister of Finance María Jesús Montero told TVE on Tuesday.