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The Spanish government has approved on August 31, 2012 a Royal Decree-Law on a new framework for the restructuring and resolution of financial institutions, which will become an essential tool in the crisis management in financial institutions. To this end, the available instruments, the role of public institutions and the procedures are reinforced. The ultimate objective is to safeguard the stability of the entire financial system, beyond the problems of a particular entity. This Royal Decree Law enters immediately into force and has to be ratified by the Parliament.

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