"Bank crash ten years ago - The lessons we learnt a decade after the collapse of BES" (with António Pape)

It was in this post-financial crisis context that the legislative and regulatory framework began to change even before the collapse of BES, although the first changes stemmed from the transposition of European directives that were already underway at the time. As António Pape, an Associate in SRS Legal's finance department, summarises, "the main legislative innovations in the banking sector in Portugal since the summer of 2014 are not really the result of the aftermath of the BES resolution, but of the 2007/2008 global financial crisis, which led EU bodies to create a standardised regulatory architecture for the financial sector, with a special focus on its monitoring and robustness."