BOE-A-2026-3614 ·16 February 2026 ·Resolution Low impact
Tax

Executives of Caja Rural de Jaén, Barcelona and Madrid fined up to €70,000 for serious management and control breaches

The Bank of Spain has published sanctions imposed for serious infringements against various executives and members of the Governing Board of Caja Rural de Jaén, Barcelona y Madrid, SCC (Art. 115.5 Law 10/2014). The penalties stem from deficiencies in risk management policies, the lack of an adequate corporate governance system, and the absence of internal control mechanisms proportionate to the entity's risks (Art. 93.p Law 10/2014). Individual fines range from €10,000 to €70,000 (Art. 101 Law 10/2014).

In 2 key points

  1. Individual fines of €70,000, €60,000 and €10,000 depending on the role and responsibility (Art. 101 Law 10/2014). (art. 101)
  2. Serious infringement due to deficiencies in risk management, corporate governance and internal control (Art. 93.p Law 10/2014). (art. 93.p)

How it affects those involved

For executives and members of governing bodies of credit institutions, this resolution confirms personal and financial liability for deficiencies in the entity's supervision and internal control (Art. 93.p Law 10/2014). Although the sanctions have become final through administrative channels, it is noted that they have been appealed judicially and are therefore not yet final in a jurisdictional setting.

Lifecycle

2026-02-16PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.
PDF on boe.es

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