Banco de España

Spain Open Banking Regulator

EU
🏛️
Jurisdiction
Spain
📋
Regulations
3
Open Banking frameworks
🌍
Region
EU
🔗
Type
NCA
National Competent Authority

About Banco de España

The Banco de España is the primary financial regulatory authority in Spain responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), they ensure that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: On 11 September 2019, the Spanish regulator acknowledged the new guidance by the European Banking Authority and shared that they’re working on a phased implementation plan. The length of the delay or any intermediary milestones have not yet been officially confirmed.

Jurisdiction

Spain
View Open Banking providers, banks, and TPPs in Spain

Regulations Overseen

Banco de España is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

Related Regulators

Other open banking regulators in the European Union:

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