Reflexiones a propósito del caso "Banco Popular" sobre la posición del accionista

More than a year has now elapsed since 7 June 2017, and the announcement of a series of measures by the Fund for Orderly Bank Restructuring to implement the Decision of the Single Resolution Board (SRB), adopting the resolution mechanism for the company Banco Popular Español, S.A., in compliance with the provisions of article 29 of Regulation (EU) no. 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) no. 1093/2010. As a result of the decision, all Banco Popular shares were awarded to a third party - Banco Santander - in an extraordinarily short period of time, leaving the shareholders in an unprecedented situation. Now that some time has passed, the reflections above aim to highlight the position in which the shareholders of Banco Popular were placed.