Bank of Spain fines CBNK Banco de Colectivos and four board members for irregularities in executive compensation
15 Oct 20262 views
Who is affected:
CBNK Banco de Colectivos, SA, its sanctioned board members and credit institutions with senior management
Summary
The Bank of Spain sanctions CBNK Banco de Colectivos with €300,000 and four board members for failing to correctly classify contributions to executive savings plans as discretionary pension benefits.
Detailed analysis
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The Bank of Spain has published in the BOE the final sanctions imposed on CBNK Banco de Colectivos, SA, and four members of its board of directors for serious breach of banking regulations. The infraction consisted of failing to classify 100% of extraordinary contributions to executive savings plans as discretionary pe…
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Resolución de 6 de octubre de 2026, del Banco de España, por la que se publican las sanciones impuestas por infracción grave a CBNK Banco de Colectivos, SA, y a cargos de administración.
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