The objective of this paper is to evaluate the impact that the application of Spanish legislation for competition exerts on financial markets. To this end and taking as a starting point the opening of a sanctioning procedure by the National Competition Market Commission (CNMC), the response of...

This paper analyses the reasons why Spanish banks securitised in the period 2000-2007 on such a large scale that Spain has become the European country with the second-largest issuance volume after the UK.The results were obtained by applying a logistic regression model to a sample of 408...