International banking supervisors have relaxed liquidity requirements for the region's bank. The changes will take place gradually through the 2019 fiscal year, which will provide a positive demand for stocks within the sector. Driven by financials, stock markets across Europe were up yesterday.
For the Spanish banking sector, this is a significant measure because it will allow it to continue its restructuring process with less stringent conditions. Now that the banks have access to more cash, their strict credit policies will relax somewhat, which could drive growth for the national economy.
