SPAIN 2009FPA-EAME PRESENTATION
By Frank van Lerven CFP®
Pos. City Region Prov. population
1 Madrid Madrid Madrid 3,213,271
2 Barcelona Catalonia Barcelona 1,615,908
3 Valencia Valencian Community Valencia 810,064
4 Seville Andalusia Seville 699,759
5 Zaragoza Aragon Zaragoza 666,129
6 Málaga Andalusia Málaga 566,447
7 Murcia Murcia Murcia 430,571
8 Palma de Mallorca Balearic Islands Palma de Mallorca 396,570
9 Las Palmas Canary Islands Las Palmas 381,123
10 Bilbao Basque Country Biscay 353,340
Facts about Spain is the second largest country in Europe (after France).
Population size: 42 million
Tourism: Over 45 million tourists visit Spain each year (Spain is the second most visited country in the world).
Political Structure: Parliamentary monarchy (since 1978).
Regions: Spain is made up of 17 autonomous regions.
Currency: Euros ( before 2002, pesetas).
Language: Spanish (Catalan, Valencian, Gallego, Euskera are independent languages spoken in Catalonia, Valencia, Galicia and The Basque Country).
Religion: 98% of the population is Catholic (there is freedom of religion in Spain)
GDP - per capita (purchasing power parity): $23,300 (2004).
SPAIN ECONOMY 2000 till 2005 HUGELY DYNAMIC
LOTS OF FOREIGN INVESTMENT DRIVING FORCE IN EEC REAL ESTATE BOOM HIGH EMPLOYMENT
2005-2009
REAL ESTATE CRASH
(GLOBAL) RECESSION
UNEMPLOYMENT 16% (2009)
2008 – 2009 GLOBAL CRISIS
SPANISH FINANCIAL INSTITUTIONS HOLD UP WELL
THANKS TO STRONG & CONSERVATIVE REGULATION
BANCO SANTANDER HELPS WITH THE BAIL-OUT OF UK BANKS
REGULATION FINANCIAL SERVICES
THE AUTHORIZING AGENCIES ARE:
FOR BANKS: BANCO DE ESPANA
FOR INSURANCE&PENSION COMPANIES: DGS
(Direccion General de Seguros y Fondos de Pensiones)
FOR SECURITIES & MUTUAL FUNDS: CNMV
(Comision Nacional del Mercado de Valores)
EFPA SPAIN IS THE ASSOCIATION FOR FINANCIAL PLANNERS
PART OF THE EUROPEAN FPA
6500 FINANCIAL PLANNERS ARE REGISTERED
EXAMS ARE REQUIRED
28 Financial companies supporting €FPA Certifications
Services offered to members
■ Continuous education: digital conferences
■ Information: articles, reports (fiscal, legal etc.)
■ Networking: chat, professional forum, publications
■ Newsletter■ Services offered by companies
Contact
Andrea Carreras-CandiGran Vía 670 2ª planta08010 BarcelonaTel: +34 93 412 10 08Fax: +34 93 412 10 15
LISTS UNREGULATED ADVISERS: 300!
LISTS REGULATED ADVISERS : 11!
The authorities are taking action against the unregulated advisers: not easy because many of them are based outside Spain.
SPAIN IN ONE SENTENCE
“Spain combines its superb artistic and natural heritage with an infectious, go-ahead dynamism”
From Lonely Planet