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SPAIN 2009 FPA-EAME PRESENTATION

SPAIN 2009 FPA-EAME PRESENTATION. By Frank van Lerven CFP®. 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).

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SPAIN 2009 FPA-EAME PRESENTATION

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  1. SPAIN 2009FPA-EAME PRESENTATION By Frank van Lerven CFP®

  2. 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).

  3. SPAIN ECONOMY 2000 till 2005 HUGELY DYNAMIC • LOTS OF FOREIGN INVESTMENT • DRIVING FORCE IN EEC • REAL ESTATE BOOM • HIGH EMPLOYMENT

  4. 2005-2009 • REAL ESTATE CRASH • (GLOBAL) RECESSION • UNEMPLOYMENT 16% (2009)

  5. 2008 – 2009 GLOBAL CRISIS SPANISH FINANCIAL INSTITUTIONSHOLD UP WELL THANKS TOSTRONG & CONSERVATIVEREGULATION BANCO SANTANDER HELPS WITH THE BAIL-OUT OF UK BANKS

  6. 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)

  7. 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

  8. Services offered to members ■ Continuous education: digital conferences ■ Information: articles, reports (fiscal, legal etc.) ■ Networking: chat, professional forum, publications ■ Newsletter ■ Services offered by companies

  9. Contact Andrea Carreras-Candi Gran Vía 670 2ª planta 08010 Barcelona Tel: +34 93 412 10 08 Fax: +34 93 412 10 15

  10. 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.

  11. SPAIN IN ONE SENTENCE • “Spain combines its superb artistic and natural heritage with an infectious, go-ahead dynamism” From Lonely Planet

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