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Legal Update

Summary of Government Interventions in Financial Markets - Portugal

September 2009
Mayer Brown Legal Update
In the context of initiatives that were adopted in the European Union and aiming to strengthen the financial system stability, the access to liquidity and the financial capacity of credit institutions, the Portuguese government created a special scheme for granting guarantees to credit institutions with a registered office in Portugal as well as increased its guarantee of bank deposits. In November, Portugal’s parliament also approved a package proposed by the Spanish government to help local banks boost their capital ratios during the global financial crisis.
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