Spain repurposes FROB as anti-money laundering authority and assumes CaixaBank stake control

The Spanish government has restructured the Fondo de Reestructuración Ordenada Bancaria (FROB), transitioning its mandate from bank resolution to anti-money laundering and counter-terrorism financing oversight. The reform also consolidates state control over the government's equity stake in CaixaBank, marking a shift in institutional governance of state-held financial assets.