For yet another year, 2012 was characterized by the continuing economic crisis in Spain, with continued market instability and pressures on prices. This has caused continuing market instability and pressures on prices. Against this backdrop, the function of risk control in market activities has taken on a special importance.
The activity of each of the Group’s trading desks is controlled and monitored in terms of the possible impact of negative market conditions, both under ordinary circumstances and in situations of heightened risk factors.