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