In Portugal, to ensure the stability, efficiency, and solidity of the financial system, the banking sector is regulated by the Bank of Portugal. Therefore, the relationship between investors and Portuguese financial institutions is always protected, as the Bank of Portugal also regulates all financial products and services. It has established a code of conduct to ensure that financial institutions provide transaction information to clients both before and during the contracting phase when offering products and services.
The Bank of Portugal has launched the Bank Customer Website to support individuals in making appropriate decisions based on existing and future available resources. Here, individuals can find useful information to answer any questions they may encounter in obtaining financial products and services. The website encompasses information on various aspects of all major banking products and payment methods, interest rates, and services provided by the Bank of Portugal. It also includes an index of key regulations governing the scope of banking products and services, a glossary of financial terms, and a list of answers to frequently asked questions.
The financial sector in Portugal meets the requirements set by the European Banking Authority (EBA) and the national regulatory authority, the Bank of Portugal. The results of stress tests indicate that Portuguese banking groups demonstrate a high level of resilience to adverse conditions. Furthermore, the Portuguese banking system offers a wide range of financial solutions for foreigners.
