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finance

Financial markets, banking, investment, and economic policy news from Portugal.
Banco de Portugal Forces Lenders to Refund €8.91 Million to Clients in 2025 as Cobranças Indevidas Drop From the €22 Million 2024 Outlier — Commissions Carry €8.24 Million of the Restitution

Banco de Portugal Forces Lenders to Refund €8.91 Million to Clients in 2025 as Cobranças Indevidas Drop From the €22 Million 2024 Outlier — Commissions Carry €8.24 Million of the Restitution

BdP's 2025 Behavioural Supervision Report shows banks returned €8.91M to clients — €8.24M in commissions and €670k in interest — after pricing, suitability and late-payment breaches surfaced. Complaints over account closures jumped 55% and fraud disputes 45%.
The Portugal Brief
Conselho de Ministros Drops the Seven-Working-Day Pre-Approval Rule for PPR and PRIIPs Advertising on Thursday 14 May — Six-Month Validity Survives the Reform as Insurers Move to a Communicate-First Notification Regime

Conselho de Ministros Drops the Seven-Working-Day Pre-Approval Rule for PPR and PRIIPs Advertising on Thursday 14 May — Six-Month Validity Survives the Reform as Insurers Move to a Communicate-First Notification Regime

Council of Ministers approved Thursday a diploma that strips the seven-working-day prior-approval gate for PPR and PRIIPs advertising. Insurers and banks move to a communicate-first notification regime; six-month message validity and supervisor ex-post powers survive.
The Portugal Brief
Portugal's Direito ao Esquecimento for Mortgage and Consumer Insurance — Cancer Survivors Beyond 10 Years, Childhood Cases at 5, and the 2-Year Mitigated-Disease Threshold for HIV, Diabetes and Hepatitis C Now Live Under ASF Supervision

Portugal's Direito ao Esquecimento for Mortgage and Consumer Insurance — Cancer Survivors Beyond 10 Years, Childhood Cases at 5, and the 2-Year Mitigated-Disease Threshold for HIV, Diabetes and Hepatitis C Now Live Under ASF Supervision

Portugal's Direito ao Esquecimento (right to be forgotten) bars insurers from collecting or pricing on health histories that meet specific recovery thresholds — 10 years post-treatment for adults, 5 for under-21 cases, 2 years of continuous treatment for mitigated chronic conditions.
The Portugal Brief
IMF Warns Two-Thirds of EU Energy Subsidies Are Untargeted and Already Cost 0.18% of GDP — Alfred Kammer Says the Permanent-Fiscal-Burden Trap Is Closing on Lisbon as ISP Discount Climbs Again

IMF Warns Two-Thirds of EU Energy Subsidies Are Untargeted and Already Cost 0.18% of GDP — Alfred Kammer Says the Permanent-Fiscal-Burden Trap Is Closing on Lisbon as ISP Discount Climbs Again

IMF's Alfred Kammer warns two-thirds of EU energy subsidies are untargeted and already cost 0.18% of GDP — landing the same weekend Lisbon lifted its ISP fuel-tax discount to €75.48/1,000L diesel and €51.97 gasoline. Permanent-fiscal-burden trap closing on the eurozone.
The Portugal Brief