Event Publicly Available Information:
On or about the 22nd of July 2011, the Bank of Spain, using powers under Title III of Law 26/1988 on the Discipline and Intervention of Credit Institutions, appointed the Restructuring Fund Banking Ordinance (FROB) as interim Administrator of Caja de Ahorros del Mediterraneo. The question for consideration by the ISDA Determinations Committee is whether or not the circumstances of this appointment constituted a Bankruptcy Credit Event? http://www.cnmv.es/Portal/HR/ResultadoBusquedaHR.aspx?nif=A86101375&division=1&ihr=2 (Document 148210 - 3rd down) http://www.isda.org/uploadfiles/_docs/Caja_Mediterraneo.pdf